The cryptocurrency market has been battered and bloody in recent days, memecoins like Dogecoin (DOGE) included. During this period, the price of Bitcoin (BTC) has dipped below $55,000. This volatility has had a cascading effect on altcoins, with memecoins bearing the brunt of the impact, leaving holders concerned about their investments.

最近幾天，加密貨幣市場遭受重創和血腥，其中包括像狗狗幣（DOGE）這樣的迷因幣。在此期間，比特幣（BTC）的價格已跌破 55,000 美元。這種波動對山寨幣產生了連鎖反應，迷因幣首當其衝，讓持有者對自己的投資感到擔憂。

Prominent crypto analyst Michael Van de Poppe has voiced his concerns, stating that he is "worried about the altcoin market."

著名的加密貨幣分析師 Michael Van de Poppe 表達了他的擔憂，表示他「擔心山寨幣市場」。

Despite these concerns, some analysts remain more optimistic, particularly regarding Dogecoin. They argue that historical patterns suggest a potential recovery for DOGE.

儘管有這些擔憂，一些分析師仍然更加樂觀，尤其是對於狗狗幣。他們認為，歷史模式顯示 DOGE 有可能復甦。

Dogecoin Following Historical Patterns

狗狗幣遵循歷史模式

According to a report by AMB Crypro, popular analyst Vision Pulse has highlighted Dogecoin's historical cycle, demonstrating that the current trend bears similarities to past patterns.

根據 AMB Crypro 的報告，受歡迎的分析師 Vision Pulse 強調了狗狗幣的歷史週期，顯示當前的趨勢與過去的模式有相似之處。

"What if I told you Dogecoin plays out identically to the last cycle? Check this out. Dogecoin pumps almost 400% to the .236 retracement in 2020 then dumps 50% as BTC.D goes up. Look what's happening now," he said.

「如果我告訴你狗狗幣的表現與上一個週期相同怎麼辦？看看這個。狗狗幣在2020 年上漲近400% 至0.236 回撤位，然後隨著BTC.D 上漲而下跌50%。看看現在發生了什麼，」他說。

According to Vision Pulse, DOGE could see another 400% surge, mirroring its 2020 performance, and this historical behavior suggests that the memecoin's current decline may not be long-lived.

根據 Vision Pulse 的數據，DOGE 可能會再次飆升 400%，反映其 2020 年的表現，這一歷史行為表明，memecoin 目前的下跌可能不會長久。

Optimistic Views from Other Analysts

其他分析師的樂觀看法

Similarly, another analyst, Javon Marks, points to Dogecoin's recurring cycle as an indicator of potential for a significant rally.

同樣，另一位分析師賈文馬克斯 (Javon Marks) 指出，狗狗幣的循環週期是潛在大幅上漲的指標。

"Throughout the years, DOGE log breakouts have led to significant pumps and higher highs, and it has done it once again with the current breakout holding! Based off the last 2 breakouts, each of these pumps have been larger in magnitude, and if we were to see it play out again, we could potentially see a $10+ DOGE this bull run, a 7200%+ move," said Javon.

「多年來，DOGE 的對數突破導致了顯著的上漲和更高的高點，並且在當前的突破持有中再次做到了這一點！根據最近兩次突破，每一次上漲的幅度都更大，如果我們如果我們看到它再次上演，我們可能會看到這次牛市的 DOGE 價格超過 10 美元，漲幅超過 7200%，」Javon 說。

At the time of writing, Dogecoin is trading around the $0.09176 mark, reflecting a 15.4% decline on the daily chart.

截至撰寫本文時，狗狗幣交易價格在 0.09176 美元附近，日線圖上下跌 15.4%。

Over the past week, DOGE has dropped by 31.32%, extending its month-long downtrend. Its trading volume has also declined by 20.48% to $713.6 million over the past 24 hours.

過去一周，DOGE下跌了31.32%，延續了一個月的下跌趨勢。在過去 24 小時內，其交易量也下降了 20.48% 至 7.136 億美元。

Technical analysis reveals a strong bearish momentum for Dogecoin. The RSI indicator is at 34, while the RSI-based moving average is at 49, suggesting higher selling pressure in the market.

技術分析顯示狗狗幣有強烈的看跌勢頭。 RSI 指標為 34，而基於 RSI 的移動平均線為 49，表示市場拋售壓力較大。

However, the RSI entering the oversold territory could present a buying opportunity, potentially triggering a trend reversal due to increasing buying pressure.

然而，RSI 進入超賣區域可能會帶來買入機會，由於買入壓力增加，可能會引發趨勢逆轉。

Potential for Trend Reversal

趨勢逆轉的潛力

The DMI indicator also indicates decreasing bearish momentum. Although the negative index at 19.7 is above the positive index at 17.9, the negative index is sloping down.

DMI 指標也顯示看跌勢頭正在減弱。儘管19.7的負指數高於17.9的正指數，但負指數正在向下傾斜。

The neutral index at 29 is above the negative index, further hinting at a potential reversal as the price drops into the oversold zone.

29 的中性指數高於負值指數，進一步暗示隨著價格跌入超賣區域，可能會出現逆轉。

Additionally, Santiment analysis shows that the funding rate accumulated by exchanges is positive at 0.005%, indicating that long positions are paying shorts to maintain their positions, reflecting bullish sentiment among traders anticipating an increase in price.

此外，Santiment 分析顯示，交易所累積的資金費率為 0.005%，顯示多頭部位正在向空頭支付費用以維持其頭寸，反映出交易者預期價格上漲的看漲情緒。

Moreover, outflows from large holders have decreased from 192 million to 42 million, suggesting that large DOGE holders are not selling their assets, reflecting confidence in a potential uptrend.

此外，大持有者的資金流出已從 1.92 億減少至 4,200 萬，這表明 DOGE 的大持有者沒有出售其資產，反映出對潛在上升趨勢的信心。

If Dogecoin manages to close above the critical support of $0.105 on the daily chart, the memecoin could reverse its current downtrend and attempt to challenge the significant resistance level at $0.13. This development would serve as a bullish signal for investors, aligning with the historical patterns highlighted by analysts.

如果狗狗幣能夠收在日線圖上 0.105 美元的關鍵支撐位上方，則 memecoin 可能會扭轉當前的下跌趨勢，並嘗試挑戰 0.13 美元的重要阻力位。這一發展將成為投資者的看漲訊號，與分析師強調的歷史模式一致。