Dogecoin's (DOGE) price has experienced a significant surge of approximately 70% this week, fueled by a bullish trend across the cryptocurrency market. This momentum hints at further potential for gains in March, owing to a mix of technical and fundamental indicators.

在整個加密貨幣市場看漲趨勢的推動下，狗狗幣 (DOGE) 的價格本周大幅上漲約 70%。由於技術和基本面指標的綜合作用，這種勢頭暗示 3 月有進一步上漲的潛力。

Dogecoin whales accumulate

狗狗幣鯨魚不斷積累

Dogecoin's recent price surge comes amid an increase in DOGE holdings among its richest investors, also known as "whales." For instance, the number of addresses holding more than 100,000 DOGE tokens has risen 0.7% since the year's beginning.

狗狗幣最近的價格飆升是由於其最富有的投資者（也稱為「鯨魚」）增加了狗狗幣的持有量。例如，自年初以來，持有超過 100,000 DOGE 代幣的地址數量增加了 0.7%。

At the same time, the number of entities with a balance of over 1 million DOGE has witnessed a slight dip after Feb. 12.

同時，2月12日之後，餘額超過100萬DOGE的實體數量略有下降。

Given the substantial holdings, these addresses likely represent exchanges, suggesting traders have been beginning to prefer to retain DOGE rather than engage in active trading. This behavior signals strong accumulation.

鑑於持有量很大，這些地址可能代表交易所，這表明交易者開始更願意保留 DOGE 而不是參與活躍交易。這種行為標誌著強烈的累積。

Memecoin mania ahead of Bitcoin halving

比特幣減半前的 Memecoin 狂熱

Dogecoin's price boom appears ahead of the fourth Bitcoin halving scheduled for April 19, 2024. Interestingly, this price rally is akin to similar upside moves before previous Bitcoin halving events in May 2020 and July 2016.

狗狗幣的價格上漲出現在定於2024 年4 月19 日進行的第四次比特幣減半之前。有趣的是，這次價格上漲類似於2020 年5 月和2016 年7 月比特幣減半事件之前的類似上漲走勢。

Notably, DOGE price surged 200% ahead of the first Bitcoin halving, and by approximately 50% ahead of the second, as shown below.

值得注意的是，DOGE 價格在第一次比特幣減半之前飆升了 200%，在第二次減半之前飆升了約 50%，如下所示。

Generally, traders tend to seek alternative investments like memecoins for higher short-term gains, anticipating that the halving will boost the overall market. This behavior is driven by speculation and the desire to capitalize on the increased market activity associated with Bitcoin's supply shock.

一般來說，交易者傾向於尋求模因幣等另類投資以獲得更高的短期收益，預計減半將提振整體市場。這種行為是由投機和利用與比特幣供應衝擊相關的市場活動增加的願望所驅動的。

Related: Solana rockets 13% to new yearly high, led by WIF memecoin frenzy

相關：在 WIF memecoin 狂熱的帶動下，Solana 飆升 13% 至年度新高

Like Dogecoin, other top memecoins, including Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK), have seen substantial gains in the days leading up to the Bitcoin halving.

與狗狗幣一樣，其他頂級模因幣，包括柴犬 (SHIB)、佩佩 (PEPE) 和邦克 (BONK)，在比特幣減半前的幾天裡都出現了大幅上漲。

DOGE price technicals hint at more upside

DOGE 價格技術面暗示有更多上漲空間

DOGE's next upside target appears to be at its 0.236 Fibonacci retracement line, as shown below.

DOGE 的下一個上行目標似乎是 0.236 斐波那契回撤線，如下圖所示。

This price point was a foundational support during the downtrend from May 2021 to November 2021, indicating its critical role in the market's bearish phase. Once it flipped to a resistance level in December 2021, this threshold became a formidable barrier. It has been maintaining its significance as a key resistance point to this date.

此價格點是2021年5月至2021年11月下降趨勢期間的基礎支撐，顯示其在市場看跌階段發揮關鍵作用。一旦它在 2021 年 12 月觸及阻力位，這個門檻就成為一個可怕的障礙。迄今為止，它一直保持著作為關鍵阻力點的重要性。

Heading into March 2024, Dogecoin is on track for a potential 25% increase to reach $0.18, buoyed by a robust buying mood within the memecoin arena, spurred on by Bitcoin's recent surge. This optimistic trend suggests Dogecoin might hit its target by month's end.

進入 2024 年 3 月，狗狗幣預計將上漲 25%，達到 0.18 美元，受到比特幣近期飆升刺激的 memecoin 領域強勁購買情緒的提振。這種樂觀的趨勢表明狗狗幣可能會在月底達到其目標。

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投資建議或建議。每一項投資和交易行為都涉及風險，讀者在做決定時應自行研究。