Currently, the DOGE price is stable around $0.23, and short-term trends are still under observation, but several signals make people look forward to a rise:

Whales are hoarding coins madly

Since the beginning of August, whales holding over 100 million DOGE have cumulatively increased their holdings by 680 million, with an additional 2 billion coins added last week alone, valued at approximately $450 million! The whale holding volume has reached a new high for 2024, indicating that Dogecoin may be about to gain momentum.

Technical bullish signals

DOGE is forming a symmetrical triangle pattern → This pattern usually means that the price will continue to break through along the previous trend.

Currently, the price is fluctuating in the $0.238–$0.25 range, and if it breaks through the $0.25 resistance, it may directly trigger the next wave of increase.

Short-term target: first aim for $0.26; medium-term target: launch an attack towards $0.3 (an increase of about 30%).

Beginner's tip

Wait for the price to break through the upper boundary of the triangle and close two complete K-lines before considering entry; don’t be fooled by false breakouts!

The current trend leans towards bullish, but investment still requires caution.

Summary: Continuous buying by whales + bullish technical pattern + decreasing exchange supply = DOGE may welcome a key point of increase, with $0.3 potentially being the next target!