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Recently, the Crypto Assets market has shown some interesting trends, especially the performance of DOGE, which is particularly eye-catching. Last week, the price of DOGE rose significantly by 35%, breaking through the 0.3 dollar mark, which has excited many investors.
After several months of consolidation, DOGE has finally broken through the 'symmetrical triangle' pattern, showing strong upward momentum. Compared to the bull market period in 2021, the current technical indicators suggest that there is still considerable room for DOGE's rise. The current indicator is only 1.35, far below the peak of over 20 during the bull market, indicating that the market still has upward momentum.
What is even more noteworthy is that the world's first DOGE ETF has been approved, which could bring a significant influx of new funds into DOGE coin. This positive news may further drive the price of DOGE coin to rise.
However, investors should proceed with caution and closely monitor market trends. Although DOGE is currently performing strongly, the crypto assets market has always been highly volatile, with risks and opportunities coexisting.
Apart from DOGE, other Crypto Assets may also benefit accordingly. Investors can focus on the overall market trends and look for potential investment opportunities. However, it is also important to note that the performance of different Crypto Assets may vary, requiring sufficient research and risk assessment.
Overall, the current Crypto Assets market seems to be entering a new active period. Both experienced investors and beginners should remain vigilant, view market changes rationally, and make wise investment decisions.