#数字货币市场洞察 $DOGE Spot Market Insights | December 8, 2025

DOGE has been making big moves lately. Its 24-hour gain is eye-catching, and the logic behind it is worth digging into.

A positive signal is here—institutions are moving. The spot ETF application has been resubmitted and DOGE has been included in major asset management firms' crypto index ETF allocations, indicating that traditional finance is increasing its recognition of Dogecoin. At the same time, whales are quietly accumulating; over the past three days, they've bought a total of 550 million DOGE (worth $71.8 million). This buying strength says a lot.

Technical signals also look good. The MACD shows a bullish golden cross, the histogram is strengthening, and the short-term EMA remains positively aligned, all suggesting that upward momentum is building.

However—there are quite a few issues. The RSI(6) has soared to 80.78, which is a classic extreme overbought signal, so short-term pullback pressure is significant. More concerning is that community data reflects ongoing market selling pressure, and the concentration score for large capital inflows remains below 19, indicating a lack of sufficiently strong and coordinated large-scale buying power to support a sustained long-term rally.

Overall, institutional interest and on-chain accumulation provide underlying support, but the short term faces overbought risk and selling pressure. Market sentiment is cautiously optimistic—the long-term logic is there, but so is short-term volatility.