Dogecoin Poised for a Bullish Trend Reversal

狗狗幣即將迎來看漲趨勢逆轉

After a recent rally, Dogecoin (DOGE) has faced some selling pressure, with a price correction of 8% in the past 24 hours. However, market analysts believe that DOGE could be set for an upward trend reversal.

經過最近的反彈後，狗狗幣 (DOGE) 面臨一些拋售壓力，過去 24 小時內價格回調了 8%。然而，市場分析師認為，DOGE 可能會出現上漲趨勢逆轉。

Technical Indicators Point to Bullish Crossover

技術指標指向看漲交叉

Crypto analyst Ali Martinez suggests that Dogecoin is on the verge of a significant rally based on the MACD indicator. The last two instances of a MACD bullish crossover on the weekly chart resulted in surges of 90% and 180%, respectively. If DOGE repeats this pattern, it could rise to $0.20 and $0.30.

加密貨幣分析師 Ali Martinez 表示，根據 MACD 指標，狗狗幣正處於大幅反彈的邊緣。週線圖上最後兩次 MACD 看漲交叉分別導致了 90% 和 180% 的飆升。如果 DOGE 重複這種模式，它可能會上漲至 0.20 美元和 0.30 美元。

Whale Activity and Rising Active Addresses

鯨魚活動和活躍地址上升

Despite the price pullback, whale activity on the Dogecoin network remains high, indicating bullish momentum. Additionally, Dogecoin has seen a surge in active addresses, reaching an eight-month high of 84,306. This increased network activity suggests growing interest in the meme coin.

儘管價格回調，但狗狗幣網路上的鯨魚活動仍然很高，顯示看漲勢頭。此外，狗狗幣的活躍地址激增，達到 84,306 個八個月高點。網路活動的增加表明人們對模因幣的興趣日益濃厚。

Ecosystem Developments Enhance Utility

生態系發展增強效用

The Dogecoin Foundation has been working on projects to improve the network's transaction capabilities and expand its reach. These include initiatives such as LibDogecoin, GigaWallet, and RadioDoge.

狗狗幣基金會一直致力於提高網路交易能力並擴大其覆蓋範圍的項目。其中包括 LibDogecoin、GigaWallet 和 RadioDoge 等措施。

Uptober Rally Anticipated

預計Uptober集會

With these bullish on-chain indicators, analysts believe Dogecoin may be poised for an "Uptober" rally, setting the stage for a 2024 bull run. However, it's crucial to conduct thorough market research before investing in cryptocurrencies.

憑藉這些看漲的鏈上指標，分析師認為狗狗幣可能會迎來「Uptober」反彈，為 2024 年多頭市場奠定基礎。然而，在投資加密貨幣之前進行徹底的市場研究至關重要。

Disclaimer: The content presented may reflect the author's personal opinions and is subject to market conditions. Always do your own research before investing in cryptocurrencies.

免責聲明：所呈現的內容可能反映作者的個人意見，並以市場狀況為準。在投資加密貨幣之前，請務必先進行自己的研究。