Dogecoin Faces Short-Term Correction After Rally

狗狗幣反彈後面臨短期回調

Following a significant surge over the past five weeks, Dogecoin ($DOGE) has faced a short-term correction after encountering resistance at around 43 cents. The meme coin, with a valuation of approximately $54 billion and a daily trading volume of $15.3 billion, has formed a potential reversal pattern in its four-hour chart.

在過去五週大幅上漲之後，狗狗幣 ($DOGE) 在遇到 43 美分左右的阻力後面臨短期回調。這款估值約為 540 億美元、每日交易量為 153 億美元的 meme 幣在其四小時圖表中已形成潛在的反轉模式。

Technical Analysis

技術分析

Rejection from the 43-cent resistance level twice in recent days has led to a double top formation, accompanied by a bearish divergence on the Relative Strength Index (RSI).

最近幾天兩次拒絕 43 美分的阻力位導致形成雙頂，同時相對強弱指數 (RSI) 出現看跌背離。

Bullish Sentiment

看漲情緒

Despite the correction, Dogecoin's long-term outlook remains bullish. The macro trend indicates a potential entry into the bull market cycle of 2024/2025, with the coin forming higher highs and higher lows in the weekly timeframe since October 2023.

儘管進行了調整，狗狗幣的長期前景仍然看漲。宏觀趨勢表明，該貨幣可能進入 2024/2025 年的多頭週期，自 2023 年 10 月以來，該貨幣在每週時間範圍內形成更高的高點和更高的低點。

Support and Resistance

支撐與阻力

In the shorter timeframes, Dogecoin has established support above 35 cents, providing a potential launchpad for a rally towards 90 cents. However, if the 35-cent support is breached, the price may find support between 30 and 26 cents.

在較短的時間內，狗狗幣已經在 35 美分上方建立了支撐，為反彈至 90 美分提供了潛在的啟動平台。然而，如果35美分的支撐位被突破，價格可能會在30至26美分之間找到支撐位。

Whale Activity

鯨魚活動

The Dogecoin network has attracted significant investor interest, with over 5.3 million on-chain holders. Elon Musk's continued support has contributed to the meme coin's popularity among whale investors.

狗狗幣網路吸引了投資者的極大興趣，鏈上持有者超過 530 萬。伊隆馬斯克的持續支持促進了迷因幣在鯨魚投資者中的受歡迎。

According to Santiment, Dogecoin whales have purchased 140 million DOGE units, valued at over $56 million, in the past 24 hours, indicating their confidence in the asset's long-term potential.

據 Santiment 稱，狗狗幣鯨魚在過去 24 小時內購買了 1.4 億個 DOGE 單位，價值超過 5,600 萬美元，這表明他們對該資產的長期潛力充滿信心。