The recent trend of DOGE coin has attracted attention. From a long-term perspective, DOGE has experienced a deep pullback since its peak last December, with the price dropping to $0.13. However, the current market trend seems to be shifting, suggesting that a rebound may be on the horizon.

Analysts predict that DOGE's first upward target may be around $0.3, which corresponds to the 0.5 level of the Fibonacci pullback. If it can break through this key resistance level, there may be more room for upward movement in the future.

In the short term, DOGE is in a converging triangle pattern. This phenomenon of gradually narrowing price fluctuation range usually indicates an impending breakthrough market trend. Market participants should closely follow the development of this pattern, as it may signal the arrival of significant price volatility.

It is worth noting that the cryptocurrency market has always been highly volatile, and investors should conduct thorough research and risk assessments before making any decisions. Although technical analysis can provide some market insights, external factors such as regulatory policies and the macroeconomic environment can also have a significant impact on prices.

As the market situation continues to evolve, investors should remain vigilant and adjust their strategies as needed. Whether holding long-term or engaging in short-term trading, a clear risk management plan is essential. In this rapidly changing cryptocurrency world, it is crucial to stay calm and rational.