Dogecoin has clearly had a hard time keeping up its gains, as shown by recent price action. Dogecoin’s price has already dropped by 20% from its $0.223 price on the last day of March as bulls have failed to keep it above the support level at $0.2. 

正如最近的價格走勢所表明的那樣，狗狗幣顯然很難保持其漲幅。由於多頭未能維持在 0.2 美元的支撐位之上，狗狗幣的價格已較 3 月最後一天的 0.223 美元下跌了 20%。

Crypto analyst Ali Martinez has reiterated his stance on the future outlook of the meme cryptocurrency. According to him, DOGE’s recent price action has largely mirrored the 2018-2021 pattern. Particularly, the crypto cemented a break out from a descending pattern and has now formed a bullish fractal that could push it into a massive parabolic bull run. 

加密貨幣分析師阿里·馬丁內斯重申了他對模因加密貨幣未來前景的立場。他表示，DOGE 最近的價格走勢很大程度上反映了 2018-2021 年的模式。特別是，加密貨幣鞏固了從下降模式的突破，現在已經形成了一個看漲分形，可能會將其推向大規模的拋物線牛市。

Dogecoin Bulls Losing Steam After Bull Run

The majority of cryptocurrencies have turned red in their price action in the past seven days as they’ve bled some of their gains in March. Memecoins, particularly Dogecoin, hasn’t been left out of the consolidation, registering a 10.75% downturn in the past seven days. Interestingly, most of this outflow has come in the last two days as the meme coin has decreased by around 7.7%, which is in line with the correction observed in Bitcoin. 

狗幣牛市在牛市後失去動力大多數加密貨幣在過去 7 天的價格走勢中都出現了紅色，因為它們在 3 月失去了一些收益。 Memecoins，尤其是狗狗幣，也沒有被排除在整合之外，在過去 7 天內下跌了 10.75%。有趣的是，大部分資金流出發生在過去兩天，因為 meme 幣下跌了 7.7% 左右，這與比特幣中觀察到的調整一致。

DOGE has only had a few years of price action to look at historical performance, but the analyst has pointed out on social media a recurring trend in its movement. According to the DOGE chart shared by Martinez, DOGE went on a consolidation phase from 2018 to 2021, in which it formed a series of lower highs and a relatively straight price bottom. A final breakout of the upper trendline saw the meme coin spiking by epic proportions to reach its current all-time high of $0.7316. 

相關閱讀：柴犬鯨魚交易量激增 340%，能否將 SHIB 推至 0.00004 美元？DOGE 僅有幾年的價格走勢來觀察歷史表現，但分析師在社交媒體上指出了其走勢中反覆出現的趨勢。根據馬丁內斯分享的DOGE圖表，DOGE從2018年到2021年進入了盤整階段，在此期間形成了一系列較低的高點和相對筆直的價格底部。在最終突破上方趨勢線後，Meme 代幣出現了史詩般的飆升，達到了目前的歷史新高 0.7316 美元。

Current price action shows a similar formation since reaching this all-time high in 2021. Notably, the meme coin has formed a series of lower highs and a relatively straight price bottom. The recent bull market has seen it breaking out of the upper trendline. Although it has done fairly well since breaking out, the only step left is an extended price surge past $0.73. 

自 2021 年達到歷史高點以來，當前的價格走勢顯示出類似的形態。值得注意的是，模因幣已經形成了一系列較低的高點和相對直線的價格底部。最近的多頭市場已經突破了上方趨勢線。儘管自爆發以來表現相當不錯，但剩下的唯一一步就是價格進一步飆升至 0.73 美元以上。

DOGE To $12

Despite the wider market consolidation, the market is still largely in bullish sentiment and DOGE has now formed a bullish fractal on the weekly timeframe, giving validity to the recent analysis by Martinez. 

DOGE 至 12 美元 儘管市場出現更廣泛的盤整，但市場仍主要處於看漲情緒，DOGE 目前已在每週時間框架上形成看漲分形，這證實了 Martinez 最近的分析。

Martinez noted in his analysis a repeat of this price surge could see DOGE reaching the $12 price level. This would mean a 6660% increase from the current price level.

相關閱讀：加密貨幣分析師預測卡爾達諾拋物線飆升，驅動因素是什麼？馬丁內斯在他的分析中指出，如果重複這種價格飆升，DOGE 可能會達到 12 美元的價格水平。這意味著比當前價格水準上漲 6660%。

While the current DOGE rally does share some similarities with the 2021 pump, there are also key differences in market conditions, one of which is the market cap. At the time of writing, DOGE is trading at $0.1792 with a market cap of $25.7 billion. A $12 price would mean DOGE’s market cap entering the trillion-dollar threshold. 

雖然目前的 DOGE 反彈確實與 2021 年的上漲有一些相似之處，但市場狀況也存在關鍵差異，其中之一是市值。截至撰寫本文時，DOGE 的交易價格為 0.1792 美元，市值為 257 億美元。 12 美元的價格將意味著 DOGE 的市值進入一兆美元大關。

DOGE price struggles to hold above $0.18 | Source: DOGEUSDT on Tradingview.com

DOGE 價格難以維持在 0.18 美元以上 |來源：Tradingview.com 上的 DOGEUSDT 精選圖片來自 Decrypt，圖表來自 Tradingview.com