The cryptocurrency market has recently experienced remarkable changes, with DOGE's performance being particularly noteworthy. Despite the absence of any significant favourable information, DOGE has achieved significant growth on its own merits.

In the past week, the price of DOGE has quietly risen by about 11%, currently stabilizing above $0.23. More notably, its 24-hour trading volume surged to $2.44 billion, reflecting strong market interest in this cryptocurrency.

From a technical analysis perspective, the performance of DOGE is encouraging. It has successfully broken through the previous range of fluctuations and has overcome the descending trend line that has existed since mid-July. This breakthrough indicates a weakening of selling pressure and an increase in bullish strength.

At the same time, the momentum indicator (RSI) is also showing positive signals, breaking through its own trend line. This indicates that the rise of DOGE is not just a short-term phenomenon, but has a sustained upward momentum.

The Ichimoku cloud indicator on the daily chart has also been broken through, and the cloud is currently providing support in the range of $0.215 to $0.227, offering a certain safety cushion for DOGE. Even if there is a slight pullback, this area is likely to become effective support.

Looking ahead, the next target price for DOGE may be around $0.241. If it can solidly break through this level, it will lay the foundation for further upward movement. After that, the $0.25-$0.26 range may become the next important resistance level.

Although DOGE has performed well in the short term, investors should remain cautious. The cryptocurrency market is highly volatile, and price trends can be influenced by various factors. It is recommended that investors fully understand the relevant risks before making any investment decisions and allocate assets reasonably based on their own risk tolerance.