Recently, the focus of the Crypto Assets market has once again shifted to DOGE. Currently, the trading price of DOGE is fluctuating around 0.204 dollars, while on-chain data reveals an interesting phenomenon: large capital investors are accumulating by buying low.

In the past day, large holders have collectively bought over 1 billion DOGE, which has sparked various speculations in the market. Analysts believe that these investment whales may consider the current price level to have investment value, but whether this strategy can succeed will require time to verify.

From a technical analysis perspective, the Relative Strength Index (RSI) on the 4-hour chart has rebounded from the oversold region to close to neutral at 47, providing an opportunity for the bulls to regain control of the market. Although the upward momentum after breaking the wedge pattern has weakened, the previous resistance level has now turned into a support level, laying the groundwork for future price movements.

However, the market is not entirely optimistic. The MACD indicator is close to forming a death cross and is running closely to the signal line, suggesting that the current support may not be strong enough. In this case, the price of DOGE may pull back to $0.19. However, if it can stabilize and rebound at this level, it could form a double bottom pattern, providing stronger support for a potential reversal in the future.

Currently, the upward momentum shows a certain degree of sustainability. If this trend can be maintained, DOGE is expected to break through the $0.25 mark, which could represent an increase of about 24% compared to the current price. If $0.25 can successfully convert into a new support level, the price may further rise to the high of $0.2875 in mid-July, with a potential increase of 38%, creating favorable conditions for the continuation of the bull market.

It is worth noting that, similar to the last time the RSI reached 30, the accumulation of momentum may take about a month. Considering that DOGE is digesting the impact of the new U.S. tariff policy on over 90 countries, August may continue to show a consolidation trend.

In this uncertain market environment, investors need to remain cautious, closely follow market trends and macroeconomic factors, and make informed investment decisions.