Recently, the price trend of DOGE has attracted widespread attention in the market. Technical analysis shows that this encryption currency is operating above a clear rising trend line, forming a remarkable bullish weekly structure.

Analysts point out that the next key target price for DOGE is $0.43. If it can break through this level, accompanied by a significant increase in trading volume, then the $1 mark may no longer be out of reach. It is worth noting that Fibonacci extension levels suggest that higher target prices could reach around $1.08.

The robust rising trend displayed in the weekly chart reflects the confidence of buyers in continuous accumulation. The gradual elevation of weekly support levels further consolidates this bullish pattern. Technical indicators show that $0.43 is a crucial breakout point; if it can hold above this level at the weekly close, it may trigger a new wave of upward momentum.

Factors driving the potential rise of DOGE include:
1. The rising trend line formed over the years provides strong support.
2. The continuous rise of weekly low points indicates that buying pressure is gradually strengthening.
3. Fibonacci extension levels provide traders with clear target price levels.

However, investors should also view these technical indicators with caution. The market is ever-changing, and external factors such as changes in regulatory policies and overall encryption market sentiment can have a significant impact on the price of DOGE.

Overall, DOGE is currently at a critical technical position. Market participants will closely monitor the key price level of $0.43, along with the subsequent changes in trading volume. The interplay of these factors will determine whether DOGE can initiate a new rising cycle.