Dogecoin $DOGE has been consolidating in a range at the daily timeframe level for a long time. My low-leverage long position is currently stuck, but I think it’s not a big problem. Based on the usual sequence of market moves, BTC and ETH typically pump first, and then it’s the turn of major coins, such as SOL and XRP. However, recently SOL and XRP have been relatively weak. So I shifted my attention to the MEME track, because in a bear-market rebound, the biggest rallies are usually among MEME coins. MEME coins have no fundamentals and are basically “air,” so they’re driven more strongly by sentiment—relatively speaking, their rebounds tend to be faster.

From a daily timeframe perspective, DOGE’s current price is close to the lower edge of the range-bound consolidation. For a small position with low leverage, the long setup offers a relatively high cost-performance ratio. Place a good stop-loss and bet on a rebound.