Cover image via U.Today

封面圖片來自 U.Today

A Glassnode analyst has recently shared an ultra-bullish Dogecoin prediction: a 13x surge is possible during the potential altseason. The chart highlights $2.9 as the potential price target for the meme asset. Let's break it down.

Glassnode 分析師最近分享了對狗狗幣的超級樂觀預測：在潛在的山寨幣季節期間，狗狗幣可能會飆升 13 倍。該圖表突出顯示 2.9 美元是 meme 資產的潛在價格目標。讓我們來分解一下。

DOGE is tracking a large cup and handle pattern, a bullish formation. Historically, this pattern precedes consolidation before an ensuing breakout. The target to move to, as shown in the chart, is the $2.93 level.

DOGE 正在追蹤大杯柄形態，這是一種看漲形態。從歷史上看，這種模式先於盤整，隨後出現突破。如圖所示，移動目標為 2.93 美元。

At the moment, DOGE is trading around the $0.167 level, taking support from the 50-day exponential moving average in blue and the 200-day exponential moving average in orange, hence indicating a medium- to long-term uptrend. Some slight expansion in the Bollinger Bands signals increased volatility that could drive the price in larger moves. Dogecoin/USDT Chart by TradingView

目前，DOGE 交投於 0.167 美元附近，受到藍色的 50 日指數移動平均線和橙色的 200 日指數移動平均線的支撐，因此表明中長期上漲趨勢。布林通道的小幅擴張表示波動性增加，可能會推動價格出現更大的波動。狗狗幣/USDT 圖表（由 TradingView 提供）

Over the last 24 hours, 1.77K large transactions were registered, carrying approximately $11.4 billion worth of DOGE. This increased activity among whales might indicate potential big investors positioning themselves strategically in view of a market change that could precede a significant price swing.

在過去 24 小時內，登記了 1,770 萬筆大額交易，涉及價值約 114 億美元的 DOGE。鯨魚活動的增加可能表明潛在的大投資者考慮到價格大幅波動之前可能發生的市場變化而進行策略定位。

While the analysis is bullish, a couple of factors could potentially undermine this prediction:

雖然分析是樂觀的，但有幾個因素可能會破壞這個預測：

Market sentiment: General market sentiment across major cryptocurrencies is likely to play a significant role. General bearish sentiment on the market could hinder DOGE's ability to reach such high targets.
Resistance levels: Breaking through $1 represents a psychological barrier for DOGE. To rise above this resistance level, substantial purchasing power and market momentum will be required to break above the levels listed.
Fundamental factors: Dogecoin is not the most commonly used digital asset among institutions or various entities due to the lack of an ecosystem behind it. DOGE primarily acts as a meme and community coin and does not offer significant utility.

市場情緒：主要加密貨幣的整體市場情緒可能會發揮重要作用。市場上普遍的看跌情緒可能會阻礙 DOGE 達到如此高目標的能力。要突破這個阻力位，需要大量的購買力和市場動力才能突破列出的水平。 DOGE 主要充當迷因和社區硬幣，並不提供重要的實用性。