What’s really going on with Dogecoin’s recent performance?

The price is fluctuating around $0.14, supported by institutional entry but also facing technical selling pressure—that’s the current contradiction.

There are clear positives:

Franklin Templeton and 21Shares are pushing forward with Dogecoin ETF applications, and institutional recognition is clearly rising. This shows DOGE is being included in more mainstream investment frameworks. There’s also real-world adoption—Argentina now allows taxes to be paid in Dogecoin, and Tesla is preparing to accept DOGE payments. On the technical side, the MACD on the 3-day chart is about to form a golden cross, which has historically corresponded to significant rallies.

But there are also considerable risks. The short-term moving average #数字货币市场洞察 7-day EMA( has now dropped below the long-term )25- and 99-day EMA(, a bearish setup indicating continued downward pressure. The MACD histogram has turned negative, signaling that buying momentum is fading and selling is increasing. Even more concerning, large deposits to exchanges are increasing while the number of active addresses is shrinking—both hint that market structure is weakening.

There’s a heated debate within the community. Some are counting on whales buying the dip and ETF approval to trigger a strong rebound, while others worry the weak structure could lead to further declines. )The market direction is indeed unclear right now.

How $DOGE $BTC performs will also impact DOGE, so it’s important to keep an eye on the overall market rhythm.