In the early hours of today, Dogecoin (DOGE) showed positive market movements. From the hourly technical indicators, the MACD indicates that short positions are gradually weakening, while the RSI indicator is steadily rising and has broken through the 50 level, gradually entering the bullish zone. The price closed above the middle band of the Bollinger Bands, indicating rising momentum.

From a longer timeframe perspective, the four-hour chart also shows a bullish trend with the bullish forces dominating. After successfully stabilizing at the 0.24 USD level in the early hours, the DOGE price continues to rise steadily, and market participants are generally focused on the next resistance level around 0.246 USD.

It is worth noting that this trend occurs against the backdrop of an overall recovery in the altcoin market. At the same time, there are also reports of some large institutions increasing their holdings of Bitcoin, which may have a positive impact on the sentiment of the entire cryptocurrency market.

However, investors still need to be cautious, closely monitor market changes, and manage risks well. The cryptocurrency market is highly volatile, and price trends may change rapidly.