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.

大约 81% 的 DOGE 持有者处于盈利状态，而大持有者拥有总流通 DOGE 供应量的 63%。分析师预测 DOGE 的价格可能会飙升，长期预测目标为 0.40 美元，MVRV 比率表明潜在的上升趋势。DOGE见证了买家和卖家之间的竞争动态。随着 6 月的临近，投资者正在观察该加密货币是否能够恢复之前 0.228 美元的供应水平。此外，DOGE 表现出看涨潜力，因为它的交易价格高于 50 日和 200 日指数移动平均线 (EMA)，并遵循突破看涨模式后上升趋势线。IntoTheBlock 的数据显示，81% 的 DOGE 持有者目前处于盈利状态。按持有时间分析，66%的持有者持有该资产超过一年。从大持有者的集中度来看，DOGE流通总量的63%由这些实体持有。

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.

代币摘要 |据 IntoTheBlockCoinMarketCap 报道，DOGE 资产最近在过去 30 天内上涨了近 17.09%。因此，其当前价值为 0.1589 美元，市值为 229.77 亿美元。 解读图表：狗狗币能否达到 0.40 美元？ DOGE 已经突破楔形形态，创造了看涨回调情景。这对加密货币来说似乎很有希望。在突破楔形上限后，价格在 0.15275 美元找到支撑，这是 DOGE 执行抛物线走势的关键水平。它有望大幅上涨，克服阻力位，并可能达到 0.228 美元，这可能意味着在未来几周或短期内上涨约 30%。 Altcoin Sherpa 在 Twitter 上的一位分析师的帖子表达了对长期的乐观前景。 DOGE 的期限价格。他们表示，这个周期可能会达到 0.40 美元的目标价格，这是一个具有吸引力的历史水平。

$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

在我看来，DOGE 到 0.40 美元是这个周期中最安全的交易之一。-零售最终会买下它-只需要 1 条迟钝的 Elon 推文就能将其炸毁-相对于其他模因，具有很大的流动性/较低的下行空间- Prob 的表现优于许多其他垃圾币 *我没有…… 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 还表示，DOGE 具有广阔的潜力，并且可能会胜过许多其他模因币。与其他 meme 代币相比，它拥有巨大的流动性，来自 ELON 的一条非常规推文可能会引发其价值飙升。Doge 价格预测和振荡器概述 DOGE 表现出看涨势头，因为它仍然高于关键的 50 天和 200 天均线。 MACD线位于0.00329的零线上方，而RSI位于50.98，进一步证明了其看涨情绪。根据这些技术指标，DOGE已显示出看涨信号，并具有进一步增长的潜力。它在过去一个月和一个季度表现良好，涨幅分别为11.31%和35.93%，显示出强劲的上升趋势。因此，如果对加密货币的需求保持强劲，DOGE资产价格可能会从当前水平反弹。其下一个潜在目标是 0.228 美元和 0.400 美元。但是，如果 DOGE 价格未能突破之前的高点 0.17500 美元并保持在 0.15275 美元以下，则可能会下跌。30 天市值与已实现价值的比值表明 DOGE 价格可能会上涨此外，基于 30 日均线的 DOGE MVRV 比率为 0.529%（截至撰写本文时），已从 5 月初的-20.43% 反弹。MVRV 比率的上升表明 DOGE 的短期持有者已经出售其持有的股票，这些股票可能会被长期持有者购买。总结DOGE 表现出看涨潜力，交易价格高于 50 日和 200 日均线。大约81%的DOGE持有者目前处于盈利状态，其中大持有者持有超过一年的66%以及总流通供应量的63%。此外，DOGE价格在过去30天内上涨了近17.09%，目前为0.1589美元市值为229.77亿美元。分析师预测 DOGE 的价格可能会上涨，长期目标为 0.40 美元，MVRV 比率表明 DOGE 的价格可能呈上升趋势。同样，DOGE 的技术指标显示看涨信号，具有进一步增长的潜力。