Analysts note that if $DOGE breaks above the current resistance at $0.44, its price could head toward $0.50. However, if the price falls below the key support level at $0.29, it may trigger a further pullback. (Related supplement: Arthur Hayes: Bitcoin will reach 250,000 by the end of 2025! Dogecoin looks at 1 US dollar) (Related supplement: Musk posted a Dogecoin meme, DOGE jumped, helping Trump to build momentum and shouted: at least 2 trillion US Dollar Federal Budget) This article is a widely edited article, written and provided by Pepe Unchained. It does not represent the position of Dongzhi. This article involves tokens related to Memecoins, which may have extremely high volatility risks, and is not investment advice. See the liability warning at the end of the article for details. The recent price of Dogecoin ($DOGE) has corrected 15% from a three-year high of $0.44 on November 12, and has since steadily recovered to $0.40. On-chain data analysis shows that selling pressure dropped by 95%, with a significant reduction in selling activity by long-term holders, providing impetus for the price rebound. Santiment’s consumption age indicator shows that long-term holding of Dogecoin is reducing the circulation, a development that helps boost market confidence. Combined with the signal that the volume weighted average price (VWAP) is below the market price, short-term demand is growing rapidly, pushing prices further upwards. Analysts note that if $DOGE breaks above the current resistance at $0.44, its price could head toward $0.50. However, if the price falls below the key support level of $0.29, it may trigger a further pullback. Dogecoin’s recovery is not only supported by technical analysis signals, but also driven by the market. For example, Trump announced that EMASCO may participate in the government project "DOGE", which further stimulated the market's optimism about $DOGE. However, analysts also cautioned investors about potential risks. While selling pressure is currently diminishing, market volatility may still have an impact on price movements. In particular, the loss of key support levels may have an impact on the current bullish sentiment. Current status and challenges of the meme currency market According to CoinGecko data, the total market value of the meme currency market has exceeded US$120 billion. Solana-based meme coins such as Bonk ($BONK), Peanut the Squirrel ($PNUT), and Goatseus Maximus ($GOAT) have performed well and attracted a large number of investors. Among them, $BONK’s daily trading volume has exceeded $1.9 billion. Although the meme currency market is full of opportunities, its high volatility and lack of practical application scenarios also bring potential risks to investors. Especially when the speculative craze subsides, some meme coins may face severe price fluctuations. The new meme currency project Pepe Unchained said it is trying to occupy a place in the meme currency market with its innovative technology and ecosystem. But for investors, the key is to carefully assess risks and formulate appropriate investment strategies. The Pepe Unchained team claims that the project raised over $40 million during the ICO stage. Note: This article involves tokens related to Memecoins, which may have extremely high risks of volatility. It is not investment advice. Editor's disclaimer: The content of this article is a publicity manuscript provided by the contributor. The contributor has no relationship with Dongzhong. This article does not represent the position of the dynamic zone. This article is not intended to provide any investment, asset advice or legal advice and should not be considered an offer to buy, sell or hold assets. Any services, solutions or tools mentioned in Guangxuan manuscripts are for reference only, and the final actual content or rules are subject to the announcement or explanation of the contributor. Dongguan is not responsible for any possible risks or losses and reminds readers to proceed. Be sure to check carefully before making any decisions or actions. Related reports Musk's "underground tunnel" boring company accepts Dogecoin payment, DOGE jumped 12% to hit a three-and-a-half-year high. News) Musk's voice leaked, "I have a lot of Dogecoin DOGE!" SpaceX also has a lot of Bitcoin Doge Coin becomes the 6th largest cryptocurrency! "Target 1U", will DOGE replicate the increase in 2021? $PEPE surges 90%! Coinbase and Robinhood are listed simultaneously, and the market value of Peppa Frog officially exceeds 10 billion U.S. dollars. "Musk's participation in the U.S. government project "DOGE" may stimulate Dogecoin to break through the resistance target of $0.5." This article was first published on BlockTempo Trend - the most influential blockchain news media).

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