Currently, DOGE has a support level around $0.212, recently, a large holder accumulated 1 billion DOGE, keeping the price fluctuating between $0.21 and $0.22, and has drawn a 'bull flag' pattern indicating a potential rise. If it breaks out, it may reach $0.35. If it breaks through $0.22, it could trigger automatic buy orders, pushing straight towards $0.4. Golden Cross: The 50-day moving average has just surpassed the long-term 200-day moving average, which is a classic bullish signal, indicating that a rapid increase may be forthcoming. Fibonacci Retracement: DOGE has been fluctuating between $0.1475 and $0.2195. Once it breaks through $0.2195, it may start a new wave of market activity.
Whale Accumulation: In the past month, large holders owning over 1,000 DOGE have been aggressively increasing their positions, totaling 25.97 billion DOGE, indicating they believe it is cheap and selling pressure is low. Price Too Cheap: The 'real value' of DOGE is 37% higher than the market price (MVRV ratio). Historically, such conditions often lead to explosive growth.
Market sentiment is overwhelmingly positive, riding the wave. ETF Expectations: Bloomberg reports that there is an 80% chance that the ETF institutional entry tool for DOGE will be approved by the end of 2025. If it happens, it could attract tens of billions in funds, pushing the market cap to $50-$100 billion. The DOGE community is particularly active now; if Musk tweets or lets Tesla support DOGE, the price could soar instantly. Correlation with Bitcoin: DOGE and Bitcoin's price movements are generally synchronized. If Bitcoin stabilizes above $100,000, DOGE may break through the $0.2-$0.3 range.
The cycle and risk are rising sharply, but be careful of changes. DOGE has completed its third rise and fall cycle. According to historical experience, after a breakout, it may surge sharply in a short time. With expectations of the Federal Reserve cutting interest rates, money may flow into high-risk assets like DOGE, but if the U.S. stock market crashes, the crypto market will also suffer.