#DOGE# On the stage of Crypto Assets, DOGE has always been a prominent presence. Recently, DOGE has experienced some noteworthy developments.

Elon Musk once again mentioned DOGE on social media, instantly igniting market sentiment. It should be noted that Musk has a huge influence in the Crypto Assets space, and every time he speaks, it can trigger significant market fluctuations. Following this statement, the popularity of DOGE quickly surged, becoming a hot topic of discussion in the coin circle. From market data, DOGE successfully broke through a key resistance level; before the breakout, its price hovered near the resistance level, and the market was in a tug of war between bulls and bears. However, with Musk's statement and the warming market sentiment, buying pressure increased, ultimately driving the price of DOGE to successfully break through. This breakthrough attracted the attention of many investors, and many believe this could be a signal for a new round of price increases for DOGE.
The technical analysis also shows positive signals. Currently, DOGE has stabilized at the key support level of $0.16 and formed a bullish triangle pattern. The on-chain data is also impressive, with the total number of DOGE addresses breaking 83.48 million, setting a new historical high, and the activity of whale addresses has surged, indicating that large funds are positioning themselves. Based on some technical indicators, DOGE may see an increase of over 50% by 2025. On one hand, looking back at history, DOGE has experienced significant increases in several past periods, demonstrating strong growth potential; on the other hand, the current moving averages of DOGE are in a bullish arrangement, indicating a positive long-term trend for the coin price, and the RSI indicator also shows that the market is in a relatively strong state.
At the same time, Japanese energy company Remixpoint disclosed that it has purchased $3.9 million worth of XRP and DOGE as reserves, which indirectly reflects that DOGE has garnered more attention from institutions. In addition, the U.S. Securities and Exchange Commission (SEC) confirmed receipt of the Form 19b - 4 regulatory document submitted by Grayscale regarding the spot DOGE exchange-traded fund (ETF), meaning that the approval of the DOGE ETF is one step closer. If the DOGE ETF is ultimately approved, it may attract more capital inflows, further promoting the development of DOGE.