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

在美国证券交易委员会对Ripple Labs（NYSE：SEVN）提起诉讼之后，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.

发生的事情：在过去的24小时内，Dogecoin下降了2.12％，发稿时的交易价格为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对Ripple的案件撤销后，加密货币市场更加乐观。该案始于2020年，围绕XRP代币作为未注册证券出售。

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

XRP案件的解决方案引发了加密生态系统中的新看涨情绪，尤其是在诸如Dogecoin之类的成员中。

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

三位分析师在星期三提供了对Dogecoin（Doge）的价格预测：

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.

根据机构投资者对Dogecoin的乐观态度，机构发展也驱动了。今年早些时候，全球最大的数字资产经理Grayscale Investments启动了Grayscale Dogecoin Trust，为认可的投资者提供了更多访问Memecoin的投资者。此外，Bitwise Asset Management已向SEC提交了申请，以提供现场交易所交易的基金，强调了机构的新兴但日益增长的兴趣。

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

根据Polymarket的数据，市场参与者目前为Doge ETF分配了70％的可能性，在2025年获得批准。

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于2013年创建为一种嬉戏的加密货币，但在像Elon Musk等备受瞩目的人物的认可之后，Memecoin经常在社交媒体上提高其存在。

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.

最近对Doge的支持也来自前总统唐纳德·特朗普（Donald Trump）的政府，该政府采取了亲克莱普托（Crypto）的立场，进一步推动了对Dogecoin的看涨叙事。

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，投资者应谨慎对待乐观。预测市场平台卡尔西（Kalshi）在2025年9月之前只分配了达到狗狗币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，尽管有改善的监管气氛，但Doge仍然容易受到社交媒体趋势和投机性周期驱动的市场波动的影响。

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.

技术分析：根据Wallet Investor的技术分析，预计Doge的立即阻力在0.173美元之间，预计将进一步的阻力为0.181美元。不利的一面是，Dogecoin的支持为0.164美元，如果情绪变成看跌，则下边界为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的强大社区参与，机构支持和最近的监管发展提供了逆风。投资者应仔细考虑这些看涨因素，以抵制固有的市场波动，监测技术水平和更广泛的宏观经济指标。