2026-01-17 03:29:41

Dogecoin's recent trend is indeed testing investors' patience. On one side, prices are under pressure; on the other, the ecosystem is steadily expanding, creating a stark contradiction.

From a technical perspective, the outlook is not very optimistic. Net capital outflows have reached approximately 33.8 million USDT, with clear signs of large holders offloading. The candlestick chart continues to operate below the moving averages, MACD has turned negative, and the bearish momentum persists. The Parabolic SAR indicates a resistance level at $0.257, and breaking through this barrier is not an easy task.

However, there is an interesting detail— the 6-period RSI has already fallen to 8.26, which indicates that the market is in a deeply oversold state. From a technical standpoint, extreme overselling often signals that a rebound opportunity is near. Some on-chain data analysts believe that this stage is characterized by long-term accumulation, and the key support levels are not far away.

What’s more worth noting is the actions on the ecosystem side. Recently, Dogecoin reached a strategic partnership with Japan, mainly focusing on RWA (Real-World Asset Tokenization) and compliant digital infrastructure. This was officially announced on January 8. This shows that the ecosystem is not just hollow concept hype but is actively laying the groundwork.

Ultimately, there are indeed many short-term pressures to digest, but the long-term story is far from over. The key is whether this wave of ecosystem expansion can reignite market enthusiasm, which will be crucial in determining the trend.

DOGE-1,79%

RWA-4,2%

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WealthCoffee

· 5h ago

Is the cooperation in Japan real, or is it just another wave of rug pull information?

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digital_archaeologist

· 5h ago

Wait, RSI drops to 8.26? Isn't that a buy signal? When big players are selling off, it's actually our opportunity to get in.

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BloodInStreets

· 5h ago

RSI 8.26, this number looks really comfortable. To put it nicely, it's called oversold; to be blunt, it's the last shot before bottoming out. Blood shares are either a total loss or a resurrection. It all depends on whether you dare to gamble.

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IfIWereOnChain

· 5h ago

RSI dropped to 8.26, really incredible. If this rebound comes, it will be awesome.

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ThesisInvestor

· 5h ago

Oversold to 8.26 is indeed outrageous, but big players are still dumping, and whether this rebound is reliable or not is really hard to say. --- The cooperation with Japan sounds good, but I'm just worried it’s another empty promise. We need to see real progress with actual funds. --- The price can't break below 0.257. No matter how good the ecosystem story sounds, it's useless. Let's wait and see. --- With RSI so extreme, there should be a rebound opportunity, but right now, few are willing to buy in, as capital outflows are too fierce. --- Building the ecosystem is one thing, but in the short term, you're just trapped. Who still has the energy to think long-term? --- Outflow of 33.8 million USDT. This isn't just accumulation of chips; someone is running away. --- In my opinion, instead of waiting for the ecosystem to ignite the market, it's better to wait for big players to lay their chips properly before moving. Entering now is just a freebie. --- The news of strategic cooperation with Japan should have already sparked a wave, but it's still so sluggish, indicating the market simply doesn't buy it. --- Deep oversold conditions look like many opportunities, but often, oversold can continue to oversell. Technical analysis can be so tricky.

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