Recently, the technical indicators for DOGE have shown a pattern similar to that seen at the start of the previous bull run, which may signal the arrival of a new upward trend. Despite the uncertainties in the macroeconomic environment, DOGE has rebounded by 7% since the beginning of this month, sparking investors' interest in its future movements.

The current market environment seems to be shifting in favor of risk assets. The market anticipates that the Federal Reserve may begin to cut interest rates as early as September, with a possibility of up to three cuts before the end of the year. This potential shift in monetary policy could stimulate capital inflow into high-risk assets such as cryptocurrencies, injecting new vitality into the altcoin market.

Renowned analyst Chris Parks pointed out that the price reversal of DOGE at the beginning of August may signify the start of a new bull run. He noted that the current technical indicator setup is very similar to when DOGE began its first pump in June. At that time, after the 4-hour Relative Strength Index (RSI) fell into the oversold region, the price of DOGE subsequently rose by 70% and reached a local high at the end of July.

Parks emphasized that the current market environment may be more favorable for the rise of DOGE prices than before. He stated: "The last price was $0.14, and now it's around $0.20. The higher the lows, the higher the highs." This view suggests greater upward potential.

However, investors should also be aware that the high volatility of the cryptocurrency market means that prices can change rapidly. Although the technical indicators appear optimistic, external factors such as regulatory policy changes and macroeconomic events can still have a significant impact on the market.

As market sentiment gradually improves, some large investors may reconsider their investment strategies. However, investors still need to be cautious when making decisions, taking into account market risks and their personal risk tolerance.

Overall, although the technical indicators for DOGE currently show positive signals, there is still uncertainty regarding its future trend. Investors should closely follow market movements and make informed investment decisions based on their own circumstances.