Cover image via U.Today

封面圖片來自 U.Today

As the cryptocurrency market navigates ongoing uncertainties, traders and analysts are closely monitoring a potentially significant technical formation for Dogecoin price: a moving average crossover on its weekly chart.

隨著加密貨幣市場應對持續的不確定性，交易員和分析師正在密切關注狗狗幣價格的潛在重要技術形態：週線圖上的移動平均線交叉。

The nature of the crossing will determine whether it is a bearish "death cross" or a bullish "golden cross."

交叉的性質將決定它是看跌的“死亡交叉”還是看漲的“黃金交叉”。

A golden cross occurs when a shorter-term moving average (typically the 50-day) crosses above a longer-term moving average (such as the 200-day). This bullish signal is often interpreted as a strong indication of upward momentum and potential price increases.

當短期移動平均線（通常是 50 天）穿過長期移動平均線（例如 200 天）上方時，就會出現黃金交叉。這種看漲訊號通常被解釋為上升勢頭和潛在價格上漲的強烈跡象。

While golden crosses can occur on various time frames, a weekly golden cross holds particular significance as it reflects longer-term trends and investor sentiment. DOGE/USD Weekly Chart, Courtesy: TradingView
In the case of Dogecoin, the 50-week SMA is rising northward and appears likely to move above the 200-week SMA, potentially resulting in a golden cross formation in the coming weeks. While expectations are in place for a golden cross, traders may need to observe the nature of the crossing to confirm it.

雖然黃金交叉可以在不同的時間範圍內發生，但每週黃金交叉具有特別重要的意義，因為它反映了長期趨勢和投資者情緒。 DOGE/USD 週線圖，提供：TradingView 就狗狗幣而言，50 週移動平均線正在向北上升，並且似乎可能會突破 200 週移動平均線，從而可能在未來幾週內形成金叉。雖然人們對黃金交叉有預期，但交易者可能需要觀察交叉的性質來確認它。

Dogecoin's journey toward this impending crossover has been marked by fluctuations. Following a steady decline since May 6 from highs of around $0.168, the dog-themed coin has shown resilience, finding support around the $0.142 level.

狗狗幣走向這即將到來的交叉的旅程充滿了波動。自 5 月 6 日以來，這種以狗為主題的代幣從 0.168 美元左右的高點穩步下跌，之後表現出了韌性，在 0.142 美元附近找到了支撐。

At the time of writing, Dogecoin was trading down 4.68% in the last 24 hours to $0.144 as the crypto market faced selling pressure.

截至本文撰寫時，由於加密市場面臨拋售壓力，狗狗幣在過去 24 小時內下跌 4.68% 至 0.144 美元。

Implications of a Potential Golden Cross

潛在金十字的含義

The last time Dogecoin witnessed a weekly golden cross was in early January 2021, resulting in an astonishing 7,996% price increase over the next four months. Dogecoin later rose to an all-time high of $0.737 on May 8, 2021.

狗狗幣上一次出現每週黃金交叉是在 2021 年 1 月初，導致接下來四個月的價格上漲了驚人的 7,996%。狗狗幣後來於 2021 年 5 月 8 日昇至歷史新高 0.737 美元。

While past performance is no guarantee of future results, the prospect of another golden cross has certainly captured the attention of the DOGE community.

雖然過去的表現並不能保證未來的結果，但另一個金十字的前景無疑引起了 DOGE 社群的關注。

For traders, the golden cross is a signal to watch closely, as it could indicate the beginning of a new uptrend. However, it is crucial to approach such indicators with caution, as they can sometimes lead to false signals, potentially trapping traders on the wrong side of the market.

對於交易者來說，金叉是一個需要密切關注的訊號，因為它可能表明新的上升趨勢的開始。然而，謹慎對待這些指標至關重要，因為它們有時會導致錯誤訊號，可能會使交易者陷入錯誤的市場方向。