$DOGE

doge's rise is the last carnival?

Recently, the price of DOGE has skyrocketed to 0.4. Some people are wondering if this will be the last opportunity to escape? The market is also confusing due to a pile of complex factors.

Musk really is a double-edged sword. By naming the department DOGE, he suddenly drove the price up, and everyone got excited. But this also made him the center of controversy; he isn't very well-received by Trump’s side, and with Musk's layoffs and company reforms, his relationship with the government might become even more strained. If these conflicts continue, the market environment could become much more complicated.

In the spot market, the trading volume of DOGE has recently increased significantly, but there are particularly many sell orders, accounting for 65%, which shows clear selling pressure. Some people might want to cash out at high prices, which is not good for the market. If there aren't enough buyers, the price is likely to drop.

Then there's the Starlink launch; everyone was originally hoping for a price increase, but instead, the price didn't go up and ended up disappointing everyone. This indicates that the celebrity effect is not as effective as it used to be, and the market is starting to consider multiple factors. In the future, such events may not significantly impact prices.

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