Dogecoin (DOGE) has recently faced a significant setback as it failed to retest the crucial $0.20 level on the monthly timeframe. As a result of this failure, the cryptocurrency has retreated into a confluent support area, consisting of the Range Low at $0.12 and the Macro Downtrend, from which it had previously broken out last month.

狗狗幣 (DOGE) 最近面臨重大挫折，因為它未能在每月時間範圍內重新測試關鍵的 0.20 美元水平。由於這次失敗，加密貨幣已回落至匯合支撐區域，其中包括 0.12 美元的區間低點和上個月突破的宏觀下行趨勢。

As DOGE now finds itself within this range, the chances of a recovery above the Range High appear to be slim, suggesting that the cryptocurrency may be destined to consolidate within this black-red range for the foreseeable future. However, Rekt Capital expects the Range Low area to offer the best bargain opportunity.

由於 DOGE 現在發現自己處於該區間內，因此恢復到區間高點上方的可能性似乎很小，這表明在可預見的未來，加密貨幣可能注定會在這個黑紅色區間內盤整。然而，Rekt Capital 預計區間低點區域將提供最佳的討價還價機會。

Weekly Timeframe Shows Strong Buy-Side Interest at Range Low

每週時間框架顯示買方對區間低點有強烈興趣

On the weekly timeframe, the Range Low has been acting as a robust support level, with numerous downside wicks extending into the Range Low and Macro Downtrend over the past several weeks. This indicates a strong buy-side interest in this confluent area of support.

在每週時間範圍內，區間低點一直充當著強勁的支撐位，過去幾週有許多下行影線延伸至區間低點和宏觀下行趨勢。這顯示買方對這個支撐匯合區域有強烈的興趣。

The buying pressure at the Range Low has allowed DOGE to reclaim the bottom of the Bull Flag it had broken out from many weeks ago. For DOGE to lose this level, it would need to close below the Bull Flag bottom on the weekly timeframe, which has not occurred yet.

區間低點的買盤壓力使狗狗幣重新奪回了幾週前突破的牛旗底部。如果狗狗要失去這個水平，它需要收於週時間範圍內的牛旗底部下方，但目前尚未發生。

Potential Head and Shoulders Formation to Watch
One scenario to keep an eye on is the potential development of a Head and Shoulders (H&S) formation. If DOGE were to rebound from the old Bull Flag bottom to the old Bull Flag top but then reject, forming a Right Shoulder, a loss of the old Bull Flag bottom (which would act as the Neckline) could enable this H&S formation.

WatchOne 需要關注的潛在頭肩形態是頭肩 (H&S) 形態的潛在發展。如果 DOGE 從舊牛旗底部反彈至舊牛旗頂部，但隨後拒絕，形成右肩，則舊牛旗底部（將充當頸線）的損失可能會促成這種 H&S 形態。

In this case, the price could drop into the Range Low, but this time as candle-bodies rather than wicks. Breaking beyond the Bull Flag Top would invalidate this H&S formation, while losing the Bull Flag Bottom (neckline) after rejecting from the Bull Flag Top would validate it.

在這種情況下，價格可能會跌至區間低點，但這次是燭身而不是影線。突破牛旗頂部將使該 H&S 形態無效，而在拒絕牛旗頂部後失去牛旗底部（頸線）則使其有效。