Dogecoin Price Analysis: The second largest meme cryptocurrency Dogecoin has been under a correction trend for over two years and witnessed a drop from $0.228 to $0.17 registering a 28.35% loss. Amid the broader market correction, this asset has showcased a lower high formation in daily charts indicating an early sign of market sentiment shifting from buying on dips to selling on bounces. Is there an opportunity for buyers to counterattack?

狗狗幣價格分析：第二大迷因加密貨幣狗狗幣已經經歷了兩年多的調整趨勢，從 0.228 美元跌至 0.17 美元，跌幅達 28.35%。在更廣泛的市場調整中，該資產在日線圖上顯示出較低的高位形態，表明市場情緒從逢低買入轉向反彈賣出的早期跡象。買家還有反擊的機會嗎？

Also Read: 6 Meme Coins Crypto To Avoid Until After Halving

另請閱讀：減半前應避免使用的 6 種 Meme 幣

Will Dogecoin Price Reclaim $0.2?

狗狗幣價格會回升 0.2 美元嗎？

The prevailing mid-term outlook for Dogecoin remains positive, tracking along an upward trendline that offers a solid foundation for bulls to possibly mount a comeback. The recent dip in the market saw Dogecoin’s value retract to $0.173, yet it’s still positioned above a pivotal support blend, incorporating the ascending trendline, the 38.2% Fibonacci retracement level, and the 50-day Exponential Moving Average (EMA) curve. 

狗狗幣的普遍中期前景仍然樂觀，沿著上升趨勢線前進，為多頭可能捲土重來提供了堅實的基礎。最近的市場下跌導致狗狗幣的價值回落至0.173 美元，但它仍然位於關鍵支撐位之上，包括上升趨勢線、38.2% 斐波那契回撤位和50 天指數移動平均線(EMA) 曲線。

This triple confluence of support zones is a hotspot for buyers, potentially preventing a more extended decline and possibly igniting a rally that could retest resistance levels at $0.2, with sights on an ascent to $0.229.

這個支撐區的三重匯合是買家的熱點，可能會阻止更長的下跌，並可能引發反彈，重新測試 0.2 美元的阻力位，並有望升至 0.229 美元。

This confluence of support creates a high area of interest for buyers to prevent prolonged downfall. Sustaining this support will rebound the DOGE price high and rechallenge the overhead resistance at $0.2, followed by $0.229.

這種支撐的匯合引起了買家的高度興趣，以防止長期下跌。維持這一支撐將使 DOGE 價格反彈至高位，並重新挑戰上方阻力位 0.2 美元，隨後是 0.229 美元。

Also Read: Dogecoin and Other Meme Coins Tank But Traders Are Buying This Token on the Dip

另請閱讀：狗狗幣和其他 Meme 代幣暴跌，但交易者正在逢低買入這種代幣

Massive DOGE Transfer to Robinhood Could Signal Downward Shift

大規模 DOGE 轉移到 Robinhood 可能預示向下轉變

A recent Whale Alert tweet flagged a massive Dogecoin transaction where 74 million DOGE, worth over $12.5 million, was moved to Robinhood. This notable transaction amid current market consolidation hints the DOGE price prolongs its downward trajectory.

最近的一條 Whale Alert 推文標記了一筆大規模的狗狗幣交易，其中 7,400 萬枚狗狗幣（價值超過 1,250 萬美元）被轉移到 Robinhood。當前市場整合期間的這一值得注意的交易暗示 DOGE 價格將延長其下行軌跡。

74,024,901 #DOGE (12,583,531 USD) transferred from unknown wallet to #Robinhoodhttps://t.co/H9KdL5hAwY

74,024,901 #DOGE（12,583,531 美元）從未知錢包轉移到#Robinhoodhttps://t.co/H9KdL5hAwY

— Whale Alert (@whale_alert) April 13, 2024

— 鯨魚警報 (@whale_alert) 2024 年 4 月 13 日

Thus, a breakdown below the aforementioned trendline may intensify the supply pressure and plunge the asset back to $0.122.

因此，跌破上述趨勢線可能會加劇供應壓力，並使資產跌至 0.122 美元。

Also Read: Dogecoin (DOGE)’s Latest Surge: But Can It Compete with O2T’s Groundbreaking 400% Rally?

另請閱讀：狗狗幣 (DOGE) 的最新飆升：但它能與 O2T 突破性的 400% 反彈競爭嗎？

Technical Indicator

技術指標

• Relative Strength Index: The daily RSI slope below 47% reflects a neutral to bearish sentiment among market participants.

相對強弱指數：每日 RSI 斜率低於 47%，反映了市場參與者的中性至看跌情緒。

• Exponential Moving Average: The memecoin price trading above daily EMAs(50, 100, and 200) the broader trend remains bullish.

指數移動平均線：memecoin 價格交易高於每日 EMA（50、100 和 200），更廣泛的趨勢仍然看漲。

The post Dogecoin Price Analysis: Key Support Levels To Watch Amid Market Sell-off appeared first on CoinGape.

狗狗幣價格分析：市場拋售中值得關注的關鍵支撐位這篇文章首先出現在 CoinGape 上。