Dogecoin (DOGE) Rallies Over 10% Amidst Memecoin Recovery

狗狗幣 (DOGE) 在 Memecoin 復甦期間上漲超過 10%

Dogecoin (DOGE), the leading memecoin by market capitalization, has witnessed a significant surge of over 10% in the past 24 hours as memecoins experience a broader recovery.

隨著 memecoin 經歷更廣泛的復甦，狗狗幣 (DOGE) 是市值領先的 memecoin，在過去 24 小時內大幅上漲超過 10%。

Currently trading at $0.1262, DOGE's price has reached its highest point since September 29th, marking a remarkable 44% increase from its local low of $0.08888 on September 6th.

目前，DOGE 的交易價格為 0.1262 美元，已達到 9 月 29 日以來的最高點，較 9 月 6 日的當地低點 0.08888 美元上漲了 44%。

Trading activity has also climbed alongside DOGE's price surge. Spot trading volumes for DOGE surpassed $1.8 billion on October 16th, an impressive 95% and 165% increase over the past 24 hours and seven days, respectively.

隨著 DOGE 價格的飆升，交易活動也隨之增加。 10 月 16 日，DOGE 現貨交易量超過 18 億美元，在過去 24 小時和 7 天內分別成長了 95% 和 165%，令人印象深刻。

According to CoinMarketCap data, its market capitalization has reclaimed the $18 billion mark, solidifying its position as the world's largest memecoin. Notably, DOGE remains the most actively traded memecoin on October 16th, outperforming Pepe (PEPE) by over $600 million in volume.

根據 CoinMarketCap 數據，其市值已重回 180 億美元大關，鞏固了其作為全球最大 memecoin 的地位。值得注意的是，DOGE 仍然是 10 月 16 日交易最活躍的 memecoin，交易量超過 Pepe (PEPE) 超過 6 億美元。

Factors Driving DOGE's Bullish Momentum

推動 DOGE 看漲勢頭的因素

Several crypto traders anticipate that DOGE will capitalize on its current momentum to initiate a sustained recovery. Alstreet Bets, an anonymous altcoin analyst, expressed optimism on October 16th, stating "Doge is ready to run."

一些加密貨幣交易員預計 DOGE 將利用其當前的勢頭來啟動持續復甦。匿名山寨幣分析師 Alstreet Bets 於 10 月 16 日表達了樂觀態度，並表示「Doge 已準備好運行」。

Crypto technical analyst Mikybull Crypto shared a chart indicating DOGE's price breaking above a 180-day descending trendline, identifying $0.13 and $0.14 as key resistance levels to monitor.

加密貨幣技術分析師 Mikybull Crypto 分享了一張圖表，顯示 DOGE 的價格突破 180 天下降趨勢線，將 0.13 美元和 0.14 美元確定為需要監控的關鍵阻力位。

The multi-month descending trend line at $0.1047 provides immediate support for the memecoin, while the moving average convergence divergence (MACD) indicator recently generated a bullish signal. This signal emerged when the MACD line (blue) crossed above the signal line (orange), suggesting a shift in market conditions favoring upward movement.

0.1047 美元的個多月下降趨勢線為 memecoin 提供了即時支撐，而移動平均收斂發散 (MACD) 指標最近產生了看漲訊號。當 MACD 線（藍色）穿過訊號線（橘色）上方時，此訊號出現，表示市場狀況發生轉變，有利於上漲。

It's noteworthy that DOGE's recent rally has converted critical levels into support, including the 50-week and 100-week simple moving averages (SMAs) at $0.1196 and $0.970, respectively. Increased buying from these areas will likely propel DOGE's price towards the March 18th high of $0.2286.

值得注意的是，DOGE 最近的反彈已將關鍵水平轉化為支撐位，其中包括 50 週和 100 週簡單移動平均線 (SMA)，分別為 0.1196 美元和 0.970 美元。這些地區購買量的增加可能會推動 DOGE 的價格升至 3 月 18 日的高點 0.2286 美元。

However, futures traders remain cautious about a rapid rebound, with $587,344 in short positions vulnerable if the price recovers to $0.130, the current position of the 200-day SMA. A further 10% decline to $0.114 would result in the liquidation of $1.73 million in long positions.

然而，期貨交易員對快速反彈仍持謹慎態度，如果價格恢復至 0.130 美元（200 日移動平均線的當前位置），則 587,344 美元的空頭部位將很脆弱。如果進一步下跌 10% 至 0.114 美元，將導致 173 萬美元的多頭部位被清算。

Rising Open Interest Supports DOGE's Recovery

未平倉合約上升支持 DOGE 復甦

The spike in DOGE's price on October 14th coincides with a sharp increase in its open interest (OI). OI, a crucial metric for assessing market sentiment and anticipating future price movements, rose to $755.5 million on October 16th, a 27.3% increase from $593.7 million the previous day.

DOGE 價格在 10 月 14 日飆升的同時，其未平倉合約 (OI) 也急劇增加。 OI 是評估市場情緒和預測未來價格走勢的重要指標，10 月 16 日昇至 7.555 億美元，較前一天的 5.937 億美元增長 27.3%。

Data from CoinGlass also reveals a growing demand for leveraged long positions in DOGE over the past few days, reflected in the perpetual futures funding rate. The current 0.0102% eight-hour rate equates to a 0.2142% cost over seven days, which is significant for traders holding futures positions.

CoinGlass 的數據也顯示，過去幾天對 DOGE 槓桿多頭部位的需求不斷增長，這反映在永續期貨融資利率上。目前 0.0102% 的 8 小時費率相當於 7 天內的 0.2142% 成本，這對於持有期貨部位的交易者來說意義重大。

This indicates sustained bullish sentiment, with traders willing to pay a premium to maintain long positions, thereby driving DOGE's price higher.

這表明看漲情緒持續存在，交易者願意支付溢價來維持多頭頭寸，從而推高 DOGE 的價格。

Disclaimer: This article does not provide investment advice or recommendations. All investments and trading activities involve risk, and readers should conduct thorough research before making any decisions.

免責聲明：本文不提供投資建議或推薦。所有投資和交易活動都涉及風險，讀者在做出任何決定之前應進行徹底的研究。