Recently, the Crypto Assets market has seen significant Fluctuation, and the performance of DOGE has attracted widespread attention from investors. Currently, the trading price of DOGE is fluctuating around $0.22, down 5.46% compared to 24 hours ago, and has accumulated a fall of over 14% in the past week. From the perspective of ATH, the current price has already retraced nearly 69%, and this trend has led to differing views in the market regarding its future direction.

Despite the continuous fall in prices, some positive signs have emerged in the market. Data shows that in the past 24 hours, some large investors (commonly known as "whales") have accumulated over 130 million DOGE. This behavior of buying on dips may suggest that some investors believe the current price is attractive and hold an optimistic view on the long-term development of DOGE.

From a technical analysis perspective, DOGE is currently at a key price range. The area between $0.21 and $0.23 has become a short-term support level, while the resistance above is formed by an ascending trendline connecting recent high points, creating an ascending triangle pattern. This pattern is often seen as a potential breakout signal, but caution is also needed for possible false breakout risks.

If DOGE cannot hold the current support, it may further drop to the long-term support level of $0.20, or even $0.17. On the contrary, if it can effectively break through the direct resistance range of $0.25-$0.26, it may open up upward space towards $0.33 and even $0.40.

However, the market also faces potential pressure from the supply side. It is expected that about 95.5 million new DOGE will enter circulation, which only accounts for 0.06% of the current circulation, but it may still have some impact on short-term prices.

Overall, the future trend of DOGE remains uncertain. Investors need to closely follow market movements and weigh potential opportunities and risks. Whether considering entry or choosing to wait and see, decisions should be based on one's own investment strategy and risk tolerance.