Currently, DOGE is oscillating within the 0.138-0.139 USDT range, having broken below the previous key support at 0.1396. From the daily chart, a bearish engulfing pattern has appeared, with the price running along the lower Bollinger Band.

On the technical side, there are some interesting signals. The 15-minute RSI has temporarily entered the oversold zone (below 30), suggesting a potential short-term rebound. However, the trading volume is not very strong, failing to confirm genuine upward momentum. Looking at the 5-minute chart, the 50-period moving average has already turned downward, further reinforcing the downward pressure.

Interestingly, the fundamentals are quite supportive. Recently, whales bought a hefty 218 million DOGE within 12 hours, worth about $31 million. Grayscale’s DOGE Trust ETF also set a record for the largest single-day inflow, with $7.55 million coming in. Coupled with progress in collaborations with Japanese companies on payment infrastructure, these factors provide solid fundamental support.

However, the pressure cannot be ignored. Expectations of U.S. inflation data are tightening market liquidity, and the meme coin sector faces short-term correction risks, all of which are exerting downward pressure on the price.

Looking ahead over the next three days: the first two days are likely to focus on oscillation and correction within the 0.138-0.145 USDT range. On the third day, after the CPI data is released, the price should face a decisive move. The key points to watch are whether the 0.145 USDT resistance can be broken effectively and whether the 0.135 USDT support can hold.

The core support level is around 0.135-0.136 USDT, where previous heavy trading volume and psychological levels have repeatedly prevented a breakdown. If this support fails, the price could drop toward 0.132 USDT.