• Dogecoin showed strong bullish intent on the price chart.

狗狗幣在價格圖表上顯示出強烈的看漲意圖。

• The lack of volume slightly dampened the buyer vigor.

成交量不足略微削弱了買家的活力。

Dogecoin [DOGE] witnessed a significant whale transaction on the 15th of February, but the price rebounded strongly after a minor dip. However, the bulls were unable to reclaim the 78.6% Fibonacci retracement level.

狗狗幣[DOGE]在2月15日出現了大幅鯨魚交易，但價格小幅下跌後強勁反彈。然而，多頭未能收復 78.6% 斐波那契回檔位。

In other news, the meme coin managed to enter the top 10 cryptos by market capitalization for a brief window of time. However, Chainlink [LINK] was quick to flip DOGE at press time and push it downward to the 11th spot.

在其他消息中，迷因幣在短時間內躋身市值前 10 名加密貨幣行列。然而，截至發稿時，Chainlink [LINK] 很快就翻轉了 DOGE，並將其推至第 11 位。

Examining the Fibonacci levels alongside the structure

沿著結構檢查斐波那契水平

Source: DOGE/USDT on TradingView

來源：TradingView 上的 DOGE/USDT

Based on the drop from $0.0944 to $0.075 in the first week of 2024, a set of Fibonacci retracement levels (pale yellow) were plotted. A bearish order block on the 12-hour chart at the $0.084 region was also highlighted in cyan.

根據 2024 年第一周從 0.0944 美元跌至 0.075 美元，繪製了一組斐波那契回撤水準（淺黃色）。 12 小時圖表上位於 0.084 美元區域的看跌訂單區塊也以青色突出顯示。

Together, they underlined the strong resistance that has been present at the $0.083-$0.086 region. In the past few days, DOGE bulls were able to break out past it after more than a month of trying.

它們共同強調了 0.083-0.086 美元區域存在的強勁阻力。在過去的幾天裡，DOGE多頭經過一個多月的努力終於能夠突破它。

However, while the market structure and the momentum from the RSI signaled bullishness, caution was warranted. The OBV was yet to break out past the local highs set earlier this year. This meant that buying volume had been relatively weak despite the price gains.

然而，雖然市場結構和 RSI 的動力表明看漲，但仍需謹慎。 OBV 尚未突破今年稍早創下的當地高點。這意味著儘管價格上漲，但購買量卻相對疲軟。

The 78.6% retracement level at $0.09 also forced a minor dip in the past 12 hours. Dogecoin was trading at $0.086 once more, and a retest of the former resistance zone indicated that this was a buying opportunity for the bulls. Or is it a rejection and the beginning of a downtrend?

0.09 美元的 78.6% 回檔位也迫使其在過去 12 小時內小幅下跌。狗狗幣再次交易於 0.086 美元，對前阻力區的重新測試表明，這是多頭的買入機會。還是拒絕和下降趨勢的開始？

Clearing some of the confusion around the price action

消除有關價格行為的一些混亂

Source: Santiment

資料來源：Santiment

Meme coin investments are wrought with risk. The weighted market sentiment has been negative since the final week of January, which meant that the market participants were not too keen on buying DOGE.

模因幣投資是有風險的。自1月最後一週以來，加權市場情緒一直為負面，這意味著市場參與者不太熱衷於購買DOGE。

However, the Open Interest rose steadily higher, which showed speculators were excited to bet on continued price gains. The active addresses also soared in recent days and could fuel demand for Dogecoin.

然而，未平倉合約穩步上升，這表明投機者對押注價格持續上漲感到興奮。最近幾天活躍地址也飆升，可能會刺激對狗狗幣的需求。

Realistic or not, here’s DOGE’s market cap in BTC’s terms

不管現實與否，這是以 BTC 計算的 DOGE 市值

Putting all the information together, it appeared that buying Dogecoin was a safer bet than going short. The $0.0815-$0.083 represented a pocket of liquidity that could be swept before the rally continues.

綜合所有信息，購買狗狗幣似乎比做空更安全。 0.0815-0.083 美元代表了在反彈繼續之前可能被掃除的一小部分流動性。

If the token prices fall below the $0.081 mark, traders could flip their bias bearishly. A drop below $0.0819 would flip the market structure bearishly as well.

如果代幣價格跌破 0.081 美元大關，交易者可能會轉向看跌。跌破 0.0819 美元也會讓市場結構產生悲觀變化。

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

免責聲明：所提供的資訊不構成金融、投資、交易或其他類型的建議，僅代表作者的意見。