Dogecoin market capitalization had surged $2.8 billion since Feb. 23, when a SpaceX rocket powered the first US moon landing in 50 years.

自 2 月 23 日 SpaceX 火箭為美國 50 年來首次登月提供動力以來，狗狗幣市值已飆升 28 億美元。

Memecoin markets have been on a tear over the past week, with DOGE joining the likes of PEPE and BONK on the list of crypto’s top gainers. Market trends highlight how Elon Musk’s SpaceX role in a recent landmark moon landing mission may have propelled Dogecoin prices. 

過去一周，Memecoin 市場一直在上漲，DOGE 與 PEPE 和 BONK 等加密貨幣一起躋身加密貨幣漲幅最大的行列。市場趨勢凸顯了 Elon Musk 在最近具有里程碑意義的登月任務中所扮演的 SpaceX 的角色可能如何推動了狗狗幣的價格。

Dogecoin market valuation up $2.8 billion since moon landing

自登月以來狗狗幣市場估值上漲 28 億美元

On Feb. 23, Intuitive Machines Odysseus lunar lander, powered by a SpaceX rocket, became the first American spacecraft to land on the moon since Apollo 17 in 1972. Elon Musk’s connection to the Dogecoin community has been well publicized recently. 

2 月23 日，由SpaceX 火箭驅動的Intuitive Machines Odysseus 月球登陸器成為自1972 年阿波羅17 號以來第一艘登陸月球的美國太空船。馬斯克(Elon Musk) 與狗狗幣社群的聯繫最近廣為人知。

DOGE entered a remarkable price uptrend shortly after the successful moon landing news broke. 

在成功登月的消息傳出後不久，DOGE 就進入了顯著的價格上漲趨勢。

At press time on Feb. 28, market data shows that DOGE price has jumped by 21.7%, representing a $2.8 billion surge in market capitalization since the Feb. 23 event. 

截至 2 月 28 日發稿，市場數據顯示，DOGE 價格已上漲 21.7%，自 2 月 23 日事件以來，市值激增 28 億美元。

Other top-ranked memecoins like BONK, PEPE, and Shiba Inu (SHIB) have also recorded sizable gains during that period. However, Dogecoin’s market capitalization growth is significantly higher than its rival meme tokens. 

其他排名靠前的模因幣，如 BONK、PEPE 和 Shiba Inu (SHIB) 在此期間也錄得了可觀的收益。然而，狗狗幣的市值成長明顯高於其競爭對手迷因代幣。

Dogecoin has received significantly more capital inflows in the past week, and Elon Musk’s SpaceX’s role in the moon landing may have been pivotal. Given the timing and historical trends between Dogecoin and bullish events surrounding Elon Musk’s affiliated companies, more bullish price action could follow. 

過去一周，狗狗幣獲得了明顯更多的資本流入， Elon Musk 的 SpaceX 在登月中的作用可能至關重要。考慮到狗狗幣與圍繞伊隆馬斯克附屬公司的看漲事件之間的時機和歷史趨勢，更多看漲的價格走勢可能會隨之而來。

DOGE bears at risk of a potential short squeeze 

DOGE 面臨潛在軋空風險

Since the rally began on Feb. 23, DOGE price has been on a relentless rally, clearing the $0.10 mark for the first time in 2024. After five days on the uptrend, events unfolding in the derivatives markets provide fresh insights that the bears could be at risk of a significant short squeeze. 

自2 月23 日開始上漲以來，DOGE 價格一直在持續上漲，在2024 年首次突破0.10 美元大關。在連續五天的上漲趨勢之後，衍生性商品市場上發生的事件提供了新的見解，表明空頭可能會面臨嚴重軋空的風險。

The CoinGlass Liquidations chart depicts the value of futures contracts positions forcibly closed or liquidated within a 24-hour. By observing the frequency and magnitude of liquidations, traders can infer the direction and degree of swings in market sentiment. 

