Dogecoin Eyes Key Triangle Pattern for Next Price Move

狗狗币关注下一次价格走势的关键三角形模式

Dogecoin price| Tradingview

狗狗币价格|交易视图

DOGE, the largest meme cryptocurrency by market capitalization, has experienced a significant decline this week amidst Bitcoin's post-halving correction. Dogecoin has fallen for five consecutive days, dropping from a high of $0.164 to $0.146, marking an 11.17% loss. However, the asset price is currently retesting crucial monthly support of the triangle pattern, indicating a potential reversal.

DOGE是市值最大的模因加密货币，本周在比特币减半后的调整中经历了大幅下跌。狗狗币连续五天下跌，从高点0.164美元跌至0.146美元，跌幅达11.17%。然而，资产价格目前正在重新测试三角形形态的关键月度支撑，表明可能出现逆转。

Support at $0.145: A Sign of a New Rally?

0.145 美元的支撑位：新一轮反弹的迹象？

For nearly two months, Dogecoin has traded sideways within a symmetrical triangle pattern formed by two converging trendlines on the daily chart. These trendlines have acted as dynamic resistance and support.

近两个月来，狗狗币一直在日线图上两条汇聚趋势线形成的对称三角形模式内横向交易。这些趋势线起到了动态阻力和支撑的作用。

Currently, DOGE is trading at $0.145 and has encountered demand pressure at the triangle's lower trendline, as evidenced by a long-tailed rejection candle. The asset has a history of bouncing back from this support level, suggesting a high area of interest for buyers.

目前，DOGE 的交易价格为 0.145 美元，并在三角形较低趋势线处遇到了需求压力，长尾拒绝蜡烛就证明了这一点。该资产有从该支撑位反弹的历史，表明买家对此有很高的兴趣。

Divergence in Wallet Activity

钱包活动的差异

According to a recent analysis by Santiment, there is a notable divergence in the activity of cryptocurrency wallets. The data shows that the total number of active non-empty Bitcoin wallets is increasing, indicating growing interest in Bitcoin despite its price volatility.

根据 Santiment 最近的分析，加密货币钱包的活动存在显着差异。数据显示，活跃的非空比特币钱包总数正在增加，这表明尽管比特币价格波动，但人们对比特币的兴趣不断增长。

The total amount of non-empty #Bitcoin wallets are rapidly growing despite choppy prices. #Altcoin wallets for assets like #Dogecoin have flattened after enormous rises earlier this year. #Cardano is one of the few networks to see active wallets drop. https://t.co/itg9qMes7c pic.twitter.com/yrOlEQw3jy — Santiment (@santimentfeed) April 27, 2024

尽管价格波动，非空#Bitcoin 钱包的总量仍在快速增长。 #Dogecoin 等资产的 #Altcoin 钱包在今年早些时候大幅上涨后已经趋于平缓。 #Cardano 是少数几个出现活跃钱包下降的网络之一。 https://t.co/itg9qMes7c pic.twitter.com/yrOlEQw3jy — Santiment (@santimentfeed) 2024 年 4 月 27 日

In contrast, altcoin wallets for assets like Dogecoin have seen a plateau in activity after significant increases earlier in the year. This trend may signal a shift in investor behavior, with traders seeking stability in less volatile coins during uncertain market conditions.

相比之下，狗狗币等资产的山寨币钱包在今年早些时候大幅增长后，其活动已趋于平稳。这种趋势可能预示着投资者行为的转变，交易者在不确定的市场条件下寻求波动性较小的代币的稳定性。

Consolidation and Potential Breakout

整合和潜在突破

DOGE is expected to continue its consolidation for several days or weeks as the triangle pattern develops. For the memecoin to enter a directional trend, buyers must break out from either of the triangle's trendlines. A breakout from the upper boundary would accelerate buying momentum and push the asset above $0.2.

随着三角形形态的发展，DOGE 预计将继续盘整数天或数周。为了使 memecoin 进入定向趋势，买家必须突破三角形的任何一条趋势线。突破上限将加速购买势头并将资产推至 0.2 美元上方。

Technical Indicators

技术指标

• Bollinger Bands: The downtick in the lower boundary of the Bollinger band indicator suggests that sellers remain aggressive.
• Moving Average Convergence Divergence (MACD): A bearish reversal from the MACD and signal line indicates no sign of reversal yet.

布林带：布林带指标下限的下跌表明卖家仍然激进。移动平均线趋同背离（MACD）：MACD 和信号线的看跌反转表明尚未出现反转迹象。