Dogecoin Price Pumps 19%, Hints at Sustained Uptrend

狗狗幣價格上漲 19%，暗示持續上漲趨勢

Over the past week, Dogecoin's value has surged by 19%, climbing 0.5% over the last 24 hours. As of 3:30 AM EST, it trades at $0.3818, despite a 16% decline in trading volume to $3 billion.

過去一周，狗狗幣的價值飆升了 19%，在過去 24 小時內上漲了 0.5%。截至美國東部時間凌晨 3:30，儘管交易量下降 16% 至 30 億美元，但其交易價格為 0.3818 美元。

Technical Analysis Suggests Continued Price Gains

技術分析顯示價格持續上漲

The DOGE/USDT trading pair on the 1-day chart exhibits a combination of patterns and indicators that hint at both historical price behavior and potential future gains. From May to July 2024, Dogecoin remained within a bearish channel, signaling a prolonged downtrend.

1 日圖表上的 DOGE/USDT 交易對展示了暗示歷史價格行為和潛在未來收益的模式和指標的組合。從 2024 年 5 月到 2024 年 7 月，狗狗幣一直處於看跌通道內，預示著長期的下跌趨勢。

However, a breakout in late July initiated a trend reversal. Subsequently, a bullish cup and handle pattern emerged between August and October. This pattern, characterized by a rounded bottom (the "cup") and a slight retracement (the "handle"), culminated in a breakout in October, pushing prices upward.

然而，7月下旬的突破引發了趨勢逆轉。隨後，8 月至 10 月期間出現了看漲的杯柄型態。這種形態的特點是圓底（「杯子」）和輕微回撤（「手柄」），最終在 10 月突破，推動價格上漲。

Key Support and Resistance Levels

關鍵支撐位和阻力位

Presently, Dogecoin hovers near a crucial support zone between $0.30 and $0.35. This zone has served as a significant foundation for potential price increases since December 2024. The 50-day moving average (MA50) aligns with the current price at $0.38137, providing immediate support. In contrast, the 200-day moving average (MA200) at $0.19447 lies below, indicating a broader bullish trend in the long term.

目前，狗狗幣徘徊在 0.30 美元至 0.35 美元之間的關鍵支撐區域附近。自 2024 年 12 月以來，該區域一直是潛在價格上漲的重要基礎。相比之下，位於 0.19447 美元的 200 日移動平均線 (MA200) 位於下方，顯示長期來看更廣泛的看漲趨勢。

Momentum and Oscillators

動量和震盪指標

The Relative Strength Index (RSI) stands at 57.99, slightly above the neutral zone. This suggests a modest bullish momentum. The RSI has rebounded from the midline (50), indicating potential building buying pressure.

相對強弱指數（RSI）為 57.99，略高於中性區。這顯示溫和的看漲勢頭。 RSI 從中線（50）反彈，顯示潛在的買盤壓力正在增加。

Potential Price Targets and Risks

潛在的價格目標和風險

The current DOGE/USDT structure implies the possibility of continued price appreciation. The support zone of $0.30–$0.35 is integral to maintaining upward momentum. A breakout above $0.40 could clear the path for a rise towards the $0.50–$0.55 resistance zone.

目前的DOGE/USDT結構意味著價格有持續升值的可能性。 0.30 美元至 0.35 美元的支撐區域對於維持上行勢頭至關重要。突破 0.40 美元可能會為上漲至 0.50-0.55 美元阻力區掃清道路。

Conversely, failure to sustain the support zone may lead to a retest of $0.28 or even the MA200 level at $0.19.

相反，未能維持支撐區域可能會導致重新測試 0.28 美元，甚至 MA200 水平 0.19 美元。