Dogecoin (CRYPTO: DOGE) was trading higher on Wednesday after the U.S. Securities and Exchange Commission dropped its lawsuit against Ripple Labs (NYSE:SEVN).

在美國證券交易委員會對Ripple Labs（NYSE：SEVN）提起訴訟之後，Dogecoin（加密：Doge）在周三的交易更高。

What Happened: Dogecoin is down by 2.12% in the past 24 hours and is trading at $0.1719 at press time.

發生的事情：在過去的24小時內，Dogecoin下降了2.12％，發稿時的交易價格為0.1719美元。

The crypto market saw broader optimism after the SEC dropped its case against Ripple. The case, which began in 2020, revolved around XRP tokens being sold illegally as unregistered securities.

在SEC對Ripple的案件撤銷後，加密貨幣市場更加樂觀。該案始於2020年，圍繞XRP代幣作為未註冊證券出售。

The resolution of the XRP case has sparked renewed bullish sentiment within the crypto ecosystem, particularly among memecoins such as Dogecoin.

XRP案件的解決方案引發了加密生態系統中的新看漲情緒，尤其是在諸如Dogecoin之類的成員中。

Three analysts offered their price predictions for Dogecoin (DOGE) for Wednesday:

三位分析師在星期三提供了對Dogecoin（Doge）的價格預測：

According to Institutional Investor's optimism towards Dogecoin is also being driven by institutional developments. Earlier this year, Grayscale Investments, the world’s largest digital asset manager, launched the Grayscale Dogecoin Trust to provide accredited investors with greater access to the memecoin. Additionally, Bitwise Asset Management has submitted an application to the SEC for a spot DOGE exchange-traded fund, highlighting a nascent but growing interest from institutions.

根據機構投資者對Dogecoin的樂觀態度，機構發展也驅動了。今年早些時候，全球最大的數字資產經理Grayscale Investments啟動了Grayscale Dogecoin Trust，為認可的投資者提供了更多訪問Memecoin的投資者。此外，Bitwise Asset Management已向SEC提交了申請，以提供現場交易所交易的基金，強調了機構的新興但日益增長的興趣。

According to Polymarket, market participants currently assign a 70% likelihood to the DOGE ETF gaining approval in 2025.

根據Polymarket的數據，市場參與者目前為Doge ETF分配了70％的可能性，在2025年獲得批准。

Dogecoin was created in 2013 as a playful cryptocurrency, but the memecoin gained popularity after endorsements from high-profile figures like Elon Musk, who frequently boosted its presence on social media.

Dogecoin於2013年創建為一種嬉戲的加密貨幣，但在像Elon Musk等備受矚目的人物的認可之後，Memecoin經常在社交媒體上提高其存在。

Recent support for DOGE also comes from former President Donald Trump's administration, which has adopted a pro-crypto stance, further fueling the bullish narrative for Dogecoin.

最近對Doge的支持也來自前總統唐納德·特朗普（Donald Trump）的政府，該政府採取了親克萊普托（Crypto）的立場，進一步推動了對Dogecoin的看漲敘事。

However, investors should approach optimism with caution. Kalshi, a prediction market platform, assigns just a 12% probability to Dogecoin reaching the $1 milestone before September 2025.

但是，投資者應謹慎對待樂觀。預測市場平台卡爾西（Kalshi）在2025年9月之前只分配了達到狗狗幣1美元里程碑的可能性。

Furthermore, despite the improved regulatory climate, DOGE remains susceptible to market volatility driven by social media trends and speculative cycles.

此外，儘管有改善的監管氣氛，但Doge仍然容易受到社交媒體趨勢和投機性週期驅動的市場波動的影響。

Technical Analysis: According to technical analysis from Wallet Investor, immediate resistance for DOGE is anticipated around the levels of $0.173, with further resistance anticipated at $0.181. On the downside, Dogecoin has support at $0.164, with a lower boundary at $0.146 if sentiment turns bearish.

技術分析：根據Wallet Investor的技術分析，預計Doge的立即阻力在0.173美元之間，預計將進一步的阻力為0.181美元。不利的一面是，Dogecoin的支持為0.164美元，如果情緒變成看跌，則下邊界為0.146美元。

Dogecoin's strong community engagement, institutional backing, and recent regulatory developments provide tailwinds. Investors should carefully consider these bullish factors against the inherent market volatility, monitoring technical levels and broader macroeconomic indicators.

Dogecoin的強大社區參與，機構支持和最近的監管發展提供了逆風。投資者應仔細考慮這些看漲因素，以抵制固有的市場波動，監測技術水平和更廣泛的宏觀經濟指標。