#美国证券交易委员会推进数字资产监管框架创新 Can Dogecoin continue its hot streak? The triple logic behind the violent fluctuations in $DOGE market

Last night's market was a roller coaster—opening at 0.13486 at 11:30 PM, soaring instantly to 0.13522, almost breaking through, then a rapid plunge to 0.13200, closing at 0.13239. That large red candle left many feeling anxious.

Behind this intense volatility are three key factors that determine DOGE's trend:

**First, BTC is the anchor**
Currently, BTC is repeatedly testing the $86,000 level. The gains and losses around this line directly determine DOGE's ceiling. As long as BTC cannot stabilize, DOGE, as a risk asset within risk assets, will be the first to be hammered down. In the crypto market's interconnected environment, every move of BTC amplifies and transmits to high-volatility coins like DOGE.

**Second, news is always a black swan**
A single tweet or comment can trigger instant surges or crashes in DOGE. This is not an exaggeration; history has proven it multiple times. News-driven movements are particularly prominent in this coin, while fundamentals seem relatively pale in comparison.

**Third, market sentiment is at an extreme**
A slight rise prompts bearish calls of "quick bull return," a small dip triggers "run away." In this polarized emotional environment, every fluctuation in DOGE can be amplified infinitely. Minor corrections can evolve into collective panic selling.

**Trading response logic:**

Bullish approach: Wait for clear rebound signals around 0.1235 (such as long lower shadows, RSI quickly rising above 30 with volume support), then consider entering. First target is the 0.1300 resistance, watch out for the MA(25) at 0.12605 acting as resistance. Set stop-loss below 0.1220 to prevent failed rebounds.

Bearish approach: When the price rebounds near 0.1300, MACD remains below zero, and trading volume shrinks, consider short positions. The first target is the support around 0.1235.

For high-volatility coins like DOGE, rapid reversals are common in the short term. The key is to stick to risk management and avoid being overwhelmed by impulsive market movements.