The cryptocurrency market is always full of surprises, and DOGE seems to be brewing a new round of astonishing performance. Although many still see DOGE as a joke, market data shows that some investors have quietly started positioning themselves.

Currently, the price of DOGE is hovering around $0.23, with a recent increase of 6% and a significant rise in trading volume. From a technical perspective, DOGE has steadily climbed above several key moving averages, with the 50-day moving average about to break above the 200-day moving average, forming a bullish signal known as a "golden cross." This technical pattern was seen in November 2024, after which DOGE experienced a massive increase of 227%.

In the short term, the market is closely watching the key resistance range of $0.25 to $0.27. If DOGE can break through $0.25, it is likely to further rise to $0.27. In the medium term, if it can stabilize at $0.27, the next target range may be $0.35 to $0.42, and there is even the possibility of hitting the $1 mark. However, investors also need to be wary of potential downside risks; if the price falls below the support level of $0.20, it may retrace to the range of $0.16 to $0.17.

The expectation for a significant rise in DOGE is mainly based on the following factors: First, although Musk has been relatively low-key recently, his X payment system may integrate DOGE, and Tesla is still accepting DOGE as a payment method. Second, there is a high expectation in the market for the approval of a DOGE ETF, which, if successful, could attract a large amount of new capital. Finally, recently, large investors have been buying a substantial amount of DOGE, and institutional investors are also starting to position themselves, all of which could drive the price up.

For those interested in investing in DOGE, different strategies can be chosen based on their risk tolerance. Relatively conservative investors may wait for the price to break 0.25 USD before considering entry, with a target price set at 0.35 USD, while setting 0.20 USD as a stop-loss point. On the other hand, risk-tolerant investors might choose to buy in batches at the current price of around 0.24 USD, using 0.20 USD as a stop-loss point, while anticipating that the price could reach a long-term target of 1 USD.

Regardless, the price trend of DOGE often goes through a process of skepticism, madness, and then regret. Investors should carefully assess their risk tolerance while closely monitoring market movements to make informed investment decisions.