Dogecoin (DOGE) Rallies Amid Elon Musk Lawsuit Withdrawal

狗狗幣（DOGE）因伊隆馬斯克撤回訴訟而上漲

Dogecoin (DOGE), the seventh-largest cryptocurrency by market capitalization, has surged from $0.15 to $0.43 in recent days, reaching its highest level in over three years. The rally was fueled by anticipation of further peaks and a statement from the Department of Government Efficiency referencing "DOGE."

狗狗幣（DOGE）是市值第七大加密貨幣，最近幾天從 0.15 美元飆升至 0.43 美元，達到三年多來的最高水準。對進一步見頂的預期以及政府效率部引用“DOGE”的聲明推動了此次漲勢。

Elon Musk Lawsuit Dismissed

伊隆馬斯克訴訟被駁回

On November 14, 2024, the class-action lawsuit accusing Elon Musk and Tesla of manipulating Dogecoin prices was withdrawn by the plaintiffs. The lawsuit alleged a "crypto pyramid scheme" to inflate DOGE's value and sought $258 billion in damages. Both parties agreed to drop their motions and waive further claims.

2024 年 11 月 14 日，指控馬斯克和特斯拉操縱狗狗幣價格的集體訴訟被原告撤回。該訴訟指控 DOGE 存在“加密金字塔計劃”，以抬高其價值，並尋求 2580 億美元的賠償。雙方同意放棄動議並放棄進一步的索賠。

Dogecoin Price Prediction

狗狗幣價格預測

Experts believe Dogecoin has the potential to hit $1. Mike Novogratz's Galaxy Research predicts it will reach this milestone in 2025, citing benefits from Elon Musk's Department of Government Efficiency and speculation about a Dogecoin ETF.

專家認為狗狗幣有潛力達到 1 美元。麥克諾沃格拉茨 (Mike Novogratz) 的 Galaxy Research 預測，它將在 2025 年達到這一里程碑，理由是 Elon Musk 政府效率部的好處以及對狗狗幣 ETF 的猜測。

Technical Analysis

技術分析

Dogecoin's recent rally has been marked by a golden cross, signaling a strong uptrend. However, it is currently exhibiting signs of being oversold, with its price below the lower Bollinger Band. This indicates a potential reversal or corrective bounce.

狗狗幣最近的反彈以金色十字為標誌，預示著強勁的上升趨勢。然而，目前它出現超賣跡象，其價格低於布林線下軌。這表示潛在的反轉或修正性反彈。

The Relative Strength Index (RSI) suggests some improvement, but DOGE remains below its 50-day exponential moving average (EMA), highlighting continued challenges in regaining bullish momentum.

相對強弱指數 (RSI) 顯示有所改善，但 DOGE 仍低於 50 日指數移動平均線 (EMA)，凸顯恢復看漲勢頭的持續挑戰。

Veteran trader Peter Brandt has noted the similarity between DOGE's current price action and an inverse head-and-shoulders (H&S) formation observed in 2020, which preceded a massive rally. This analysis underscores the potential for sustained bullish trends in Dogecoin.

資深交易員 Peter Brandt 指出，DOGE 目前的價格走勢與 2020 年大幅反彈之前觀察到的反向頭肩 (H&S) 形態之間存在相似之處。該分析強調了狗狗幣持續看漲趨勢的潛力。