DOGE has been stuck at the key level of $0.084 for a while, and often this is when clues can be seen. Let's pump it out for a comparison with history, perhaps we can determine whether this is truly the bottom or just a Rebound in the middle.

The cyclical patterns in the cryptocurrency market are actually quite obvious. Take the wave in March 2020 as an example, after DOGE plummeted, it directly made a V-shaped Rebound. The bottom formed at that time had three distinctive features: after the price crashed to a historical low, the trading volume suddenly exploded, and the signal of "increased volume and stabilization" was very clear; the number of profitable addresses on the chain dropped below 30%, and people's confidence was shaken; combined with the easing of liquidity policies, the market shot up. In contrast to now, the proportion of profitable addresses has decreased to 48%, but we are still a bit away from that extreme panic, and there is no obvious sign of increased trading volume, which is still different from the wave at the end of 2020.

Looking back at 2022, DOGE formed a "W-shaped bottom", testing the price near the key support level twice before truly stabilizing. The highlight at that time was that the RSI indicator showed a bullish divergence, the MACD crossed above the zero line, and whale addresses began to buy continuously, creating a resonance between the financial and technical aspects. Although there are similar signs in the current situation, the strength and completeness still need further observation.