Despite the overall recovery in the cryptocurrency market from the beginning to almost the middle of 2023, most memecoins, especially Dogecoin (DOGE), have shown a sluggish performance. Investors have been closely monitoring the breakout of the descending trend line that has maintained its data presence in DOGE since May 2022, which has dropped a few ranks in terms of market value among the largest cryptocurrencies list.

尽管从 2023 年初到中期，加密货币市场整体复苏，但大多数 memecoin，尤其是狗狗币 (DOGE) 表现不佳。投资者一直在密切关注下降趋势线的突破，该趋势线自 2022 年 5 月以来一直在 DOGE 中保持数据存在，在最大的加密货币排行榜中，就市值而言，DOGE 的排名已经下降了一些。

Critical Threshold in Front of DOGE

DOGE 面前的临界阈值

Experienced cryptocurrency analyst Ali Martinez stated that Dogecoin is approaching the completion point of the descending triangle formation that has maintained its presence for years. The weekly candle closing above $0.0835 could mark the beginning of a new rally for DOGE, potentially leading it towards $1. However, investors need to be cautious about maintaining the support at $0.0482, as a break at this level could trigger a sharp decline in price.

经验丰富的加密货币分析师阿里·马丁内斯表示，狗狗币正在接近多年来一直保持存在的下降三角形形态的完成点。每周蜡烛收盘价高于 0.0835 美元可能标志着 DOGE 新一轮上涨的开始，并有可能引领其走向 1 美元。不过，投资者需要谨慎维持 0.0482 美元的支撑位，因为突破该水平可能会引发价格大幅下跌。

At the time of writing this article, Dogecoin is trading at $0.058 with a 1.18% increase and a market cap of $8.28 billion. The excessive selling pressure observed in DOGE in recent months could prepare the altcoin for a strong rally and potentially enable it to end the year on a strong note.

在撰写本文时，狗狗币的交易价格为 0.058 美元，上涨 1.18%，市值为 82.8 亿美元。近几个月来 DOGE 出现的过度抛售压力可能会为山寨币的强劲反弹做好准备，并有可能使其在今年年底表现强劲。

Dogecoin Price Prediction

狗狗币价格预测

Many analysts who rely solely on technical indicators expect DOGE to recover its price in the near future. The Relative Strength Index (RSI) on the price chart has once again approached the 30 level after spending nearly two months below 50, often dipping below 40 and even lower during this time. Furthermore, DOGE’s 30-day Exponential Moving Average (EMA) has remained significantly below its 200-day average for several months, indicating that the altcoin’s value is relatively low and ready for a potential uptrend.

许多仅依赖技术指标的分析师预计 DOGE 的价格将在不久的将来恢复。价格图表上的相对强弱指数（RSI）在经历了近两个月低于 50 的水平后，再次逼近 30 的水平，在此期间经常跌破 40 甚至更低。此外，DOGE 的 30 天指数移动平均线 (EMA) 几个月来一直显着低于 200 天平均线，表明山寨币的价值相对较低，并准备好迎接潜在的上涨趋势。

However, investors should be cautious as there are signs that bears are strong in Dogecoin. DOGE recently fell below the significant support level of $0.60. Moreover, the dominant sentiment among Dogecoin investors, as evidenced by significant transfers made by whales recently, indicates a tendency to sell DOGE rather than accumulate it.

然而，投资者应保持谨慎，因为有迹象表明狗狗币的空头力量较强。 DOGE 最近跌破了 0.60 美元的重要支撑位。此外，狗狗币投资者的主导情绪（最近鲸鱼的大量转移就证明了这一点）表明倾向于出售狗狗币而不是积累狗狗币。

In addition, the trading volume of DOGE in the last 24 hours has dropped to around $175 million today from the peak level of $9 billion in November last year, which is another indicator of weakness. This decrease in trading volume is further evidence of waning investor interest in the altcoin.

此外，DOGE过去24小时的交易量已从去年11月90亿美元的峰值降至今天的1.75亿美元左右，这是另一个疲软的迹象。交易量的下降进一步证明投资者对山寨币的兴趣减弱。

继续阅读：https://en.coin-turk.com/ritic-threshold-in-front-of-doge-can-dogecoin-reach-1/