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DOGE has recently returned to the historical "buying zone," an area that triggered significant rises in both 2017 and 2021, and it seems to be gaining some "momentum" again. Currently, the price of DOGE is stabilizing around $0.23, which is right in the "accumulation zone" as mentioned by analysts in the encryption circle. This means that in the coming months, we may see a new high.
Currently, the RSI index of DOGE is at 60, not yet entering the overbought zone, still having room for a pump. Moreover, the price is steadily above the 50-day and 100-day moving averages, further supporting its medium-term bullish signal. Don't forget, the trading volume of DOGE is also stable at around $2.3 billion, with investor enthusiasm remaining strong.
If the historical pattern continues, DOGE may once again experience a surge—just like in 2017 and 2021, when it saw increases of 140% to 230%. This usually occurs after breaking out of a descending triangle consolidation, followed by a price drop and rebound, leading to a violent pump.
If you are interested in DOGE, it might be time to pay attention to its trends – perhaps the next wave of "DOGE fever" is about to come.