DOGE has indeed been oscillating recently. The price swings are due to both bearish technical signals and the diverse actions of large whales, leading to significant differences in market opinions.

Let's first look at the bearish aspects. Technical indicators are indeed looking somewhat grim—EMA 7 is below EMA 25 and EMA 99, and the MACD has also shown a bearish crossover. These signals suggest that the short to medium-term trend may continue downward, with the price struggling to hold above the key resistance level of $0.15. More concerning is that a large transfer of 500 million DOGE, worth over $65 million, has recently been moved to a centralized exchange, which on-chain is a clear signal—possibly indicating selling pressure.

However, the bears shouldn't celebrate too early. The actions of whales are also quite mixed. Recently, a large holder opened a 10x long position, indicating confidence in the future price movement. From the technical charts, DOGE's Relative Strength Index (RSI) has fallen into the oversold zone, which has historically been followed by noticeable rebounds or even reversals. Additionally, after experiencing liquidity sweeps, the price is rebounding from a demand zone, potentially laying the groundwork for a subsequent rally.

In terms of capital flow, net outflows have been quite evident over the past few hours, with large traders contributing significantly to this negative movement. Overall, DOGE is currently in a tug-of-war between bulls and bears. The technical weakness and the divergence among whales are intertwined, and the short-term trend may depend on which side can take the lead first.