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The largest memecoin Dogecoin (DOGE) has been on a downward trend for some time. Recently losing a significant amount of its value, DOGE has fallen below the $0.079 level. Popular analyst Ali Martinez recently warned that there could be a strong increase in volatility for Dogecoin’s DOGE.
最大的模因幣狗狗幣(DOGE)一段時間以來一直處於下降趨勢。 DOGE 最近大幅貶值,已跌破 0.079 美元水準。受歡迎的分析師阿里馬丁內斯 (Ali Martinez) 最近警告稱,狗狗幣 DOGE 的波動性可能會大幅增加。
High Volatility Alert for Dogecoin
狗狗幣高波動性警報
Experienced cryptocurrency analyst Ali Martinez recently alerted to a potential increase in DOGE volatility through his personal Twitter account. The analyst highlighted Dogecoin’s Bollinger Bands (BB) on a 4-hour time frame. He noted that the BB on the 4-hour time frame has been facing the tightest squeeze since October 2023, which could be a sign of increased price volatility for DOGE.
經驗豐富的加密貨幣分析師 Ali Martinez 最近透過他的個人 Twitter 帳戶提醒道,DOGE 波動性可能會增加。這位分析師強調了狗狗幣 4 小時時間範圍內的布林線 (BB)。他指出,4 小時時間範圍內的 BB 線面臨著 2023 年 10 月以來最緊的擠壓,這可能是 DOGE 價格波動加劇的跡象。
BB shows the upper and lower levels positioned at standard deviation levels above and below a simple moving average of an asset’s price. These bands tend to dynamically adapt to increases in volatility as they set distances with standard deviation. The two main parameters used in BB are Period and Standard Deviation.
BB 顯示位於資產價格簡單移動平均線之上和之下的標準差水準的上限和下限。這些波段往往會動態地適應波動性的增加,因為它們用標準差設定了距離。 BB 中使用的兩個主要參數是週期和標準差。
The extreme high volatility expected by the analyst signals the risk of pulling Dogecoin’s price below $0.078. On the other hand, the price of the altcoin could pull back to reach new highs. However, Dogecoin’s open interest (OI) currently indicates a positive trend despite the price drop. According to Coinglass data, DOGE’s OI has increased by 2.47% in the last 24 hours, reaching $432.21 million.
分析師預期的極高波動性預示著狗狗幣價格有可能跌破 0.078 美元。另一方面,山寨幣的價格可能會回落並創下新高。然而,儘管價格下跌,狗狗幣的未平倉合約(OI)目前仍顯示出正面的趨勢。根據 Coinglass 數據,DOGE 的 OI 在過去 24 小時內成長了 2.47%,達到 4.3221 億美元。
While derivative investors are funneling funds into Dogecoin, significant long liquidations have been observed in the last 24 hours. During this period, long positions worth approximately $653,000 were liquidated. However, no long liquidations have occurred in the 4-hour and 1-hour time frames. Experts consider that the large long liquidation may have played a role in DOGE’s price falling below $0.079.
儘管衍生性商品投資者正在將資金注入狗狗幣,但在過去 24 小時內出現了大量多頭清算。在此期間,價值約 653,000 美元的多頭頭寸被清算。然而,在 4 小時和 1 小時時間範圍內沒有發生長時間的強平。專家認為,大量多頭清算可能是 DOGE 價格跌破 0.079 美元的原因之一。
DOGE’s price is currently ‘in the red,’ and challenging this trend does not seem feasible at the moment. The altcoin has seen a 0.10% decrease in the last 24 hours, trading at $0.07849, indicating a slow downward trend.
DOGE 的價格目前處於“紅色”,挑戰這一趨勢目前似乎並不可行。該山寨幣在過去 24 小時內下跌了 0.10%,交易價格為 0.07849 美元,顯示緩慢下降趨勢。
Dogecoin’s $3 Price Target
狗狗幣的目標價為 3 美元
On the other hand, popular cryptocurrency analyst Crypto Patel claims that Dogecoin’s price is preparing to rise to $3 in the current bull run. Initially stating that DOGE provided a 268-fold return in its last bull run, the analyst mentioned that a 50-fold breakout is on the table under the influence of current chart patterns.
另一方面,受歡迎的加密貨幣分析師 Crypto Patel 聲稱,在當前的牛市中,狗狗幣的價格準備上漲至 3 美元。該分析師最初表示,DOGE 在上次牛市中提供了 268 倍的回報,但在當前圖表模式的影響下,可能會出現 50 倍的突破。
Despite his high expectations, the analyst underlined that the first limited target level is $1. He also added that such a rise is contingent on a strong breakout from the $0.11 level.
儘管抱有很高的期望,但這位分析師強調,第一個有限目標水準是 1 美元。他還補充說,這種上漲取決於能否強勁突破 0.11 美元水準。
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