$DOGE
doge's rise to the top is the final carnival?
Recently, the price of DOGE has soared to 0.4. Some people are wondering if this will be the last chance to escape? The market is also confusing due to a pile of complex factors.
Musk is indeed a double-edged sword. Naming the department DOGE has instantly driven up the price, and everyone is getting excited. But this has also made him the center of controversy; he is not very friendly with Trump, and with Musk's layoffs and company reforms, the relationship with the government may have become even more strained. If these conflicts keep escalating, the market environment will 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 is a clear sign of selling pressure. Some people may want to cash out at a high price, which is not good for the market. If there aren't enough buyers, the price is likely to drop.
As for the Starlink launch, everyone was originally hoping for a price increase, but the price didn't go up, which disappointed everyone instead. This indicates that the celebrity effect is not as effective as it used to be; the market is beginning to consider multiple factors. In the future, such events may not significantly affect the price.
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