CoinGlass 清算圖表描繪了 24 小時內被強制平倉或清算的期貨合約頭寸的價值。透過觀察爆倉的頻率和幅度，交易者可以推斷市場情緒波動的方向和程度。

On Feb. 27, DOGE short traders suffered $4.3 million in liquidations, the highest losses for the bears since Dec. 6.

2 月 27 日，DOGE 空頭交易員遭受 430 萬美元的清算，這是自 12 月 6 日以來空頭損失最大的一次。

Historically, a dramatic surge in short liquidations is often an early sign of a potential short squeeze, propelling prices higher.  A short squeeze is a rare market situation where many short traders make frantic purchases to avoid margin calls and cover their short positions. 

從歷史上看，空頭清算的急劇增加往往是潛在擠空的早期跡象，從而推高價格。軋空是一種罕見的市場情況，許多空頭交易者瘋狂買入以避免追加保證金並回補空頭部位。

The rush to buy can amplify the price increase, leading to a cascade of short covering and further price appreciation. 

搶購潮可能會放大價格漲幅，導致一系列空頭回補和價格進一步升值。

High levels of liquidations may indicate excessive leverage among traders and susceptibility to intense price swings.

高水準的清算可能表示交易者槓桿過高，並且容易受到劇烈的價格波動的影響。

This phenomenon was observed the last time DOGE short traders recorded liquidations greater than $4 million. When $5.3 million shorts were liquidated on Dec. 6,  Dogecoin price rapidly rose another 13% to a new yearly peak of $0.11 within the next 5 trading days. 

上次 DOGE 空頭交易者的清算額超過 400 萬美元時就觀察到了這一現象。當 12 月 6 日 530 萬美元的空頭被清算時，狗狗幣價格在接下來的 5 個交易日迅速上漲 13%，達到 0.11 美元的年度新高。

In summary, bullish headwinds from SpaceX’s role in the latest moon landing and frantic purchases from futures traders scrambling to avert margin calls could form a significant catalyst for another DOGE price upswing in the days ahead. 

總而言之，SpaceX 在最近一次登月中所扮演的角色帶來的看漲阻力，以及期貨交易商為避免追加保證金而瘋狂購買的情況，可能會成為未來幾天 DOGE 價格再次上漲的重要催化劑。

DOGE price forecast: Breaking $0.10 could trigger bigger gains

DOGE價格預測：突破0.10美元可能引發更大漲幅

Based on the prevailing derivative market trends, DOGE’s price appears poised for another leg-up toward $0.15. The Bollinger bands technical indicator further affirms this bullish DOGE price prediction. 

根據當前的衍生性商品市場趨勢，DOGE 的價格似乎有望再次上漲至 0.15 美元。布林通道技術指標進一步證實了 DOGE 價格的看漲預測。

With DOGE’s price currently at $0.098, the upper Bollinger band has formed an upward slope. Traders often interpret this as a bullish signal, indicating that the uptrend will likely strengthen further. 

目前 DOGE 的價格為 0.098 美元，布林通道上軌已形成上行斜坡。交易員通常將此視為看漲訊號，表明上升趨勢可能會進一步加強。

However, bullish investors might encounter resistance around the psychological barrier of $0.1 in the near term. Nevertheless, if bears anticipate short-covering purchases persist, another upsurge toward the $0.15 mark is possible.

然而，看漲投資者近期可能會在 0.1 美元心理關卡附近遇到阻力。然而，如果空頭預計空頭回補買盤持續存在，則可能再次飆升至 0.15 美元大關。

On the downside, the reversal below $0.085 could put the bears back in the driving seat. However, as depicted by the 20-day SMA, the bulls will likely mount a major support buy-wall at the $0.086 area.

不利的一面是，跌破 0.085 美元的反轉可能會讓空頭重新佔據主導地位。然而，正如 20 日移動平均線所示，多頭可能會在 0.086 美元區域建立主要支撐買盤。