1. Approximately 81% of DOGE holders are in profit, while large holders own 63% of the total circulating DOGE supply.
2. Analysts predict a possible surge in DOGE's price, with long-term projections targeting $0.40, and MVRV ratios suggesting a potential upward trend.

DOGE has witnessed a competitive dynamic between buyers and sellers. As the month of June approaches, investors are observing whether the cryptocurrency can reclaim its previous supply level of $0.228.
Moreover, DOGE exhibits bullish potential, as it trades above its 50-day and 200-day exponential moving averages (EMAs) and follows an ascending trendline after breaking out of a bullish pattern.
Data from IntoTheBlock indicates that 81% of DOGE holders are currently in profit. The analysis of holdings by time held reveals that 66% of its holders have possessed the asset for over a year.
Regarding the concentration by large holders, 63% of the total circulating supply of DOGE is held by these entities.

大約81% 的DOGE 持有者處於盈利狀態，而大持有者擁有總流通DOGE 供應量的63%。趨勢。隨著6 月的臨近，投資者正在觀察該加密貨幣是否能夠恢復先前0.228 美元的供應水準。 )，並遵循突破看漲模式後上升趨勢線。以持有時間分析，66%的持有者持有該資產超過一年。

Token Summary | By IntoTheBlock
CoinMarketCap reports that the DOGE asset has recently experienced a gain of nearly 17.09% within the past 30 days. Consequently, its current value stands at $0.1589, with a market capitalization of $22.977 billion.
Decoding the Chart: Can Dogecoin Achieve $0.40?
DOGE has demonstrated a breakout from a wedge formation, creating a bullish pullback scenario. This appears promising for the cryptocurrency.
After surpassing the upper boundary of the wedge, the price has found support at $0.15275, a crucial level for DOGE to execute a parabolic move. It is poised for a significant surge to overcome the resistance level and potentially reach $0.228, which could represent an approximate 30% gain in the approaching weeks or the short term.
An analyst's post on Twitter by Altcoin Sherpa conveyed an optimistic outlook for the long-term price of DOGE. They suggested that this cycle could potentially reach the target price of $0.40, a historical level that has acted as a magnet.

代幣摘要 |根據 IntoTheBlockCoinMarketCap 報道，DOGE 資產最近在過去 30 天內上漲了近 17.09%。因此，其當前價值為 0.1589 美元，市值為 229.77 億美元。這對加密貨幣來說似乎很有希望。它有望大幅上漲，克服阻力位，並可能達到0.228 美元，這可能意味著在未來幾週或短期內上漲約30%。 。他們表示，這個週期可能會達到 0.40 美元的目標價格，這是一個具有吸引力的歷史水準。

$DOGE to $0.40 is 1 of the safest trades you can make this cycle IMO.-Retail eventually going to buy it up -All it takes is 1 retarded Elon tweet to blow it up-Has great liquidity/low downside relative to other memes-Prob outperforms a lot of other shitcoins *I don't have… pic.twitter.com/OHFe6ExNMY— Altcoin Sherpa (@AltcoinSherpa) May 29, 2024

在我看來，DOGE 到0.40 美元是這個週期中最安全的交易之一。具有很大的流動性/較低的下行空間- Prob 的表現優於許多其他垃圾幣 *我沒有… pic.twitter.com/OHFe6ExNMY — Altcoin Sherpa (@AltcoinSherpa) 2024 年 5 月 29 日

Sherpa also indicated that DOGE has promising potential and may likely outperform numerous other meme coins. It possesses significant liquidity compared to other meme coins, and a single unconventional tweet from ELON could potentially trigger a surge in its value.
Doge Price Forecast and Oscillator Overview
DOGE has exhibited bullish momentum as it remains above its critical 50-day and 200-day EMAs. Its bullishness is further evidenced by the MACD line being above the zero line at 0.00329, while the RSI is at 50.98.
According to these technical indicators, DOGE has displayed bullish signals and has the potential for additional growth. It has performed well over the last month and quarter, with gains of 11.31% and 35.93% respectively, indicating a robust uptrend.
Therefore, if the demand for the cryptocurrency remains strong, the DOGE asset price could rebound from its current level. Its next potential targets are $0.228 and $0.400.
However, if the DOGE price fails to surpass the previous high of $0.17500 and remains below $0.15275, it could experience a decline.
30-Day Market Value to Realized Value Suggests DOGE Price Likely to Rise
Furthermore, the MVRV ratio for DOGE based on a 30-day MA was 0.529% (at the time of writing), which has rebounded from -20.43% at the beginning of May.
This rise in the MVRV ratio indicates that short-term holders of DOGE have sold their holdings, with these likely being purchased by long-term holders.
Summary
DOGE has exhibited bullish potential, trading above its 50-day and 200-day EMAs. Approximately 81% of DOGE holders are currently in profit, with large holders possessing 66% for over a year and 63% of the total circulating supply.
Furthermore, the DOGE price has increased by nearly 17.09% over the past 30 days, currently at $0.1589 with a market capitalization of $22.977 billion. Analysts predict a potential surge in DOGE's price, with a long-term target of $0.40, and MVRV ratios suggest a possible upward trend for DOGE's price. Similarly, DOGE's technical indicators indicate bullish signals, with the potential for further growth.

Sherpa 也表示，DOGE 具有廣闊的潛力，並且可能會勝過許多其他迷因幣。與其他meme 代幣相比，它擁有巨大的流動性，來自ELON 的一條非常規推文可能會引發其價值飆升。 50 天和200 天均線。 MACD線位於0.00329的零線上方，而RSI位於50.98，進一步證明了其看漲情緒。它在過去一個月和一個季度表現良好，漲幅分別為11.31%和35.93%，顯示出強勁的上升趨勢。其下一個潛在目標是0.228 美元和0.400 美元。可能會上漲此外，基於 30 日均線的 DOGE MVRV 比率為 0.529%（截至撰寫本文時），已從 5 月初的-20.43% 反彈。股票，這些股票可能會被長期持有者購買。約81%的DOGE持有者目前處於獲利狀態，其中大持有者持有超過一年的66%以及總流通供應量的63%。為0.1589美元市值為229.77億美元。分析師預測 DOGE 的價格可能會上漲，長期目標為 0.40 美元，MVRV 比率顯示 DOGE 的價格可能呈上升趨勢。同樣，DOGE 的技術指標顯示看漲訊號，具有進一步成長的潛力。