You can also read this news on BH NEWS: Dogecoin’s Soaring Market Performance Defies Crypto Correction

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Defying the larger trend of market correction within the cryptocurrency realm, Dogecoin (DOGE) has seen a significant uptick in its value during the latter part of March. From a low of $0.122, the meme-inspired token soared by 78%, reaching a value of $0.21. This surge indicates a robust response from investors and hints at a possible continuation of this upward trajectory.

狗狗幣 (DOGE) 與加密貨幣領域內市場調整的大趨勢相悖，其價值在 3 月下旬出現了大幅上漲。這個受 meme 啟發的代幣從 0.122 美元的低點飆升了 78%，達到 0.21 美元的價值。這種飆升表明投資者的強烈反應，並暗示這種上升趨勢可能會持續下去。

Surge in Trading Activity Boosts DOGE

交易活動激增提振 DOGE

The recent rise in Dogecoin’s value broke past the upper resistance level of $0.2, suggesting the coin may be on track for further gains. The recovery parallels that of Bitcoin, which has begun climbing up from $60,000. Dogecoin’s sharp rebound from key technical support levels, coupled with a surge in trading volume, signifies strong buying momentum and investor interest in the token.

狗狗幣價格近期上漲突破了 0.2 美元的上方阻力位，顯示狗狗幣可能有望進一步上漲。比特幣的復甦與比特幣的復甦類似，比特幣已經從 6 萬美元開始攀升。狗狗幣從關鍵技術支撐位大幅反彈，加上交易量激增，顯示強勁的購買動能和投資者對該代幣的興趣。

In a recent two-week period, large-scale investors, known as ‘whales’, have significantly increased their DOGE holdings, purchasing around 1.4 billion coins. This equates to an investment of $280 million, underlining their confidence in Dogecoin’s prospects. Despite a slight intraday loss of 2.4% after hitting a peak price of $0.2288, the highest in 28 months, the coin’s value is likely to test former resistance turned support levels.

在最近兩週內，被稱為「鯨魚」的大型投資者大幅增持了 DOGE 持有量，購買了約 14 億枚代幣。這相當於 2.8 億美元的投資，突顯了他們對狗狗幣前景的信心。儘管在觸及 28 個月來的最高價格 0.2288 美元後盤中小幅下跌 2.4%，但代幣的價值可能會測試先前的阻力位和支撐位。

Long-Term Outlook Shows Bullish Pattern

長期前景顯示看漲模式

Analysts have observed a rounded bottom pattern in Dogecoin’s chart, which suggests a slow but steady shift from bearish to bullish momentum. This pattern, alongside the recent price rally, could motivate investors to target higher price points of $0.27 and subsequently $0.3. The formation of this pattern, bolstered by Bitcoin’s recovery and significant DOGE accumulation by whales, indicates a promising long-term upward trend for the cryptocurrency.

分析師在狗狗幣圖表中觀察到圓底模式，這表明從看跌勢頭到看漲勢頭緩慢但穩定的轉變。這種模式加上最近的價格上漲，可能會促使投資者將目標價定為 0.27 美元，隨後為 0.3 美元。在比特幣的復甦和鯨魚大量累積 DOGE 的支撐下，這種模式的形成顯示了加密貨幣的長期上升趨勢。

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