Dogecoin Eyes Key Triangle Pattern for Next Price Move

狗狗幣關注下一次價格走勢的關鍵三角形模式

Dogecoin price| Tradingview

狗狗幣價格|交易視圖

DOGE, the largest meme cryptocurrency by market capitalization, has experienced a significant decline this week amidst Bitcoin's post-halving correction. Dogecoin has fallen for five consecutive days, dropping from a high of $0.164 to $0.146, marking an 11.17% loss. However, the asset price is currently retesting crucial monthly support of the triangle pattern, indicating a potential reversal.

DOGE是市值最大的迷因加密貨幣，本週在比特幣減半後的調整中經歷了大幅下跌。狗狗幣連續五天下跌，從高點0.164美元跌至0.146美元，跌幅達11.17%。然而，資產價格目前正在重新測試三角形形態的關鍵月度支撐，表明可能出現逆轉。

Support at $0.145: A Sign of a New Rally?

0.145 美元的支撐位：新一輪反彈的跡象？

For nearly two months, Dogecoin has traded sideways within a symmetrical triangle pattern formed by two converging trendlines on the daily chart. These trendlines have acted as dynamic resistance and support.

近兩個月來，狗狗幣一直在日線圖上兩條匯聚趨勢線形成的對稱三角形模式內橫向交易。這些趨勢線起到了動態阻力和支撐的作用。

Currently, DOGE is trading at $0.145 and has encountered demand pressure at the triangle's lower trendline, as evidenced by a long-tailed rejection candle. The asset has a history of bouncing back from this support level, suggesting a high area of interest for buyers.

目前，DOGE 的交易價格為 0.145 美元，並在三角形較低趨勢線處遇到了需求壓力，長尾拒絕蠟燭就證明了這一點。該資產有從該支撐位反彈的歷史，顯示買家對此有很高的興趣。

Divergence in Wallet Activity

錢包活動的差異

According to a recent analysis by Santiment, there is a notable divergence in the activity of cryptocurrency wallets. The data shows that the total number of active non-empty Bitcoin wallets is increasing, indicating growing interest in Bitcoin despite its price volatility.

根據 Santiment 最近的分析，加密貨幣錢包的活動存在顯著差異。數據顯示，活躍的非空比特幣錢包總數正在增加，這表明儘管比特幣價格波動，但人們對比特幣的興趣不斷增長。

The total amount of non-empty #Bitcoin wallets are rapidly growing despite choppy prices. #Altcoin wallets for assets like #Dogecoin have flattened after enormous rises earlier this year. #Cardano is one of the few networks to see active wallets drop. https://t.co/itg9qMes7c pic.twitter.com/yrOlEQw3jy — Santiment (@santimentfeed) April 27, 2024

儘管價格波動，非空#Bitcoin 錢包的總量仍在快速增長。 #Dogecoin 等資產的 #Altcoin 錢包在今年稍早大幅上漲後已經趨於平緩。 #Cardano 是少數幾個出現活躍錢包下降的網路之一。 https://t.co/itg9qMes7c pic.twitter.com/yrOlEQw3jy — Santiment (@santimentfeed) 2024 年 4 月 27 日

In contrast, altcoin wallets for assets like Dogecoin have seen a plateau in activity after significant increases earlier in the year. This trend may signal a shift in investor behavior, with traders seeking stability in less volatile coins during uncertain market conditions.

相比之下，狗狗幣等資產的山寨幣錢包在今年稍早大幅成長後，其活動已趨於平穩。這種趨勢可能預示著投資者行為的轉變，交易者在不確定的市場條件下尋求波動性較小的代幣的穩定性。

Consolidation and Potential Breakout

整合和潛在突破

DOGE is expected to continue its consolidation for several days or weeks as the triangle pattern develops. For the memecoin to enter a directional trend, buyers must break out from either of the triangle's trendlines. A breakout from the upper boundary would accelerate buying momentum and push the asset above $0.2.

隨著三角形形態的發展，DOGE 預計將繼續盤整數天或數週。為了讓 memecoin 進入定向趨勢，買家必須突破三角形的任何趨勢線。突破上限將加速購買勢頭並將資產推至 0.2 美元上方。

Technical Indicators

技術指標

• Bollinger Bands: The downtick in the lower boundary of the Bollinger band indicator suggests that sellers remain aggressive.
• Moving Average Convergence Divergence (MACD): A bearish reversal from the MACD and signal line indicates no sign of reversal yet.

布林通道：布林通道指標下限的下跌表明賣家仍然激進。