Investors Analyze Dogecoin, Cardano, and Avalanche Prices

投資者分析狗狗幣、卡爾達諾和雪崩價格

Investors continue to monitor altcoins alongside Bitcoin, particularly those ranked among the top 10 by volume. As the day of August 29 approaches, investors are eager to understand potential price movements for DOGE, ADA, and AVAX.

投資者繼續關注比特幣和山寨幣，特別是那些按交易量排名前十的山寨幣。隨著 8 月 29 日的臨近，投資者渴望了解 DOGE、ADA 和 AVAX 的潛在價格走勢。

Dogecoin Price Analysis

狗狗幣價格分析

On August 24, Dogecoin (DOGE) began a downward trend from its 50-day SMA of $0.11, and on August 26, fell below its 20-day EMA of $0.10. This raised concerns among investors.

8 月 24 日，狗狗幣 (DOGE) 從 0.11 美元的 50 日均線開始下跌，並於 8 月 26 日跌破 0.10 美元的 20 日均線。這引起了投資者的擔憂。

DOGE is expected to find support between $0.10 and $0.09. Bulls may attempt to push the price above the falling wedge formation, signaling an end to the current downtrend. A breakout above this formation could result in an upward move towards $0.14.

DOGE 預計將在 0.10 美元至 0.09 美元之間找到支撐。多頭可能會試圖將價格推高至下降楔形上方，從而表明當前下跌趨勢的結束。突破該形態可能導致價格上漲至 0.14 美元。

Conversely, a price drop below the support zone would indicate ongoing bear influence. DOGE could then fall to the strong support at $0.08 or potentially lower.

相反，價格跌破支撐區域將表明持續的空頭影響。隨後 DOGE 可能會跌至 0.08 美元的強力支撐位或可能更低。

Cardano Price Analysis

卡爾達諾價格分析

Cardano (ADA) also experienced a decline on August 26, falling below its 50-day SMA of $0.38, indicating reduced demand.

卡爾達諾（ADA）在 8 月 26 日也出現下跌，跌破 0.38 美元的 50 日移動平均線，顯示需求減少。

As the price continued to fall, ADA breached its 20-day EMA of $0.36 on August 27. A minor support level exists at the uptrend line, but if this level breaks, the price may decline to $0.31.

隨著價格持續下跌，ADA 在 8 月 27 日突破了 20 日均線 0.36 美元。

However, if a trend reversal occurs and the price rises from current levels, bulls may aim to push it back above the 50-day SMA. If successful, a rally towards the downtrend line could ensue.

然而，如果趨勢發生逆轉並且價格從當前水平上漲，多頭可能會試圖將其推回到 50 日移動平均線上方。如果成功，可能會朝下降趨勢線反彈。

AVAX Analysis

AVAX分析

On August 25, Avalanche (AVAX) moved downward from the resistance line of the descending channel formation, demonstrating bearish resistance to breakout attempts.

8 月 25 日，Avalanche (AVAX) 從下降通道形成的阻力線向下移動，顯示出對突破嘗試的看跌阻力。

Following the downward push, the price reached its 20-day EMA of $23.89, a critical point of defense for bulls. If the price rebounds strongly from this level, it could suggest that dips are being acquired.

在下行推動之後，價格觸及 20 日均線 23.89 美元，這是多頭的關鍵防禦點。如果價格從該水平強勁反彈，則可能表示正在逢低買入。

This could trigger a breakout above the channel, allowing for a rally towards $33 and potentially $37. However, a bearish scenario could result in a drop to $19.50 or further.

這可能會觸發通道上方的突破，從而反彈至 33 美元，甚至可能上漲至 37 美元。然而，看跌情況可能會導致價格跌至 19.50 美元或進一步。