The underlying drivers of the myth of getting rich quick: technological forms, capital trends, and narrative resonance. Technical breakthroughs: cup and handle pattern and the game of overbought signals. The confirmation of the cup and handle pattern shows that Dogecoin (DOGE) completed a classic "cup and handle" breakout in April 2025, which usually indicates a trending upward movement. After the breakout, the DOGE price rose from $0.15 to $0.18, with a 24-hour increase of 12%, and short sellers faced a liquidation exceeding $11.6 million, significantly boosting bullish momentum. The overbought risk RSI indicator rose to 63 (breaking the mid-line of 50), with the MACD fast line above the slow line and the histogram expanding, showing dominance of buying pressure. However, if the momentum is insufficient after breaking $0.1822 (200-day moving average), there may be a risk of a pullback to the support level of $0.15. Capital flow: dual signals of whale accumulation and short seller liquidation. On-chain data shows that an anonymous whale accumulated 30 million DOGE near $0.15, valued at approximately $5.4 million. This behavior is highly similar to the whale accumulation pattern before the Dogecoin surge in January 2025. The short seller liquidation wave: Coinglass data shows that in the past 24 hours, 85% of short losses came from DOGE trading pairs, and market sentiment has shifted from "shorting" to "chasing the rise."

Narrative reconstruction: from the "Musk effect" to "Meme coin rotation." Breaking away from Musk's dependence: despite Musk reducing his public support for DOGE, Dogecoin still rose against the trend, showing the market's recognition of its independent value. Meme coin sector rotation: Bitcoin broke through $94,500, and Ethereum returned to $1,700, driving a broad increase in Meme coins like SHIB and PEPE, with capital shifting from mainstream coins to high-volatility assets. The feasibility of the $1 target: path deduction and resistance analysis. Short-term targets: "stepwise" resistance at $0.27 and $0.40. Resistance at $0.27: CryptoQuant analysts point out that if DOGE stabilizes at $0.1822, the next target will be $0.27 (historical selling pressure zone). After breaking through, it may challenge $0.40 (2024 high). Volume validation: Breakthrough needs to be accompanied by daily trading volume exceeding $1 billion, with the current daily average trading volume around $150 million, requiring caution against false signals after a volume contraction breakout. Medium-term targets: the "ultimate test" at $0.73 and $1.

Regulatory risks: potential regulation of Meme coins by the U.S. SEC (such as classifying DOGE as a security). Technical bottlenecks: Dogecoin still relies on Litecoin's Scrypt algorithm, with a transaction speed (30 TPS) far below Solana (65,000 TPS). Resistance at $0.73: this price level mirrors the historical high of $0.74 from 2021, with the breakthrough needing sustained capital inflow from global trading platforms (such as Binance, Coinbase). The "myth of getting rich quick at $1" for Dogecoin is not a castle in the air; behind it are the threefold drivers of technical breakthroughs, capital consensus, and narrative reconstruction. However, the volatility of Meme coins makes them more suitable for risk-tolerant investors. If Bitcoin maintains its upward trend and the Meme coin sector rotation continues, the probability of DOGE hitting $1 in 2025 will significantly increase. But caution is needed regarding regulatory risks and narrative fatigue, avoiding putting all funds into a single asset.

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