Does DCA in a choppy market make sense, or is it just 'buying the dip' with extra steps?

Been thinking a lot about the Dollar-Cost Averaging debate recently, especially with how range-bound many assets seem to be. On one hand, the premise of DCA is solid – smooth out your entry, remove emotion, avoid trying to time the market perfectly. But when you're looking at something like $LDO, which has been hovering between, say, $0.30 and $0.33 for a bit, or even $UST bouncing in its own tight channel, is DCA genuinely adding value? If the asset is essentially moving sideways, aren't you just buying near the top of the range as often as the bottom?

I get the long-term play for growth assets, but in these choppier conditions, it almost feels like DCA is just a more disciplined way to 'buy the dip' without actually waiting for a clear dip. Or perhaps it's just a less effective strategy when the dips aren't deep? I'm genuinely curious if others find themselves adjusting their DCA cadence or even pausing when an asset isn't trending strongly. Or is the whole point that you don't adjust, no matter what? Push back on this, I'm trying to get my head around it.