DOGE's volume has surged recently, with a Trading Volume rise of 83%, but the price has dropped by 11%, which makes this data quite suspicious.

But looking at it from the perspective of moon, it makes sense: DOGE is currently correcting its price and will rise to $1 within a year.
The current "bearish" sentiment is a tactic by the whale to manipulate the market by shorting to eliminate some of the long positions, creating panic in the market, causing those who haven't been liquidated and some spot traders to feel anxious, making them unable to resist cutting losses and fleeing.
After the washout ends, it will be a crazy pump.
In addition, Musk recently seems to have a strong sentiment to re-enter the cryptocurrency market.
DOGE has always been Musk's "dog".
Once the washout is almost complete, Musk will influence the market with public opinion again, and DOGE could potentially recreate the "ten-thousand times" myth of the past.
But a rise of 10 times or 8 times is still not a problem.
In extreme cases, a rise of 20 times is not impossible.
So the best strategy now is: short-term bearish, long-term bullish, value investment just hold steady, DOGE is the "meme pioneer", its status in the community is on par with BTC.
But the market values of these two are hundreds or thousands of times apart, DOGE has huge potential and is more reliable than all the altcoins on the market. #今日你看涨还是看跌？