DOGE has recently become the focus again. The payment application has surged 3 times in half a year, with its acceptance significantly increasing from NBA tickets, online education to various services. At the same time, data shows that Large Investors have quietly accumulated over 1 billion DOGE within two weeks, forming a triangular breakout pattern on the weekly chart. Once the key resistance level is breached, the subsequent rise may open up.

These signals do look quite good. But the problem is also evident: the mechanism of an annual issuance of 16 billion coins fundamentally restricts the price ceiling. In contrast, there are traders who fully invested with a principal of 86,500 U at the peak, ultimately seeing their account drop from 1 million to 100,000, and it has been oscillating near the middle band of the Bollinger Bands. Under the expectation of interest rate hikes, the risk of price spikes still exists.

So can DOGE break through its historical high this time, or will it be dragged down by supply pressure and macro environmental concerns? The key still lies in two dimensions: first, the real conversion speed of the payment ecosystem, and second, whether Large Investors' absorption can hedge against the daily issuance volume. Using spare money to test the waters and setting a stop-loss is much more rational than blindly going all in.