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Dogecoin has been gaining some buzz lately. Not only are on-chain whales starting to buy the dip, with capital inflows doubling compared to before, but Elon Musk is also openly supporting it—Tesla now accepts DOGE payments, and $175 million in ecosystem funding has been secured. Even more interesting is that Japanese real estate companies are beginning to accept Dogecoin as a payment method, marking a significant breakthrough in real-world application scenarios.
The technical side is also speaking. On the daily chart, the double bottom formation is very clear, trading volume is increasing, and the MACD has just turned positive. The price is currently stuck at a critical resistance zone, around 0.12. If volume can break through here, there could be considerable room for upward movement. Some compare this to the 2021 trend, saying this wave might repeat.
Additionally, the DOGE-1 lunar mission is scheduled to launch by the end of 2025—if it actually happens, it will be the first space mission in cryptocurrency history, making this narrative quite unique.
With technical analysis, real-world application, and storytelling all working together, what are your thoughts? Have you adjusted your positions?