Dogecoin Price Action: Navigating Market Cycles

狗狗幣價格走勢：駕馭市場週期

Dogecoin price action has been analyzed through Wyckoff Logic, revealing the progression through the Wyckoff market cycle.

狗狗幣的價格走勢已透過威科夫邏輯進行了分析，揭示了威科夫市場週期的進展。

Accumulation and Mark Up

累積和加價

DOGE transitioned from the Accumulation phase, characterized by 'Jump The Creek' patterns, into the Mark Up phase. This phase witnessed price increases and heightened trading volumes, indicating growing market participation. Dogecoin experienced breakouts and retests at key resistance levels, confirming the strength of the uptrend.

DOGE 從以「Jump The Creek」模式為特徵的吸籌階段過渡到加價階段。這一階段見證了價格上漲和交易量增加，顯示市場參與度不斷增加。狗狗幣經歷了關鍵阻力位的突破和重新測試，證實了上升趨勢的強度。

Distribution and Mark Down

分發和降價

In 2025, Dogecoin entered the first wave of the Mark Up phase, marked by a price surge towards the upper resistance of the Accumulation phase. This was followed by consolidation, with the price appreciating rapidly and approaching a 'Blow-Off Top,' typical of the Mark Up phase culmination.

2025 年，狗狗幣進入第一波加價階段，其標誌是價格飆升至吸籌階段的上限阻力。隨後是盤整，價格迅速升值並接近“上漲頂部”，這是加價階段頂峰的典型特徵。

The subsequent Distribution phase could involve profit-taking by early buyers, potentially increasing supply over demand. This could lead to the Mark Down phase, where prices would decline, completing the cycle.

隨後的分銷階段可能涉及早期買家的獲利了結，這可能導致供應超過需求。這可能會導致降價階段，價格會下降，從而完成周期。

Technical Analysis

技術分析

Dogecoin has rejected the daily 8 EMA, facing resistance despite attempts to breach the moving average. Higher highs on a 10-minute timeframe indicate an upward trend, while a trendline acting as support further influences price action. Market uncertainty is evident as the price oscillates between the EMA and trendline.

狗狗幣已經拒絕了每日 8 EMA，儘管試圖突破移動平均線，但仍面臨阻力。 10 分鐘時間範圍內較高的高點表示上升趨勢，而作為支撐的趨勢線進一步影響價格走勢。當價格在 EMA 和趨勢線之間振盪時，市場不確定性顯而易見。

Liquidity Dynamics

流動性動態

Binance's DOGE/USDT Liquidation Heatmap shows significant liquidity on the long side, suggesting traders anticipate price increases. Accumulation of long positions implies continued support at higher leverage levels, potentially driving prices upward if sustained buying pressure exists.

幣安的 DOGE/USDT 清算熱圖顯示多頭流動性顯著，顯示交易者預期價格上漲。多頭部位的累積意味著較高槓桿水平的持續支撐，如果存在持續的購買壓力，可能會推動價格上漲。