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Challenging the current cryptocurrency market correction, the price of Dogecoin (DOGE) experienced a serious rise in the fourth week of March. Starting from the recent correction’s lowest level of $0.122, the cryptocurrency’s price showed a 78% increase, reaching the current trading price of $0.21.
面對當前加密貨幣市場的調整,狗狗幣(DOGE)的價格在3月第四週經歷了嚴重上漲。從最近調整的最低水準 0.122 美元開始,加密貨幣的價格上漲了 78%,達到目前交易價格 0.21 美元。
Volume Increase in DOGE
DOGE 成交量增加
This rally recently broke through the highest resistance of the last swing at $0.2 and may signal a potential for further recovery. Amid the recovery of the leading cryptocurrency Bitcoin from $60,000, Dogecoin rebounded from the combined support of the 50-day EMA and the 61.8% Fibonacci retracement level. This V-shaped return, supported by a notable increase in volume, reflects high-momentum buying and the enthusiasm of meme token aficionados.
這次反彈最近突破了上次波動的最高阻力位 0.2 美元,可能預示著進一步復甦的潛力。在領先的加密貨幣比特幣從 60,000 美元回升的過程中,狗狗幣從 50 日均線和 61.8% 斐波那契回撤位的聯合支撐中反彈。在交易量顯著增加的支撐下,這種 V 形回報反映了高勢頭的購買和 Meme 代幣愛好者的熱情。
Over the past two weeks, these whales have accumulated approximately 1.4 billion DOGE, equivalent to an astonishing investment of $280 million. This activity may indicate the strong confidence of high-net-worth individuals in Dogecoin’s future market performance. On March 28th, the DOGE price made a significant breakout from the $0.206 resistance, reaching the highest level in 28 months at $0.2288. However, with an intraday loss of 2.4%, it is possible that the cryptocurrency price may retest the broken resistance and potential support.
過去兩週,這些鯨魚已經累積了約 14 億 DOGE,相當於 2.8 億美元的驚人投資。這項活動可能表明高淨值人士對狗狗幣未來市場表現的強烈信心。 3月28日,DOGE價格大幅突破0.206美元阻力位,達到28個月來最高0.2288美元。然而,隨著盤中下跌 2.4%,加密貨幣價格可能會重新測試突破的阻力位和潛在支撐位。
Critical Formation in Dogecoin
狗狗幣的關鍵形態
The uptrend in Dogecoin could encourage buyers to pursue potential targets of $0.27 and then $0.3. According to broader chart analyses, Dogecoin has formed a rounded bottom pattern, indicative of a gradual and steady transition from a downtrend to an uptrend, suggesting long-term sustainability of its price trajectory. Consequently, Dogecoin experienced a rally supported by Bitcoin‘s recovery and the accumulation of a large amount of DOGE, creating a U-shaped recovery pattern that exhibits a long-term upward trend.
狗狗幣的上漲趨勢可能會鼓勵買家追求 0.27 美元和 0.3 美元的潛在目標。根據更廣泛的圖表分析,狗狗幣已形成圓底形態,顯示從下降趨勢到上升趨勢的逐步穩定過渡,顯示其價格軌跡的長期可持續性。因此,狗狗幣在比特幣的復甦和大量DOGE的累積的支撐下經歷了反彈,形成了U型復甦格局,呈現出長期上漲的趨勢。
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