Why is DOG’s price up today? (04/09/2025)

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Accepted Answer

## TLDR  
**Own The Doge (DOG) rose 9.10% in the past 24h**, outpacing the broader crypto market’s 0.62% decline. The rally aligns with bullish technical signals and sector-specific momentum.

1. **Regulatory Tailwinds (Bullish Impact)** – SEC’s March 2025 PoW clarity reduced uncertainty for Dogecoin-related assets.  
2. **Technical Breakout (Bullish)** – Price crossed key moving averages, signaling upward momentum.  
3. **Meme Coin Resurgence** – Rising altcoin season index (+13.95% in 30d) favors speculative assets.

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## Deep Dive  
### 1. Regulatory Clarity for PoW Assets (Bullish Impact)  
**Overview:** On March 20, 2025, the SEC clarified that proof-of-work (PoW) mining operations—including Dogecoin-related tokens—are not securities. This eased compliance fears for DOG, which shares thematic ties with Dogecoin ([SEC Statement](https://www.coinex.com/en/academy/detail/2328)).

**What this means:** Reduced regulatory risk likely boosted investor confidence in DOG, a meme coin leveraging Dogecoin’s PoW narrative. The token’s 28.69% 30-day gain suggests sustained momentum post-announcement.

**What to look out for:** Further regulatory developments impacting meme coins or PoW tokens.

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### 2. Technical Momentum (Bullish)  
**Overview:** DOG’s price ($0.00203) sits above its 7-day SMA ($0.001848) and 30-day SMA ($0.0018687), confirming a bullish crossover. The RSI-7 (65.94) nears overbought levels but hasn’t yet signaled exhaustion.

**What this means:** Traders may interpret the SMA crossover and rising RSI as a buy signal, especially with the 24h volume spiking 304% to $1.8M. The next resistance sits at the 23.6% Fibonacci retracement ($0.00199).

**What to look out for:** A close above $0.00205 could target $0.00228 (127.2% Fibonacci extension).

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### 3. Altcoin Season Speculation (Mixed Impact)  
**Overview:** The Altcoin Season Index has risen 13.95% in 30 days, signaling capital rotation into smaller caps. DOG’s 37.26% 60-day gain aligns with this trend.

**What this means:** Meme coins often surge during altcoin rallies due to their low float and community-driven hype. However, DOG’s 89.46% 90-day gain raises questions about sustainability.

**What to look out for:** A drop in Bitcoin dominance below 57% could extend the altcoin rally.

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## Conclusion  
DOG’s rally combines regulatory relief for PoW tokens, bullish technicals, and altcoin season momentum. While the token benefits from meme coin speculation, its high volatility (304% volume spike) warrants caution.

**Key watch:** Can DOG hold above its 7-day EMA ($0.0018773) amid shifting market sentiment? Monitor Bitcoin dominance and DOG’s on-chain activity for directional cues.

Latest Own The Doge (DOG) Price Analysis

TLDR

Deep Dive

1. Regulatory Clarity for PoW Assets (Bullish Impact)

2. Technical Momentum (Bullish)

3. Altcoin Season Speculation (Mixed Impact)

Conclusion

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