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The fourth month of the year started off unfavorably and is now nearly over with days filled with declines. BTC is below $64,000. Although Bitcoin might be willing to hit new lows, bulls have kept it relatively buoyant above $60,750 for now, preventing deeper dips. However, a significant breakout is expected next week. What’s targeted for Dogecoin?

今年第四個月開局不利，現在已接近結束，充滿了下跌的日子。 BTC 低於 64,000 美元。儘管比特幣可能願意觸及新低，但多頭目前將其相對活躍地保持在 60,750 美元以上，防止進一步下跌。然而，預計下週將出現重大突破。狗狗幣的目標是什麼？

Dogecoin (DOGE)

狗狗幣 (DOGE)

As this article is prepared, DOGE‘s price is at $0.1479. Along with Bitcoin’s weakness, Dogecoin seems unlikely to close April well. Following the announcement of the US GDP on April 25, increased pressure on risk markets fully impacted cryptocurrencies. The US economy grew by 1.6% in the first quarter of 2024, against expectations of 2.5%, and the monthly PCE rose by 0.3%, putting the Fed in a dilemma.

在撰寫本文時，DOGE 的價格為 0.1479 美元。隨著比特幣的疲軟，狗狗幣似乎不太可能在 4 月順利結束。 4 月 25 日美國 GDP 公佈後，風險市場壓力加大，全面衝擊加密貨幣。 2024年第一季美國經濟成長1.6%，低於預期的2.5%，每月PCE成長0.3%，讓聯準會陷入兩難。

At the beginning of 2024, investors expected the Fed to make six 25bp rate cuts, but now they predict a maximum of two 25bp cuts. The yield on 10-year US Treasury notes has climbed to a five-month high of 4.739%.

2024年初，投資人預計聯準會將進行六次降息25個基點，但現在他們預測最多降息兩次25個基點。 10年期美國公債殖利率已攀升至5個月高點4.739%。

Interest in futures for Dogecoin is also waning. The size of open positions dropped to $865.63 million on April 27. About a month ago, it peaked at $2.21 billion, showing how quickly investors are fleeing risk.

對狗狗幣期貨的興趣也在減弱。 4 月 27 日，未平倉部位規模降至 8.6563 億美元。

DOGE Predictions

狗狗預測

The outlook in futures indicates a decline. If Powell does not announce at the May 1 meeting that we are delaying our 2% inflation target for a few years in favor of slower reductions, even at the cost of stickiness (for balanced growth), the bearish outlook will dominate on the macro front.

期貨前景顯示下跌。如果鮑威爾沒有在 5 月 1 日的會議上宣布我們將 2% 的通膨目標推遲幾年，轉而緩慢削減，即使不惜犧牲黏性（以實現平衡成長）為代價，看跌前景將在宏觀方面佔據主導地位。

Dogecoin’s price may continue the selling trend initiated by the declining trend line and the 50-day exponential moving average (50-day EMA). As long as this area is not overcome as resistance, the possibility of a significant rebound in DOGE’s price is weak. Moreover, as BTC continues to close at lower levels, there is little reason to remain optimistic.

狗狗幣的價格可能會繼續由下降趨勢線和 50 日指數移動平均線（50 日 EMA）引發的拋售趨勢。只要這個區域的阻力沒有被克服，DOGE價格大幅反彈的可能性就很弱。此外，隨著比特幣繼續收於較低水平，沒有理由保持樂觀。

The key level is a close above $0.159, and as of the writing of this article, DOGE’s price is below it. In the coming days, there is a risk of sharp declines towards the $0.12 and $0.10 levels. Conversely, levels of $0.159 and $0.18 could be targeted in the opposite scenario.

關鍵水平是收盤價高於 0.159 美元，截至本文撰寫時，DOGE 的價格低於該水平。未來幾天，有大幅下跌至 0.12 美元和 0.10 美元水準的風險。相反，在相反的情況下，目標價位可能是 0.159 美元和 0.18 美元。

The post first appeared on COINTURK NEWS: Exploring Dogecoin’s Market Trends and Predictions

該貼文首次出現在 COINTURK 新聞：探索狗狗幣的市場趨勢和預測