Despite Dogecoin’s price increase, market sentiment remained negative, and indicators suggested a bearish outlook for the meme coin.

尽管狗狗币价格上涨，但市场情绪仍然消极，指标表明狗狗币的前景看跌。

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Over the past week, Dogecoin’s price rose significantly, with CoinMarketCap reporting a more than 65% increase. Currently, DOGE is trading at $0.1414, with a market capitalization exceeding $20 billion.

过去一周，狗狗币的价格大幅上涨，CoinMarketCap 报告称涨幅超过 65%。目前，DOGE 的交易价格为 0.1414 美元，市值超过 200 亿美元。

DOGE Price Analysis: Exploring Potential Targets

On March 2nd, analyst World of Charts predicted a potential 135% surge in DOGE’s price, setting its next target at $0.265.

DOGE 价格分析：探索潜在目标 3 月 2 日，分析师 World of Charts 预测 DOGE 价格可能飙升 135%，将其下一个目标定为 0.265 美元。

According to our analysis, DOGE encountered strong resistance around the $0.143 mark. A breakout above this level could trigger a further bullish rally.

根据我们的分析，DOGE 在 0.143 美元关口附近遇到强劲阻力。突破该水平可能会引发进一步的看涨反弹。

Source: Hyblock Capital

来源：Hyblock 资本

Our examination of Santiment’s data indicated a considerable increase in Dogecoin’s Social Volume and MVRV Ratio, suggesting an elevated chance of a sustained price increase.

我们对 Santiment 数据的检查表明，狗狗币的社交量和 MVRV 比率大幅增加，表明价格持续上涨的可能性较高。

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Additionally, the Binance Funding Rate for DOGE remained in the green, indicating active buying by derivatives investors at the time of assessment.

此外，DOGE 的币安融资利率仍保持绿色，表明在评估时衍生品投资者积极买入。

Despite the overall price increase, a few metrics presented a bearish outlook. Notably, DOGE’s Weighted Sentiment dropped, indicating an increase in negative sentiment surrounding the coin.

尽管整体价格上涨，但一些指标呈现看跌前景。值得注意的是，DOGE 的加权情绪下降，表明围绕该代币的负面情绪有所增加。

Bearish Signals for DOGE: Analyzing Metrics

Another bearish metric observed recently is the drop in Open Interest for DOGE.

DOGE 的看跌信号：分析指标 最近观察到的另一个看跌指标是 DOGE 的未平仓合约下降。

Source: Santiment

资料来源：Santiment

Furthermore, at the time of assessment, the meme coin’s price had reached the upper limit of the Bollinger Bands, while its Relative Strength Index (RSI) indicated an overbought condition.

此外，在评估时，meme币的价格已达到布林带上限，而其相对强弱指数（RSI）表明处于超买状态。

Source: TradingView

来源：TradingView

These indicators suggest that selling pressure may increase in the coming days, potentially signaling the end of DOGE’s bullish trend.

这些指标表明，未来几天抛售压力可能会增加，可能预示着 DOGE 看涨趋势的结束。

Also Read: JasmyCoin Price Surges 161% Weekly: Is It the Best Crypto to Buy Now?

另请阅读：JasmyCoin 价格每周飙升 161%：它是现在最值得购买的加密货币吗？

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

重要提示：请注意，本文仅旨在提供信息，不应被视为法律、税务、投资、财务或任何其他类型的建议。