Despite the overall recovery in the cryptocurrency market from the beginning to almost the middle of 2023, most memecoins, especially Dogecoin (DOGE), have shown a sluggish performance. Investors have been closely monitoring the breakout of the descending trend line that has maintained its data presence in DOGE since May 2022, which has dropped a few ranks in terms of market value among the largest cryptocurrencies list.

儘管從 2023 年初到中期，加密貨幣市場整體復甦，但大多數 memecoin，尤其是狗狗幣 (DOGE) 表現不佳。投資者一直在密切關注下降趨勢線的突破，該趨勢線自2022 年5 月以來一直在DOGE 中保持數據存在，在最大的加密貨幣排行榜中，就市值而言，DOGE 的排名已經下降了一些。

Critical Threshold in Front of DOGE

DOGE 面前的臨界閾值

Experienced cryptocurrency analyst Ali Martinez stated that Dogecoin is approaching the completion point of the descending triangle formation that has maintained its presence for years. The weekly candle closing above $0.0835 could mark the beginning of a new rally for DOGE, potentially leading it towards $1. However, investors need to be cautious about maintaining the support at $0.0482, as a break at this level could trigger a sharp decline in price.

經驗豐富的加密貨幣分析師阿里馬丁內斯表示，狗狗幣正在接近多年來一直保持存在的下降三角形形態的完成點。每週蠟燭收盤價高於 0.0835 美元可能標誌著 DOGE 新一輪上漲的開始，並有可能引領其走向 1 美元。不過，投資者需要謹慎維持 0.0482 美元的支撐位，因為突破該水準可能會引發價格大幅下跌。

At the time of writing this article, Dogecoin is trading at $0.058 with a 1.18% increase and a market cap of $8.28 billion. The excessive selling pressure observed in DOGE in recent months could prepare the altcoin for a strong rally and potentially enable it to end the year on a strong note.

在撰寫本文時，狗狗幣的交易價格為 0.058 美元，上漲 1.18%，市值為 82.8 億美元。近幾個月來 DOGE 出現的過度拋售壓力可能會為山寨幣的強勁反彈做好準備，並有可能使其在今年年底表現強勁。

Dogecoin Price Prediction

狗狗幣價格預測

Many analysts who rely solely on technical indicators expect DOGE to recover its price in the near future. The Relative Strength Index (RSI) on the price chart has once again approached the 30 level after spending nearly two months below 50, often dipping below 40 and even lower during this time. Furthermore, DOGE’s 30-day Exponential Moving Average (EMA) has remained significantly below its 200-day average for several months, indicating that the altcoin’s value is relatively low and ready for a potential uptrend.

許多僅依賴技術指標的分析師預計 DOGE 的價格將在不久的將來恢復。價格圖表上的相對強弱指數（RSI）在經歷了近兩個月低於 50 的水平後，再次逼近 30 的水平，在此期間經常跌破 40 甚至更低。此外，DOGE 的 30 天指數移動平均線 (EMA) 幾個月來一直顯著低於 200 天平均線，表明山寨幣的價值相對較低，並準備好迎接潛在的上漲趨勢。

However, investors should be cautious as there are signs that bears are strong in Dogecoin. DOGE recently fell below the significant support level of $0.60. Moreover, the dominant sentiment among Dogecoin investors, as evidenced by significant transfers made by whales recently, indicates a tendency to sell DOGE rather than accumulate it.

然而，投資者應保持謹慎，因為有跡象顯示狗狗幣的空頭力量較強。 DOGE 最近跌破了 0.60 美元的重要支撐位。此外，狗狗幣投資者的主導情緒（最近鯨魚的大量轉移證明了這一點）表明傾向於出售狗狗幣而不是累積狗狗幣。

In addition, the trading volume of DOGE in the last 24 hours has dropped to around $175 million today from the peak level of $9 billion in November last year, which is another indicator of weakness. This decrease in trading volume is further evidence of waning investor interest in the altcoin.

此外，DOGE過去24小時的交易量已從去年11月90億美元的高峰降至今天的1.75億美元左右，這是另一個疲軟的跡象。交易量的下降進一步證明投資者對山寨幣的興趣減弱。

繼續閱讀：https://en.coin-turk.com/ritic-threshold-in-front-of-doge-can-dogecoin-reach-1/