Dogecoin has clearly had a hard time keeping up its gains, as shown by recent price action. Dogecoin’s price has already dropped by 20% from its $0.223 price on the last day of March as bulls have failed to keep it above the support level at $0.2. 

正如最近的价格走势所表明的那样，狗狗币显然很难保持其涨幅。由于多头未能将其维持在 0.2 美元的支撑位之上，狗狗币的价格已较 3 月最后一天的 0.223 美元下跌了 20%。

Crypto analyst Ali Martinez has reiterated his stance on the future outlook of the meme cryptocurrency. According to him, DOGE’s recent price action has largely mirrored the 2018-2021 pattern. Particularly, the crypto cemented a break out from a descending pattern and has now formed a bullish fractal that could push it into a massive parabolic bull run. 

加密货币分析师阿里·马丁内斯重申了他对模因加密货币未来前景的立场。他表示，DOGE 最近的价格走势很大程度上反映了 2018-2021 年的模式。特别是，加密货币巩固了从下降模式的突破，现在已经形成了看涨分形，可能会将其推向大规模的抛物线牛市。

Dogecoin Bulls Losing Steam After Bull Run

The majority of cryptocurrencies have turned red in their price action in the past seven days as they’ve bled some of their gains in March. Memecoins, particularly Dogecoin, hasn’t been left out of the consolidation, registering a 10.75% downturn in the past seven days. Interestingly, most of this outflow has come in the last two days as the meme coin has decreased by around 7.7%, which is in line with the correction observed in Bitcoin. 

狗币牛市在牛市后失去动力大多数加密货币在过去 7 天的价格走势中都出现了红色，因为它们在 3 月份失去了一些收益。 Memecoins，尤其是狗狗币，也没有被排除在整合之外，在过去 7 天里下跌了 10.75%。有趣的是，大部分资金流出发生在过去两天，因为 meme 币下跌了 7.7% 左右，这与比特币中观察到的调整一致。

DOGE has only had a few years of price action to look at historical performance, but the analyst has pointed out on social media a recurring trend in its movement. According to the DOGE chart shared by Martinez, DOGE went on a consolidation phase from 2018 to 2021, in which it formed a series of lower highs and a relatively straight price bottom. A final breakout of the upper trendline saw the meme coin spiking by epic proportions to reach its current all-time high of $0.7316. 

相关阅读：柴犬鲸鱼交易量激增 340%，能否将 SHIB 推至 0.00004 美元？DOGE 仅有几年的价格走势来观察历史表现，但分析师在社交媒体上指出了其走势中反复出现的趋势。根据马丁内斯分享的DOGE图表，DOGE从2018年到2021年进入了盘整阶段，在此期间形成了一系列较低的高点和相对笔直的价格底部。最终突破上方趋势线后，Meme 代币出现了史诗般的飙升，达到了目前的历史新高 0.7316 美元。

Current price action shows a similar formation since reaching this all-time high in 2021. Notably, the meme coin has formed a series of lower highs and a relatively straight price bottom. The recent bull market has seen it breaking out of the upper trendline. Although it has done fairly well since breaking out, the only step left is an extended price surge past $0.73. 

自 2021 年达到历史高点以来，当前的价格走势显示出类似的形态。值得注意的是，模因币已经形成了一系列较低的高点和相对直线的价格底部。最近的牛市已经突破了上方趋势线。尽管自爆发以来表现相当不错，但剩下的唯一一步就是价格进一步飙升至 0.73 美元以上。

DOGE To $12

Despite the wider market consolidation, the market is still largely in bullish sentiment and DOGE has now formed a bullish fractal on the weekly timeframe, giving validity to the recent analysis by Martinez. 

DOGE 至 12 美元 尽管市场出现更广泛的盘整，但市场仍主要处于看涨情绪，DOGE 目前已在每周时间框架上形成看涨分形，这证实了 Martinez 最近的分析。

Martinez noted in his analysis a repeat of this price surge could see DOGE reaching the $12 price level. This would mean a 6660% increase from the current price level.

相关阅读：加密货币分析师预测卡尔达诺抛物线飙升，驱动因素是什么？马丁内斯在他的分析中指出，如果重复这种价格飙升，DOGE 可能会达到 12 美元的价格水平。这意味着比当前价格水平上涨 6660%。

While the current DOGE rally does share some similarities with the 2021 pump, there are also key differences in market conditions, one of which is the market cap. At the time of writing, DOGE is trading at $0.1792 with a market cap of $25.7 billion. A $12 price would mean DOGE’s market cap entering the trillion-dollar threshold. 

虽然当前的 DOGE 反弹确实与 2021 年的上涨有一些相似之处，但市场状况也存在关键差异，其中之一是市值。截至撰写本文时，DOGE 的交易价格为 0.1792 美元，市值为 257 亿美元。 12 美元的价格将意味着 DOGE 的市值进入万亿美元大关。

DOGE price struggles to hold above $0.18 | Source: DOGEUSDT on Tradingview.com

DOGE 价格难以维持在 0.18 美元以上 |来源：Tradingview.com 上的 DOGEUSDT 精选图片来自 Decrypt，图表来自 Tradingview.com