Regarding whether Dogecoin (DOGE) is about to surge and its historical signals, here is my analysis:

1. Current Market Dynamics

• The trading price of DOGE is $0.3167, down 1.43% in the past 24 hours and down 21.23% over the past week.

• The market capitalization is $46.66 billion, with a 24-hour trading volume of $4.37 billion.

• Dogecoin's network activity shows a significant increase, with both the total number of active addresses and the number of new addresses rising, and active addresses have grown by 111.32% over the past week.

2. Historical Trends and Cyclical Analysis

• Dogecoin has consistently exhibited significant cyclical fluctuations.

• 2021: It increased by 476%, retraced by 56%, and then experienced a surge of 12,000%.

• 2024: It climbed from $0.065 to $0.39547, retracing by 46%, and this repeated pattern suggests a potential strong rebound.

3. Support and Resistance Levels

• DOGE is currently still within its long-term logarithmic price channel.

• Support levels are between $0.065 and $0.19~$0.20.

• Resistance levels are $0.39547 and the historical high of $0.73665 from 2021.

4. Analysis of Surge Potential

• Social Media: Dogecoin has gained widespread dissemination on social media, with public support and frequent interactions from celebrities like Elon Musk enhancing its visibility and investor interest.

• Technological Innovations: Dogecoin has upgraded and optimized its underlying blockchain architecture, improving transaction speed and network stability, while reducing transaction costs; application scenarios are also increasingly rich.

• Merchant Acceptance: An increasing number of merchants are starting to accept Dogecoin as a payment method, providing strong backing for the popularization and value recognition of Dogecoin.

However, it is important to note that while historical signals and market dynamics indicate the possibility of a surge in Dogecoin, the cryptocurrency market itself is highly volatile and uncertain. Therefore, investors should fully consider market risks when making decisions, carefully assess their risk tolerance, and rationally view the expectations for Dogecoin's surge. Recently, I have been observing the primary market in the crypto space and feel that the Musk puppies on the Ethereum chain have significant market potential, and their future development potential is enormous, possibly having the opportunity to become the next striking crypto asset like Shiba Inu.