#山寨季将至？# Recent on-chain data reveals that the DOGE market is facing new variables, with approximately 96 million DOGE set to be unlocked within a week. Contrary to traditional beliefs, this batch of unlocks is not expected to bring selling pressure; rather, it could be resources reserved by large funds for subsequent market pump.

There are four key factors in the current market that are driving the development of DOGE.

Firstly, the policy environment is becoming stable. The U.S. State Department has confirmed that policy adjustments related to DOGE will be permanently effective, and although Elon Musk's personal influence has weakened, the policy dividends have already solidified. At the same time, the possibility of the X platform's payment system integrating DOGE still exists, which could reactivate the influence of social media on the coin's price.

Secondly, institutional investment channels are expanding. The US market has launched the first DOGE ETF product (DOJE), achieving a trading volume of $6 million on its first day of listing. More notably, the probability assessment for the approval of Grayscale's DOGE ETF in October is as high as 98%. If successful, it will bring in a significant amount of institutional funds for this asset.

From a technical analysis perspective, DOGE is currently in an ideal buying range. The RSI indicator shows 61, which is a healthy neutral level; the MACD has formed a golden cross and the trend is accelerating. Market analysis indicates that if it breaks through the key resistance level of $0.31, the price target could aim directly for $0.79, with some optimistic analysts even predicting it could reach $5 by the end of the year.

Historically speaking, during the last bull market, DOGE achieved an astonishing increase of 1500% in just 100 days, while the current cycle has not seen a similar magnitude of rise, which suggests that the accumulated potential for an increase could be quite considerable.

In the investor community, discussions about the future price performance of DOGE are heating up, with many holders showing a strong interest in its long-term value.