#数字资产行情上升 Dogecoin Trends: From Cautious Optimism to Risk Warning

In the past 24 hours, Dogecoin has risen by 2.95%, but market signals are mixed—how should investors interpret this?

From a technical perspective, things look decent. Recently, $DOGE saw a bullish crossover between the 7- and 25-period EMAs, and the MACD is also showing positive signals, which usually indicates a potential short-term price increase. But that's just on the surface.

What’s truly exciting are the breakthroughs in real-world application—Argentina just passed a law allowing taxes to be paid with Dogecoin, and Tesla is moving forward with integrating DOGE as a payment method for car purchases on the backend. This isn’t just hype; it’s a genuine expansion of use cases. Additionally, 21Shares has resubmitted an application for a Dogecoin ETF, and Japan is planning to include DOGE in its financial product classification by 2026, suggesting institutional investor confidence is slowly rising.

However, risks cannot be ignored. The $DOGE ETF saw its trading value drop to a low of $142,000 on Monday, a significant decline from previous peaks, indicating weakening institutional participation. More concerning is that Dogecoin deposits to centralized exchanges are increasing while the number of daily active addresses is decreasing—some holders seem ready to cash out. On the technical side, there’s also a hidden risk: the key support level at $0.14 faces strong resistance, and if it breaks, it could trigger a chain reaction of declines.

The community is in heated debate—some are optimistic that whale activity and ETF inflows will push prices higher, while others worry about insufficient ETF enthusiasm and further price drops. In the short term, the trends of $BTC and $BNB will also influence $DOGE’s momentum. Overall, it’s wise to remain cautious for now and wait for clearer signals before jumping in.