Dogecoin Price Correction After Post-Election Surge

選舉後飆漲後狗狗幣價格調整

Dogecoin (DOGE), the prominent meme coin, experienced a technical correction, dipping to $0.1930 on November 7. This 12% decline followed a multi-month high reached on November 6 in the wake of Donald Trump's election victory.

著名的迷因代幣狗狗幣(DOGE) 經歷了技術調整，於11 月7 日跌至0.1930 美元。 ，跌幅達12%。

Despite the correction, DOGE has demonstrated strong performance in recent days, surging by 140% since its August low. Trader optimism surrounding Trump's victory and its potential implications for Elon Musk, DOGE's prominent supporter, contributed to these gains. Musk is anticipated to play a role in the Department of Government Efficiency and advocate for cryptocurrency within the administration.

儘管出現調整，DOGE 最近幾天表現強勁，自 8 月低點以來飆升 140%。交易員對川普的勝利及其對 DOGE 的著名支持者 Elon Musk的潛在影響的樂觀情緒促成了這些漲幅。預計馬斯克將在政府效率部發揮作用，並在政府內倡導加密貨幣。

Fundamentals and Technical Indicators Support Long-Term Growth

基本面和技術指標支持長期成長

Dogecoin exhibits robust fundamentals and technical indicators suggesting potential for long-term appreciation. Futures open interest has reached its highest point since April, currently standing at $1.62 billion. Additionally, spot market volume has sustained an elevated level, reaching $6.4 billion on Thursday, indicating active buying interest.

狗狗幣展現出強勁的基本面和技術指標，顯示長期升值的潛力。期貨未平倉合約已達到 4 月以來的最高點，目前為 16.2 億美元。此外，現貨市場成交量持續保持在較高水平，週四達到 64 億美元，顯示購買興趣活躍。

Bullish Chart Patterns Suggest Upside Potential

看漲圖表模式顯示上漲潛力

On the daily chart, DOGE has formed a falling wedge pattern, with two trendlines connecting higher lows and lower lows. A bullish breakout occurs as the lines approach each other. Additionally, a golden cross pattern emerged on October 25, where the 200 and 50-day moving averages crossed bullishly, often signaling further gains.

日線圖上，DOGE 形成了下降楔形形態，有兩條趨勢線連接較高的低點和較低的低點。當兩條線相互接近時，就會出現看漲突破。此外，10 月 25 日出現了黃金交叉形態，其中 200 日移動平均線和 50 日移動平均線看漲交叉，通常預示著進一步上漲。

DOGE is currently in the process of forming a cup and handle pattern, typically indicating continued growth. Breaking above the cup's upper lip at $0.2285 would validate further upward momentum.

DOGE 目前正在形成杯柄圖案，通常表示持續成長。突破 0.2285 美元的上唇將驗證進一步的上漲勢頭。

However, a drop below $0.1425, the November 3 swing low, would invalidate the bullish outlook.

然而，跌破 11 月 3 日波動低點 0.1425 美元將使看漲前景失效。