The popular meme cryptocurrency Dogecoin (DOGE) has recently been experiencing significant volatility, with expectations of an impending surge.

流行的模因加密貨幣狗狗幣（DOGE）最近經歷了大幅波動，預計價格即將飆升。

In early May, DOGE's price briefly dipped to $0.12, sparking concerns among investors. However, since then, Dogecoin has demonstrated resilience, staging a notable recovery.

5月初，DOGE價格一度跌至0.12美元，引發投資人擔憂。然而，自那時以來，狗狗幣表現出了韌性，實現了顯著的復甦。

Despite this positive movement, the cryptocurrency still hovers below a crucial resistance level of $0.16. This resistance level has proven to be a stubborn barrier in the past, preventing further upward movement.

儘管出現了這一積極走勢，但加密貨幣仍徘徊在 0.16 美元的關鍵阻力位下方。事實證明，這一阻力位在過去是一個頑固的障礙，阻止了進一步的上漲。

Repeated tests of this hurdle indicate a consolidation phase that could be pivotal for its future trajectory.

對這一障礙的反覆測試表明，整合階段可能對其未來發展軌跡至關重要。

Anticipation of Dogecoin Price Surge

狗狗幣價格飆漲的預期

According to BeinCrypto, optimistic sentiment prevails in the market as DOGE shows signs of a bullish trend. Investors and traders have responded by establishing long positions in anticipation of the cryptocurrency's price appreciation. This shift in market dynamics is evident in a noticeable increase in open interest in its derivatives.

據 BeinCrypto 稱，隨著 DOGE 顯示出看漲趨勢的跡象，市場上普遍存在樂觀情緒。投資者和交易員透過建立多頭部位來應對加密貨幣價格上漲的預期。市場動態的這種轉變體現在其衍生性商品未平倉合約的顯著增加。

Open interest in a cryptocurrency context refers to the total number of outstanding derivative contracts. For Dogecoin, the rise in open interest suggests increased market activity and trader interest. Over the past two days, this figure has surged by approximately $200 million, indicating robust market engagement.

加密貨幣中的未平倉合約是指未償還衍生性商品合約的總數。對於狗狗幣來說，未平倉合約的增加表明市場活動和交易者興趣增加。過去兩天，這一數字飆升了約 2 億美元，顯示市場參與度強勁。

While the increase in open interest could be attributed to both long and short positions, the current positive funding rate implies that the surge is primarily in long contracts. This is a bullish indicator, suggesting that investors are betting on Dogecoin's future price rise.

雖然未平倉合約的增加可能歸因於多頭部位和空頭頭寸，但目前的正融資利率意味著激增主要是多頭合約。這是一個看漲指標，顯示投資者押注狗狗幣未來的價格上漲。

Market Sentiment and Potential Price Rally

市場情緒和潛在的價格上漲

DOGE's price recovery, while promising, still has significant room for growth. Currently, only 83% of Dogecoin's circulating supply is in profit.

DOGE 的價格復甦雖然充滿希望，但仍有很大的成長空間。目前，狗狗幣的流通供應量中只有 83% 處於獲利狀態。

This contrasts with other cryptocurrencies where a higher percentage typically signals a potential market peak. For Dogecoin, reaching a state where 95% of its supply is profitable would signify a strong market peak.

這與其他加密貨幣形成鮮​​明對比，在其他加密貨幣中，較高的百分比通常預示著潛在的市場高峰。對於狗狗幣來說，達到 95% 供應量獲利的狀態將意味著強勁的市場高峰。

Technically, the resistance at $0.16 is crucial. If Dogecoin can flip this resistance into support, there could be a clear path to higher prices. Specifically, flipping $0.16 could open the gates towards $0.18, and subsequently, a push towards the $0.20 mark could be on the cards.

從技術上講，0.16 美元的阻力至關重要。如果狗狗幣能夠將這種阻力轉變為支撐，那麼價格上漲可能會有一條清晰的道路。具體來說，翻轉 0.16 美元可能會打開通往 0.18 美元的大門，隨後可能會推向 0.20 美元大關。

Breaking through this critical resistance has the potential to trigger a 25% rally in Dogecoin's price. Such a move would not only help the meme cryptocurrency recover its recent losses but also strengthen its position.

突破這項關鍵阻力位有可能引發狗狗幣價格上漲 25%。此舉不僅有助於迷因加密貨幣收復最近的損失，還可以鞏固其地位。

However, optimism should be tempered with caution. Failure to break the $0.16 resistance could leave it vulnerable to a pullback, potentially dropping back to $0.15.

然而，樂觀情緒應謹慎對待。如果未能突破 0.16 美元的阻力位，可能會導致其容易回調，有可能回落至 0.15 美元。

Further declines towards $0.12 could severely dent the current bullish outlook and derail many optimistic projections for the cryptocurrency's future. Watch this space.

進一步跌向 0.12 美元可能會嚴重削弱當前的看漲前景，並破壞加密貨幣未來的許多樂觀預測。關注此空間。