In the world of cryptocurrency, DOGE has never been a rational game—it's a market carnival, an emotional casino, and the last fairy tale for ordinary people to make a comeback.

Today's data: The capital carnival behind the wild price swings

The current DOGE price is fixed at $0.213, with a 24-hour volatility of up to 30%, and trading volume exceeding 1.39 billion coins, setting a record for the highest single-day volume in 2025. Technically, the RSI indicator is at 65.657, and the MACD shows a golden cross upwards, seemingly indicating strong bullish momentum, but the Williams indicator has entered the overbought zone, suggesting a potential short-term pullback. More concerning is that while DOGE's market cap has reached $32 billion, its turnover rate is only 8.81%, showing a clear characteristic of rapid capital inflow and outflow—this resembles a meticulously designed “cutting leeks” feast.

Contradiction: The life-and-death paradox of Meme coins

The logic behind DOGE's surge is filled with absurdity:

The Musk Effect: The naming of the Trump administration's “Department of Government Efficiency” has forcibly bound this Meme coin to political power. Musk's statement “Make government fun again” directly ignited market sentiment, but how long can this relevance last?

ETF expectations: The market is wildly speculating that DOGE will get approved for a spot ETF, but the head of Grayscale Research bluntly stated: “It doesn’t even have a regulated futures market.” Compared to the compliance process of Bitcoin and Ethereum, DOGE's path to institutionalization looks more like a castle in the air.

Community division: Within Weibo's super topic, both bulls and bears are fiercely debating. Some shout “$0.2 is strong support, ETF will pass in September,” while others mockingly say “It’s the same group of people again, using the same script to cut leeks four years ago.”

What’s the outlook? Three possibilities

Short-term sprint: Breaking $0.22 could lead to a push towards $0.25, but history shows that 90% of Meme coin gains occur within 24 hours, followed by a crash.

Policy dividends: If DOGE is truly adopted by the government or Musk’s company, it could surge to $0.5, but the probability is akin to “winning the lottery.”

Bubble burst: Once regulations kick in, DOGE could repeat the 2021 crash, leaving retail investors with nothing.

Is DOGE the last train for ordinary people to make a comeback, or is it an elite-designed scheme to cut leeks? Now at $0.21, do you dare to bet it will reach $1, or should you run quickly? #DOGE

The bull market is fleeting; what you lack is not opportunity, but the courage to pull the trigger! Follow Long Ge, and let me lend you a hand.