Dogecoin (DOGE) has recently undergone a price adjustment, with the current trading price falling below $0.23, down about 16% from last week. However, some market analysts believe that this may just be a short-term fluctuation and does not affect its long-term upward trend.

Technical analysis shows that DOGE is still within a potential breakout range. Although recent trading volume has slightly decreased, the average daily transaction amount remains around $3.4 billion, showing significant growth compared to before. This indicates that market participation is still high and investor interest has not waned.

Since hitting the bottom last October, the price trend of DOGE has shown what some technical analysts refer to as a "bullish pattern." If this pattern is confirmed, it could indicate a significant rise in prices in the future. However, investors should be aware that the cryptocurrency market is highly volatile, and any predictions come with uncertainties.

Recently, there have been signs of large-scale buying in the market. According to reports, approximately 1.08 billion DOGE were purchased in large transactions over the past 48 hours, worth about $250 million. This large-scale buying behavior may reflect some investors' confidence in the current price levels.

Regarding the future trend of DOGE, some analysts have provided timeline predictions: a rebound is expected by the end of July, a test of new resistance levels is anticipated in mid-August, and more significant price movements may occur in the fourth quarter of this year.

However, investors should keep in mind that the cryptocurrency market is highly volatile and unpredictable. While some indicators may show positive signals, there are always risks in the market. Investors should conduct thorough research and consider their own risk tolerance before making any investment decisions.