Recently, the DOGE coin market has seen remarkable changes. This highly watched encryption currency has successfully broken through the key resistance level of $0.24, a position that had been blocked multiple times before. From a technical analysis perspective, a potential golden cross is forming, with the 50-day exponential moving average (EMA) expected to cross above the 200-day EMA, which is typically seen as a signal that the rise trend may continue.

Recently, the market activity has noticeably increased. In the past 24 hours, the trading volume of DOGE surged over 20%, reaching $4.25 billion. This significant growth indicates a substantial buying demand in the market, rather than merely a result of short covering. Currently, DOGE's price is above the 50, 100, and 200-day moving averages, reflecting a clear shift in market sentiment, with both bulls and bears actively adjusting their strategies.

Based on the current market dynamics and technical indicators, analysts predict that by the end of 2025, DOGE may challenge the level of $0.55. However, investors should keep in mind that the cryptocurrency market is highly volatile, and any predictions should be treated with caution.

It is worth noting that although DOGE has shown strong performance in the short term, the long-term trend of the cryptocurrency market remains full of uncertainty. Investors should comprehensively consider market risks, conduct in-depth research and analysis when making decisions, and not just rely on a single indicator or short-term trend.