Will DOGE Price Survive Market Pullback for a 2x Breakout Run?

After the early July rally, the correction is seen as a temporary setback to regain bullish momentum. However, as highly volatile assets, meme coins face significant selling pressure during market downturns. In the last 24 hours, leading meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), and BONK experienced a 5-6% price drop.

DOGE 价格能否挺过市场回调并实现两倍突破？在 7 月初的反弹之后，此次调整被视为恢复看涨势头的暂时挫折。然而，作为高度波动的资产，迷因币在市场低迷期间面临巨大的抛售压力。在过去 24 小时内，狗狗币 (DOGE)、柴犬 (SHIB)、佩佩币 (PEPE) 和 BONK 等领先的 meme 币价格下跌了 5-6%。

Should investors sell or hold during this pullback?

在这次回调期间，投资者应该卖出还是持有？

Dogecoin Price Performance

During the July market recovery, DOGE surged from $0.915 support. The recovery pushed the asset up by 57%, reaching the upper boundary of the channel wedge pattern at $0.143.

狗狗币价格表现在 7 月市场复苏期间，狗狗币从 0.915 美元的支撑位飙升。复苏推动该资产上涨 57%，达到通道楔形模式的上限 0.143 美元。

Resistance at this level, combined with the broader market sell-off, caused a 13% decline in DOGE, resulting in a current price of $0.124. The market cap of DOGE has also dropped to $18.14 billion.

该水平的阻力，加上大盘抛售，导致 DOGE 下跌 13%，目前价格为 0.124 美元。 DOGE的市值也跌至181.4亿美元。

The falling wedge pattern typically leads to a downtrend before a potential breakout. The recent reversal from the upper boundary suggests a continued correction, giving sellers the upper hand.

下降楔形形态通常会在潜在突破之前导致下降趋势。最近从上限的反转表明持续修正，使卖家占据上风。

Technical Indicators:

技术指标：

• MACD: The MACD (blue) and signal (orange) lines are nearing a bearish crossover, indicating weakening bullish momentum.
• EMA: The DOGE price dip below the 200-day EMA highlights bearish sentiment.

Will DOGE Price Breakout Run Exceed $0.25?

Sustained selling within the wedge pattern could push DOGE down by over 20%, retesting the $0.1 support level.

MACD：MACD（蓝色）和信号（橙色）线接近看跌交叉，表明看涨势头减弱。EMA：DOGE 价格跌破 200 日 EMA 凸显看跌情绪。DOGE 价格突破运行会超过 0.25 美元吗？持续抛售在楔形形态内，DOGE 可能会下跌 20% 以上，重新测试 0.1 美元的支撑位。

However, the falling wedge pattern often indicates the nearing end of a downtrend. If the broader market remains bullish, DOGE buyers may rally at $0.1 and aim to break through the upper boundary.

然而，下降楔形形态通常表明下降趋势即将结束。如果大盘依然看涨，DOGE 买家可能会反弹至 0.1 美元，并力图突破上限。

A breakout from the wedge pattern would signal an early trend reversal and target a peak of $0.228.

突破楔形形态将预示着早期趋势反转，目标是 0.228 美元的峰值。