In the early hours of today, the DOGE market performed remarkably, showing a strong upward momentum. From a short-term perspective, both the 1-hour and 4-hour candlestick charts have broken through the upper Bollinger Band, indicating significant upward momentum.

The MACD indicator on the hourly level shows that the distance between the fast line and the slow line is gradually narrowing, which may indicate a slight pullback in the short term. However, from a longer time frame perspective, the trend on the 4-hour level remains strong, providing solid support for further upward movement in the market.

For investors, if DOGE pulls back to around $0.233, it may be worth considering a small position. Currently, we have set the upper resistance level at $0.24, and if this level can be effectively broken, the next target price will be around $0.2444.

It is worth noting that the overall altcoin market has shown signs of recovery recently, coupled with the rising expectations of a potential interest rate cut by the Federal Reserve. These factors may have a positive impact on the trend of DOGE. However, the cryptocurrency market is highly volatile, and investors should still exercise caution and reasonably manage risks when making decisions.