DOGE has recently attracted attention due to its performance, with multiple indicators suggesting it may迎来 a new round of pump. On-chain data reveals that Large Investors have bought a large amount of DOGE in a short period, with the purchase volume exceeding 310 million coins within 24 hours. Meanwhile, the DOGE reserve at exchanges continues to decrease, while the open interest in Cold Wallets has reached a new high since May. These signs indicate that large funds are actively positioning themselves.

From a technical analysis perspective, DOGE has formed a pattern known as a "golden cross," where the 50-day moving average crosses above the 200-day moving average, which is often seen as a strong bullish signal. The Relative Strength Index ( RSI ) is currently at a level of 50.6, which has not yet entered the overbought territory, indicating that there is still room for price to rise.

Market sentiment has also been boosted by news related to the DOGE ETF. According to predictions from Polymarket, the probability of the DOGE ETF being approved by the end of 2025 is as high as 75%. Several well-known institutions, including Grayscale, have already submitted related applications, which has further strengthened investor confidence.

It is worth noting that the Nasdaq-listed company BitOrigin recently invested 10 million dollars to purchase 40.5 million DOGE and plans to establish a DOGE reserve of up to 500 million dollars, which undoubtedly injects a strong dose of confidence into the market.

In the derivatives market, DOGE options trading is also showing a positive trend. Trading volume surged by 350%, and open interest increased, reflecting investors' optimism about the future trend of DOGE.

Analysts point out that if DOGE can hold the support level of $0.21-$0.23, it is very likely to replicate the previous 32% rise. Given the current multiple favorable factors, the future performance of DOGE is worth investors' close attention. However, the cryptocurrency market has always been highly volatile, and investors should remain cautious when making decisions and fully assess the risks.