Dogecoin Price Surge: Key Resistance Level Reached

狗狗幣價格飆漲：達到關鍵阻力位

Dogecoin (DOGE) experienced a significant surge of over 70% in October 2024, reaching a crucial resistance level. However, this sharp increase raises concerns about a potential price correction or consolidation.

狗狗幣 (DOGE) 在 2024 年 10 月經歷了超過 70% 的大幅飆升，達到了關鍵阻力位。然而，這種大幅上漲引發了人們對潛在價格調整或整合的擔憂。

Dogecoin Faces Resistance at $0.18

狗狗幣在 0.18 美元面臨阻力

Dogecoin currently sits at a key resistance level in the $0.18 range, which has repeatedly acted as a price ceiling since March 2024. Each time DOGE has approached this level, selling pressure has emerged, leading to a price reversal.

狗狗幣目前處於 0.18 美元區間的關鍵阻力位，自 2024 年 3 月以來，該阻力位多次充當價格上限。

However, market sentiment appears different this time, with potential for further upside if Dogecoin can break through the resistance and close a daily candlestick above $0.18.

然而，這次市場情緒似乎有所不同，如果狗狗幣能夠突破阻力位並將日燭台收於 0.18 美元上方，則市場情緒有可能進一步上漲。

Based on price action analysis, if DOGE manages to surpass this resistance, there is a strong possibility of a 25% price jump to $0.22 within the upcoming days.

根據價格走勢分析，如果 DOGE 成功突破這一阻力位，未來幾天內價格很有可能會上漲 25% 至 0.22 美元。

Nevertheless, a price correction remains a possibility, given that Dogecoin has experienced a rapid ascent without a significant pause, which could trigger a short-term pullback.

儘管如此，鑑於狗狗幣經歷了快速上漲而沒有大幅暫停，因此價格調整仍然是可能的，這可能會引發短期回調。

On-Chain Metrics Reinforce Bullish Outlook

鏈上指標強化了看漲前景

In addition to support from technical analysis, the bullish outlook for Dogecoin is reinforced by on-chain metrics.

除了技術分析的支援外，狗狗幣的看漲前景還得到了鏈上指標的強化。

Data from analytical firm Coinglass reveals that Dogecoin's Long/Short ratio currently stands at 1.09, indicating strong bullish sentiment in the market. This ratio reflects the dominance of long positions, depicting an optimistic view that the price will continue to increase.

分析公司 Coinglass 的數據顯示，狗狗幣的多空比率目前為 1.09，顯示市場看漲情緒強烈。該比率反映了多頭部位的主導地位，描繪了對價格將繼續上漲的樂觀看法。

Moreover, Dogecoin's open interest (OI) has surged by 14.1%. This increase suggests heightened participation from traders and investors who are drawn to the bullish prospects of the memecoin.

此外，狗狗幣的未平倉合約（OI）飆升了14.1%。這一增長表明交易者和投資者的參與度有所提高，他們被模因幣的看漲前景所吸引。

The combination of positive technical analysis and supportive on-chain metrics suggests that Dogecoin's current bullish momentum is robust.

積極的技術分析和支持性的鏈上指標相結合表明，狗狗幣當前的看漲勢頭強勁。

DOGE Trading Activity Heats Up, Will the Rally Continue?

DOGE交易活動升溫，漲勢會持續嗎？

At the time of writing, Dogecoin is trading around $0.1743, exhibiting an over 7% price spike in the past 24 hours. During the same period, Dogecoin's trading volume has also increased by 20%, indicating growing interest from investors and traders.

截至撰寫本文時，狗狗幣的交易價格約為 0.1743 美元，過去 24 小時內價格上漲超過 7%。同期，狗狗幣的交易量也增加了 20%，顯示投資者和交易者的興趣不斷增長。

This escalating trading activity signals that the market remains attentive to Dogecoin's price action.

這種不斷升級的交易活動表明市場仍然關注狗狗幣的價格走勢。

However, it's crucial to remember that the crypto market is highly volatile, and substantial price swings can occur within short time frames.

然而，重要的是要記住，加密貨幣市場波動性很大，短時間內可能會出現大幅價格波動。

Therefore, while the bullish prospects for Dogecoin appear promising, investors should remain cautious of the potential risk of a price correction, particularly after the sharp ascent seen in recent days.

因此，雖然狗狗幣的看漲前景看似樂觀，但投資者應對價格調整的潛在風險保持謹慎，尤其是在最近幾天大幅上漲之後。

With bullish sentiment pervading the market and strong support from on-chain metrics, Dogecoin has the potential to extend its rally.

由於市場普遍看漲情緒以及鏈上指標的強勁支撐，狗狗幣有潛力延續漲勢。

However, its performance at the $0.18 resistance level will be a key determinant of whether DOGE can continue its upward trajectory or experience a short-term consolidation before resuming the uptrend.

然而，其在 0.18 美元阻力位的表現將是 DOGE 能否繼續其上升軌跡或在恢復上升趨勢之前經歷短期盤整的關鍵決定因素。