The current market situation of DOGE is showing some signals worth paying attention to. In terms of technical indicators, the RSI index has dropped to the 30-40 range, approaching oversold levels, which is similar to the 70% rebound observed after the oversold condition in June this year, providing a reference for the short-term market direction.

From the MACD indicator perspective, the histogram has turned from negative to positive, while the short-term moving average and the long-term moving average are showing a golden cross trend, suggesting that bullish momentum is accumulating. It is worth noting that during the recent price decline, the trading volume has also shrunk, indicating that selling pressure is gradually weakening. If the trading volume can significantly increase in the future and the price breaks through the resistance level of $0.21, it may form a reversal signal.

On-chain data reveals some positive information. Over the past month, the holdings of large investors increased by 1 billion DOGE, bringing the total holdings to 25.97 billion. This data reflects that the main funds are strategically positioning themselves, injecting a certain level of confidence into the market.

Based on the above analysis, although the DOGE coin market is still hovering at a low level, it has already shown some positive signals. Investors can pay attention to the performance in the range of 0.197-0.20 dollars, while closely monitoring the breakthrough situation at the resistance level of 0.21 dollars. However, the cryptocurrency market carries high risks, and investors must be cautious when making decisions and fully assess their own risk tolerance.