And I fear that Allah will punish me for a sin,

Recently, friends who have been watching the market may have noticed that the trend of DOGE has been a bit "weird" these days. The price seems to be held up in mid-air by an invisible hand, moving neither up nor down, and has been consolidating sideways into almost a straight line. This kind of trend, while appearing calm, often hides considerable risks—especially at the current position.

From the data, DOGE is currently fluctuating around 0.132 USDT, with very small fluctuations within 24 hours, peaking at 0.1354 and dipping to 0.1306, while the trading volume remains relatively stable. In terms of technical indicators, the 7-period EMA is still above the 25-period and 99-period, maintaining a bullish arrangement, but the short-term moving averages have started to flatten out, and the MACD is hovering near the zero line, lacking a clear direction. This sideways movement resembles neither a build-up for an upward attack nor a decisive drop; instead, it feels like a "mutual pause between bulls and bears."

Why is this position considered dangerous? Because the longer it moves sideways, the heavier the accumulated positions become, with both bulls and bears waiting for a breakout signal. Once the price chooses a direction, whether up or down, it could trigger extreme volatility, leading to a large number of leveraged positions being forcibly liquidated – what we commonly refer to as a "double kill" for bulls and bears. This seemingly stable trend right now resembles "holding back a big move," and the main capital might be waiting for the right moment to wipe out the stop-loss orders on both sides.

Of course, the fundamentals of DOGE are not without support. Recently, there have been quite a few moves at the institutional level, such as Grayscale and 21Shares launching regulated ETFs, and Coinbase listing perpetual contracts, all of which are expanding the institutional access channels for DOGE. Projects like "House of Doge" are also promoting the implementation of payment scenarios, planning to launch a treasury system and debit cards, attempting to push DOGE from a "meme coin" to a "utility coin." These developments may be the reason why the price has not significantly dropped—there is always capital supporting it at critical positions.

However, the battlefield for meme coins has never lacked new players. Although community sentiment is high, competition is also intensifying. Moreover, the technical indicators have subtly signaled a pullback, with short-term moving averages flattening and trading volume not significantly increasing, suggesting that upward momentum seems insufficient.

So, if you have a heavy position, you need to be especially vigilant during this period. Sideways is not a rest, but the calm before the storm. Control your position well, set your stop-loss, and don't get swept away when the direction is chosen. $DOGE #本周宏观聚焦美联储主席人选 #2025Gate年度账单 #加密市场小幅回暖 #Gate社区圣诞氛围感 #美股圣诞行情开启