一波看涨催化剂，Dogecoin（Doge）已重新获得市场关注

Dogecoin（Doge）是原始的模因加密货币，在2025年5月一阵看涨的催化剂之后，已重新获得市场关注。

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月一系列看涨催化剂之后，已恢复了市场的关注。在导航显着波动性后，资产现在显示出势头的迹象。这是由有利的技术指标，强大的链上数据和投资者情绪复兴所驱动的。

Technical Analysis

技术分析

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）经历了大量波动。在5月初的集会到0.25-0.26美元的范围之后，价格在月中回顾为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美元之间的关键支持区仍然完好无损，值得注意的篮板伴随着高交易量，这表明在此水平上积极购买利息。 $ 0.2135大关被视为关键门槛；低于此级别的故障可能会触发$ 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.

从好的方面来说，总督需要以0.222美元和0.2307美元的价格突破阻力水平，以重新建立看涨的趋势。持续的移动超过$ 0.23可能会使当前的弱信号无效并加强恢复。根据技术数据，下一个关键支持水平约为0.211美元和0.204美元，而$ 0.235- $ 0.24的面积是值得关注的重要阻力区。

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.

每日图表还显示了“牛国旗”模式的形成，这通常表明先前上升趋势的延续。如果通过强劲的购买势头确认，这种设置可以推动目标大约0.35美元的目标。

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.

至于动量指标，RSI和MACD均显示出中性至轻度的信号。 14天的RSI徘徊在55个靠近中性领土附近，没有表明任何明显的过失或超卖条件。

Source: TradingView

资料来源：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.

同时，每日图表上的MACD线在五月中旬形成了一个看涨的跨界，这与以前的大约爆发之前所见。交易量保持较高，特别是在重新测试0.21-0.22美元的支持区域期间，这表明投资者的销售活动仍然很强大。

On-Chain Activity of Dogecoin

狗狗的链活动

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的链链数据进一步加强了技术分析，为看涨前景提供了强有力的支持。鲸鱼钱包 - 那些拥有大量门槛的人在最近几周显示出显着的积累行为。

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.

仅在2025年4月和2025年5月，这些鲸鱼的地址总计超过10亿，将其总持股量达到约259.7亿。这种持续的积累信号信号越来越多，主要投资者对Dogecoin的上涨潜力。

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.

同时，大型链交易（价值超过$ 100,000）的大幅增加。 5月初，来自Intotheblock的数据表明，在一个24小时内，鲸鱼地址超过609亿辆，这标志着与平均值相比，大型交易增加了41％。此类激增通常与机构或高净值持有人的投资组合重新平衡有关，而在预期的市场波动之前。

Source: GlassNode

来源：玻璃节

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网络上的每日活动地址数量急剧上升，5月13日达到了469,000的高峰，仅在一天之内增加了528％。这种突然的激增表明，零售参与的新浪潮与积极的消息相吻合，例如SEC对Dogecoin ETF申请的认可。

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.

另一个关键指标，即长期门槛持有人的净未实现的盈利/损失（NUPL）指标已超过0.5。这个级别通常标志着向“信仰”阶段的过渡，大多数长期持有人都在获利，情绪越来越看涨。实际上，这表明许多长期持有人现在在继续上升趋势中有更大的信念，而不是希望在短期内获得利润。

Fundamentals and Market News

基本面和市场新闻

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月下旬一直处于媒体和社区关注的中心，这在很大程度上是由于围绕基于Dogecoin的ETF的批准而越来越多的猜测。这种叙述已成为Doge最近向上势头的主要催化剂。

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，美国证券交易委员会（SEC）宣布其对几个现场ETF申请的决定延迟，包括Dogecoin（由Bitwise提出）和XRP的申请，将审查截止日期推向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

推迟最初抑制了市场热情，但在SEC正式承认Dogecoin ETF申请时，情绪在5月中旬反弹