Dogecoin Price Analysis: On Saturday, the cryptocurrency market traded relatively stable despite the successful execution of the fourth bitcoin halving. This consolidation trend for a majority of major coins including Dogecoin continues, reflecting no clear dominance from buyers to sellers. However, the DOGE price holding its ground above the 50% retracement level indicates the broader trend on this asset remains bullish.

狗狗幣價格分析：週六，儘管第四次比特幣減半成功執行，但加密貨幣市場交易相對穩定。包括狗狗幣在內的大多數主要代幣的整合趨勢仍在繼續，反映出買家和賣家之間沒有明顯的主導地位。然而，DOGE 價格堅守在 50% 回檔位上方，顯示資產的整體趨勢仍看漲。

Also Read: 6 Expert Picked Crypto To Buy On The Cusp Of 2024 Bitcoin Halving

另請閱讀：6 位專家選擇在 2024 年比特幣減半購買加密貨幣

How 50% Fibonacci Level is Shaping Dogecoin’s Market Strategy

50% 斐波那契程度如何塑造狗狗幣的市場策略

The Dogecoin price has been under an active correction trend for the past three weeks highlighted by a downsloping trendline in the daily chart. The bearish downturn initiated from the $0.228 high tumbled the ADA’s value to a low of $0.13 registering a 43% fall.

過去三週，狗狗幣的價格一直處於積極的修正趨勢中，日線圖表中的下降趨勢線凸顯了這一點。從 0.228 美元的高點開始的看跌低迷使 ADA 的價值暴跌至 0.13 美元的低點，跌幅為 43%。

However, with the Bitcoin price showcasing sustainability above the $60000 psychological level, the Dogecoin price rebounded above 50% Fibonacci retracement level at $0.143. In theory, this FIB level stands as a crucial support level for buyers to replenish bullish momentum amid major market correction.

然而，隨著比特幣價格在 60000 美元心理水平之上展現出可持續性，狗狗幣價格反彈至 0.143 美元的 50% 斐波那契回撤位上方。理論上，該FIB水準是買家在市場重大調整期間補充看漲動能的關鍵支撐位。

The DOGE price has displayed multiple lower-price rejection candles at the $0.143 level for more than a week, signaling that buyers are actively protecting this support. If the anticipated post-halving rally uplifts the altcoin market, the Doge price is well positioned for a bullish reversal.

一周多來，DOGE 價格在 0.143 美元的水平上出現了多個較低價格的拒絕蠟燭，表明買家正在積極保護這一支撐位。如果預期的減半後反彈會提振山寨幣市場，那麼 Doge 價格將處於看漲逆轉的有利位置。

The renewed recovery from 50% retracement will bolster buyers to rechallenge the overhead resistance trendline. This breakout will signal the continuation of the prevailing rally to propel the DOGE price to $0.22, facing in-between resistance at $0.2.

從 50% 回檔位重新復甦將推動買家重新挑戰上方阻力趨勢線。此次突破將標誌著當前反彈的持續，將推動 DOGE 價格升至 0.22 美元，面臨 0.2 美元的中間阻力。

Technical Indicator

技術指標

• Exponential Moving Average: An analysis of the daily chart shows the 50- and 100-day EMA acts as dynamic resistance and support for the DOGE price currently in consolidation.

指數移動平均線：日線圖分析顯示，50 日和 100 日 EMA 充當當前盤整中 DOGE 價格的動態阻力和支撐。

• Moving Average Convergence Divergence: The MACD (blue line) and the signal line (orange) have undergone a significant bearish crossover, with no indications of an imminent bullish reversal as of yet.

移動平均線收斂背離：MACD（藍線）和訊號線（橘色）已經經歷了顯著的看跌交叉，目前還沒有跡象顯示即將出現看漲逆轉。

The post Dogecoin Price Analysis: Key Support Level to Watch Post-Bitcoin Halving appeared first on CoinGape.

狗狗幣價格分析：比特幣減半後觀察到的關鍵支撐位首先出現在 CoinGape 上。