Dogecoin Consolidates Amidst Prolonged Rally

狗狗幣在長期上漲中鞏固

Dogecoin (DOGE) maintained its consolidation phase this week, pausing after its recent parabolic surge. On Wednesday, November 20, DOGE traded at $0.3850, marginally below its year-to-date peak of $0.4387.

狗狗幣（DOGE）本週維持盤整階段，在最近的拋物線飆升後暫停。 11 月 20 日星期三，DOGE 交易價格為 0.3850 美元，略低於今年迄今的峰值 0.4387 美元。

This consolidation mirrors that of Bitcoin (BTC), which has fluctuated between $90,000 and $94,000. Nevertheless, Dogecoin exhibits potential for an upward rebound in the coming weeks as investors monitor developments within the Trump administration.

這種整合反映了比特幣 (BTC) 的整合，比特幣的價格在 90,000 美元到 94,000 美元之間波動。儘管如此，隨著投資者關注川普政府內部的發展，狗狗幣在未來幾週內展現出向上反彈的潛力。

On Tuesday, former president Trump nominated Howard Lutnick, CEO of Cantor Fitzgerald, as Commerce Secretary. Lutnick previously expressed support for cryptocurrencies, and his firm serves as a custodian for Tether. Additionally, Trump appointed Elon Musk and Vivek Ramaswamy to head the newly established Department of Government Efficiency. Rumors also suggest that Trump Media may acquire the cryptocurrency company Bakkt.

週二，前總統川普提名坎托·菲茨傑拉德公司執行長霍華德·盧特尼克擔任商務部長。 Lutnick 先前表示支持加密貨幣，他的公司擔任 Tether 的託管人。此外，川普任命伊隆·馬斯克和維韋克·拉馬斯瓦米領導新成立的政府效率部。還有傳言稱川普媒體可能會收購加密貨幣公司 Bakkt。

A confluence of crypto-friendly policies, media attention, and low interest rates could propel Dogecoin higher in the near future. The coin continues to experience strong demand, with daily trading volume exceeding $14 billion, surpassing the combined volume of Shiba Inu, Pepe, and Bonk. Open interest in DOGE futures has also surged to $3.8 billion.

加密貨幣友善政策、媒體關注和低利率的結合可能會在不久的將來推動狗狗幣走高。該幣的需求持續強勁，每日交易量超過 140 億美元，超過 Shiba Inu、Pepe 和 Bonk 的交易量總和。 DOGE 期貨的未平倉部位也飆升至 38 億美元。

Crypto Analyst Anticipates Dogecoin Surge

加密貨幣分析師預計狗狗幣將激增

DOGE Price Chart | Source: crypto.news

DOGE 價格走勢圖 |來源：crypto.news

Ali Charts, a renowned crypto analyst, predicts a significant upward trajectory for Dogecoin. He anticipates a potential 120% price increase, targeting $0.82.

著名的加密貨幣分析師 Ali Charts 預測狗狗幣將出現顯著的上升軌跡。他預計價格可能會上漲 120%，目標為 0.82 美元。

On the daily chart, DOGE has maintained its position above a crucial resistance level at $0.2286, indicating potential for further gains. The coin trades well above its 50-day and 200-day moving averages, which recently formed a golden cross. Additionally, it has developed a bullish pennant pattern, signaling a continuation of the bullish trend.

日線圖上，DOGE 維持在關鍵阻力位 0.2286 美元之上，顯示有進一步的上漲潛力。該代幣的交易價格遠高於其 50 日和 200 日移動均線，該均線最​​近形成了一個金叉。此外，它還形成了看漲三角旗模式，標誌著看漲趨勢的延續。

A breakout above the pennant's upper boundary at $0.4387 would likely result in further upward momentum. However, a decline below the support level at $0.3412, the lowest point reached on November 17, would invalidate this bullish outlook.

突破三角旗上限 0.4387 美元可能會帶來進一步的上漲動力。然而，如果跌破 11 月 17 日達到的最低點 0.3412 美元的支撐位，這一看漲前景將失效。