Recently, the cryptocurrency market has once again experienced volatility, with the price of DOGE falling significantly by 4%, reaching the key level of $0.19. This trend has raised concerns among investors, but the underlying reasons are worth exploring.

The Federal Reserve's decision to maintain interest rates has become the main catalyst for the recent market volatility. Following the announcement, the market quickly shifted to a risk-off mode, resulting in a rapid outflow of funds from high-risk assets. As a representative of high-volatility assets, DOGE naturally took the brunt of this, facing significant selling pressure.

However, the surface fluctuations of the market often mask deeper trends. Data shows that in the past 24 hours, large holders (commonly known as "whales") have taken the opportunity to accumulate over 310 million DOGE and transfer it to cold storage wallets. This move suggests that these large funds are not engaged in short-term speculation, but rather hold an optimistic outlook on the long-term development of DOGE.

From a technical perspective, a short-term support level has formed around $0.19. If market sentiment improves, DOGE is likely to see a rebound and correction. However, investors should not only focus on short-term price fluctuations but should pay more attention to key factors that influence long-term trends, such as the behavior of large holders and the development dynamics of the community.

Overall, although DOGE faces pressure in the short term, the flow of funds behind the market and the behavior of long-term holders may indicate potential opportunities for the future. Investors should pay more attention to the fundamentals of the market and long-term development trends while monitoring short-term price fluctuations.