Dogecoin Exhibits Familiar Price Pattern, Fueling Breakout Speculation

狗狗幣表現出熟悉的價格模式，加劇了突破性投機

Dogecoin (DOGE) is displaying a price pattern reminiscent of its behavior before its remarkable 8,000% surge in 2021, igniting speculation about another significant breakout in the coming weeks.

狗狗幣 (DOGE) 顯示的價格模式讓人想起其在 2021 年大幅飆升 8,000% 之前的表現，引發了人們對未來幾週內再次重大突破的猜測。

Consolidation Parallels 2021

2021 年整合平行

DOGE's price has witnessed a 480% rebound since its August 2024 lows, including a 220% rally following Donald Trump's presidential election victory in November. However, the cryptocurrency has since entered a consolidation period.

DOGE 的價格自 2024 年 8 月低點以來已經反彈 480%，其中在唐納德·川普 11 月總統選舉獲勝後反彈了 220%。然而，加密貨幣此後進入了盤整期。

DOGE/USD Weekly Price Chart

DOGE/USD 每週價格圖表

Source: TradingView

來源：TradingView

DOGE is currently trading within a narrow range of $0.39-$0.48, as marked by the red circles on the chart above. This consolidation mirrors the pattern observed in early 2021, when Dogecoin experienced a steep upward movement followed by a sideways trend prior to a significant breakout.

DOGE 目前在 0.39-0.48 美元的窄幅區間內交易，如上圖紅圈所示。這種盤整反映了 2021 年初觀察到的模式，當時狗狗幣經歷了急劇的上漲走勢，隨後在大幅突破之前出現橫盤趨勢。

Weekly RSI Supports Bullish Outlook

每週 RSI 支援看漲前景

Another similarity between the 2021 and current price trends is the weekly relative strength index (RSI). As of December 2024, the weekly RSI has entered overbought territory above 70, typically signaling a price correction or prolonged consolidation. However, in 2021, similar overbought conditions preceded bullish continuation.

2021 年和當前價格趨勢之間的另一個相似之處是每週相對強弱指數 (RSI)。截至 2024 年 12 月，每週 RSI 已進入 70 以上的超買區域，通常預示著價格調整或長期盤整。然而，2021 年，在看漲持續之前，出現了類似的超買狀況。

If history repeats itself, DOGE could initially target $0.75 by January 2025, as indicated by Fibonacci retracement projections, representing an 85% price increase.

如果歷史重演，DOGE 最初的目標可能是到 2025 年 1 月，如斐波那契回撤預測所示，價格上漲 85%，即 0.75 美元。

Source: X

來源：X

Whale Accumulation and Elon Musk's Influence

鯨魚的累積和伊隆馬斯克的影響

On-chain data further supports the bullish outlook. Messari reports that addresses holding at least 1 million DOGE now possess a record-breaking 130.17 billion DOGE. The rising whale supply indicates growing confidence among major investors in Dogecoin's upward trajectory.

鏈上數據進一步支持了看漲前景。 Messari 報告稱，持有至少 100 萬個 DOGE 的地址目前擁有破紀錄的 1301.7 億個 DOGE。鯨魚供應量的增加顯示主要投資者對狗狗幣上漲軌跡的信心不斷增強。

DOGE Supply in Addresses with over 1 Million Tokens

DOGE 在超過 100 萬個代幣的地址中供應

Source: Messari

資料來源：梅薩裡

A similar surge in whale-held DOGE was observed during the 2021 rally, with the count increasing from 110.31 billion to a peak of 112.46 billion.

在 2021 年的反彈期間，鯨魚持有的 DOGE 也出現了類似的激增，數量從 1,103.1 億增加到峰值 1,124.6 億。

Elon Musk's impact on Dogecoin's performance continues to be significant. During the 2020-2021 rally, Musk's frequent tweets promoting the memecoin contributed heavily to its price surge. A comparable catalyst emerged recently with the launch of the humorously named Department of Government Efficiency (DOGE), which has sparked renewed speculative interest in DOGE.

伊隆馬斯克對狗狗幣表現的影響仍然很大。在 2020-2021 年的上漲期間，馬斯克頻繁發布推文宣傳迷因幣，對其價格飆升做出了重大貢獻。最近，隨著幽默命名的政府效率部 (DOGE) 的成立，出現了類似的催化劑，這再次引發了人們對 DOGE 的投機興趣。

Disclaimer: This article does not constitute investment advice or recommendations. All investments and trading involve risk, and individuals should conduct their own research before making any decisions.

免責聲明：本文不構成投資建議或推薦。所有投資和交易都涉及風險，個人在做出任何決定之前應進行自己的研究。