Dogecoin (DOGE) on the daily chart has formed an asymmetrical triangle, where buyers are working to keep the price above $0.090, but sellers are pushing it down despite their efforts.

日線圖上的狗狗幣 (DOGE) 已形成一個不對稱三角形，買家正在努力將價格保持在 0.090 美元以上，但賣家儘管做出了努力，但仍將價格壓低。

Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On CryptosHeadlinesToken.com

Cryptos Headlines 代幣空投已上線，在 CryptosHeadlinesToken.com 上免費領取價值 50 美元的即時 5000 個 CHT 代幣

The asymmetrical triangle formation hints at a possible breakout for DOGE. However, before any potential rally, the price of the cryptocurrency might drop. Currently, DOGE is priced at $0.084.

不對稱三角形形態暗示 DOGE 可能出現突破。然而，在任何潛在的反彈之前，加密貨幣的價格可能會下跌。目前，DOGE 的價格為 0.084 美元。

Analyzing DOGE Price Movement

Indicators from the Relative Strength Index (RSI) are hinting at a decline in bullish control over DOGE’s price. If the RSI reading falls below 50.00, there’s a possibility that DOGE could drop to $0.080. However, bullish investors are likely to attempt to push the price higher.

分析 DOGE 價格走勢 相對強度指數 (RSI) 的指標暗示對 DOGE 價格的看漲控制力下降。如果 RSI 讀數跌破 50.00，DOGE 可能會跌至 0.080 美元。然而，看漲的投資者可能會試圖推高價格。

For instance, in case sellers manage to pull down the price, DOGE might decline to $0.0823, aligning with the 0.236 Fibonacci retracement level. If the price bounces back from this point, DOGE could initiate an upward trend towards $0.133, corresponding to the 4.236 Fibonacci retracement level.

例如，如果賣家設法拉低價格，DOGE 可能會跌至 0.0823 美元，與 0.236 斐波那契回檔位保持一致。如果價格從該點反彈，DOGE 可能會開始上漲至 0.133 美元，對應於 4.236 斐波那契回檔位。

Conversely, the bullish outlook may be invalidated if the price falls below $0.080. Such a scenario would indicate increasing bearish dominance amidst heightened selling pressure. In this case, DOGE could descend towards $0.071, potentially hindering any significant relief rally.

相反，如果價格跌破 0.080 美元，看漲前景可能會失效。這種情況將表明，在拋售壓力加大的情況下，看跌主導地位正在增強。在這種情況下，DOGE 可能會跌至 0.071 美元，可能會阻礙任何重大的緩解反彈。

DOGE/USD Daily Chart (Source: TradingView)

DOGE/USD 日線圖（資料來源：TradingView）

Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On CryptosHeadlinesToken.com

Cryptos Headlines 代幣空投已上線，在 CryptosHeadlinesToken.com 上免費領取價值 50 美元的即時 5000 個 CHT 代幣

Analyst Predicts Massive Breakout for DOGE: Potential Surge to $10

According to analyst Ali Martinez, a recent post on X suggests that Dogecoin (DOGE) may experience a significant breakout beyond the anticipated rise to $0.133. Martinez pointed out a pattern on the weekly chart reminiscent of one observed in 2020.

分析師預測 DOGE 將大幅突破：可能飆升至 10 美元 根據分析師 Ali Martinez 的說法，X 最近的一篇文章表明，狗狗幣 (DOGE) 可能會經歷一次重大突破，超出預期的上漲至 0.133 美元。馬丁內斯指出，週線圖上的一種模式讓人想起 2020 年觀察到的模式。

Also Read: Japan Explores VC Investment in Crypto and Web3 Startups

另請閱讀：日本探索加密貨幣和 Web3 新創公司的風險投資

During that period, Dogecoin’s price surged by a staggering 28,770%. Martinez’s analysis indicates that a potential breakout from the descending triangle pattern could catalyze another bull run for DOGE. Based on the chart shared by Martinez, he suggests that DOGE could potentially approach the $10 mark at some point.

在此期間，狗狗幣的價格飆升了驚人的 28,770%。馬丁內斯的分析表明，下降三角形格局的潛在突破可能會催化狗狗幣的另一個牛市。根據 Martinez 分享的圖表，他認為 DOGE 可能會在某個時候接近 10 美元大關。

The price action of #Dogecoin is showing familiar patterns reminiscent of its 2020 behavior. Back then, $DOGE broke out from a descending triangle, entered a period of consolidation, and then skyrocketed by 28,770%.Currently, #DOGE appears to be mirroring this pattern: having… pic.twitter.com/69yXnlYRJd— Ali (@ali_charts) February 23, 2024

Technical Indicators Hint at DOGE’s Potential Upside

On the 4-hour DOGE/USD chart, the Supertrend indicator revealed a sell signal near $0.089, explaining the struggle for the coin to surpass $0.090. However, the same indicator indicated a buy signal at $0.083.

#Dogecoin 的價格走勢顯示出熟悉的模式，讓人想起其 2020 年的行為。當時，$DOGE 從下降三角形中突破，進入盤整期，然後飆升了 28,770%。目前，#DOGE 似乎反映了這種模式：有… pic.twitter.com/69yXnlYRJd — Ali (@ali_charts ) 2024 年2 月23 日技術指標暗示DOGE 的潛在上漲空間在4 小時DOGE/USD 圖表上，超級趨勢指標顯示接近0.089 美元的賣出訊號，解釋了該貨幣為何難以突破0.090 美元。然而，同一指標在 0.083 美元處顯示買入訊號。

Traders who purchase DOGE around this level might find profitability if the price rebounds from the lows. Additionally, the Money Flow Index (MFI) surged to $65.30, indicating a notable increase in capital inflow.

如果價格從低點反彈，在此水平附近購買 DOGE 的交易者可能會獲利。此外，資金流量指數（MFI）飆升至65.30美元，顯示資本流入顯著增加。

DOGE/USD 4-Hour Chart (Source: TradingView)

DOGE/USD 4 小時圖表（資料來源：TradingView）

This uptick serves as evidence of mounting buying pressure. With continued upward pressure, DOGE’s price may be primed for a significant rally. If the price manages to breach $0.090, DOGE could potentially target $0.13 in the short term.

這種上漲證明了購買壓力不斷增加。隨著持續的上漲壓力，DOGE 的價格可能會大幅上漲。如果價格突破 0.090 美元，DOGE 短期內的目標可能是 0.13 美元。

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

重要提示：請注意，本文僅旨在提供信息，不應被視為法律、稅務、投資、財務或任何其他類型的建議。