Despite Dogecoin’s price increase, market sentiment remained negative, and indicators suggested a bearish outlook for the meme coin.

儘管狗狗幣價格上漲，但市場情緒仍然消極，指標顯示狗狗幣的前景看跌。

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Over the past week, Dogecoin’s price rose significantly, with CoinMarketCap reporting a more than 65% increase. Currently, DOGE is trading at $0.1414, with a market capitalization exceeding $20 billion.

過去一周，狗狗幣的價格大幅上漲，CoinMarketCap 報告稱漲幅超過 65%。目前，DOGE 的交易價格為 0.1414 美元，市值超過 200 億美元。

DOGE Price Analysis: Exploring Potential Targets

On March 2nd, analyst World of Charts predicted a potential 135% surge in DOGE’s price, setting its next target at $0.265.

DOGE 價格分析：探索潛在目標 3 月 2 日，分析師 World of Charts 預測 DOGE 價格可能飆升 135%，將其下一個目標定為 0.265 美元。

According to our analysis, DOGE encountered strong resistance around the $0.143 mark. A breakout above this level could trigger a further bullish rally.

根據我們的分析，DOGE 在 0.143 美元關卡附近遇到強勁阻力。突破該水平可能會引發進一步的看漲反彈。

Source: Hyblock Capital

來源：Hyblock 資本

Our examination of Santiment’s data indicated a considerable increase in Dogecoin’s Social Volume and MVRV Ratio, suggesting an elevated chance of a sustained price increase.

我們對 Santiment 數據的檢查表明，狗狗幣的社交量和 MVRV 比率大幅增加，表明價格持續上漲的可能性較高。

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Additionally, the Binance Funding Rate for DOGE remained in the green, indicating active buying by derivatives investors at the time of assessment.

此外，DOGE 的幣安融資利率仍保持綠色，顯示在評估時衍生性商品投資者積極買入。

Despite the overall price increase, a few metrics presented a bearish outlook. Notably, DOGE’s Weighted Sentiment dropped, indicating an increase in negative sentiment surrounding the coin.

儘管整體價格上漲，但一些指標呈現看跌前景。值得注意的是，DOGE 的加權情緒下降，顯示圍繞該代幣的負面情緒增加。

Bearish Signals for DOGE: Analyzing Metrics

Another bearish metric observed recently is the drop in Open Interest for DOGE.

DOGE 的看跌訊號：分析指標 最近觀察到的另一個看跌指標是 DOGE 的未平倉合約下降。

Source: Santiment

資料來源：Santiment

Furthermore, at the time of assessment, the meme coin’s price had reached the upper limit of the Bollinger Bands, while its Relative Strength Index (RSI) indicated an overbought condition.

此外，在評估時，meme幣的價格已達到布林通道上限，而其相對強弱指數（RSI）表明處於超買狀態。

Source: TradingView

來源：TradingView

These indicators suggest that selling pressure may increase in the coming days, potentially signaling the end of DOGE’s bullish trend.

這些指標表明，未來幾天拋售壓力可能會增加，可能預示著 DOGE 看漲趨勢的結束。

Also Read: JasmyCoin Price Surges 161% Weekly: Is It the Best Crypto to Buy Now?

另請閱讀：JasmyCoin 價格每週飆升 161%：它是現在最值得購買的加密貨幣嗎？

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

重要提示：請注意，本文僅旨在提供信息，不應被視為法律、稅務、投資、財務或任何其他類型的建議。