The Dogecoin (DOGE) price has decreased since its 2023 high of $0.107 on December 11.

狗狗幣 (DOGE) 的價格自 12 月 11 日觸及 0.107 美元的 2023 年高點以來已經下跌。

DOGE is approaching the end of a short-term pattern. Will the price break down from it, or can it begin a reversal?

DOGE 即將結束短期模式。價格會因此下跌，還是會開始反轉？

Dogecoin Consolidates Inside Channel

狗狗幣鞏固內部管道

The technical analysis of the daily time frame shows that DOGE has traded inside an ascending parallel channel since June 2023. The upward movement culminated with a 2023 high of $0.107 in December.

每日時間框架的技術分析顯示，自 2023 年 6 月以來，DOGE 一直在上昇平行通道內交易。上漲趨勢在 12 月達到 2023 年高點 0.107 美元達到頂峰。

The Dogecoin price has decreased since. While initially it bounced at the channel’s resistance trend line, it fell inside it in January 2024, validating it as resistance twice (red icons). DOGE now trades close to the channel’s midline.

此後，狗狗幣的價格有所下降。雖然最初它在該通道的阻力趨勢線處反彈，但在 2024 年 1 月跌入該通道內，兩次驗證其為阻力位（紅色圖示）。 DOGE 目前交易價格接近通道中線。

DOGE/USDT 每日圖表。來源：TradingView

The daily Relative Strength Index (RSI) gives a mixed reading. Traders utilize the RSI as a momentum indicator to assess whether a market is overbought or oversold and whether to accumulate or sell an asset.

每日相對強度指數 (RSI) 的讀數好壞參半。交易者利用 RSI 作為動量指標來評估市場是否超買或超賣以及是否累積或出售資產。

If the RSI reading is above 50 and the trend is upward, bulls still have an advantage, but if the reading is below 50, the opposite is true. While the indicator increases, it trades below 50 (red circle), indicating a mixed trend.

如果RSI讀數高於50且趨勢向上，多頭仍然具有優勢，但如果讀數低於50，則相反。雖然該指標有所上升，但交易價格低於 50（紅色圓圈），顯示趨勢喜憂參半。

DOGE Price Prediction: Will Breakdown Occur?

DOGE價格預測：會崩盤嗎？

The technical analysis of the six-hour time frame gives a bearish outlook because of the Dogecoin price action. The movement since December 2023 resembles a descending triangle, considered a bearish pattern.

由於狗狗幣的價格走勢，六小時時間框架的技術分析給出了看跌的前景。自 2023 年 12 月以來的走勢類似於下降三角形，被認為是看跌模式。

It is worth mentioning that despite the decline, there has been a significant expansion in Dogecoin wallets. More specifically, Dogecoin has seen 413,800 new wallets enter the network in the last two weeks.

值得一提的是，儘管狗狗幣錢包有所下降，但狗狗幣錢包卻出現了顯著擴張。更具體地說，過去兩週內已有 413,800 個新錢包進入狗狗幣網路。

DOGE is approaching the end of the pattern, so a decisive movement is expected to occur soon.

DOGE 正接近該形態的終點，因此預計很快就會出現決定性的走勢。

The six-hour RSI does not confirm the trend’s direction since the indicator is exactly at 50. If the DOGE price breaks down from the triangle, it can fall 27% to the closest support area at $0.058.

六小時 RSI 並不能確認趨勢方向，因為該指標恰好位於 50。如果 DOGE 價格從三角形跌破，它可能會下跌 27% 至最近的支撐區域 0.058 美元。

DOGE/USDT 六小時圖。來源：TradingView

Despite the bearish Dogecoin price prediction, a breakout from the resistance trend line can initiate a 12% upward movement to the next closest resistance at $0.088.

儘管狗狗幣價格預測看跌，但突破阻力趨勢線可能會引發 12% 的上漲，到達下一個最接近的阻力位在 0.088 美元。

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