Dogecoin still boasts one of the most active following of any cryptocurrency and the community’s involvement has been one of the most bullish use cases for it. One community member, who bought the meme coin over five years ago, has come forward to explain why they still hold the coin with expectations for where the DOGE price is headed.

狗狗幣仍然是所有加密貨幣中最活躍的追隨者之一，社群的參與一直是它最樂觀的用例之一。一位五年前購買了 Meme 幣的社群成員出面解釋了為什麼他們仍然持有該幣，並對 DOGE 價格的走勢抱有期望。

Dogecoin Price Rise To $26

狗狗幣價格上漲至 26 美元

The trader first posted a chart to TradingView in September outlining why they believe that the Dogecoin price would see such a meteoric rise. According to the trader who goes by John Burr, he had been holding the altcoin for a long time after initially getting into it in 2017.

該交易員於 9 月首次在 TradingView 上發布了一張圖表，概述了他們認為狗狗幣價格會如此迅速上漲的原因。據一位名叫約翰·伯爾 (John Burr) 的交易員表示，自 2017 年首次買入這種山寨幣以來，他已經持有這種山寨幣很長時間了。

Going forward, the trader had seen the meteoric rise of Dogecoin through 2017 and 2018, and then again through 2021, sitting on a profitable bag since then. However, the trader is convinced that there is more to come as he says, “I am waiting the bullish wave again.”

展望未來，這位交易員見證了狗狗幣在 2017 年和 2018 年的迅速崛起，然後在 2021 年再次實現了盈利。然而，這位交易員堅信還會有更多的事情發生，正如他所說，“我正在等待看漲浪潮再次出現。”

The chart shared by Burr starts out at the $0.0615 level and then shows a similar bounce to the 2020-2021 rally. This bounce in the chart puts the DOGE price at an initial price target of $0.7, effectively returning it back to its previous all-time high levels. However, it doesn’t end there because another bounce takes place to take DOGE all the way to the $27 mark.

Burr 分享的圖表從 0.0615 美元的水平開始，然後顯示出與 2020-2021 年反彈類似的反彈。圖表中的這次反彈將 DOGE 價格設定為 0.7 美元的初始價格目標，有效地將其返回到先前的歷史高點。然而，事情並沒有就此結束，因為另一次反彈發生，DOGE 一路升至 27 美元大關。

Source: Tradingview.com

資料來源：Tradingview.com

In total, the cumulation of the rally would see Dogecoin rally more than 37,500% to reach this level. This could easily rival the 2021 price jump and mark two mega pumps in the history of the coin.

總的來說，反彈的累積將使狗狗幣上漲超過 37,500%，達到這一水平。這很容易與 2021 年的價格上漲相媲美，並標誌著代幣歷史上兩次巨大的上漲。

Explaining his reasoning, the trader said:

這位交易員在解釋他的理由時說：

When I have a conversation about securities with my buddies, the conversation typically involves action-forcing events that trigger pumps and dumps. All of this is noise because we are talking about what happens on a daily interval. When I zoom out, none of the bear arguments matter, valid or not.

當我與朋友談論證券時，談話通常涉及引發拉高和拋售的強制行動事件。所有這些都是噪音，因為我們正在談論每天發生的事情。當我縮小時，所有的熊論證都無關緊要，無論有效與否。

Explaining The Pattern Behind The Rally

解釋反彈背後的模式

The trader points to an M pattern in the chart that backs up this forecast. This has appeared before when the price starts to rise before falling back down. But then as the trader points out, the altcoin goes on to form a W pattern which cements the bull rally.

交易員指出圖表中的 M 模式支持了這個預測。當價格開始上漲然後回落時，這種情況以前就出現過。但正如交易員指出的那樣，山寨幣繼續形成 W 形態，鞏固了牛市反彈。

One thing that was missing from this analysis, however, is what the trader referred to as “THE DIP”. Apparently, this is a dip in DOGE price that comes once the W pattern forms. At the time, Burr was unsure if this dip had happened, saying, “I can’t tell if we have experienced that Dip recently or if there is a big Dip coming soon. Whichever the case, I see the next bullish wave coming. And I am not going to get shaken out if the Dip does come.”

然而，這項分析中遺漏的一件事是交易員所說的「下跌」。顯然，這是 W 形態形成後 DOGE 價格的下跌。當時，伯爾不確定這次下跌是否發生過，他說：「我不知道我們最近是否經歷過這種下跌，或者是否很快就會出現大幅下跌。無論哪種情況，我都認為下一波看漲浪潮即將到來。即使經濟衰退真的到來，我也不會被嚇倒。”

However, on October 31, Burr updated his analysis to include a confirmation of the dip. “I am now comfortable to say that “THE DIP” has passed. I expect generally sideway action until December 2023,” the trader said. “Then I expect the bull run to last throughout the year until December of 2024.”

然而，10 月 31 日，伯爾更新了他的分析，確認了價格下跌。 「我現在可以放心地說，『衰退』已經過去了。我預計到 2023 年 12 月之前都會出現橫盤整理，」該交易員表示。 「那麼我預計牛市將持續全年，直到 2024 年 12 月。”

DOGE price settles at $0.07 | Source: DOGEUSD On Tradingview.com

DOGE 價格定於 0.07 美元 |資料來源：Tradingview.com 上的 DOGEUSD