Dogecoin (DOGE) is currently trading within a bullish pattern; however, confirmation requires bullish cues to validate it. Investor sentiment and behavior currently hinder this validation.

狗狗幣（DOGE）目前處於看漲模式；然而，確認需要看漲線索來驗證。目前投資者的情緒和行為阻礙了這種驗證。

Investor Sentiment Dampens Outlook

投資者情緒削弱前景

Dogecoin's price may decline further as the distribution of its supply shifts. Mid- and long-term holders are transitioning to short-term holders, raising concerns about price stability. In the past month, short-term DOGE holdings have increased significantly, indicating increased volatility potential.

隨著供應分佈的變化，狗狗幣的價格可能會進一步下跌。中長期持有者正在向短期持有者過渡，引發了人們對價格穩定的擔憂。過去一個月，短期DOGE持有量大幅增加，顯示波動潛力增加。

Short-term holders typically sell their assets within a month, exacerbating potential bearish conditions. Additionally, investor sentiment has remained negative for nearly three months, reflecting caution and pessimism, further reducing the likelihood of a DOGE price recovery.

短期持有者通常會在一個月內出售資產，加劇潛在的看跌狀況。此外，投資者情緒近三個月來一直保持負面，反映出謹慎和悲觀情緒，進一步降低了 DOGE 價格復甦的可能性。

Price Prediction: Breaking the Pattern

價格預測：打破模式

Dogecoin's price is forming a descending wedge at $0.124, typically indicating a potential upward breakout. To confirm this pattern, DOGE must break through the resistance at $0.128, which it has faced difficulties with in the past.

狗狗幣的價格在 0.124 美元處形成下降楔形，通常表明潛在的向上突破。為了確認這一模式，DOGE 必須突破 0.128 美元的阻力位，而該阻力位在過去曾經遇到困難。

While the pattern suggests a potential rally to $0.300, this would require a breakout. The lack of bullish sentiment from investors may delay this breakout, resulting in a failed breach of the upper trend line or consolidation between $0.128 and $0.116.

雖然該模式表明可能反彈至 0.300 美元，但這需要突破。投資者缺乏看漲情緒可能會延遲這一突破，導致未能突破上方趨勢線或在 0.128 美元至 0.116 美元之間盤整。

If bearishness intensifies, Dogecoin's price could drop below $0.105, invalidating the bullish thesis and falling wedge pattern.

如果看跌情緒加劇，狗狗幣的價格可能會跌破 0.105 美元，使看漲論點和下降楔形模式失效。