#DOGE# DOGE Token has shown certain continuous pump potential recently, mainly based on the following factors:

- Strong price trend: In July 2025, the price of DOGE rose by 47% to over $0.24, breaking through the previous bearish trend line and surpassing the 200-day simple moving average, indicating potential signs of a bull market re-emerging.
- Futures market is booming: Unsettled contracts for DOGE futures have reached a record 16.24 billion DOGE, with a growth of 48% this month. The increase in unsettled contracts and the rise in prices usually confirm an upward trend, and the positive perpetual financing rate for DOGE indicates a growing demand for leveraged bullish futures bets.
- Whale investors increase holdings: Data from the on-chain analysis platform IntoTheBlock shows that the number of DOGE flowing into large investor wallets has significantly increased in the past 24 hours, reaching 2.96 billion coins, which is an increase of 425.65% compared to the previous day, with a net inflow of 811.45 million DOGE, indicating that large investors are optimistic about the future performance of DOGE.
- Strong community support: DOGE has a large and active community that continuously promotes the popularity and awareness of DOGE through social media and other channels, providing strong market support.
- Celebrity effect influence: Elon Musk's support for Dogecoin is one of the key factors driving its price rise. He not only frequently voices his support for DOGE on Twitter, but his recent proposal for DOGE government efficiency may also further promote the popularity of DOGE.
- Market expectations are optimistic: Some analysts believe that as long as the DOGE price remains above the key support level of $0.20, the bulls will maintain control. If there is a subsequent increase in volume, it is expected to challenge the resistance level of $0.36, and even challenge the historical target range of $0.54.