TL;DR
Dogecoin has surged 10% daily, with speculation linking the rally to Elon Musk. Analysts predict potential further gains. However, its RSI over 70 suggests that the coin may be overbought and due for a pullback.

TL;DRDogecoin 每日飆升 10%，有人猜測這次上漲與伊隆馬斯克有關。分析師預測潛在的進一步上漲。然而，其相對強弱指數 (RSI) 超過 70 表明該代幣可能已超買並應回調。

Is DOGE Ready to Skyrocket?
The leading meme coin is among the crypto sector’s top performers today (October 16), recording a 10% price spike. It currently trades just south of $0.13, while its market capitalization surpassed $18.6 billion.

DOGE 準備好飆升了嗎？目前其交易價格略高於 0.13 美元，而其市值則超過 186 億美元。

DOGE Price, Source: CoinGecko

DOGE 價格，來源：CoinGecko

DOGE’s latest rally could be attributed to the overall revival of the industry, where Bitcoin (BTC) exceeded $67,500. On the other hand, other well-known meme coins have struggled to keep pace, witnessing more modest price increases.

DOGE 的最新反彈可能歸因於該行業的整體復甦，比特幣 (BTC) 突破了 67,500 美元。另一方面，其他知名的迷因幣卻難以跟上步伐，價格上漲較為溫和。

As such, some industry participants suggested that Dogecoin’s resurgence could have some connection to Elon Musk. Musk, Tesla’s CEO and one of the wealthiest people on the planet, is a huge proponent of the meme coin, often praising its merits. Twitter user Bluntz supported this theory:

因此，一些業內人士認為，狗狗幣的復興可能與伊隆馬斯克有關。特斯拉執行長、全球最富有的人之一馬斯克是迷因幣的大力支持者，經常稱讚其優點。 Twitter 用戶 Bluntz 支持這個理論：

$doge going mental today while all the other memes have been sliding.
somethings cooking and i cant help but feel its something elon related
pic.twitter.com/2yyNiWnfQA
— Bluntz (@Bluntz_Capital) October 16, 2024

$doge 今天變得精神起來，而所有其他模因都在滑動。日

Several analysts claimed that DOGE has yet to make headlines by experiencing a price explosion. Twitter user Ali Martinez presented a chart showing that the valuation could skyrocket to an all-time high of $10 in the following months.

幾位分析師聲稱，DOGE 尚未因價格爆炸而成為頭條新聞。 Twitter 用戶 Ali Martinez 展示了一張圖表，顯示該股估值可能在接下來的幾個月內飆升至 10 美元的歷史新高。

It is worth mentioning, though, that such a rally would require Dogecoin’s market cap to jump to over $1.4 trillion, making the forecast quite unlikely. Some commenting on the post shared skepticism, describing the prediction as simply impossible.

但值得一提的是，這樣的反彈需要狗狗幣的市值躍升至 1.4 兆美元以上，因此這項預測的可能性很小。一些對該貼文的評論表示懷疑，稱這項預測根本不可能。

The Bearish Factor
Despite DOGE’s impressive surge in the past 24 hours, one technical indicator hints at an incoming correction. Namely, this is the Relative Strength Index (RSI), whose ratio surpassed 70.

看跌因素 儘管 DOGE 在過去 24 小時內大幅飆升，但一項技術指標暗示即將出現調整。也就是說，這就是相對強弱指數（RSI），其比率超過了70。

The metric measures the speed and change of price movements, with readings below 30 suggesting that the asset is in oversold territory and might be headed for a rally.

此指標衡量價格變動的速度和變化，讀數低於 30 表示資產處於超賣區域，可能會上漲。

On the other hand, anything above 70 generally signals that DOGE is overbought and could be due for a pullback in the short term.
The post Super Bullish Dogecoin (DOGE) Price Prediction but is it Too Outrageous? appeared first on CryptoPotato.

另一方面，任何高於 70 的值通常都表明 DOGE 已超買，並且可能會在短期內回調。首先出現在 CryptoPotato 上。