Dogecoin Price Prediction: Amid the recent market downturn, Dogecoin experienced significant selling pressure at the $0.22 mark, leading to a 20% price decrease to now trade at $0.18. In the 4-hour chart, this peak has formed a double-top pattern, intensifying the bearish sentiment among traders. With the Bitcoin pre-halving correction underway, there is speculation on whether this trend will extend the downward movement in altcoins.

狗狗幣價格預測：在最近的市場低迷中，狗狗幣在 0.22 美元關卡經歷了巨大的拋售壓力，導致價格下跌 20%，目前交易價格為 0.18 美元。 4小時圖中，此高峰已形成雙頂形態，加劇了交易者的看空情緒。隨著比特幣減半前的調整正在進行，有人猜測這種趨勢是否會延續山寨幣的下跌趨勢。

Dogecoin’s Bullish Surge Fueled by Awakening Whale Wallets

鯨魚錢包的覺醒推動了狗狗幣的看漲浪潮

Unlike other leading cryptocurrencies, Dogecoin, the popular dog-themed meme coin, displayed an aggressive bullish trend in March. The asset witnessed a notable inflow in the month’s fourth week, which propelled its value from $0.122 to $0.228 high to register 86.8%.growth.

與其他領先的加密貨幣不同，狗狗幣（Dogecoin）是一種流行的以狗為主題的迷因硬幣，在三月表現出激進的看漲趨勢。該資產在本月第四週出現了顯著的資金流入，使其價值從 0.122 美元上漲至 0.228 美元高位，成長 86.8%。

As per a recent highlight from crypto analytics platform Santiment, this growth is largely driven by the awakening of major dormant whale wallets, which has injected Dogecoin back into the market without causing the typical FOMO that characterizes market peaks. 

根據加密分析平台 Santiment 最近的一個亮點，這種增長很大程度上是由主要休眠鯨魚錢包的覺醒推動的，這些錢包將狗狗幣重新註入市場，而不會造成典型的市場高峰時期的 FOMO 現象。

Moreover, the data reveals a marginal 0.21% increase in the number of DOGE wallets with coins over the past two weeks. While, the average age of Dogecoin investments has decreased from 510 to 416 days within five weeks, indicating increased movement of long-held coins.

此外，數據顯示過去兩週 DOGE 代幣錢包數量略有增加 0.21%。同時，狗狗幣的平均投資期限在五週內從 510 天縮短至 416 天，這表明長期持有的加密貨幣的流動性增加。

#Dogecoin is up another +10% today, and +29% this week. The top #memecoin by market cap (#8 market cap #crypto asset overall) is being powered by major dormant whales moving $DOGE back into circulation, and a lack of #FOMO that would normally form tops. https://t.co/KKxqe4SBCm pic.twitter.com/Mb8YF71iIq

#Dogecoin 今天又上漲了 10%，本週又上漲了 29%。按市值排名最高的#memecoin（整體市值#8）是由主要休眠鯨魚將$DOGE重新投入流通所推動的，並且缺乏通常會形成頂部的#FOMO。 https://t.co/KKxqe4SBCm pic.twitter.com/Mb8YF71iIq

— Santiment (@santimentfeed) March 31, 2024

- Santiment (@santimentfeed) 2024 年 3 月 31 日

However, with the current market correction, the DOGE price reverted from the $0.22 barrier and developed a double-top bearish pattern. With a 9% intraday drop, the sellers gave a decisive breakdown from the neckline support at $0.195.

然而，隨著目前市場調整，DOGE 價格從 0.22 美元關卡回落，並形成雙頂看跌形態。盤中下跌 9%，賣家決定從 0.195 美元的頸線支撐位跌破。

If the supply pressure persists, the Dogecoin price may plunge another 8% to hit combined support of the ascending trendline and 38.2% Fibonacci retracement level at $0.17. This confluence of technical levels should bolster buyers to counter and regain trend control.

如果供應壓力持續存在，狗狗幣價格可能會再暴跌 8%，觸及上升趨勢線和 38.2% 斐波那契回檔位 0.17 美元的綜合支撐位。這種技術水準的融合應該會支持買家反擊並重新控制趨勢。

Technical Indicator

技術指標

• Exponential Moving Average: The 50-day EMA will be key support of memecoin holders amid the current correction.

指數移動平均線：在目前的調整中，50 日均線將成為 memecoin 持有者的關鍵支撐。

• Relative Strength Index: A notable bearish divergence in the daily RSI slope reflects the weakening of buyers’ conviction and a higher potential for prolonged correction.

相對強弱指數：每日 RSI 斜率的顯著看跌背離反映了買家信心的減弱和長期修正的可能性較大。

The post Bearish Pattern Sets Dogecoin Price for 8% Fall Ahead, But There’s a Twist appeared first on CoinGape.

後看跌模式使狗狗幣價格將下跌 8%，但有一個轉折首先出現在 CoinGape 上。