$DOGE
Spot DOGE In-Depth View | December 9, 2025, 07:00 UTC
Key Points:
DOGE price has slightly declined in the last 24 hours, with institutional interest (ETF applications, inclusion in indices) and real-world applications (tax payments, Tesla integration) providing fundamental support, alongside significant accumulation by whales. However, the short-term technical structure is weak, and the market faces critical resistance and selling pressure.
Key Developments:
1. Increased Institutional Interest: 21Shares has refiled for a DOGE ETF application, and Franklin Templeton has included it in its crypto index ETF, indicating rising institutional recognition.
2. Expansion of Real-World Applications: New laws in Argentina allow the use of DOGE for tax payments, and Tesla's backend upgrade may support DOGE payments, enhancing its practical utility.
3. Potential Signals for Technical Strength: The 3-day chart may form a MACD golden cross, historically associated with significant price increases. Whales have recently accumulated 550 million DOGE (valued at 71.8 million USD).
Main Risks:
1. Short-Term Technical Trend is Bearish: Current data shows a bearish trend, with the 7-day EMA below the 25-day and 99-day EMA, and the MACD line below the signal line.
2. Weak Market Structure: Rejections at key resistance levels multiple times, along with increased deposits to centralized exchanges, indicate rising selling pressure.
3. Price Decline and Overselling: The price has dropped about 1.45% in the last 24 hours to 0.14014 USD, with the RSI(6) indicating overselling, reflecting strong recent selling pressure.
Market Sentiment:
Community sentiment is mixed: some emphasize strong bullish momentum and whale accumulation; others worry about the weak market structure. However, overall sentiment leans positive due to whale activity and ETF optimism.
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