Today, everyone in the circle is talking about this—Dogecoin, the meme coin Musk has mentioned countless times, is starting to rally again. This time, it's not just about calls; it's genuinely pushing higher with volume. An ancient meme coin leading the charge at this moment already indicates one thing: market sentiment is truly warming up, and it's warming up without hesitation.

I looked at the market on April 29th, and Dogecoin's price surged to around 0.1094, with an intraday increase of over 10%. Over the past 24 hours, it has been pushed up from around 0.098, reaching a high of 0.112. The trading volume is astonishing—nearly 1.8 billion Dogecoins traded in 24 hours, with enough turnover to be considered very active. This clearly isn't something retail investors can pile up randomly; there are big funds seriously buying in.

From a technical perspective, it also looks quite good. The short-term moving average MA7 has already crossed above MA25 and MA99, and the MACD has confirmed a golden cross above the zero line, indicating momentum is still there. The only thing to watch out for is that the RSI is indeed a bit high, and with recent futures contracts leveraging heavily, the bulls and bears are likely to clash soon. But just looking at this daily chart, the trend hasn't finished playing out. Such volume breakout usually has enough inertia to sustain at least a little longer, and it won't just fizzle out in a day.

Actually, the trigger for this rally isn't just Bitcoin stabilizing. Over in Europe, the largest ETF platform Xetra just listed the 21Shares Dogecoin ETP. It's like opening a compliant door for traditional funds—no need to manage wallets or private keys, just buy it like a stock to hold Dogecoin. Plus, with the SEC and CFTC in the US previously classifying it as a digital commodity rather than a security, the regulatory sword hanging over it has been lifted. The biggest concern for institutional entry is policy risk, and now that's much less of an issue.

So, looking back, even an old-timer like Dogecoin being pulled up strongly indicates that the market is no longer just about stock-to-stock competition—new money is really coming in. For the remaining days of this week, as long as the sentiment doesn't suddenly turn cold, the rotation of small coins is likely to continue. Of course, with the candlestick at high levels, don’t get too overleveraged, and remember to take profits when things look good. $DOGE ‌#伊朗提出霍尔木兹海峡重开协议条件