Elon Musk's Support Drives Dogecoin's Resurgence

伊隆·馬斯克的支持推動了狗狗幣的復興

With Elon Musk's recent interest in U.S. politics and his support for Donald Trump, the "Dogefather" has re-emerged as a significant player in the cryptocurrency market. As evidenced by the overwhelming success of Musk's recent town hall, which garnered more views than Kamala Harris' live rally, the public's sentiment towards Dogecoin is strongly positive.

隨著伊隆馬斯克最近對美國政治的興趣以及對唐納德·川普的支持，這位「教父」重新成為加密貨幣市場的重要參與者。馬斯克最近的市政廳取得了壓倒性的成功，比卡馬拉·哈里斯的現場集會獲得了更多的觀看次數，這證明了公眾對狗狗幣的態度非常積極。

This resurgence has led to a surge in Dogecoin's price and social media activity. Should investors consider acquiring DOGE in anticipation of another bull run?

這種復甦導致狗狗幣的價格和社群媒體活動激增。投資者是否應該考慮收購 DOGE 以應對另一輪牛市？

Dogecoin Price Analysis

狗狗幣價格分析

The daily chart for Dogecoin (DOGE) reveals a bullish trend, with eight consecutive green candles representing a 24.57% increase. This uptrend initiated with a double-bottom reversal and a breach of a falling wedge pattern.

狗狗幣 (DOGE) 的日線圖顯示看漲趨勢，連續八根綠色蠟燭代表上漲 24.57%。這一上升趨勢始於雙底反轉和下降楔形形態的突破。

Since its recent low of $0.08049 on August 5th, Dogecoin has climbed by 62.64% in three months, surpassing its previous peak of $0.1282 and forming a rounding-bottom reversal pattern.

自8月5日觸及近期低點0.08049美元以來，狗狗幣在三個月內上漲了62.64%，超越了先前的峰值0.1282美元，並形成了圓底反轉模式。

Technical Indicators

技術指標

• MACD: A positive crossover in the MACD signal line, coupled with rising histograms, suggests increasing bullish momentum.
• EMA: The bullish influence has strengthened, leading to an uptick in the 50-day EMA, raising the likelihood of a golden crossover.

These technical indicators support the continuation of the bullish trend in Dogecoin's price.

MACD：MACD訊號線正向交叉，加上長條圖上升，顯示看漲勢頭增強。看漲趨勢。

Dogecoin Social Activity

狗狗幣社交活動

LunarCrush Social Intelligence recently reported that Dogecoin's social media presence has exploded across major platforms, reaching a 12-month high and a 3-month peak. Its social dominance has increased by 1.55%, while creator activity has surged by 2.59% over the past 24 hours.

LunarCrush Social Intelligence 最近報道稱，狗狗幣在各大平台的社群媒體曝光率爆炸性成長，達到 12 個月以來的最高點和 3 個月以來的最高點。過去 24 小時內，其社交統治力增加了 1.55%，創作者活躍度激增 2.59%。

Dogecoin Price Targets

狗狗幣價格目標

Based on Fibonacci levels, the uptrend has exceeded the 23.60% and 38.20% retracement levels. However, Dogecoin encountered resistance at approximately $0.14, resulting in a long-wicked intraday candle.

根據斐波那契水平，上升趨勢已超過 23.60% 和 38.20% 回撤水準。然而，狗狗幣在大約 0.14 美元處遇到阻力，導致盤中出現長燭。

This resistance raises concerns about the sustainability of the bullish momentum above the 38.20% Fibonacci level. Nonetheless, the uptrend projects the next target at the 50% level of $0.14404.

這一阻力引發了人們對 38.20% 斐波那契水平上方看漲勢頭能否持續的擔憂。儘管如此，上升趨勢預計下一個目標為 50% 水準 0.14404 美元。

If the uptrend persists amidst a broader market recovery, Dogecoin (DOGE) is likely to break through the 50% level and reach the 67.80% or 78.60% levels at $0.1591 or $0.1835, respectively. Conversely, crucial support lies at $0.1151 and the psychological mark of $0.10.

如果在更廣泛的市場復甦中持續上漲趨勢，狗狗幣（DOGE）可能會突破 50% 水平，並分別達到 67.80% 或 78.60% 水平，價格為 0.1591 美元或 0.1835 美元。相反，關鍵支撐位於 0.1151 美元和心理關卡 0.10 美元。