DOGE's Price Charts Maintain Green, But Bearish Indicators Emerge

DOGE 的價格圖表保持綠色，但出現看跌指標

In the past week, Dogecoin (DOGE) exhibited contrasting behavior compared to other leading cryptocurrencies, posting gains in both weekly and daily charts. A bullish pattern emerged on its price chart, indicating the potential for a significant rally.

在過去的一周中，狗狗幣（DOGE）與其他領先的加密貨幣相比表現出了截然不同的行為，在周線和日線圖表中均出現上漲。其價格圖表上出現看漲模式，顯示有可能大幅上漲。

Bullish Week for DOGE

DOGE 本週看漲

According to CoinMarketCap, DOGE's price increased by over 6% over the last seven days. This bullish trend continued in the following 24 hours, with an additional 3% appreciation. At press time, DOGE traded at $0.1337 with a market capitalization exceeding $19 billion.

根據 CoinMarketCap 的數據，DOGE 的價格在過去 7 天內上漲了 6% 以上。這種看漲趨勢在接下來的 24 小時內持續，並額外上漲了 3%。截至發稿，DOGE 交易價格為 0.1337 美元，市值超過 190 億美元。

Bullish Falling Wedge Pattern

看漲下降楔形形態

Crypto analyst Kevin shared a tweet highlighting a bullish falling wedge pattern in DOGE's price chart. This pattern suggests that DOGE's price has been consolidating within a triangular range with diminishing highs and lows. A breakout from the wedge could propel DOGE towards $0.30 in the near future.

加密貨幣分析師 Kevin 分享了一則推文，強調 DOGE 價格圖表中的看漲下降楔形模式。這種模式顯示 DOGE 的價格一直在高點和低點逐漸減少的三角形區間內盤整。突破楔形可能會在不久的將來推動 DOGE 升至 0.30 美元。

Bearish Indicators

看跌指標

Alongside the bullish pattern, several indicators pointed towards a potential price correction.

除了看漲模式外，一些指標也顯示價格可能會出現調整。

• Trading Volume Decline: DOGE's trading volume decreased while its price increased, indicating a bearish signal.
• MVRV Ratio Drop: The MVRV ratio, which measures the profit/loss of DOGE holders, also fell, suggesting bearishness.
• Weighted Sentiment: Dogecoin's weighted sentiment remained negative, indicating dominance of bearish sentiments in the market.

Short Positions Dominate

交易量下降：DOGE 交易量下降，價格上漲，顯示看跌訊號。上看空情緒占主導地位。

According to Coinglass data, DOGE's long/short ratio registered a decline, indicating an increase in short positions compared to long positions.

根據Coinglass的數據，DOGE的多空比率有所下降，顯示空頭部位相對於多頭部位增加。

Technical Indicators Lean Bearish

技術指標偏空

Technical indicators such as RSI, MFI, and MACD also displayed bearish signals, hinting at the possibility of a price correction.

RSI、MFI、MACD等技術指標也顯示看跌訊號，暗示價格可能回檔。

Potential Breakout Despite Bearish Indicators

儘管指標看跌，仍有可能突破

Despite these bearish indicators, DOGE remains above its 20-day SMA, providing some support. If DOGE successfully tests this level, a breakout from the falling wedge pattern could occur.

儘管有這些看跌指標，但 DOGE 仍高於 20 日移動平均線，提供了一些支撐。如果 DOGE 成功測試該水平，則可能會突破下降楔形形態。

Resistance and Target Levels

阻力位和目標水平

Before reaching $0.3, DOGE must first overcome resistance at $0.135. Beyond that, the next potential target in the short term would be $0.143.

在達到 0.3 美元之前，DOGE 必須先克服 0.135 美元的阻力。除此之外，短期內的下一個潛在目標將是 0.143 美元。