Dogecoin's uncapped supply (currently 149B DOGE) adds 5B new coins annually. While critics highlight this as inflationary pressure, developers maintain that:- Fixed block rewards (10k DOGE) mean inflation declines yearly (currently ~3.4% vs. 8% in 2023).

Dogecoin的無蓋供應（目前為149B Doge）每年增加5B新硬幣。批評家強調這是通貨膨脹壓力，但開發人員堅持認為： - 固定的塊獎勵（10K門檻）平均通貨膨脹率每年下降（目前約3.4％，而2023年為8％）。

- Merge-mining with Litecoin ensures network security despite low transaction fees, rendering it largely irrelevant to users.

- 與Litecoin合併開採可確保儘管交易費用低，但仍與用戶無關。

- Failed 2021-2025 proposals to cap supply at 250B kept the protocol stable but limited scarcity narratives, showcasing community priorities.

- 失敗的2021-2025提案在250B上限定供應，使協議穩定但有限的稀缺性敘述保持了社區優先事項。

Dogecoin's path depends on whether ETF optimism and whale support outpace inflation worries and shaky technicals.

Dogecoin的道路取決於ETF樂觀和鯨魚是否支持超越通貨膨脹的擔憂和搖搖欲墜的技術。

Huge potential for Dogecoin if they get the nod on ETFs

如果Dogecoin在ETF上點頭，巨大的潛力

A 68% chance of approval by December according to Polymarket

根據Polmarket的數據，12月之前獲得了68％的批准機會

21Shares and Grayscale both have active filings for a spot Bitcoin ETF

21shares和灰度都有積極的比特幣ETF的活躍文件

Optimism is certainly building

樂觀肯定是在建立

But ultimately it’s up to the SEC to decide

但最終由SEC決定

Dogecoin price is struggling to break out of the $0.22 - $0.24 range despite a 30% rally in August

儘管八月份有30％的集會

Can it break out if the SEC grants approval for Bitcoin ETFs?

如果SEC批准比特幣ETF，它會爆發嗎？

If so, then we could really see the meme coin take off

如果是這樣，那麼我們真的可以看到模因硬幣起飛

Especially considering that the apex coin has dropped to $104k recently

特別是考慮到Apex硬幣最近已降至104K美元

Leading to a knock-on effect on altcoins

導致對Altcoins的連鎖影響

Yet despite this setback, Dogecoin price is still up 18% over the last month

儘管如此，但狗狗的價格仍比上個月上漲18％

While also registering a 76% year-to-date return

同時還註冊了76％的年退貨

Perhaps this is down to the meme coin's meme-powered resilience

也許這取決於模因硬幣的模因驅動的彈性

Or maybe it's the threat of a supply shock

也許這是供應衝擊的威脅

As the top 100 wallets have been accumulating DOGE since January

自從一月份以來，前100個錢包一直在累積的門檻

In fact, they've already gobbled up 3.4B meme coins

實際上，他們已經吞噬了3.4B模因硬幣

And they're not planning to stop there

他們不打算在那裡停留

Optimism is certainly building towards the potential approval of Bitcoin ETFs by the Securities and Exchange Commission (SEC).

樂觀肯定是為了獲得證券交易委員會（SEC）的比特幣ETF的潛在批准。

With a 68% chance of approval by December according to Polymarket, traders are setting bullish wagers.

據Polymarket稱，在12月之前獲得了68％的批准，交易者正在看漲看漲的賭注。

Both 21Shares and Grayscale have active filings for a spot Bitcoin ETF, which are currently being reviewed by the SEC.

21shares和Grayscale都有積極的比特幣ETF文件，目前正在SEC審查。

This optimism is reflected in the August performance of Dogecoin price.

這種樂觀反映在八月的狗狗價格表現中。

The meme coin is struggling to break out of the $0.22 - $0.24 range despite a 30% rally.

儘管有30％的拉力賽，但模因硬幣仍在努力從0.22-0.24美元的範圍中扣除。

But if we do see an explosiveness in crypto prices if the SEC grants approval for Bitcoin ETFs.

但是，如果SEC批准比特幣ETF，我們確實會看到加密價格爆炸性。

This would be particularly ironic considering that the apex coin has dropped to $104k recently.

考慮到Apex硬幣最近已降至104K美元，這尤其具有諷刺意味。

Leading to a knock-on effect on altcoins and sparking fears of a new bear market.

導致對Altcoins產生連鎖反應，並引發人們對新熊市的擔憂。

Yet despite this setback, Dogecoin price is still up 18% over the last month.

儘管如此，儘管如此，Dogecoin的價格仍比上個月上漲18％。

While also registering a 76% year-to-date return

同時還註冊了76％的年退貨

Perhaps this is down to the meme coin's meme-powered resilience or the threat of a supply shock.

也許這取決於模因硬幣的模因驅動的彈性或供應衝擊的威脅。

As the top 100 wallets have been accumulating DOGE since January.

自1月以來，由於前100個錢包一直在累積。

In fact, they've already gobbled up 3.4B meme coins

實際上，他們已經吞噬了3.4B模因硬幣

Coins which were funded by outflows from exchanges

由交流流出資助的硬幣

According to Glassnode, there has been 7-day net deposits into exchanges.

根據GlassNode的說法，交換中已經有7天的淨沉積物。

This suggests that traders are taking some profits off the table.

這表明貿易商正在將一些利潤從餐桌上拿走。

However, considering that the 50-day SMA is at $0.194 and we've seen lows of $0.169 in 2025 at the $0.14 Fibonacci level.

但是，考慮到50天的SMA為0.194美元，我們在2025年以0.14 $ 0.14的速度水平看到了0.169美元的低點。

Then perhaps traders will buy on dips if this support level is broken.

然後，如果此支持水平破裂，交易者也許會在跌幅上購買。

This would take the meme coin to lows not seen since 2024.

這將使模因硬幣達到自2024年以來從未見過的低點。

Dogecoin price technical analysis: MACD divergence signals weakening momentum

Dogecoin價格技術分析：MACD發散信號削弱動量

Dogecoin price is struggling to break out of the $0.22 - $0.24 range despite a 30% rally in August.

儘管八月份有30％的集會，但Dogecoin Price仍在努力從0.22-0.24美元的範圍中扣除。

This move has seen the meme coin rally above the 50-day SMA at $0.194 and the $0.14 Fibonacci level, which are key support levels to watch.

此舉使Meme Coin Rally高於50天SMA的漲勢為0.194美元，而斐波那契水平為0.14美元，這是值得關注的關鍵支持水平。

A decisive break above the $0.24 high could open the door towards the $0.28 Fibonacci level.

高於0.24美元高的果斷中斷可能打開了$ 0.28斐波那契水平的大門。

However, MACD divergence suggests that the meme coin's momentum may be weakening.

但是，MACD的分歧表明模因硬幣的勢頭可能正在減弱。

The histogram is reading -0.004, which could indicate that the uptrend is slowing down.

直方圖是讀數-0.004，這可能表明上升趨勢正在減慢。

This divergence usually occurs when the indicator is trending in one direction but the price action is moving in the opposite direction.

當指示器朝一個方向趨勢而趨勢時，這種差異通常發生，但是價格動作朝相反的方向移動。

In addition, the MACD line is still in positive territory, which bodes well for the meme coin in the short term.

此外，MACD線仍在正區域中，這在短期內為模因硬幣提供了很好的體現。

But if the MACD line drops below the zero line,

但是，如果MACD線降到零行以下，