DOGE ($DOGE), as an emotion-driven encryption currency, is closely related to the trends of mainstream digital assets. When mainstream coins experience significant fluctuations, DOGE typically follows suit. However, if mainstream coins enter a consolidation phase, the outlook for DOGE becomes more uncertain.

In the absence of positive news, the market may experience a series of small fluctuations due to the high proportion of retail investors. In this situation, psychological factors will play a key role for investors. Once panic spreads, it may trigger a wave of selling, leading to a decline in prices.

Currently, the price of DOGE is hovering around $0.23. If there are no positive news or improvements in the overall market atmosphere in the short term, DOGE may face further downside risks. Investors may consider looking for entry opportunities when the price drops below $0.21.

It is worth noting that the release of news related to Ethereum Classic (ETC) may have a positive impact on DOGE. Such news has the potential to trigger a strong upward trend, bringing new opportunities for investors.

In this market environment, investors should closely monitor market trends while maintaining rationality and patience. Understanding and grasping changes in market sentiment may be more important than simply relying on technical analysis. Whether choosing to wait and see or to participate in trading, it is essential to fully assess risks and manage funds properly.