Recent days have seen a surge of activity in the crypto market, with Dogecoin enthusiasts riding a particularly turbulent wave. The market was sent into a bearish region as Bitcoin plunged, retesting the $50,000 mark and triggering a bearish fervor that impacted several

最近幾天，加密貨幣市場的活動激增，狗狗幣愛好者的浪潮尤其洶湧。隨著比特幣暴跌，市場進入看跌區域，重新測試 5 萬美元大關並引發看跌熱情，影響了一些人

altcoins, Notably, meme coins like Dogecoin, saw its momentum halted. Despite this setback, market experts are forecasting a promising comeback for DOGE price, citing signs of an imminent recovery in their price movements following positive on-chain trends.

山寨幣，值得注意的是，像狗狗幣這樣的迷因幣，其勢頭已經停止。儘管遭遇這一挫折，市場專家預測 DOGE 價格有望回升，理由是有跡象表明，在積極的鏈上趨勢之後，其價格走勢即將復甦。

DOGE Shows 2020’s Pattern

In the past 24 hours, the crypto market has seen a significant shakeout, with over $132 million in positions being wiped out. This sell-off was sparked by a downturn in crypto prices, which faced rejection at key resistance levels, leading to a massive $90 million in long positions being liquidated.

DOGE展現了2020年的格局過去24小時，加密貨幣市場出現了大幅震盪，超過1.32億美元的部位被消滅。這次拋售是由加密貨幣價格下跌引發的，加密貨幣價格在關鍵阻力位遭到拒絕，導致 9,000 萬美元的巨額多頭部位被清算。

Dogecoin (DOGE), the most prominent memecoin, saw substantial selling pressure as investors offloaded over $500,000 in long positions. Despite its bearish performance in the recent altcoin rally, Dogecoin is currently showing a chart pattern eerily reminiscent of the one preceding its explosive 2021 bull run. If the patterns hold true, Dogecoin could be setting its sights on an ambitious price target of $10 in the upcoming bull market.

狗狗幣（DOGE）是最著名的迷因幣，隨著投資者拋售超過 50 萬美元的多頭頭寸，出現了巨大的拋售壓力。儘管狗狗幣在最近的山寨幣反彈中表現看跌，但目前顯示的圖表模式令人奇怪地讓人想起 2021 年爆炸性牛市之前的圖表模式。如果這些模式成立，狗狗幣可能會在即將到來的牛市中將其雄心勃勃的目標價定為 10 美元。

Prominent cryptocurrency expert Ali Martinez has pointed out remarkable parallels in Dogecoin’s price trends, comparing its recent activity to the patterns observed in 2020, hinting at the possibility of history repeating itself.

著名加密貨幣專家 Ali Martinez 指出了狗狗幣價格趨勢的顯著相似之處，將其最近的活動與 2020 年觀察到的模式進行了比較，暗示歷史可能會重演。

Martinez highlighted the similarity in Dogecoin’s price trends, noting its breakout from a descending triangle pattern, a subsequent period of consolidation, and an explosive increase of 28,770% in 2020. Currently, Dogecoin seems to be following a similar trajectory, having broken free from a descending triangle and now in a phase of consolidation.

馬丁內斯強調了狗狗幣價格趨勢的相似性，指出其突破了下降三角形模式，隨後進入了盤整期，並在2020 年爆炸性增長了28,770%。目前，狗狗幣似乎正在遵循類似的軌跡，已經擺脫了下降三角形，現在處於盤整階段。

Martinez suggests this could be the precursor to another significant bull run. However, it’s important to mention the anticipation surrounding Dogecoin’s price reaching the $1 milestone. In the previous surge, Dogecoin peaked at 66 cents before undergoing a correction of nearly 90%.

馬丁內斯表示，這可能是另一場重大多頭市場的前兆。然而，重要的是要提及圍繞狗狗幣價格達到 1 美元里程碑的預期。在先前的飆升中，狗狗幣曾一度達到 66 美分的峰值，隨後經歷了近 90% 的回檔。

Interestingly, on-chain metrics reveal that a group of smart whale investors is capitalizing on the recent market downturn rather than joining the prevalent trend of asset liquidation. A Santiment chart showcases the evolving landscape of whale wallet balances, specifically those holding at least 10 million DOGE (valued at approximately $800,000), shedding light on their strategic investment moves in real-time. Presently, the collective balance of Dogecoin whales exceeds 15 billion DOGE tokens, indicating a significant aggregation of wealth within these large-scale holders.

有趣的是，鏈上指標顯示，一群聰明的鯨魚投資者正在利用最近的市場低迷，而不是加入資產清算的普遍趨勢。 Santiment 圖表展示了鯨魚錢包餘額的演變情況，特別是那些持有至少 1000 萬 DOGE（價值約 80 萬美元）的錢包，實時揭示了他們的戰略投資舉措。目前，狗狗幣鯨魚的總餘額超過 150 億 DOGE 代幣，這表明這些大規模持有者的財富大量聚集。

What’s Next For DOGE Price?

Efforts by bearish traders to pull Dogecoin back into the confines of the symmetrical triangle pattern have not been countered effectively by bullish traders. Consequently, the DOGE price is breaching lower than the immediate Fibonacci support levels, weakening the chances for a bullish reversal. As of this writing, the DOGE is trading at $0.083, marking a decline of more than 1.6% since yesterday.

狗狗幣價格的下一步是什麼？ 看跌交易者將狗狗幣拉回對稱三角形模式範圍內的努力並未受到看漲交易者的有效反擊。因此，DOGE 價格跌破直接斐波那契支撐位，削弱了看漲逆轉的機會。截至撰寫本文時，DOGE 的交易價格為 0.083 美元，自昨天以來下跌超過 1.6%。

The 20-day Exponential Moving Average (EMA) is currently set at $0.084 and is on a downward trajectory, while the Relative Strength Index (RSI) has fallen below the neutral 50 mark to 41, indicating a bearish predominance in the market.

20日指數移動平均線（EMA）目前定於0.084美元，並處於下行軌道，而相對強弱指數（RSI）已跌破中性50大關至41，顯示市場看跌占主導地位。

Should this downward trend continue below the moving averages, it could signal an increase in bearish sentiment and intensify selling pressure, even during brief market recoveries. A breach below the crucial support level at $0.08 could trigger a new round of sell-offs.

如果這種下降趨勢繼續低於移動平均線，則可能預示著看跌情緒的增加，並加劇拋售壓力，即使在市場短暫復甦期間也是如此。跌破 0.08 美元的關鍵支撐位可能會引發新一輪拋售。

On the flip side, if bullish traders manage to overturn the current downward momentum and push the price above the EMA levels, there could be an opening for DOGE to climb towards the next resistance area around $0.09.

另一方面，如果看漲交易者設法扭轉當前的下行勢頭並將價格推高至 EMA 水平之上，則 DOGE 可能有機會攀升至 0.09 美元左右的下一個阻力區域。