Many people ask about DOGE (Dogecoin)

Many brothers are stuck in positions above 0.4,

this position was also where many influencers called the bottom for DOGE in the previous wave, and now generally people are stuck at over 25% to 30%.

Now many people are asking, what to do? Is there still an opportunity?

First, we need to clarify why DOGE rose in the previous wave? What caused DOGE to rise?

There were three factors for the rise of DOGE in the last wave:

First, the overall upward trend in early November, driven by the bullish market environment.

Second, Musk's endorsements, along with the establishment of the ZF Efficiency Department by Musk, abbreviated as D.O.G.E, which contributed to the rise.

Third, seasonality; every year there are a few waves of 'dog' season and meme season, the last wave happened in March, with sector rotation.

Among these, I believe the first and second points are the most important and are necessary conditions.

What is the current situation?

The overall market environment is oscillating downward, Bitcoin is in a downtrend, and altcoins are also in a downtrend, so the first condition is not met.

Recently, due to the hype, Musk has already made endorsements, and the market has shown opportunities for a vertical rise, but many people just got stuck and haven't cut losses, so we are currently in a phase of digesting the bubble; in the short term, it is unlikely that Musk will make another endorsement. The second condition is also not really met.

The third aspect of seasonality is also trending downward; is there any sector rotation in a downturn?

Therefore, my personal opinion is that in the short term, it's not very realistic for Dogecoin to return above 0.4, as a market rebound is very possible, but it's a bit difficult to help you break even all at once. My personal suggestion is to switch positions. Switch to leading coins in other sectors, or coins that are at the bottom with relatively less upward movement. Switch to coins with star effects, in the same sector, that are being watched by big players.