Cover image source: U.Today

封面圖片來源：U.Today

Dogecoin's Bullish Wedge Pattern

狗狗幣的看漲楔形形態

In recent weeks, Dogecoin (DOGE) has been gaining attention due to a bullish falling wedge pattern on its price chart. Since reaching its yearly high of $0.2288 in March, DOGE has lost over 62%. However, the downtrend appears to have halted in early September at $0.8893.

最近幾週，狗狗幣（DOGE）因其價格圖表上的看漲下降楔形模式而受到關注。自 3 月觸及 0.2288 美元的年度高點以來，DOGE 已下跌超過 62%。然而，下降趨勢似乎在​​ 9 月初停止於 0.8893 美元。

During its decline, DOGE formed a bullish wedge pattern, creating a range with significant resistance and support levels. Two previous attempts to break out of this pattern in May and July failed. This month, DOGE made another attempt, which initially seemed promising.

在下跌過程中，DOGE 形成了一個看漲楔形形態，形成了一個具有顯著阻力位和支撐位的區間。先前五月和七月兩次試圖打破這種模式的嘗試均以失敗告終。本月，DOGE 進行了另一次嘗試，最初看起來很有希望。

Source: TradingView

來源：TradingView

However, the breakout was met with resistance, resulting in a 3.2% drop in DOGE's price.

然而，突破遇到阻力，導致 DOGE 價格下跌 3.2%。

Analysis

分析

While it is not unusual for a resistance level to be tested multiple times, it is crucial for Dogecoin bulls to demonstrate a strong willingness to break out of the wedge pattern. A successful breakout could lead to a significant rally for the popular meme coin.

雖然多次測試阻力位並不罕見，但對於狗狗幣多頭來說，表現出突破楔形形態的強烈意願至關重要。成功的突破可能會導致流行的迷因幣大幅上漲。

On the other hand, if the resistance holds, Dogecoin may continue to trade within the wedge pattern until a clear breakout occurs.

另一方面，如果阻力位保持不變，狗狗幣可能會繼續在楔形形態內交易，直到出現明顯突破。