币界网报道：Background information: Dogecoin (DOGE), as the leading meme coin, has recently failed to break through the resistance level of $0.2, and the price trend is bearish. Bitcoin (BTC) has formed a pattern of a sharp drop on Thursday or Friday, a shock on the weekend, and a recovery on Monday since May 23. It is expected that this pattern may continue to affect DOGE. Main events: DOGE price is below the 78.6% Fibonacci retracement level and may fall back to the local low of $0.17. On-chain indicators such as NVTS show that DOGE is undervalued and there are buying opportunities, but the OBV indicator shows that sellers are dominant. The change in net positions on exchanges turned negative, indicating that DOGE has flowed out of exchanges, which may be an accumulation signal, but it does not mean that prices will inevitably rise in the short term. Potential impact: Investors should be prepared for price fluctuations. It is expected that DOGE may test $0.17 again, or even fall more sharply. Investors are advised to pay attention to buying opportunities and consider adopting strategies such as fixed investment to diversify risks. In summary, DOGE is on the road to slow recovery, but price fluctuations should still be treated with caution in the short term.