• Crypto analyst Ali Martinez suggests Dogecoin is poised for significant price movement.

加密貨幣分析師阿里馬丁內斯 (Ali Martinez) 表示，狗狗幣有望大幅價格波動。

• Bollinger Bands indicate tight price volatility, similar to October 2023.

布林線顯示價格波動劇烈，與 2023 年 10 月類似。

• Uncertainty surrounds whether this volatility will lead to a bullish surge or a bearish collapse.

這種波動是否會導致牛市飆升或熊市崩潰存在不確定性。

Based on technical indicators flagged by prominent crypto analyst Ali Martinez this week, meme-inspired token Dogecoin looks set to enjoy a sharp move in price action after an extended period of listless trading.

根據著名加密貨幣分析師阿里馬丁內斯(Ali Martinez) 本週提出的技術指標，受迷因啟發的代幣狗狗幣在經歷了長時間的無精打采的交易後，看起來將享受價格走勢的大幅波動。

The question now becomes whether the impending volatility spike portends a bullish price surge or another collapse for the embattled DOGE.

現在的問題是，即將到來的波動性飆升是否預示著價格上漲，或者陷入困境的狗狗幣再次崩潰。

In his recent tweet, Martinez pointed to Dogecoin’s tightening Bollinger Bands—a tool used to model price volatility—as signaling the calm before the storm. According to the analyst, DOGE’s four-hour chart shows the tightest squeeze for the wildly fluctuating asset since October 2023.

馬丁內斯在最近的推文中指出，狗狗幣收緊的布林通道（一種用於模擬價格波動的工具）預示著暴風雨前的寧靜。這位分析師表示，DOGE 的四小時圖表顯示，這種劇烈波動的資產正面臨 2023 年 10 月以來最緊縮的局面。

Historically, bands constricting to extremes tend to presage big price swings as compressed volatility gets released all at once when the market picks a direction. Hence, DOGE appears to be positioning for potentially sizable moves after languishing under $0.08 for most of 2023 thus far.

從歷史上看，收縮至極端的區間往往預示著價格的大幅波動，因為當市場選擇一個方向時，壓縮的波動性會立即釋放。因此，在 2023 年迄今為止大部分時間都在 0.08 美元以下徘徊之後，DOGE 似乎正在為潛在的大幅波動做好準備。

Will Dogecoin surge or dip?

狗狗幣會上漲還是下跌？

However, analysts cannot forecast with certainty whether pent-up energy will translate into a bullish impulse higher or a capitulatory plunge to fresh multi-year lows.

然而，分析師無法確定地預測被壓抑的能量是否會轉化為看漲衝動，或跌至新的多年低點。

Hence the risk-skyrocketing valuations just as easily as another leg lower. Nonetheless, the call options remain alluring for opportunistic speculators willing to play a high-stakes game of chance, depending on which way the trend resolves.

因此，風險估值的飆升就像另一輪下跌一樣容易。儘管如此，看漲期權對於願意玩高風險的機會遊戲的機會主義投機者來說仍然具有吸引力，具體取決於趨勢的解決方式。

Those betting bullishly will focus on the strong on-chain user growth continuing to shine through DOGE’s sideways price action as a cause for optimism. Moreover, crypto markets have broadly put in a constructive start to 2023 relative to last year’s carnage. Hence, assets like DOGE that have stalled and are deeply oversold could attract renewed risk-on flows if momentum builds.

那些看漲的押注將集中在鏈上用戶的強勁增長上，這些增長將繼續透過 DOGE 的橫向價格走勢表現出來，作為樂觀的理由。此外，與去年的慘狀相比，加密市場在 2023 年總體上呈現出建設性的開局。因此，如果勢頭增強，像 DOGE 這樣已經停滯且嚴重超賣的資產可能會吸引新的風險資金流。

In essence, DOGE sits at a pivotal fork in the road, with its next major move likely to set the course for some time. While the nervous volatility could shake out holders on the wrong side of the impending breakout, speculators equipped to trade in both directions stand ready to pounce on whichever path DOGE heads down next.

從本質上講，DOGE 正處於關鍵的岔路口，其下一個重大舉措可能會在一段時間內確定方向。雖然緊張的波動可能會動搖持有者在即將到來的突破中的錯誤立場，但具備雙向交易能力的投機者已準備好向 DOGE 接下來的方向發起攻擊。