,Dogecoin suffered a significant crash in the bloodbath that rocked the crypto market earlier this week, notching double-digit losses in the process. This has sent its support lower, and $0.112-$0.123 is now the level to hold for the meme coin. But what if it falls below this support?

本周早些时候，狗狗币在震撼加密货币市场的大屠杀中遭遇了严重崩溃，在此过程中遭受了两位数的损失。这降低了支撑位，目前 Meme 币的支撑位为 0.112-0.123 美元。但如果跌破这个支撑位怎么办？

Dogecoin Must Hold Support At $0.112-$0.123

狗狗币必须保持在 0.112-0.123 美元的支撑位

Crypto analyst YG Crypto, in an analysis, identified $0.112-$0.123 as the major support levels for Dogecoin after the price crash. In the post that was made on X (formerly Twitter), the crypto analyst explained that these levels are important due to the fact that they have prevented massive price crashes for Dogecoin in the past.

加密货币分析师 YG Crypto 在一项分析中认为，价格暴跌后，狗狗币的主要支撑位为 0.112-0.123 美元。在 X（以前称为 Twitter）上发布的帖子中，加密货币分析师解释说，这些水平很重要，因为它们过去阻止了狗狗币的大规模价格暴跌。

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As such, the meme coin needs to maintain above this level to continue its bullish trend. As of the early hours of Thursday, the DOGE price continues to trade above the higher band of this level, suggesting that the support at $0.123 is significant.

因此，模因币需要维持在这一水平之上才能继续其看涨趋势。截至周四凌晨，DOGE 价格继续交投于该水平的较高区间上方，表明 0.123 美元的支撑非常重要。

However, YG Crypto warned that if it ends up unable to hold, it could be disastrous for the price. “If the price breaks below this support, it could signal further downward pressure,” the crypto analyst warned. Further, a breakdown below the lower band of this support would constitute another 15% crash, leading to a cumulative 50% decline in the DOGE price from its 2024 peak.

然而，YG Crypto 警告称，如果最终无法持有，对价格来说可能是灾难性的。这位加密货币分析师警告称：“如果价格跌破这一支撑位，则可能预示着进一步的下行压力。”此外，跌破该支撑位的下限将构成另一次 15% 的崩盘，导致 DOGE 价格较 2024 年峰值累计下跌 50%。

$DOGE After the Dive: Will Support HOLD OR FOLD? 🫢

$DOGE 跳水后：会支持持有还是弃牌？ 🫢

Dogecoin soared to $0.228 before a recent correction that saw prices plummet over 40%. Despite the drop🔻, #DOGE is still trading above the crucial support level of $0.112-$0.123.

This area previously prevented a steeper… pic.twitter.com/JisClhaNlO

狗狗币飙升至 0.228 美元，随后出现最近的调整，价格暴跌超过 40%。尽管下跌🔻，#DOGE 的交易价格仍高于 0.112-0.123 美元的关键支撑位。该区域之前阻止了更陡峭的走势…… pic.twitter.com/JisClhaNlO

— YG crypto (@ygcrypto) May 1, 2024

- YG crypto (@ygcrypto) 2024 年 5 月 1 日

If Dogecoin is able to maintain this support, then buying here could be a unique opportunity. However, the analyst also expressed that technical indicators are not the only useful tools, as market sentiment can also play a big role in where the price could be headed next.

如果狗狗币能够维持这种支撑，那么在这里购买可能是一个独特的机会。不过，分析师也表示，技术指标并不是唯一有用的工具，因为市场情绪也可以在下一步价格走势中发挥重要作用。

DOGE Price Could Break Out Higher

DOGE 价格可能突破更高

While the fundamentals seem to be turning bearish for Dogecoin right now, not all analysts are expecting a price decline. One of these bullish crypto analysts is Ali Martinez, who has identified a formation in the DOGE price chart that hasn’t been seen since 2021.

虽然狗狗币的基本面目前似乎转为看跌，但并非所有分析师都预计价格会下跌。 Ali Martinez 是这些看涨加密货币分析师之一，他在 DOGE 价格图表中发现了自 2021 年以来从未出现过的形态。

Martinez explained in his analysis that the Dogecoin price had finally broken out of a descending triangle, something that has been historically bullish for the price. At the same time, the crypto analyst calmed investors’ fears, saying that the current 40% drawdown in the meme coin’s price is par for the course going by historical performance.

马丁内斯在他的分析中解释说，狗狗币的价格终于突破了下降三角形，这在历史上一直是看涨价格的。与此同时，这位加密货币分析师安抚了投资者的担忧，称目前 Meme 币价格下跌 40%，符合历史表现。

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According to the analyst, the DOGE price had seen a similar 40% decline in 2017 before breaking out of a descending triangle. The result of this breakout was a 982% bull run that sent the price to new all-time highs. A similar trend was registered in 2021 as well, when the DOGE price fell 56% before breaking out of a descending triangle. This time around, Dogecoin went on its legendary 12,197% rally to reach a new all-time high as well.

该分析师表示，在突破下降三角形之前，DOGE 价格在 2017 年也经历了类似的 40% 下跌。这次突破的结果是 982% 的牛市，将价格推至历史新高。 2021 年也出现了类似的趋势，当时 DOGE 价格下跌 56%，然后突破下降三角形。这一次，狗狗币继续传奇般的 12,197% 涨幅，创下历史新高。

Since the meme coin seems to be closely following this trend, the belief that it will do the same thing has become stronger. In the case of 2024, the price has seen a 40% drawdown and has now broken out of a descending triangle. If history rhymes once more, the analyst believes that DOGE can rally 4,600% to $6.

由于模因币似乎正在密切关注这一趋势，因此人们对它也会做同样事情的信念变得更加强烈。就 2024 年而言，价格已下跌 40%，现已突破下降三角形。如果历史再次押韵，分析师认为 DOGE 可能会上涨 4,600% 至 6 美元。

Now, in 2024, #DOGE has yet again broken out of a descending triangle!

现在，2024 年，#DOGE 再次突破下降三角形！

It is currently undergoing a 47% price correction, very similar to previous cycles, which could ignite the next $DOGE bull run! pic.twitter.com/ZmuHmvIwei

它目前正在经历 47% 的价格调整，与之前的周期非常相似，这可能会引发下一轮 $DOGE 牛市！ pic.twitter.com/ZmuHmvIwei

— Ali (@ali_charts) May 1, 2024

— 阿里 (@ali_charts) 2024 年 5 月 1 日

“Over the years, #Dogecoin appears to mirror its previous bull cycles! All you need is a little bit of patience,” Ali Martinez concluded.

“多年来，#Dogecoin 似乎反映了之前的牛市周期！你所需要的只是一点耐心，”阿里·马丁内斯总结道。

DOGE price rises above $0.13 | Source: DOGEUSDT on Tradingview.com