Can Dogecoin Bounce Back from a Critical Support Level?

Dogecoin可以從關鍵的支持水平反彈嗎？

Dogecoin (DOGE) has fallen to a crucial support level, raising questions about its potential for recovery. After weeks of decline, the memecoin has reached critical technical zones. Will DOGE witness a positive movement from here or face a further correction?

Dogecoin（Doge）已降至至關重要的支持水平，從而提出了有關其恢復潛力的問題。經過數週的下降，Memecoin已達到關鍵的技術區域。 Doge會從這裡見證積極的運動還是面臨進一步的更正？

Technical Analysis

技術分析

Dogecoin is currently attempting to hold onto the support provided by the 200-day moving average (MA) at $0.23045. This level has historically marked significant recovery points for DOGE.

Dogecoin目前正試圖保留200天移動平均線（MA）提供的支持，為0.23045美元。該水平歷史上標誌著Doge的重大恢復點。

If this support breaks, Dogecoin may experience a steeper decline. Fibonacci retracement levels indicate that DOGE has fallen below the 0.618 Fibonacci level at $0.39485, a signal typically associated with trend continuation.

如果這種支持破裂，Dogecoin可能會急劇下降。斐波那契反回的水平表明，多奇的佛比那契水平低於0.618 $ 0.39485，這是一個通常與趨勢延續有關的信號。

DOGE's next key support is at $0.23045, a level that could provide a safety net for traders. For a bullish scenario, DOGE must maintain its position above this level and regain the 50-day moving average at $0.32976.

Doge的下一個主要支持為0.23045美元，這一水平可以為交易者提供安全網。對於看漲的情況，Doge必須將其位置保持在此水平以上，並將50天移動平均線恢復為0.32976美元。

Technical Indicators and Network Activity

技術指標和網絡活動

Dogecoin's Relative Strength Index (RSI) currently stands at 33.32, indicating that DOGE is approaching oversold territory. Usually, an RSI below 30 signals a potential price recovery. However, a weak market sentiment could delay this rebound.

Dogecoin的相對力量指數（RSI）目前為33.32，表明Doge正在接近超賣領土。通常，RSI低於30的RSI表示潛在的價格回收。但是，弱市場情緒可能會推遲這種反彈。

Network activity has also declined significantly. Active wallet addresses have dropped from 9.8 million in December to 1.32 million currently, suggesting reduced investor interest and network activity. Nevertheless, past similar situations have often triggered recoveries as long-term investors accumulate DOGE at lower prices.

網絡活動也大大下降。活躍的錢包地址從12月的980萬下降到目前的132萬，這表明投資者的興趣和網絡活動減少了。儘管如此，由於長期投資者以較低的價格積累了總督，過去類似的情況經常引發回收率。

Conclusion

結論

Traders should observe whether DOGE can sustain its position at $0.23045. If this level fails to hold, the next critical support lies around $0.20. It is crucial to consider fundamental technical indicators and network activity before making short-term decisions.

交易者應觀察到Doge是否可以維持其位置為0.23045美元。如果此級別無法保持，下一個關鍵支持在$ 0.20左右。在做出短期決策之前，考慮基本技術指標和網絡活動至關重要。