Dogecoin (DOGE), the meme-inspired cryptocurrency, is facing a critical test. After losing nearly all its November and December 2023 gains, it's struggling to regain momentum. Bastian (Bitbull)'s price analysis highlights key support and resistance levels crucial to DOGE's next move.

Dogecoin（Doge）是模因啟發的加密貨幣，正面臨著批判性測試。在失去了幾乎所有11月和2023年12月的收益之後，它正在努力恢復勢頭。 巴斯蒂安（Bitbull）的價格分析強調了關鍵支持和阻力水平，對Doge的下一步行動至關重要。

Currently, DOGE is holding at the 800-day Exponential Moving Average (EMA), a significant support level. This area acted as a strong accumulation zone during summer 2023, with high trading volume. However, liquidity below the current price remains largely untapped, suggesting potential downward pressure if this support breaks. Conversely, significant liquidity above the current price offers a potential target for a recovery rally. DOGE's performance remains closely tied to Bitcoin (BTC); a BTC reversal could lift DOGE, while a continued BTC decline could pressure DOGE's support.

目前，Doge持有為800天的指數移動平均線（EMA），這是一個顯著的支持水平。 在2023年夏季，該地區充當了強大的積累區，交易量很高。 但是，低於當前價格的流動性在很大程度上仍未開發，這表明如果這種支持破裂，則可能會向下壓力。 相反，高於當前價格的大量流動性為恢復集會提供了潛在的目標。 Doge的表現與比特幣（BTC）緊密相關； BTC的逆轉可以抬起門，而BTC的持續下降可能會給Doge的支持施加壓力。

4-Hour Chart: Resistance at the 50 EMA

4小時圖表：50 EMA的阻力

On the 4-hour chart, DOGE is testing the 50-day EMA, a level that has repeatedly acted as resistance. Rejection here could push the price back towards the key support zone. The MACD (Moving Average Convergence Divergence) indicator shows weakening positive momentum, nearing a potential negative shift. The RSI (Relative Strength Index), hovering near 50, reflects market indecision. A sustained breakout above the 50-day EMA could target the 4-hour 200-day EMA, suggesting a potential recovery. However, maintaining upward momentum depends on the 50-day EMA holding as support during pullbacks.

在4小時的圖表上，Doge正在測試50天的EMA，這一水平反复充當阻力。 這裡的拒絕可能會將價格推向關鍵支持區。 MACD（移動平均收斂差異）指標顯示出較弱的正動量，接近潛在的負轉移。 RSI（相對強度指數）徘徊在50個，反映了市場的猶豫不決。 超過50天EMA的持續突破可以針對4小時的200天EMA，這表明潛在的恢復。 但是，保持向上的動量取決於50天的EMA持有作為回調期間的支撐。

Liquidation Levels and Market Sentiment

清算水平和市場情緒

Current liquidation levels show long positions outweighing short positions within this price range, with a long delta of $150 million. This could create short-term upward pressure, provided sufficient buying momentum emerges.

目前的清算水平顯示出長的頭寸超過此價格範圍內的短職位，長達1.5億美元。只要出現足夠的購買勢頭，這可能會造成短期上下壓力。

In Summary

總之

Dogecoin's short-term outlook depends on defending crucial support levels and capitalizing on potential liquidity above the current price. While market uncertainty remains, a recovery is possible if Bitcoin stabilizes and DOGE gains momentum. Failure to hold key levels, however, could lead to further declines, emphasizing the importance of close monitoring of these technical indicators.

Dogecoin的短期前景取決於捍衛重要的支持水平，並利用了當前價格高於當前價格的潛在流動性。 儘管市場不確定性仍然存在，但如果比特幣穩定並獲得了勢頭，則可以恢復。 但是，如果不持有關鍵水平，可能會導致進一步的下降，強調密切監視這些技術指標的重要性。