$DOGE has indeed performed very strongly this week, but we also need to discuss whether it is likely to fall back. Recently, people have been very enthusiastic about buying DOGE, but after such a rapid rise, the market may need a period of adjustment to give investors who bought early a chance to take profits.

Judging from some technical indicators, DOGE seems to have exceeded the normal range and showed signs of "overbought". It has broken through the key resistance level of $0.128, and the next target may be around $0.15.

Data shows that on Thursday, a large amount of funds flowed into $DOGE , with an inflow of 11.7 billion and an amount of $640 million. This shows that although the price has been rising, investors' willingness to buy remains strong.

However, not everyone chooses to hold DOGE for the long term. Some large holders and volatile traders have begun to sell after taking profits, but their shares have been taken over by retail investors. Retail investors' holdings have increased from 8.75 billion to 10.74 billion, showing their enthusiasm for DOGE.

In general, the current situation of DOGE is that some large investors have withdrawn after making profits, but the purchasing power of retail investors is strong and has been supporting the price of $DOGE . If large investors stop buying, DOGE may lose the momentum to rise. However, these observations also show that the confidence of DOGE holders is increasing as we enter the fourth quarter of 2024.

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