Recently, the market performance of DOGE has attracted attention, with the price rising slightly by 3.9% to $0.2152. This rise is mainly due to the market's increasing expectation of the likelihood of spot ETF approval. According to Polymarket data, the probability of the spot DOGE ETF being approved in October has risen to 80%, which undoubtedly has had a positive impact on DOGE.

At the same time, there have been some favorable trends for DOGE in the market. A large investor has accumulated approximately 310 million DOGE, worth about 67 million dollars. Additionally, a well-known brokerage has added related trading features, all of which have injected new vitality into the DOGE market.

From a technical analysis perspective, DOGE is currently challenging the resistance level of $0.22, with a relative strength index (RSI) of 54.9, and the support level located at $0.206. Market analysts point out that if DOGE can firmly break through the $0.22 mark, it is expected to reach $0.25 in the short term.

However, investors also need to be wary of potential downside risks. The tariff policies that the United States may adjust and the 3.71% decline of DOGE over the past week could exert some pressure on its price. Therefore, when making investment decisions, it is advisable to consider multiple factors comprehensively and carefully assess the risks.

Overall, DOGE's recent performance reflects the complexity and volatility of the cryptocurrency market. While there are favorable factors supporting it, investors still need to remain cautious and closely monitor market trends and changes in the regulatory environment.