一波看漲催化劑，Dogecoin（Doge）已重新獲得市場關注

Dogecoin（Doge）是原始的模因加密貨幣，在2025年5月一陣看漲的催化劑之後，已重新獲得市場關注。

Dogecoin (DOGE) has returned to the market spotlight following a series of bullish catalysts in May 2025. After navigating significant volatility, the asset now shows signs of renewed momentum. This is being driven by favorable technical indicators, robust on-chain data, and a resurgence in investor sentiment.

Dogecoin（Doge）在2025年5月一系列看漲催化劑之後，已恢復了市場的關注。在導航顯著波動性後，資產現在顯示出勢頭的跡象。這是由有利的技術指標，強大的鏈上數據和投資者情緒復興所驅動的。

Technical Analysis

技術分析

Dogecoin (DOGE) experienced substantial volatility throughout May. After rallying to the $0.25–$0.26 range in early May, the price retraced to around $0.21–$0.22 by mid-month.

多5月，狗狗（Doge）經歷了大量波動。在5月初的集會到0.25-0.26美元的範圍之後，價格在月中回顧為0.21- $ 0.22。

Currently, a key support zone between $0.212 and $0.214 remains intact, with notable rebounds accompanied by high trading volume – an indication of active buying interest at this level. The $0.2135 mark is seen as a critical threshold; a breakdown below this level could trigger further downside toward $0.20 or even $0.19.

目前，$ 0.212至0.214美元之間的關鍵支持區仍然完好無損，值得注意的籃板伴隨著高交易量，這表明在此水平上積極購買利息。 $ 0.2135大關被視為關鍵門檻；低於此級別的故障可能會觸發$ 0.20甚至0.19美元的偏低。

On the upside, DOGE would need to break through resistance levels at $0.222 and $0.2307 to reestablish a bullish trend. A sustained move above $0.23 could invalidate the current weak signals and reinforce a recovery. According to technical data, the next key support levels are at approximately $0.211 and $0.204, while the $0.235–$0.24 area stands out as a significant resistance zone to watch.

從好的方面來說，總督需要以0.222美元和0.2307美元的價格突破阻力水平，以重新建立看漲的趨勢。持續的移動超過$ 0.23可能會使當前的弱信號無效並加強恢復。根據技術數據，下一個關鍵支持水平約為0.211美元和0.204美元，而$ 0.235- $ 0.24的面積是值得關注的重要阻力區。

The daily chart also shows the formation of a “bull flag” pattern, which typically suggests a continuation of the prior uptrend. If confirmed by strong buying momentum, this setup could propel DOGE toward a target around $0.35.

每日圖表還顯示了“牛國旗”模式的形成，這通常表明先前上升趨勢的延續。如果通過強勁的購買勢頭確認，這種設置可以推動目標大約0.35美元的目標。

As for momentum indicators, both the RSI and MACD are showing neutral to mildly bullish signals. The 14-day RSI is hovering around 55 close to neutral territory and not indicating any clear overbought or oversold conditions.

至於動量指標，RSI和MACD均顯示出中性至輕度的信號。 14天的RSI徘徊在55個靠近中性領土附近，沒有表明任何明顯的過失或超賣條件。

Source: TradingView

資料來源：TradingView

Meanwhile, the MACD line on the daily chart formed a bullish crossover in mid-May, echoing patterns seen before previous DOGE breakouts. Trading volume remains elevated, particularly during retests of the $0.21–$0.22 support area, which suggests that dip-buying activity from investors is still robust.

同時，每日圖表上的MACD線在五月中旬形成了一個看漲的跨界，這與以前的大約爆發之前所見。交易量保持較高，特別是在重新測試0.21-0.22美元的支持區域期間，這表明投資者的銷售活動仍然很強大。

On-Chain Activity of Dogecoin

狗狗的鏈活動

Dogecoin’s on-chain data further reinforces the technical analysis, offering strong support for a bullish outlook. Whale wallets – those holding large amounts of DOGE, have shown notable accumulation behavior in recent weeks.

