Why Are Traders Heading Back to Dogecoin? Is This a Fleeting Drift?

為什麼交易者又回歸狗狗幣？這是轉瞬即逝的漂移嗎？

Originally published on Coinpedia Fintech News

原文刊登於 Coinpedia 金融科技新聞

Dogecoin is once again attracting attention, with trading volume surging by over 35% since the early trading hours. This has led to a marginal price increase, rising nearly 5% above $0.16. Additionally, market sentiment has turned bullish since the launch of the spot Ethereum ETF.

狗狗幣再次引起關注，自早盤交易以來交易量激增超過 35%。這導致邊際價格上漲，比 0.16 美元上漲近 5%。此外，自以太幣 ETF 現貨推出以來，市場情緒已轉為看漲。

Why the Sudden Interest in Dogecoin?

為什麼突然對狗狗幣產生興趣？

This begs the question: why have traders flocked to the DOGE price rally?

這就引出了一個問題：為什麼交易者紛紛湧向 DOGE 價格上漲？

Historical Bear Market and Recent Trend Reversal

歷史熊市和近期趨勢逆轉

Since the onset of the 2021 bear market, sparked by Elon Musk's "Hustle" comment on SNL, traders have lost interest in Dogecoin. While the price has experienced occasional bullish momentum, these rallies have been short-lived. However, the trend seems to have shifted recently, with volume increasing since early March, boosting the token's volatility.

自從馬斯克在 SNL 上發表“Hustle”評論引發的 2021 年熊市開始以來，交易員對狗狗幣失去了興趣。雖然價格偶爾出現看漲勢頭，但這些反彈是短暫的。然而，最近趨勢似乎發生了轉變，自 3 月初以來交易量不斷增加，加劇了代幣的波動性。

Technical Analysis

技術分析

After a recent pullback from yearly highs above $0.22, DOGE has maintained an ascending trend and may soon reach the upper boundary of its consolidation range. This has triggered a rebound from the Gaussian channel's average levels, which remain under bearish influence.

在近期從 0.22 美元上方的年度高點回調後，DOGE 一直保持上升趨勢，並可能很快達到其盤整區間的上限。這引發了高斯通道平均水平的反彈，該平均值仍受到看跌影響。

The RSI indicator shows a positive uptrend, suggesting that prices may reach the channel's upper resistance. Technical indicators and chart patterns indicate that the recent breakout is unlikely to be short-lived, with the price expected to hit new yearly highs above $0.25.

RSI 指標顯示積極的上升趨勢，表明價格可能觸及通道的上方阻力。技術指標和圖表模式表明，近期的突破不太可能是短暫的，價格預計將觸及 0.25 美元以上的年度新高。

Bullish Momentum and Potential Gains

看漲勢頭和潛在收益

However, traders often exhibit impatience and take profits after minor price increases. If the bulls receive sufficient support in the form of trading volume, Dogecoin (DOGE) may continue its bullish trend, defying bearish pressure.

然而，貿易商常常表現出不耐煩，並在價格小幅上漲後獲利了結。如果多頭以交易量的形式獲得足夠的支撐，狗狗幣（DOGE）可能會繼續其看漲趨勢，克服看跌壓力。

Long-Term Outlook

長期展望

A rise above $0.3 appears imminent in the early weeks of H2, potentially leading to a bullish close for 2024.

在下半年的前幾週，價格似乎即將突破 0.3 美元，這可能會導致 2024 年收盤看漲。