Recently, the cryptocurrency market has once again experienced fluctuations, with the price of DOGE experiencing a noticeable decline after a brief rebound. However, the active operations of large funds may indicate a potential turning point in the market.

Currently, the price of DOGE has fallen by more than 5.46%, mainly affected by the macro environment and the failure to break through the key resistance level of $0.25. A liquidation amount of up to $16.53 million and increasing market volatility have put significant pressure on DOGE.

It is worth noting that during the price decline, large capital investors accumulated over $130 million worth of DOGE tokens. This phenomenon has sparked speculation in the market about future trends.

From a technical analysis perspective, DOGE is currently maintaining above the key demand range of $0.21 to $0.23, which has turned into short-term support. The market has formed an ascending triangle pattern, with a series of higher highs connecting to form the resistance trend line.

If DOGE fails to break through this trend line, the price may retrace to $0.20, or even test the long-term support level of $0.17. Conversely, if it can break through the direct resistance area of $0.25-$0.26, DOGE is expected to rise further to $0.33, or even challenge the high of $0.40.

Despite the downward pressure DOGE faces in the short term, the active entry of large capital investors may indicate a potential shift in market sentiment. Investors should closely monitor the macroeconomic situation and the movements of large capital, weighing risks against opportunities. At the same time, it is important to be aware of the high volatility in the encryption market, make cautious decisions, and allocate assets wisely.