Dogecoin (DOGE) has experienced a significant price decline over the past month, mirroring broader market trends. This drop has fueled questions about its future direction in a market dominated by selling pressure. However, crypto analyst Trader Tardigrade recently offered a bullish outlook.

在过去的一个月中，Dogecoin（Doge）的价格下降了大幅下降，反映了更广泛的市场趋势。 这种下降引起了人们对其未来方向的疑问，因为它以销售压力为主导的市场。 但是，加密分析师Trader Tardigrade最近提供了看涨的前景。

DOGE Forms Dragonfly Doji Pattern

杜格形式的蜻蜓doji模式

In an X post, the analyst highlighted the formation of a Dragonfly Doji pattern on DOGE's daily chart. This pattern, typically appearing after a downward trend, is often interpreted as a bullish signal. It suggests that despite selling pressure, buyers are emerging, potentially signaling a price recovery. The pattern indicates a possible imminent price jump for the meme coin.

在X帖子中，分析师强调了Doge每日图表上的蜻蜓Doji模式的形成。 这种模式通常以向下趋势出现，通常被解释为看涨信号。 它表明，尽管销售压力，买家仍在出现，并有可能表明价格恢复。 该模式表明模因硬币的即将出现的价格上涨。

The analyst also cited the Mean Reversion theory, suggesting DOGE's current downturn is a retracement toward historical price averages. This theory posits that asset prices eventually revert to their mean. Therefore, despite the recent drop, DOGE could be poised for an upturn, potentially returning to higher price levels.

分析师还引用了平均回归理论，这表明Doge当前的低迷是对历史价格平均值的回溯。 该理论认为资产价格最终恢复到其平均值。 因此，尽管最近有所下降，但Doge仍可以改善，可能会恢复到更高的价格水平。

DOGE Price Update

DOGE价格更新

Dogecoin has faced considerable selling pressure recently, with a 24.4% decline over the past month and a 7.8% drop in the last seven days. Currently trading at $0.1876, it experienced a 3.8% decrease in the past 24 hours. However, these figures also suggest the downtrend is weakening as buyers enter the market, hinting at a potential upswing as sentiment shifts bullish.

Dogecoin最近面临着巨大的销售压力，过去一个月下降了24.4％，过去7天下降了7.8％。 目前的交易价格为0.1876美元，在过去24小时内下降了3.8％。 但是，这些数字还表明，随着买家进入市场，下降趋势正在减弱，这暗示着潜在的上升，随着情绪转移看涨。

A key on-chain indicator supporting this bullish outlook is Open Interest (OI). Over the past 24 hours, DOGE's OI increased by 2.73% to $1.74 billion, reflecting growing trader interest and position creation. This surge suggests accumulation by traders and investors confident in DOGE's growth potential.

支持这种看涨前景的关键链上指标是开放兴趣（OI）。 在过去的24小时内，Doge's Oi增长了2.73％，达到17.4亿美元，这反映了交易者的利益和职位创造。 这种激增表明，交易者和投资者对Doge的增长潜力充满信心。

Continued buying pressure, particularly during market dips, could propel DOGE's price toward key resistance levels of $0.2050 and $0.2120. Reaching these levels would solidify a bullish trend.

持续的购买压力，特别是在市场下降期间，可以将Doge的价格推向$ 0.2050和0.2120美元的关键阻力水平。 达到这些水平将巩固看涨的趋势。