2026-01-16 19:27:09

Dogecoin's recent market trend has been a bit complicated. The price is falling, the ecosystem is growing, and investors' sentiments are quite conflicted—some are bearish, while others are accumulating.

First, let's talk about the bad news. Capital is flowing out, roughly around 33.8 million USDT, with large investors dumping. The technical outlook is also not optimistic; the price has been consistently below the moving averages, with a confirmed negative MACD, indicating that the overall trend remains bearish. Especially, the Parabolic SAR resistance at $0.257 makes it difficult to break through.

However, there are also bright spots. Dogecoin has formed new strategic partnerships with Japan, mainly focusing on RWA (Real-World Assets) and compliant digital infrastructure, announced only on January 8th. This suggests that the ecosystem is moving from speculation to actual implementation.

Even more interesting is that the 6-period RSI has dropped to 8.26, a level indicating the market is deeply oversold. From a technical perspective, such extreme conditions often trigger rebounds. Additionally, some on-chain analysts believe we are in a long-term accumulation phase, and the key support levels are not far away.

In short, there is indeed short-term pressure, but the long-term story is far from over. The key is whether the ecosystem expansion can help regain market enthusiasm.

DOGE1,87%

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MevShadowranger

· 20h ago

RSI is already at 8.26, which means buy, so why are you still bearish? --- Japanese RWA collaboration sounds good, but price speaks for itself, and it's still being hammered down. --- The big whale dumped 33.8 million, how little do they think of dogs haha. --- The technicals are indeed terrible, but this extreme oversold condition actually makes me excited. --- The long-term story isn't over, but the key is still having the funds to support it. --- Both ecosystem and compliance, but how many can survive this round? --- The resistance at $0.257 is so strong, when will it break? --- The group stocking up bets right, they can just sit back and win. I'm still hesitating. --- If this wave of Japanese cooperation really materializes, it could be a turning point. --- MACD has been in negative territory for so long, when will it turn around?

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AirdropHunter9000

· 20h ago

The Japan partnership is real, but the selling pressure is also significant. Whether this wave can rebound depends on subsequent news developments.

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MysteryBoxOpener

· 20h ago

Is the RSI already at 8.26? This rebound window is probably getting closer and closer; it all depends on when the big players will stop dumping.

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ProveMyZK

· 21h ago

Japan's collaboration in this area is indeed substantial, but such a heavy dump really can't be sustained.

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AirdropHermit

· 21h ago

Can Japan's cooperation news really save the situation? It feels like just another pie-in-the-sky promise. RSI is already at 8.26 and still falling; the bottom hasn't been confirmed yet. Big players dumping the market, and the guys holding inventory still need to wait a bit longer. Ecological implementation is a good thing, but the coin price still depends on market sentiment. The rebound should have come earlier; why are we only hearing about it now? This market feels a bit dull; it depends on whether it can break through 0.257 to be meaningful.

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