Dogecoin Poised for a Bullish Reversal, Analysts Suggest

分析師表示，狗狗幣有望出現看漲逆轉

Since early June, Dogecoin (DOGE) has witnessed a significant downtrend, shedding over 22% of its value. Despite this downward momentum, analysts believe DOGE's price could be on the verge of a major bullish reversal based on technical indicators.

自 6 月初以來，狗狗幣 (DOGE) 經歷了顯著的下跌趨勢，價值下跌超過 22%。儘管存在這種下行勢頭，但分析師認為，根據技術指標，DOGE 的價格可能處於重大看漲逆轉的邊緣。

Bullish Prediction Based on Elliott Wave

基於艾略特波浪的看漲預測

Crypto analyst Big Mike has outlined a bullish prediction for DOGE, suggesting that the memecoin could surpass the $1 mark within this bull cycle. This price forecast is based on Elliott Wave theory, supported by a range of technical indicators.

加密貨幣分析師 Big Mike 概述了 DOGE 的看漲預測，表明 memecoin 可能在本輪牛市週期內突破 1 美元大關。此價格預測是基於艾略特波浪理論，並得到一系列技術指標的支持。

Technical Analysis and Elliott Wave

技術分析與艾略特波浪

According to Big Mike's analysis, DOGE could hit $1 by late 2024 to 2025. Elliott Wave theory, a technical analysis tool used to predict market cycles and price movements by identifying repeating fractal wave patterns, underlies this prediction.

根據Big Mike 的分析，DOGE 可能會在2024 年底到2025 年達到1 美元。一預測的基礎。

Finbold reported that a recent analysis of the DOGE/USDT weekly chart reveals a clear Elliott Wave pattern. DOGE has completed five major waves, reaching a peak around $0.68835.

Finbold 報告稱，最近對 DOGE/USDT 週線圖的分析揭示了清晰的艾略特波浪模式。 DOGE已完成五波大浪，在0.68835美元附近達到高峰。

After this peak, DOGE entered a corrective phase, forming waves W, X, and Y, indicating a period of consolidation.

在這個高峰之後，DOGE 進入修正階段，形成 W、X 和 Y 波，表示進入盤整期。

New Bullish Cycle

新的看漲週期

DOGE is now in a new bullish cycle, with waves (1) and (2) already formed. The price action is also contained within an ascending channel pattern, providing a framework for predicting future movements and supporting the bullish outlook.

DOGE 現在處於新的看漲週期，波浪 (1) 和 (2) 已經形成。價格走勢也包含在上升通道模式內，為預測未來趨勢和支援看漲前景提供了框架。

Wave (3) is projected to propel DOGE to higher resistance levels, potentially between $0.35 and $0.50, based on Fibonacci extensions.

根據斐波那契擴展，波浪 (3) 預計將推動 DOGE 升至更高的阻力位，可能在 0.35 美元至 0.50 美元之間。

This wave is typically the strongest and longest, driven by significant market momentum. The upper boundary of the ascending channel aligns with this target, reinforcing the potential price range.

在巨大的市場動力的推動下，這一波通常是最強且持續時間最長的。上升通道的上限與此目標一致，強化了潛在的價格範圍。

Following wave (3), a corrective wave (4) is expected. This wave usually retraces a portion of the gains from wave (3), potentially taking DOGE into the support range of $0.20 to $0.25. This correction within the ascending channel is crucial for building the base for the final impulse.

在波 (3) 之後，預計會出現修正波 (4)。這一波通常會回撤 (3) 波的部分漲幅，可能會將 DOGE 推入 0.20 美元至 0.25 美元的支撐區間。上升通道內的這種修正對於為最終推動力奠定基礎至關重要。

DOGE's Potential Surge to $1

DOGE 的潛力飆升至 1 美元

Wave (5) represents the final impulse in this cycle and could drive DOGE toward the $1 mark. The strength of wave (5) often correlates with market sentiment and external factors, such as a broader crypto market rally or significant news events.

第 (5) 浪代表本週期的最後推動力，可能推動 DOGE 升至 1 美元大關。第 (5) 波的強度通常與市場情緒和外部因素相關，例如更廣泛的加密貨幣市場反彈或重大新聞事件。

The upper trendline of the ascending channel could guide this wave, potentially extending DOGE's price significantly, especially if accompanied by strong trading volume and investor confidence.

上升通道的上部趨勢線可能會引導這波浪潮，從而可能顯著延長 DOGE 的價格，特別是如果伴隨著強勁的交易量和投資者信心。

As DOGE navigates through these predicted waves, investors and traders will be closely monitoring key technical levels and market conditions. The possibility of DOGE reaching $1 depends on a combination of factors, including market sentiment, external news events, and the overall performance of the crypto market.

當 DOGE 經歷這些預測的波浪時，投資者和交易者將密切關注關鍵技術水平和市場狀況。 DOGE 達到 1 美元的可能性取決於多種因素的結合，包括市場情緒、外部新聞事件以及加密貨幣市場的整體表現。