Recently, DOGE has been fluctuating around $0.28, sparking speculation in the market about whether it has reached its peak. However, looking at DOGE's historical trends, the massive rise from $0.05 to $0.48 indicates that the current adjustment is merely a normal phenomenon of high-level consolidation, far from reaching the true peak.

From a short-term perspective, DOGE has shown a rebound trend, with the support level at $0.22 demonstrating strong stability, while funds continue to flow in. It is worth noting that since the beginning of this year, the cumulative rise of DOGE has reached 1.7 times, which is remarkable. The market generally believes that any positive signals from Tesla CEO Elon Musk or the DOGE community could trigger a rapid increase in the coin price.

Currently, $0.30 is regarded as a key price level for DOGE. If it can solidly break through this level, there is a possibility of directly challenging the $1 barrier. For investors who have not yet participated, now may be a worthwhile entry point to consider.

However, it is important to remind that the cryptocurrency market is fraught with both risks and opportunities. Investors should fully assess their risk tolerance and act cautiously when making decisions. At the same time, continuously monitoring market dynamics, technological developments, and changes in the regulatory environment is crucial for grasping the future trends of DOGE.