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DOGE has experienced a strong rise in July, but recently its price has fallen, in line with the overall trend of the Crypto Assets market. Although short positions have temporarily gained the upper hand, causing the price to drop below the key level of $0.2, investors generally maintain an optimistic attitude, believing this is just a short-term adjustment.
Crypto Assets analyst KrissPax pointed out that although DOGE prices have fallen, they still maintain a bullish pattern. Currently, this internet meme coin is retesting the support level that previously triggered a significant rise. KrissPax expects that DOGE's 4-hour relative strength index (RSI) may drop below 30 again, and historical data shows that this is usually a precursor to a rebound.
It is worth noting that the last time the RSI fell below 30 was in June 2025, after which the price rebounded by more than 70% within a month. At that time, the trading price of DOGE was around $0.14, while the low point in this adjustment is around $0.2, indicating a higher support level. This phenomenon of 'higher lows' often suggests that 'higher highs' may occur in the future.
Despite potential fluctuations in the short term, long-term investors remain optimistic about the prospects of DOGE. Market participants are closely monitoring technical indicators and changes in the broader environment to seize potential investment opportunities.
However, investors should bear in mind the inherent high volatility and uncertainty of the Crypto Assets market. It is advisable to conduct thorough research and risk assessment before making any investment decisions. DOGE, as a high-risk asset, has its price movements influenced not only by technical factors but also closely related to market sentiment and external factors.
As the Crypto Assets industry continues to develop, the future performance of DOGE will continue to attract market attention. Whether investors or observers, all will closely watch the price dynamics of this unique digital asset and its evolving role in the broader Crypto Assets ecosystem.