• DOGE was up by more than 5% in the last 24 hours.

DOGE 在過去 24 小時內上漲了 5% 以上。

• Dogecoin was mimicking its last bully cycle’s performance, and several metrics also looked bullish. 

狗狗幣正在模仿其上一個霸凌週期的表現，並且幾個指標看起來也看漲。

As Bitcoin’s [BTC] price turned bullish, several other cryptos also followed a similar trend, and Dogecoin [DOGE] was one of them. While the meme coin’s price surged, it replicated a pattern that it had earlier showcased during the last bull rally, hinting at a further uptrend. 

隨著比特幣 [BTC] 價格上漲，其他幾種加密貨幣也遵循了類似的趨勢，狗狗幣 [DOGE] 就是其中之一。雖然模因幣的價格飆升，但它複製了上次牛市反彈期間表現出的模式，暗示進一步的上漲趨勢。

Dogecoin is getting off the leash

狗狗幣正在擺脫束縛

AMBCrypto reported a few days ago that Dogecoin’s price was in a consolidation zone, meaning that it was moving sideways. Such episodes are often followed by days of high volatility. That turned out to be true on this occasion, as the meme coin’s value surged.

AMBCrypto 幾天前報道稱，狗狗幣的價格處於盤整區域，這意味著它正在橫盤整理。此類事件之後往往會出現幾天的高波動。隨著模因幣的價值飆升，這次事實證明這是真的。

As per CoinMarketCap, DOGE was up by more than 5.5% in the last 24 hours alone. At the time of writing, DOGE was trading at $0.0908 with a market capitalization of over $13 billion, making it the 10th largest crypto.

根據 CoinMarketCap 的數據，DOGE 僅在過去 24 小時內就上漲了 5.5% 以上。截至本文撰寫時，DOGE 的交易價格為 0.0908 美元，市值超過 130 億美元，使其成為第十大加密貨幣。

In fact, if the latest data is to be considered, DOGE’s price might witness a further bull rally as it was mimicking its last bull cycle’s actions.

事實上，如果考慮最新數據，DOGE 的價格可能會見證進一步的牛市反彈，因為它正在模仿上一個牛市週期的行為。

Ali, a popular pseudonymous crypto analyst, posted a tweet on 26th February mentioning that DOGE’s price appeared to mirror patterns observed in its past bull markets. If the trend continues, then investors might witness a parabolic breakout of DOGE in April. 

受歡迎的匿名加密貨幣分析師 Ali 於 2 月 26 日發布了一條推文，提到 DOGE 的價格似乎反映了過去牛市中觀察到的模式。如果這種趨勢持續下去，那麼投資人可能會在四月見證 DOGE 的拋物線突破。

What investors should expect

投資者應該期待什麼

Since this was a somewhat long-term analysis, AMBCrypto checked DOGE’s current state to understand whether there is anything in store in the short term.

由於這是一個有點長期的分析，AMBCrypto 檢查了 DOGE 的當前狀態，以了解短期內是否有任何變化。

Our analysis of Santiment’s data revealed that DOGE’s social volume remained high, thanks to its bullish price action. This also positively affected market sentiment, as Dogecoin’s weighted sentiment graph went up in the recent past. 

我們對 Santiment 數據的分析顯示，由於其看漲的價格行為，DOGE 的社交量仍然很高。這也對市場情緒產生了積極影響，因為狗狗幣的加權情緒圖表在最近有所上升。

Source: Santiment

資料來源：Santiment

To understand whether the on-going bull rally would last, we then had a look at DOGE’s daily chart. The analysis revealed that DOGE’s MACD displayed a bullish crossover.

為了了解目前的牛市反彈是否會持續，我們查看了 DOGE 的日線圖。分析顯示，DOGE 的 MACD 顯示看漲交叉。

Additionally, its Relative Strength Index (RSI) also registered an uptick, indicating that the chances of a continued northward price movement were high. The meme coin faces strong resistance near $0.097, and a breakout above that level might help DOGE reach new highs in the coming weeks. 

此外，其相對強弱指數（RSI）也有所上升，顯示價格繼續北上的可能性很高。 Meme 代幣在 0.097 美元附近面臨強勁阻力，突破該水平可能有助於 DOGE 在未來幾週內創下新高。

Source: TradingView

來源：TradingView

How much are 1,10,100 DOGEs worth today    

今天 1,10,100 DOGE 值多少錢

Apart from these aforementioned metrics and indicators, the meme coin’s network activity also remained on par. A look at Santiment’s data pointed out that DOGE’s daily active addresses remained high throughout the last week.

除了上述的指標和指標外，模因幣的網路活動也保持不變。 Santiment的數據顯示，上週DOGE的每日活躍地址仍然很高。

Moreover, its transaction count was also high, which is generally a positive signal for a crypto. 

此外，其交易數量也很高，這對於加密貨幣來說通常是一個積極的信號。

Source: Santiment

資料來源：Santiment