Dogecoin (DOGE) Price Shows Signs of Rebound After December Slump

Dogecoin（Doge）價格顯示了12月下降後反彈的跡象

After a downward trend since early December 2024, Dogecoin (DOGE) has shown signs of reaching a potential bottom. Rebounding from a key support level around $0.143 over the past two days, the memecoin, backed by Elon Musk, is poised for a possible parabolic rally.

自2024年12月上旬以來的下降趨勢之後，Dogecoin（Doge）顯示出達到潛在底部的跡象。 在過去兩天中，從$ 0.143的鑰匙支持水平反彈，由埃隆·馬斯克（Elon Musk）支持的Memecoin準備參加可能的拋物線集會。

In the 24 hours leading up to Wednesday, March 12th, DOGE's price increased by approximately 8%, trading around $0.1722 during the early New York session. This large-cap altcoin, with a fully diluted valuation of roughly $25 billion and a 24-hour average trading volume of around $2.1 billion, may be mirroring Bitcoin's (BTC) anticipated bullish recovery.

在3月12日星期三的24小時內，Doge的價格上漲了約8％，在紐約早期會議期間交易約為0.1722美元。 這款大型Altcoin的估值全額約為250億美元，平均交易量約為21億美元，可能會反映出比特幣（BTC）預期的看漲恢復。

Dogecoin Price Analysis

Dogecoin價格分析

Technically, Dogecoin's recent rebound from the $0.14 support level, coinciding with the weekly 0.786 Fibonacci Retracement, is significant.

從技術上講，Dogecoin最近從0.14美元的支持水平反彈，這與每週0.786斐波那契回收率一致。

Over the past year, the memecoin has demonstrated higher highs and higher lows, suggesting a potential bottom to the current market correction. Sustained trading above the $0.20 support/resistance level could trigger a significant rally towards its all-time high. Conversely, consistent closing prices below $0.14 in the coming weeks could indicate further downside.

在過去的一年中，Memecoin表現出更高的高點和更高的低點，這表明當前市場校正的底部可能是底部的。 持續的交易高於0.20美元的支撐/阻力水平，可能會引發其歷史最高水平的重大集會。相反，在接下來的幾週內，一致的收盤價低於0.14美元，可能會進一步表明缺點。

Factors Influencing DOGE's Market Outlook

影響總督市場前景的因素

Dogecoin's proof-of-work (PoW) secured network boasts over 6.1 million on-chain holders. Elon Musk's continued support has contributed to increased mainstream adoption by global merchants.

Dogecoin的工作證明（POW）確保網絡擁有超過610萬內鏈持有人。 埃隆·馬斯克（Elon Musk）的持續支持促成了全球商人主流採用的增加。

Growing memecoin demand has attracted institutional interest, evidenced by Grayscale and Bitwise's filings for spot DOGE ETFs in the U.S. Furthermore, IntoTheBlock's on-chain data reveals a recent surge in large transaction volumes on the Dogecoin network.

不斷增長的成熟需求吸引了機構的興趣，這證明了美國在美國對現場Doge ETF的備案提交的文件，此外，Intotheblock的鍊鍊數據揭示了最近在Dogecoin網絡上大量交易的鏈接激增。

Santiment's on-chain data indicates that Dogecoin whales have acquired over 1.4 billion coins in the last two days, bringing their total holdings to approximately 24.6 billion coins.

Santiment的鍊鍊數據表明，在過去的兩天中，Dogecoin鯨魚已收購了超過14億硬幣，使其總持有量達到了約246億硬幣。