Retail hype makes Dogecoin stagger in meme-driven tightrope

Dogecoin (DOGE) [Soaring] rose 11.3%, consolidating within the range, reflecting a balanced bullish and bearish momentum, and traders expect directional changes in the short term. This meme-inspired cryptocurrency is driven by retail sentiment and social media trends rather than fundamentals and is still in a volatile state, with on-chain data showing that its holdings are tight and the long-term market outlook is still unclear.