Dogecoin的鍊鍊數據進一步加強了技術分析，為看漲前景提供了強有力的支持。鯨魚錢包 - 那些擁有大量門檻的人在最近幾周顯示出顯著的積累行為。

In April and May 2025 alone, these whale addresses collectively net-purchased over 1 billion DOGE, bringing their total holdings to approximately 25.97 billion DOGE. This sustained accumulation signals growing confidence among major investors in Dogecoin’s upside potential.

僅在2025年4月和2025年5月，這些鯨魚的地址總計超過10億，將其總持股量達到約259.7億。這種持續的積累信號信號越來越多，主要投資者對Dogecoin的上漲潛力。

At the same time, there has been a significant uptick in large on-chain transactions (over $100,000 in value). In early May, data from IntoTheBlock revealed that more than 60.9 billion DOGE was moved by whale addresses within a single 24-hour period – marking a 41% increase in large transactions compared to the average. Such surges are typically associated with portfolio rebalancing by institutional or high-net-worth holders ahead of anticipated market volatility.

同時，大型鏈交易（價值超過$ 100,000）的大幅增加。 5月初，來自Intotheblock的數據表明，在一個24小時內，鯨魚地址超過609億輛，這標誌著與平均值相比，大型交易增加了41％。此類激增通常與機構或高淨值持有人的投資組合重新平衡有關，而在預期的市場波動之前。

Source: GlassNode

來源：玻璃節

In addition, the number of daily active addresses on the Dogecoin network spiked dramatically, reaching a peak of around 469,000 on May 13 – a 528% increase within just one day. This sudden surge suggests a renewed wave of retail engagement, coinciding with positive news such as the SEC’s acknowledgment of a Dogecoin ETF filing.

此外，Dogecoin網絡上的每日活動地址數量急劇上升，5月13日達到了469,000的高峰，僅在一天之內增加了528％。這種突然的激增表明，零售參與的新浪潮與積極的消息相吻合，例如SEC對Dogecoin ETF申請的認可。

Another key metric, the Net Unrealized Profit/Loss (NUPL) indicator for long-term DOGE holders, has crossed above 0.5. This level typically marks a transition into the “belief” phase, where the majority of long-term holders are in profit and sentiment turns increasingly bullish. In practical terms, this suggests that many long-time holders now have greater conviction in a continued uptrend, rather than looking to take profits in the near term.

另一個關鍵指標，即長期門檻持有人的淨未實現的盈利/損失（NUPL）指標已超過0.5。這個級別通常標誌著向“信仰”階段的過渡，大多數長期持有人都在獲利，情緒越來越看漲。實際上，這表明許多長期持有人現在在繼續上升趨勢中有更大的信念，而不是希望在短期內獲得利潤。

Fundamentals and Market News

基本面和市場新聞

Dogecoin ETF Expectations

Dogecoin ETF期望

Dogecoin has been at the center of media and community attention in late May 2025, largely driven by growing speculation around the approval of a Dogecoin-based ETF. This narrative has become a major catalyst behind DOGE’s recent upward momentum.

Dogecoin在2025年5月下旬一直處於媒體和社區關注的中心，這在很大程度上是由於圍繞基於Dogecoin的ETF的批准而越來越多的猜測。這種敘述已成為Doge最近向上勢頭的主要催化劑。

In April, the U.S. Securities and Exchange Commission (SEC) announced a delay in its decision on several Spot ETF applications, including those for Dogecoin (proposed by Bitwise) and XRP, pushing the review deadline to June 2025.

4月，美國證券交易委員會（SEC）宣布其對幾個現場ETF申請的決定延遲，包括Dogecoin（由Bitwise提出）和XRP的申請，將審查截止日期推向2025年6月。

While the postponement initially dampened market enthusiasm, sentiment rebounded in mid-May when the SEC officially acknowledged the Dogecoin ETF filing

推遲最初抑制了市場熱情，但在SEC正式承認Dogecoin ETF申請時，情緒在5月中旬反彈