Technical Analysis: Dogecoin (DOGE) Indicates Potential Downtrend

技術分析：狗狗幣（DOGE）顯示潛在的下跌趨勢

Dogecoin (DOGE) is currently under close scrutiny from analysts after showing signs of a retracement despite a recent price surge.

儘管近期價格飆升，狗狗幣（DOGE）仍顯示出回調跡象，目前正受到分析師的密切關注。

Failed DOGE Price Spike

DOGE價格飆漲失敗

Alan Santana, a popular cryptocurrency analyst on TradingView, recently updated his outlook on DOGE's price action, stating, "I believe I recently shared bullish analysis on DOGE. If you read it, this is an important update."

TradingView 上受歡迎的加密貨幣分析師 Alan Santana 最近更新了他對DOGE 價格走勢的展望，他表示：「我相信我最近分享了對DOGE 的看漲分析。如果你讀過它，就會發現這是一個重要的更新。

According to Santana, the recent surge in DOGE's price has culminated in a failed bullish move.

Santana 表示，最近 DOGE 價格的飆升最終導致了看漲行動的失敗。

The price spike encountered resistance at the same level that triggered a crash on August 5th. For the DOGEUSDT pair, this high was seen on July 21st around $0.14300, marked by the blue line on the chart.

價格飆升遇到了與 8 月 5 日引發崩盤相同水平的阻力。對於 DOGEUSDT 貨幣對來說，這個高點出現在 7 月 21 日的 0.14300 美元附近，如圖表中的藍線所示。

Since then, DOGE has retraced below this level, forming a rounded top pattern, which is often a bearish reversal signal. "Dogecoin is poised to move lower based on technicals, market conditions, and current signals," Santana added.

此後，DOGE回撤至該水平下方，形成圓頂形態，通常是看跌反轉訊號。桑塔納補充道：“根據技術、市場狀況和當前信號，狗狗幣準備走低。”

Potential Price Decline and Future Movement

潛在的價格下跌與未來趨勢

While DOGE is expected to experience a decline, Santana suggests that this could lead to the formation of a higher low. This means that while a pullback will occur, the lows reached should not be extreme.

雖然 DOGE 預計會下跌，但桑塔納表示，這可能會導致形成更高的低點。這意味著雖然會出現回調，但所達到的低點不應太極端。

The decline is anticipated to take place around the August 5th lows, slightly above or below, but not significantly lower.

預計下跌將發生在 8 月 5 日低點附近，略高於或低於，但不會大幅下降。

"The good news is that these types of moves can result in a higher low, meaning the drop does not need to be too deep," Santana explained.

桑塔納解釋說：“好消息是，這些類型的走勢可能會導致更高的低點，這意味著跌幅不需要太深。”

Trading and Investment Advice

交易和投資建議

For DOGE traders and holders, Santana advises closing long positions as he anticipates the price to continue declining over the next few weeks to months.

對於 DOGE 交易者和持有者，桑塔納建議關閉多頭頭寸，因為他預計價格將在未來幾週到幾個月內繼續下跌。

For those holding a spot position, he recommends selling now and buying back at a lower price. "If you're a long-term holder, you can just let the whole thing play out as this will likely only take a few weeks to months," Santana added.

對於那些持有現貨頭寸的人，他建議現在賣出並以較低的價格回購。桑塔納補充說：“如果你是長期持有者，你可以讓整個事情發生，因為這可能只需要幾周到幾個月的時間。”

Long-Term Projections and 2025 Growth Potential

長期預測與 2025 年成長潛力

For those who are long-term accumulators, Santana suggests holding their coins and buying more on the dips.

對於那些長期累積的人，桑塔納建議持有他們的代幣並在逢低買入更多。

"If you're a long-term holder, get comfortable holding and buying more on the way down. We're still looking at some massive growth in 2025," Santana stated optimistically.

「如果你是長期持有者，請放心持有，並在下跌時買入更多。我們仍期待 2025 年大幅成長，」桑塔納樂觀地表示。

As of writing, Dogecoin is trading at around $0.1402, showing a 1.87% gain in the last 24 hours. However, with bearish signals continuing to emerge on the charts, traders and investors are advised to remain cautious in the coming weeks.

截至撰寫本文時，狗狗幣的交易價格約為 0.1402 美元，過去 24 小時內上漲 1.87%。然而，隨著圖表上繼續出現看跌訊號，建議交易者和投資者在未來幾週保持謹慎。