The Dogecoin (DOGE) price has trended upward in 2024 and reached the resistance trend line of its pattern.

狗狗幣（DOGE）價格在 2024 年呈上升趨勢，並達到其形態的阻力趨勢線。

The move is Dogecoin’s second attempt at breaking out. Will it be successful? Let’s find out!

此舉是狗狗幣第二次嘗試突破。會成功嗎？讓我們來看看吧！

Dogecoin Bounces at Previous Resistance

狗狗幣在之前的阻力位反彈

The weekly time frame technical analysis shows the DOGE price broke out from a descending resistance trend line in November 2023. Before the breakout, the trend line had existed for 400 days. DOGE reached a high of $0.107 before falling. 

每週時間框架技術分析顯示，DOGE 價格在 2023 年 11 月突破了下降阻力趨勢線。在突破之前，該趨勢線已經存在了 400 天。 DOGE 在下跌之前觸及 0.107 美元的高點。

However, DOGE bounced at the resistance trend line in January 2024 and has increased despite being below its 2023 high. 

然而，DOGE 在 2024 年 1 月在阻力趨勢線反彈，儘管低於 2023 年高點，但仍有上漲。

DOGE/USDT 週線圖。來源：TradingView

The weekly Relative Strength Index (RSI) supports continuing the increase.

每週相對強弱指數（RSI）支持繼續上漲。

The RSI is a momentum indicator traders use to evaluate whether a market is overbought or oversold, and whether to accumulate or sell an asset.

RSI 是交易者用來評估市場是否超買或超賣以及是否累積或出售資產的動量指標。

Readings above 50 and an upward trend suggest that bulls still have an advantage, while readings below 50 indicate the opposite. The RSI bounced above 50 (green circle) when the price bounced at the resistance trend line, legitimizing the movement.

讀數高於 50 且呈上升趨勢表示多頭仍具有優勢，而讀數低於 50 則表示相反。當價格在阻力趨勢線反彈時，RSI 反彈至 50（綠色圓圈）以上，使這一走勢合法化。

DOGE Price Prediction: Breakout Soon?

DOGE 價格預測：即將突破？

The daily time frame chart shows that DOGE has traded inside an ascending parallel channel since June. While it initially broke out above it in November 2023, it fell back inside shortly afterward.

每日時間框架圖顯示，自 6 月以來，DOGE 一直在上昇平行通道內交易。雖然它最初於 2023 年 11 月突破該水平，但不久後又回落至內部。

Despite the drop, DOGE bounced at the channel’s midline and is now attempting to break out from the resistance trend line (red icons). The daily RSI supports the possibility of a breakout since it is above 50 and increasing.

儘管下跌，狗狗幣在通道中線反彈，目前正試圖突破阻力趨勢線（紅色圖示）。每日 RSI 支撐突破的可能性，因為它高於 50 並且還在增加。

Cryptocurrency trader InmortalCrypto gives a bullish Dogecoin price prediction, suggesting the meme coin will end its long-term consolidation phase soon and begin a new bull run.

加密貨幣交易商 InmortalCrypto 給出了看漲的狗狗幣價格預測，表明這種模因幣將很快結束其長期盤整階段，並開始新的牛市。

If DOGE breaks out from this channel, it can increase 17% and reach the next resistance at $0.103.

如果 DOGE 突破該通道，它可能會上漲 17%，並達到下一個阻力位 0.103 美元。

DOGE/USDT 每日圖表。來源：TradingView

Despite the bullish Dogecoin price prediction, a rejection from the channel’s resistance trend line can cause a 12% drop to its midline at $0.078.

儘管狗狗幣價格預測看漲，但如果拒絕該通道的阻力趨勢線，可能會導致其中線下跌 12%，至 0.078 美元。

For BeInCrypto‘s latest crypto market analysis, click here

如需 BeInCrypto 的最新加密貨幣市場分析，請點擊此處