Recently, a striking phenomenon has emerged in the cryptocurrency market: the quantity of DOGE in exchange is significantly decreasing. On-chain data analysis reveals that approximately $23 million worth of DOGE has flowed out of exchanges, a trend interpreted by market analysts as a signal that large investors (commonly known as "whales") are increasing their holdings.

This funding flow model may have a significant impact on the market dynamics of DOGE. As the available supply of DOGE on the exchange decreases, sell pressure will naturally decline. If buying demand increases, this supply-demand imbalance may drive up the price of DOGE.

From a technical analysis perspective, DOGE has been operating within an upward channel since summer. This week, the DOGE price rebounded for the fourth time at the trendline support level, demonstrating a relatively stable trend. The momentum indicators are also showing positive signals, with the relative strength index (RSI) on the hourly chart being at a neutral to slightly bullish level, while the On-Balance Volume (OBV) indicator shows an upward trend, indicating that some investors are buying at lower levels.

Considering the continuous decline in exchange reserves and the apparent steady increase in positions among large holders, market observers predict that DOGE may perform strongly in the fourth quarter. Notably, historical data shows that this quarter is typically the most active period for DOGE.

However, investors should bear in mind that the cryptocurrency market is highly volatile, and any investment decision should be based on comprehensive market research and personal risk assessment. Although current indicators appear to be favorable, there is still uncertainty in market trends, and one needs to remain vigilant and rational.