#隐私币板块整体上行 **What exactly is the game being played with the sudden surge of Dogecoin—can it hold at 0.13?**

Last night's market was a roller coaster. Bitcoin still hovers around 85,000, but Dogecoin dared to surge 7% overnight. Is this driven by major players going long or retail investors stepping in? Some institutions have halved their expectations for Bitcoin, but Dogecoin is gaining momentum—is this rally a rebound or a trap?

**Technical indicators are flashing red**

RSI hit 74, and the KDJ's J value broke 100, clearly signaling overbought conditions. Looking back at history: in December last year, the J value also soared above this level once, and the next day Dogecoin dropped 15%. Now the indicators are again overextended—could this be a repeat of the same script?

The 4-hour candlestick chart shows it has broken above the middle band of the Bollinger Bands, but the MACD momentum is already slowing down. The key point is that large orders are net outflowing—millions of dollars daily—making this rebound look more like a "gentle distribution."

**How deep is the bullish and bearish divide?**

The bullish camp is betting on the ecosystem narrative—payment app deployment, community consensus strength, and the low-cost value at these levels. In their view, consensus equals value.

The bearish side sees this as purely an emotional game: lacking real use cases, driven entirely by social hype, with 0.13 already reaching the ceiling of what can be hyped. If it breaks below 0.12, a chain reaction of selling could be triggered.

**Stay calm during nighttime trading**

If Dogecoin can hold above 0.128, it might test the resistance at 0.13 in the short term. But if it loses the 0.116 support, watch out for a sharp drop to 0.105.

Liquidity is thin overnight, and emotions tend to amplify. Dogecoin is just like that—built on consensus and faith, but also a litmus test for retail investors. Position management is more important than opinions; don’t let optimism turn into uncontrolled leveraged bets.

What do you think about this market move? Share your thoughts in the comments.

(Risk warning: Markets are volatile and unpredictable. This article is for informational purposes only and does not constitute investment advice. Independent judgment and calm decision-making are key.)