This week, DOGE has performed impressively, with a price surge of 13%, currently hovering around $0.275. Analysts point out that if it can hold above this level, the next target price may be $0.3. However, investors also need to be cautious, as a fall below $0.255 could lead to a pullback to $0.24.

Market observers remind that the fund flow index is currently in an overbought state and may face pullback pressure in the short term. Nevertheless, considering that institutional ETF applications, such as those from Grayscale, are still under review, the long-term outlook remains positive.

It is worth noting that in September, exchanges purchased a large amount of DOGE, totaling about 5.8 billion pieces, worth 1.6 billion dollars. This move may cause some selling pressure in the short term. However, at the same time, the listed company Thumzup still chose to invest 2 million dollars to buy DOGE at the current price level, demonstrating some institutional investors' confidence in its long-term value.

For investors who are interested in participating, analysts suggest waiting for the price to pull back to around $0.25 before considering entry, in order to achieve a better risk-reward ratio. At the same time, existing investors should also set reasonable stop-loss levels to avoid excessive greed.

In addition, there are other popular cryptocurrencies in the market, such as SHIB and ETH, that are also worth investors' attention. With the Federal Reserve potentially restarting its rate-cutting cycle, the cryptocurrency market may welcome a new round of upward opportunities. However, investors should keep in mind that the cryptocurrency market is highly risky and requires careful decision-making and good risk management.