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🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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DOGE is once again making a push towards the $0.30 mark, marking the third attempt this year. Despite facing obstacles repeatedly, DOGE has firmly held the key support level of $0.22 and continues to operate within its long-term rise channel over the past 11 years, demonstrating strong resilience.
From a technical perspective, the momentum indicator MACD remains positive, while the Relative Strength Index (RSI) has retreated from the overbought zone, indicating a cooling of short-term buying pressure, but the overall trend still leans towards bullish. It is worth noting that historical data shows that after multiple tests of resistance, if a breakout occurs with increased volume, it often triggers a rapid rise.
The long-term structure of DOGE shows remarkable robustness. Since 2014, its price has been operating within a rising channel, with no signs of breaking down to date. In addition, DOGE has a large user base and significant public influence, reflecting strong community consensus. The gradual warming of market sentiment has also provided a favorable environment for DOGE, with multiple rebounds able to maintain support at high levels, demonstrating strong capital support.
For investors, a breakthrough at $0.30 will be an important observation point. If this key resistance level can be successfully breached, the short-term target price may rise to the range of $0.36 to $0.40. However, investors should proceed with caution, closely monitor market trends, and manage risks effectively.
Against the backdrop of a positive trend in the entire cryptocurrency market, the performance of DOGE is worth continuous attention. Market participants should remain vigilant and pay attention to various factors that may affect the price movement of DOGE, including but not limited to overall market trends, changes in the regulatory environment, and the behavior of large investors.