Dogecoin Price Analysis: Market Sentiment Bullish, Indicators Show Potential Reversal

狗狗幣價格分析：市場情緒看漲，指標顯示潛在逆轉

Dogecoin’s market sentiment remains positive, with analysts predicting a bullish run despite increased crypto volatility. The meme-coin has experienced significant liquidation in recent weeks.

狗狗幣的市場情緒仍然樂觀，分析師預測儘管加密貨幣波動性增加，但狗狗幣仍將看漲。最近幾週，模因幣經歷了嚴重的清算。

Market Analysis

市場分析

The crypto market has been highly volatile since Bitcoin [BTC] reached $71k and then plunged to $64k. Altcoins, including Dogecoin [DOGE], have been heavily impacted.

自從比特幣 [BTC] 達到 7.1 萬美元然後暴跌至 6.4 萬美元以來，加密貨幣市場一直劇烈波動。包括狗狗幣 [DOGE] 在內的山寨幣受到了嚴重影響。

In the past seven days, DOGE has declined by 8.61%, with a 0.15% decline in the last 24 hours. Trading volume has decreased by 31.99% to $323 million, while market cap has increased by 0.20%.

近7天，DOGE下跌8.61%，最近24小時下跌0.15%。成交量下降 31.99% 至 3.23 億美元，而市值則成長 0.20%。

Analyst Predictions

分析師預測

Despite the market volatility, analysts are optimistic about DOGE’s future. On June 18th and 19th, DOGE experienced massive liquidations, with 44M and 18M long positions liquidated, according to Coinglass.

儘管市場波動，分析師對 DOGE 的未來仍樂觀。據 Coinglass 稱，6 月 18 日至 19 日，DOGE 經歷了大規模清算，清算了 4,400 萬和 1,800 多頭頭寸。

@sinceredoge noted that $60 million worth of long positions were liquidated, but remained bullish, predicting that Dogecoin could reach $0.52 by 2024.

@sinceredoge 指出，價值 6000 萬美元的多頭頭寸被清算，但仍然看漲，預測狗狗幣到 2024 年可能會達到 0.52 美元。

@Trader Tardigrade pointed out that in October 2023, when Doge was under $0.06, it grew to $0.22, representing over 300% growth.

@Trader Tardigrade 指出，2023 年 10 月，當 Doge 低於 0.06 美元時，它已增長至 0.22 美元，增長超過 300%。

Technical Analysis

技術分析

Technical indicators suggest a potential reversal pattern for Dogecoin. The Relative Strength Index (RSI) is at 33, indicating an oversold zone. The RSI trend is up, with the possibility of crossing its MA of 35.

技術指標顯示狗狗幣存在潛在的反轉模式。相對強弱指數 (RSI) 為 33，表示處於超賣區域。 RSI 趨勢向上，有可能突破 35 移動平均線。

The lower Bollinger band shows that prices are above it, indicating the end of a downtrend and a possible reversal to the uptrend.

布林線下軌顯示價格高於其上方，表示下降趨勢結束，並可能逆轉上升趨勢。

Whale Activity

鯨魚活動

Since the 19th of June, DOGE has been in a consolidation phase, with prices consolidating around $0.124. Long position liquidations have declined in the past three days, indicating reduced whale activity.

自 6 月 19 日以來，DOGE 一直處於盤整階段，價格在 0.124 美元左右盤整。過去三天多頭清算有所減少，顯示鯨魚活動減少。

Whales with more than $5 million have increased their total supply, showing trust in future market shifts.

價值超過 500 萬美元的鯨魚增加了總供應量，顯示出對未來市場變化的信任。

Conclusion

結論

If positive market sentiment continues and DOGE holds the support level around $0.123, it will test the resistance level near $0.152. A breakout at this level could push DOGE towards $0.172. However, if the support level fails, DOGE may decline to $0.1135.

如果正向的市場情緒持續且DOGE守住0.123美元附近的支撐位，它將測試0.152美元附近的阻力位。突破該水平可能會將 DOGE 推向 0.172 美元。然而，如果支撐位失敗，DOGE 可能會跌至 0.1135 美元。