Dogecoin Price Forecast: DOGE, a popular meme-inspired cryptocurrency, recently saw its value decrease significantly.
Over the past 24 hours, Dogecoin price has dropped by over 5%, reaching a new low of $0.1346. This downturn is part of a broader negative trend affecting the entire cryptocurrency market.

狗狗幣價格預測：DOGE是一種受歡迎的受迷因啟發的加密貨幣，最近其價值大幅下跌。這種低迷是影響整個加密貨幣市場的更廣泛負面趨勢的一部分。

Despite a slight decrease in overall value, Dogecoin has experienced a notable 26% rise in trading volume, reaching $1.12 billion.
This uptick highlights a growing interest among traders. Currently, with a market capitalization of $19.39 billion, Dogecoin ranks as the eighth largest cryptocurrency.

儘管整體價值略有下降，但狗狗幣的交易量顯著增長了 26%，達到 11.2 億美元。目前，狗狗幣的市值為 193.9 億美元，排名第八大加密貨幣。

Dogecoin Price Forecast: Potential Downturn or Recovery on the Horizon?
The meme coin Dogecoin has seen its value drop significantly by over 18% in the last month. This decline started when DOGE fell below the important $0.2 mark in early April. Over the past week, the coin’s price swung between $0.165 and $0.13, resulting in a near 15% fall. The consistent selling pressure suggests a pessimistic forecast for the cryptocurrency as it loses ground.

狗狗幣價格預測：潛在的衰退還是即將復甦？當 DOGE 在 4 月初跌破重要的 0.2 美元關卡時，這種下跌就開始了。過去一周，該代幣的價格在 0.165 美元至 0.13 美元之間波動，跌幅接近 15%。持續的拋售壓力表明人們對加密貨幣的悲觀預測，因為它正在下跌。

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Dogecoin Price Prediction

狗狗幣價格預測

Dogecoin has recently become the focus of notable investor intrigue, primarily due to significant activity by a crypto whale.
Recent data from the on-chain transaction tracker Whale Alert highlights two large-scale acquisitions by an anonymous investor.

狗狗幣最近成為了引人注目的投資者興趣的焦點，這主要是由於加密鯨魚的重大活動。

Initially, this investor channeled funds to secure a substantial 150 million DOGE, equivalent to approximately $21.28 million, from the trading platform Robinhood.
This move alone signaled a potent market shift, drawing considerable attention.

最初，該投資者從交易平台 Robinhood 籌集了 1.5 億枚 DOGE（約 2,128 萬美元）。

Subsequently, the same investor added another 76.31 million DOGE to their portfolio, an investment worth about $10.76 million, again through Robinhood.
These consecutive large purchases by a single entity underscore a heightened market engagement with Dogecoin, even as its price struggles.

隨後，該投資者又透過Robinhood 向其投資組合添加了7,631 萬枚DOGE，投資價值約1,076 萬美元。價格仍在掙扎。

A drop below the $0.12 mark may prompt DOGE to hit a support level at $0.11, possibly indicating a turn towards a bearish market.
The following critical support levels are set at $0.10 and $0.09. A breach below these might lead to a further drop to approximately $0.08.

跌破 0.12 美元大關可能會促使 DOGE 觸及 0.11 美元的支撐位，這可能表明市場轉向看跌。低於這些值可能會導致價格進一步跌至約 0.08 美元。

Conversely, if bullish trends take hold, Dogecoin could sustain its position above the crucial $0.12 threshold.
This could lead to a rise towards $0.15 and potentially to the much-awaited $1 mark. Such positive developments hinge on Dogecoin overcoming significant resistance and maintaining strong support levels.

相反，如果看漲趨勢持續下去，狗狗幣可能會維持在關鍵的 0.12 美元門檻之上。這種積極的發展取決於狗狗幣克服重大阻力並維持強勁的支撐位。

Technical Indicators Show Continuation of Bearish Trend
The Relative Strength Index (RSI) currently sits at 34.81, indicating that Dogecoin might be approaching oversold territory, suggesting the potential for a price rebound if investor interest increases. Additionally, the Moving Average Convergence Divergence (MACD) shows a bearish crossover, hinting that the downward trend might continue in the short term.

技術指標顯示看跌趨勢持續相對強弱指數（RSI）目前為34.81，表明狗狗幣可能正在接近超賣區域，這表明如果投資者興趣增加，價格可能會反彈。此外，移動平均線收斂分歧（MACD）顯示看跌交叉，暗示短期內可能會繼續下行趨勢。

Dogecoin Price Prediction | Source: Tradingview

狗狗幣價格預測 |來源：Tradingview

The Average Directional Index (ADX), currently at 30.41, indicates that the trend has strength but might be losing some momentum.
Meanwhile, the Awesome Oscillator (AO) is showing a value of -0.02714, which suggests that there might be bearish pressure in the market.

平均方向指數 (ADX) 目前為 30.41，表明趨勢強勁，但可能會失去一些動力。

The post DOGE Price Forecast: Can Dogecoin Finally Reach $0.2 On Rising Whale Interest? appeared first on CoinGape.

DOGE 價格預測：隨著鯨魚興趣的上升，狗狗幣最終能否達到 0.2 美元？首先出現在 CoinGape 上。