Is Dogecoin flashing a "V-shaped reversal" around $0.137? Many are already itching to buy the dip. But a closer look at the data shows it's not that simple.

History tells us a cruel truth: in 80% of rebound signals after an oversell, it ultimately turns into a "dead cat bounce." Brief surges and dips, then a sharper fall.

From a technical perspective, it also looks pretty crazy. On the 12-hour chart, TD Sequential shows a "9" buy signal, which sounds promising. But at the same time, MACD and ADX are confirming a downtrend. Signals are conflicting—who should you listen to?

Even more heartbreaking is the coin holding structure. The top 5 addresses control 38% of Dogecoin's supply, with the largest holding 19% alone. What's the concept here? It means the price trend can be easily dictated by a few big players. Retail traders' painstaking technical analysis is worthless in the face of a dump by whales.

In short, Dogecoin is now just a speculation tool. Bitcoin is a store of value, Ethereum has built an ecosystem, but what about Dogecoin? Its main uses are tipping and buying niche products. Tesla once accepted DOGE payments, but that didn't take off. Assets lacking real application scenarios, once the hype fades, where does their value go? That's a question.

Finally, let's talk about human nature. DOGE's price movements do follow cycles: skyrocketed 158 times in 2021, then fell 90%. History is repeating in 2025. Every crash, retail investors instinctively want to buy the dip, fearing they’ll miss out. But they overlook a mathematical fact: if it drops 90%, it needs a 900% increase to break even. Just think about the difficulty of that.