Recently, the darling of the crypto assets market, DOGE, seems to have lost its former glory. Since reaching a high of $0.29 in mid-July, DOGE's price movement has resembled a weary Shiba Inu, beginning a slow but steady decline. Currently, the key psychological support level of $0.20 is on shaky ground, and investors can't help but start to worry.

From a technical perspective, the price movement of DOGE is concerning. The 50-day and 200-day moving averages crossed at $0.213, creating a strong resistance area. The recent price drop is being blocked in this zone, with no signs of a rebound. Today, it has declined another 3%, and market sentiment is clearly not optimistic. Trading volume continues to shrink, highs are gradually decreasing, and the Relative Strength Index (RSI) has fallen to 51, indicating a serious lack of rebound momentum.

If DOGE falls below the 0.20 USD level, it will face a more severe test. This psychological support level may turn into new resistance, making it more difficult for the price to return to this level. The next support levels are at 0.19 USD (100-day moving average) and 0.175 USD (strong support zone). If these key positions are breached, it could trigger a new wave of panic selling.

For investors looking to bottom-fish, the professional advice is to be patient. The true bottom may not have arrived yet. It may be necessary to wait until the RSI enters the oversold zone (below 30) and a clear reversal candlestick pattern (such as a hammer or engulfing candle) appears before considering entry.

In the Crypto Assets market, one should avoid being blindly lured by low prices to enter the market. The current movement of DOGE resembles a market dominated by bears, and chasing the highs recklessly may pose significant risks. Investors should act cautiously, manage risks well, and wait for clearer market signals before making decisions.

Despite the current difficulties faced by DOGE, the Crypto Assets market is ever-changing, and the future price movement remains full of uncertainties. Investors need to stay calm, continuously monitor market trends and fundamental changes, and make rational investment decisions.