Dogecoin Price Prediction: Amid the recent market downturn, Dogecoin experienced significant selling pressure at the $0.22 mark, leading to a 20% price decrease to now trade at $0.18. In the 4-hour chart, this peak has formed a double-top pattern, intensifying the bearish sentiment among traders. With the Bitcoin pre-halving correction underway, there is speculation on whether this trend will extend the downward movement in altcoins.

狗狗币价格预测：在最近的市场低迷中，狗狗币在 0.22 美元关口经历了巨大的抛售压力，导致价格下跌 20%，目前交易价格为 0.18 美元。 4小时图中，该峰值已形成双顶形态，加剧了交易者的看空情绪。随着比特币减半前的调整正在进行，有人猜测这种趋势是否会延续山寨币的下跌趋势。

Dogecoin’s Bullish Surge Fueled by Awakening Whale Wallets

鲸鱼钱包的觉醒推动了狗狗币的看涨浪潮

Unlike other leading cryptocurrencies, Dogecoin, the popular dog-themed meme coin, displayed an aggressive bullish trend in March. The asset witnessed a notable inflow in the month’s fourth week, which propelled its value from $0.122 to $0.228 high to register 86.8%.growth.

与其他领先的加密货币不同，狗狗币（Dogecoin）是一种流行的以狗为主题的模因硬币，在三月份表现出激进的看涨趋势。该资产在本月第四周出现了显着的资金流入，使其价值从 0.122 美元上涨至 0.228 美元高位，增长 86.8%。

As per a recent highlight from crypto analytics platform Santiment, this growth is largely driven by the awakening of major dormant whale wallets, which has injected Dogecoin back into the market without causing the typical FOMO that characterizes market peaks. 

根据加密分析平台 Santiment 最近的一个亮点，这种增长很大程度上是由主要休眠鲸鱼钱包的觉醒推动的，这些钱包将狗狗币重新注入市场，而没有造成典型的市场高峰时期的 FOMO 现象。

Moreover, the data reveals a marginal 0.21% increase in the number of DOGE wallets with coins over the past two weeks. While, the average age of Dogecoin investments has decreased from 510 to 416 days within five weeks, indicating increased movement of long-held coins.

此外，数据显示过去两周 DOGE 代币钱包数量略有增加 0.21%。与此同时，狗狗币的平均投资期限在五周内从 510 天缩短至 416 天，这表明长期持有的加密货币的流动性有所增加。

#Dogecoin is up another +10% today, and +29% this week. The top #memecoin by market cap (#8 market cap #crypto asset overall) is being powered by major dormant whales moving $DOGE back into circulation, and a lack of #FOMO that would normally form tops. https://t.co/KKxqe4SBCm pic.twitter.com/Mb8YF71iIq

#Dogecoin 今天又上涨了 10%，本周又上涨了 29%。按市值排名最高的#memecoin（总体市值#8）是由主要休眠鲸鱼将$DOGE重新投入流通所推动的，并且缺乏通常会形成顶部的#FOMO。 https://t.co/KKxqe4SBCm pic.twitter.com/Mb8YF71iIq

— Santiment (@santimentfeed) March 31, 2024

- Santiment (@santimentfeed) 2024 年 3 月 31 日

However, with the current market correction, the DOGE price reverted from the $0.22 barrier and developed a double-top bearish pattern. With a 9% intraday drop, the sellers gave a decisive breakdown from the neckline support at $0.195.

然而，随着当前市场调整，DOGE 价格从 0.22 美元关口回落，并形成双顶看跌形态。盘中下跌 9%，卖家决定从 0.195 美元的颈线支撑位跌破。

If the supply pressure persists, the Dogecoin price may plunge another 8% to hit combined support of the ascending trendline and 38.2% Fibonacci retracement level at $0.17. This confluence of technical levels should bolster buyers to counter and regain trend control.

如果供应压力持续存在，狗狗币价格可能会再暴跌 8%，触及上升趋势线和 38.2% 斐波那契回撤位 0.17 美元的综合支撑位。这种技术水平的融合应该会支持买家反击并重新控制趋势。

Technical Indicator

技术指标

• Exponential Moving Average: The 50-day EMA will be key support of memecoin holders amid the current correction.

指数移动平均线：在当前的调整中，50 天均线将成为 memecoin 持有者的关键支撑。

• Relative Strength Index: A notable bearish divergence in the daily RSI slope reflects the weakening of buyers’ conviction and a higher potential for prolonged correction.

相对强弱指数：每日 RSI 斜率的显着看跌背离反映了买家信心的减弱和长期修正的可能性更大。

The post Bearish Pattern Sets Dogecoin Price for 8% Fall Ahead, But There’s a Twist appeared first on CoinGape.

后看跌模式使狗狗币价格将下跌 8%，但有一个转折首先出现在 CoinGape 上。