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Year-round, DOGE failed to show the expected performance, and even the sale of Twitter and its transformation into “X” did not deliver the anticipated results. The reason could be that Elon Musk is no longer as interested in Dogecoin as he used to be. While the whimsical billionaire has left it to its fate, interest in newly emerged meme coins with low market values has been multiplying.
全年來看,DOGE未能展現出預期的業績,就連出售Twitter、轉型為「X」也沒有取得預期的成果。原因可能是伊隆馬斯克不再像以前那樣對狗狗幣感興趣。儘管這位異想天開的億萬富翁已經聽天由命,但人們對新出現的低市值模因幣的興趣卻在成倍增加。
Dogecoin (DOGE)
狗狗幣 (DOGE)
DOGE’s price has been struggling below a long-term resistance line since April 2021 and witnessed a low of $0.049 in June. Lawsuits filed against Binance and Coinbase within two days had shaken the markets. Later, the price jumped and broke the trend line last month. This was significant after many attempts.
自 2021 年 4 月以來,DOGE 的價格一直在長期阻力線下方掙扎,並於 6 月跌至 0.049 美元的低點。兩天內針對幣安和 Coinbase 提起的訴訟震動了市場。隨後價格上漲並突破上個月的趨勢線。經過多次嘗試後,這一點意義重大。
The DOGE price breakout allowed for a peak of $0.108 in December, just below a critical horizontal resistance area. However, as the name of the third-largest meme coin keeps changing and many altcoins multiply in value, Dogecoin’s calmness began to be frustrating.
DOGE 價格突破 12 月達到 0.108 美元的峰值,略低於關鍵的水平阻力區域。然而,隨著第三大迷因幣的名稱不斷變化,許多山寨幣的價值成倍增加,狗狗幣的平靜開始令人沮喪。
Dogecoin had accustomed investors to speculative price movements. However, without Elon Musk, we no longer see these movements. Moreover, as we have been pointing out for months, consistent miner sales have played a significant role in limiting the price throughout the year.
狗狗幣已經讓投資者習慣了投機性的價格波動。然而,如果沒有伊隆馬斯克,我們將不再看到這些動作。此外,正如我們幾個月來一直指出的那樣,持續的礦機銷售在限制全年價格方面發揮了重要作用。
On the weekly chart, the RSI turned from 70, which is not very promising.
在周線圖上,RSI從70轉向,前景並不樂觀。
DOGE Price Prediction
DOGE價格預測
On the daily chart, Dogecoin (DOGE) has been trading within a descending parallel channel since its peak in 2023. We had seen significant breakouts in similar structures before. These structures, seen as corrective, had caused a test on the support trend line of the channel on December 18th.
在日線圖上,狗狗幣(DOGE)自 2023 年達到頂峰以來一直在下降平行通道內交易。我們之前曾見過類似結構的重大突破。這些被視為修正的結構在 12 月 18 日對通道的支撐趨勢線造成了考驗。
Fortunately, DOGE bounced from the horizontal support area of $0.087 and formed a long lower wick. This situation indicated that buyers’ expectations for a rise continued. On the other hand, popular crypto analyst Ali Martinez observed a significant increase in new DOGE addresses.
幸運的是,DOGE 從 0.087 美元的水平支撐區域反彈,並形成了一個較長的下影線。這種情況顯示買家的上漲預期仍在持續。另一方面,流行的加密貨幣分析師 Ali Martinez 觀察到新的 DOGE 位址顯著增加。
This increase in network activity is a promising sign for DOGE. If the expected upward breakout occurs, the price will need to surpass $0.105. Closures above this could trigger a rally up to $0.14. On the other hand, supports at $0.087 and below should not be overlooked in the event of a possible BTC decline.
網路活動的增加對 DOGE 來說是一個有希望的跡象。如果出現預期的向上突破,價格將需要超過 0.105 美元。收盤價高於此水準可能會引發價格上漲至 0.14 美元。另一方面,如果 BTC 可能下跌,則不應忽視 0.087 美元及以下的支撐位。
The post first appeared on COINTURK NEWS: Dogecoin’s Struggle and Speculation Amidst Market Changes
該貼文首次出現在《COINTURK新聞:市場變化中狗狗幣的掙扎與投機》