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Recently, the Crypto Assets market has experienced fluctuations again, with the price of DOGE, which has attracted much attention, also not being spared. The latest data shows that the DOGE price has fallen to $0.23, putting certain pressure on the entire digital asset field. However, observed over different time scales, the performance of DOGE shows a clear divergence trend.
Despite a 16% fall this week, DOGE still maintains a strong upward momentum from a monthly and annual perspective. Data shows that DOGE has increased by 44% over the past month and achieved an 80% increase over the past year, demonstrating its long-term growth potential.
Market analysts hold a cautiously optimistic view on the future trend of DOGE. Some believe that after forming a double bottom pattern, DOGE may experience a rebound, with hopes of breaking through the key level of 0.46 USD. However, the realization of this prediction still requires DOGE to regain stability at the support level of 0.26 USD.
From a technical perspective, DOGE still has the potential for an upward movement. Earlier this month, DOGE broke through the bullish triangle flag pattern. Although the current price has retreated, it remains above the upper limit of this pattern, which is seen as a signal that it is still in the breakout phase. Meanwhile, the Relative Strength Index (RSI) remains above 50, and the Moving Average Convergence Divergence (MACD) is also in the positive range. These technical indicators provide support for DOGE's future performance.
It is worth noting that although the trading volume of DOGE has decreased compared to last week, it is still at a level of 3.4 billion USD, which is an increase of more than 500% compared to a month ago. In addition, several recent large transactions also indicate that the market demand for DOGE is increasing, providing positive signals for its future development.
Considering various factors, analysts expect the price of DOGE to rebound to around $0.250 in the coming weeks. However, investors should remain cautious and closely follow market trends to assess risks appropriately.