Recent on-chain data analysis of DOGE ( has revealed an interesting trend: large investors are significantly increasing their holdings. Some addresses hold hundreds of billions of DOGE, which provides strong support for the current price.

Despite the recent market pullback, enthusiasm for DOGE seems to remain strong. This sustained interest indicates that most investors still maintain an optimistic outlook on the future of DOGE.

Currently, the price of DOGE is fluctuating between $0.24 and $0.26. From a technical analysis perspective, $0.22 is considered an important support level, while $0.26 and $0.30 are key resistance levels that need to be broken.

Market analysts point out that if trading volume can significantly increase and the price successfully breaks through the resistance level of $0.30, then DOGE is very likely to continue rising towards the target price of $0.40.

However, investors should also be aware that the cryptocurrency market is highly volatile, and price movements can be influenced by a variety of factors. Although current data shows positive signs, the unpredictability of the market means that any predictions should be taken with caution.

Regardless, the performance of DOGE is still worth paying attention to, as it not only reflects its own development but also, to some extent, mirrors the trends of the entire cryptocurrency market. Over time, we will be able to see more clearly whether these trends can persist.