The largest memecoin, Dogecoin (DOGE), continues to show a positive price movement with a more than 10% increase last week. At the time of writing, DOGE is trading at $0.06873 with a market value of $9.73 billion, making it the 9th largest cryptocurrency by market value and the 8th largest altcoin. So, what’s next for this popular altcoin? Let’s take a closer look.

最大的 memecoin 狗狗幣 (DOGE) 繼續呈現積極的價格走勢，上週漲幅超過 10%。截至撰寫本文時，DOGE 的交易價格為 0.06873 美元，市值為 97.3 億美元，使其成為市值第九大加密貨幣和第八大山寨幣。那麼，這種流行的山寨幣的下一步是什麼？讓我們仔細看看。

Critical Breakout in Dogecoin

The recent weekly candle formation indicates that Dogecoin has broken the long-standing downtrend resistance trend line that has been suppressing its price. Experienced cryptocurrency analyst Ali Martinez stated that after the breakout of this important descending triangle formation on the weekly time frame, the altcoin has shown positive indicators. The bullish outlook for DOGE is further supported by the confirmation of a buy signal from the TD Sequential indicator in the same time frame.

狗狗幣的關鍵突破最近的每週蠟燭形態表明狗狗幣已經突破了長期壓制其價格的下行阻力趨勢線。經驗豐富的加密貨幣分析師阿里·馬丁內斯表示，在每週時間框架內突破這一重要的下降三角形形態後，山寨幣已顯示出積極的指標。 DOGE 的看漲前景得到了同一時間範圍內 TD 順序指標買入訊號確認的進一步支持。

Furthermore, the price chart of Dogecoin indicates a potential 20% recovery from current levels. The optimism and recovery in the cryptocurrency market amid the sideways movement of Dogecoin led to the formation of a double bottom pattern, pushing DOGE to its current price of $0.69.

此外，狗狗幣的價格圖表顯示，從目前水準可能會回升 20%。在狗狗幣橫向波動的情況下，加密貨幣市場的樂觀和復甦導致了雙底形態的形成，推動狗狗幣目前的價格達到 0.69 美元。

Although the ongoing recovery appears strong, the altcoin retraced slightly after reaching the $0.075 resistance level. Currently, the first support level for DOGE is above $0.067, and if the price remains above this level, there is a potential for buyers to continue the recovery by 20% and reach the neckline of the formation at $0.085.

儘管持續的復甦似乎很強勁，但山寨幣在達到 0.075 美元阻力位後小幅回檔。目前，DOGE的第一個支撐位位於0.067美元上方，如果價格保持在該水平之上，買家有可能繼續反彈20%，並觸及0.085美元的頸線。

Whale Movements Surrounding DOGE

Whale Alert, a reputable cryptocurrency data platform specializing in large transactions, detected that a wallet address holding 5.39 million DOGE worth $372,461 and dormant for a long time has become active again. This wallet address has been inactive for approximately 9.8 years since Billy Markus and Jackson Palmer launched DOGE as a fun side project in 2013.

DOGE周圍的巨鯨動向 Whale Alert是一家專門從事大額交易的知名加密貨幣資料平台，偵測到一個持有539萬枚DOGE、價值372,461美元且長期處於休眠狀態的錢包地址再次活躍。自從 Billy Markus 和 Jackson Palmer 於 2013 年推出 DOGE 作為一個有趣的副項目以來，該錢包地址已閒置約 9.8 年。

Whale Alert reported that 392,000 DOGE were transferred from this reactivated wallet address to a newly created wallet address about three hours ago, and the whale distributed the large amount of DOGE among various wallet addresses.

Whale Alert 報告稱，大約三個小時前，有 392,000 DOGE 從這個重新激活的錢包地址轉移到了新創建的錢包地址，鯨魚將大量 DOGE 分配到了各個錢包地址。