Dogecoin Price Analysis: Elon Musk's Influence and Future Predictions

狗狗幣價格分析：馬斯克的影響力與未來預測

In 2021, Dogecoin (DOGE) experienced a significant surge in value, reaching a peak of $0.73 largely due to support from Elon Musk. This marked a milestone in the emergence of meme coins. However, the price subsequently declined, dropping to $0.06 by 2023.

2021 年，狗狗幣 (DOGE) 的價值大幅飆升，達到 0.73 美元的峰值，這主要歸功於 Elon Musk 的支持。這標誌著模因幣出現的一個里程碑。然而，價格隨後下降，到 2023 年降至 0.06 美元。

Current Price Level

目前的價格水平

Dogecoin's price has continued to decline, with the critical support level at $0.1184 visited four times since March 19. The recent 3% drop over seven days has contributed to this decline.

狗狗幣的價格持續下跌，自 3 月 19 日以來已四次觸及 0.1184 美元的關鍵支撐位。

Technical Analysis

技術分析

Dogecoin has not shown any significant upward movement since June 19, hovering around the support area. As of writing, DOGE is trading at $0.1188, with a 5% drop in the last 24 hours and a market cap of $17.4 billion. Trading volume has increased by 25.71%, amounting to $497.7 million in the past day.

自6月19日以來，狗狗幣並未表現出任何明顯的上漲趨勢，徘徊在支撐區域附近。截至本文撰寫時，DOGE 的交易價格為 0.1188 美元，過去 24 小時內下跌 5%，市值為 174 億美元。過去一天的交易量增加了 25.71%，達到 4.977 億美元。

Despite this short-term downturn, the long-term trend remains positive, indicating a potential correction at the current support level. The Stochastic RSI suggests this correction may continue in the short term.

儘管有短期下滑，但長期趨勢仍積極，顯示當前支撐位可能出現修正。隨機 RSI 表示這種調整可能在短期內持續。

Sentiment Analysis

情緒分析

According to IntoTheBlock data, despite the recent decline, 75.77% of DOGE addresses remain profitable. This could indicate a tendency for investors to take profits in a declining market.

根據IntoTheBlock數據，儘管近期出現下滑，但75.77%的DOGE地址仍保持獲利。這可能表明投資者傾向於在下跌的市場中獲利了結。

Furthermore, IntoTheBlock data reveals an increase in exchange-directed movement, suggesting that investors are transferring DOGE to exchanges. This trend becomes more significant in conjunction with market declines, as bears capitalize on the situation.

此外，IntoTheBlock 數據顯示，交易所主導的流動增加，顯示投資者正在將 DOGE 轉移到交易所。隨著市場下跌，這種趨勢變得更加明顯，因為空頭利用了這種情況。

Future Outlook

未來展望

Dogecoin's presence at the support level raises risks, and the location of liquidity pools will be crucial for determining the direction of the next breakout. If bulls maintain the support and initiate an upward movement, DOGE could test the resistance level at $0.132. However, a loss of the support level could trigger further price declines.

狗狗幣處於支撐位會增加風險，流動性池的位置對於決定下一次突破的方向至關重要。如果多頭維持支撐並開始上漲，DOGE 可能會測試 0.132 美元的阻力位。然而，支撐位的喪失可能會引發價格進一步下跌。