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Dogecoin (DOGE) price was affected by the recent drop in Bitcoin, resulting in a sharp decline that continued the downward trend since December 2023. Despite the drop, Dogecoin’s price is still moving within the boundaries of a short-term formation. The question is whether it can bounce back from its current position or if a potential break could deepen the decline.
狗狗幣(DOGE)價格受到近期比特幣下跌的影響,導致大幅下跌,延續了自 2023 年 12 月以來的下跌趨勢。儘管下跌,但狗狗幣的價格仍在短期形態的範圍內波動。問題是它是否能從目前的位置反彈,或者潛在的突破是否會加深跌勢。
Current State of Dogecoin
狗狗幣的現狀
Since April 2021, DOGE’s price has been following a decreasing resistance trend line. In June 2022, the price reached a disappointing low of $0.049. Despite several unsuccessful attempts to break through the decreasing resistance line (indicated by red symbols), the price eventually broke above the trend line in November 2023.
自2021年4月以來,DOGE的價格一直遵循著下降的阻力趨勢線。 2022 年 6 月,價格跌至令人失望的低點 0.049 美元。儘管多次嘗試突破下降阻力線(以紅色符號表示)均未成功,但價格最終在 2023 年 11 月突破趨勢線。
This breakout led to a rise until December, stopping just below a significant horizontal resistance area. The price climbed to the highest level of 2023 at $0.108. Since then, Dogecoin has been experiencing a downward price movement.
這次突破導致價格上漲直至 12 月,在一個重要的水平阻力區域下方止住。價格攀升至 2023 年最高 0.108 美元。從那時起,狗狗幣的價格一直在下跌。
A weekly RSI analysis shows the value is still above 50, but it reached this point by decreasing, not increasing. The drop over the last two weeks from the 70 level indicates a weakening in price.
每週 RSI 分析顯示該數值仍高於 50,但到達此點時是下降而非上升。過去兩週從 70 水平的下跌表明價格走弱。
The situation suggests that there has been a change in momentum following the recent highest level, which requires traders to be more cautious about their investments.
這種情況表明,繼近期最高水平之後,勢頭發生了變化,這要求交易者對其投資更加謹慎。
DOGE Price Prediction
DOGE價格預測
It is difficult to determine a clear direction in the weekly timeframe, similar to the daily trend, due to daily price movements and RSI.
由於每日價格變動和 RSI,很難在每週時間範圍內確定明確的方向,類似於每日趨勢。
Looking at the price movement, DOGE has been moving within a decreasing parallel channel since December 11. Such movements generally bring corrections.
從價格走勢來看,自 12 月 11 日以來,DOGE 一直在下降的平行通道內波動。這種走勢通常會帶來調整。
Yesterday’s sudden price drop caused a move below the channel’s support trend line, but DOGE showed buying pressure with a long lower wick (green symbol). The wick confirmed the horizontal support level at $0.075. Following this price action, DOGE returned to the boundaries of the past channel.
昨天的價格突然下跌導致價格跌破通道支撐趨勢線,但 DOGE 透過較長的下影線(綠色符號)顯示出買盤壓力。燈芯確認了 0.075 美元的水平支撐位。在此價格走勢之後,DOGE 回到了過去通道的邊界。
Despite the strong price stance, a downward trend is observed in the daily RSI. For the first time since October, the RSI has fallen below 50 (red circle). Therefore, it is uncertain what kind of price movement DOGE may experience.
儘管價格立場強勁,但每日 RSI 仍呈下降趨勢。自 10 月以來,RSI 首次跌破 50(紅圈)。因此,DOGE 可能會經歷什麼樣的價格走勢尚不確定。
A new breakout in the channel could lead to a further decline and trigger a 9% drop to revisit the $0.075 support level. On the other hand, an upward breakout in the channel could bring a 25% rise to the next resistance level of $0.100.
該通道的新突破可能會導致進一步下跌,並引發 9% 的下跌,重新觸及 0.075 美元的支撐位。另一方面,該通道的向上突破可能會帶來 25% 的上漲,到達下一個阻力位 0.100 美元。
The post first appeared on COINTURK NEWS: Dogecoin Price Analysis Amid Market Fluctuations
該貼文首次出現在 COINTURK 新聞:市場波動中的狗狗幣價格分析