Recently, the DOGE ( market has shown a positive trend, with a 24-hour rise of 7.5%, reaching the 0.254 USD mark. Nevertheless, multiple market indicators are suggesting that this wave of rise may be difficult to sustain.

In the long term, the outlook for DOGE remains bleak. According to Glassnode's UTXO realized price distribution )URPD( data, this cryptocurrency has successfully broken through the resistance level of $0.20, but still faces a stronger resistance at $0.36. This level has historically blocked DOGE's upward momentum multiple times, with at least two significant rebounds being hindered here.

In the short term, DOGE has also encountered resistance at $0.2478. It is worth noting that spot traders have sold approximately $39 million worth of DOGE in the past 24 hours, which may indicate that the market is under significant selling pressure.

In addition, the presence of liquidity clusters indicates that the price of DOGE may experience significant fluctuations in the short term. This volatility not only increases trading risks but also brings more uncertainty to investors.

Nevertheless, as a highly watched cryptocurrency, the price trend of DOGE is still worth close attention from market participants. Investors need to comprehensively consider various market factors when making decisions, including technical analysis, market sentiment, and the broader dynamics of the cryptocurrency ecosystem.

As the market continues to evolve, whether DOGE can break through the current resistance level and maintain its rise, or will it fall back under pressure, remains to be seen. In any case, cautious and ongoing market analysis is crucial for navigating this highly volatile cryptocurrency market.