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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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August 11 – 20, 2025
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The cryptocurrency market is once again experiencing an exciting moment, with Dogecoin (DOGE) showing remarkable performance in the past 24 hours. A massive influx of funds has driven significant changes in the market, with approximately $200 million injected, causing the DOGE price to rise sharply by 11.2%, currently stabilizing around $0.24.
The movements of large holders behind this wave of market trends are worth paying attention to. It is reported that Bitcoin whales have already掌握了近半数的总供应量, indicating an optimistic attitude of institutional investors towards the market outlook. As selling pressure eases, market volatility may become more pronounced in the future.
From a technical analysis perspective, DOGE is expected to reach $0.26 in the short term. Bullish investors are closely watching the key resistance level at $0.28, and once it breaks through, the price could directly surge to $0.35. It is worth mentioning that the 50-day moving average has crossed above the 200-day moving average, forming a golden cross, which historically often indicates the arrival of a major market trend. Meanwhile, the relevant momentum indicators are also showing positive signals, with the Relative Strength Index (RSI) at a level of 57, indicating still some room for upward movement.
Market optimism is partly fueled by ETF-related news. The Polymarket platform shows that the probability of DOGE ETF approval is at 75%, while Bloomberg analysts have raised this probability to 90%. If the ETF is ultimately approved, it could trigger a significant rise in DOGE prices.
In the short term, investors should focus on the resistance range of $0.242 to $0.245. If successfully broken, the next target price will be $0.30. Meanwhile, $0.227 is an important support level. Overall, the market sentiment towards DOGE remains strong.
However, investors still need to be cautious, closely monitor market trends, and manage risks effectively. The high volatility of the cryptocurrency market means that situations can change rapidly, making it crucial to adjust strategies in a timely manner.