Dogecoin (DOGE) has experienced a significant price decline over the past month, mirroring broader market trends. This drop has fueled questions about its future direction in a market dominated by selling pressure. However, crypto analyst Trader Tardigrade recently offered a bullish outlook.

在過去的一個月中，Dogecoin（Doge）的價格下降了大幅下降，反映了更廣泛的市場趨勢。 這種下降引起了人們對其未來方向的疑問，因為它以銷售壓力為主導的市場。 但是，加密分析師Trader Tardigrade最近提供了看漲的前景。

DOGE Forms Dragonfly Doji Pattern

杜格形式的蜻蜓doji模式

In an X post, the analyst highlighted the formation of a Dragonfly Doji pattern on DOGE's daily chart. This pattern, typically appearing after a downward trend, is often interpreted as a bullish signal. It suggests that despite selling pressure, buyers are emerging, potentially signaling a price recovery. The pattern indicates a possible imminent price jump for the meme coin.

在X帖子中，分析師強調了Doge每日圖表上的蜻蜓Doji模式的形成。 這種模式通常以向下趨勢出現，通常被解釋為看漲信號。 它表明，儘管銷售壓力，買家仍在出現，並有可能表明價格恢復。 該模式表明模因硬幣的即將出現的價格上漲。

The analyst also cited the Mean Reversion theory, suggesting DOGE's current downturn is a retracement toward historical price averages. This theory posits that asset prices eventually revert to their mean. Therefore, despite the recent drop, DOGE could be poised for an upturn, potentially returning to higher price levels.

分析師還引用了平均回歸理論，這表明Doge當前的低迷是對歷史價格平均值的回溯。 該理論認為資產價格最終恢復到其平均值。 因此，儘管最近有所下降，但Doge仍可以改善，可能會恢復到更高的價格水平。

DOGE Price Update

DOGE價格更新

Dogecoin has faced considerable selling pressure recently, with a 24.4% decline over the past month and a 7.8% drop in the last seven days. Currently trading at $0.1876, it experienced a 3.8% decrease in the past 24 hours. However, these figures also suggest the downtrend is weakening as buyers enter the market, hinting at a potential upswing as sentiment shifts bullish.

Dogecoin最近面臨著巨大的銷售壓力，過去一個月下降了24.4％，過去7天下降了7.8％。 目前的交易價格為0.1876美元，在過去24小時內下降了3.8％。 但是，這些數字還表明，隨著買家進入市場，下降趨勢正在減弱，這暗示著潛在的上升，隨著情緒轉移看漲。

A key on-chain indicator supporting this bullish outlook is Open Interest (OI). Over the past 24 hours, DOGE's OI increased by 2.73% to $1.74 billion, reflecting growing trader interest and position creation. This surge suggests accumulation by traders and investors confident in DOGE's growth potential.

支持這種看漲前景的關鍵鏈上指標是開放興趣（OI）。 在過去的24小時內，Doge's Oi增長了2.73％，達到17.4億美元，這反映了交易者的利益和職位創造。 這種激增表明，交易者和投資者對Doge的增長潛力充滿信心。

Continued buying pressure, particularly during market dips, could propel DOGE's price toward key resistance levels of $0.2050 and $0.2120. Reaching these levels would solidify a bullish trend.

持續的購買壓力，特別是在市場下降期間，可以將Doge的價格推向$ 0.2050和0.2120美元的關鍵阻力水平。 達到這些水平將鞏固看漲的趨勢。