Dogecoin, which swept through 2021 and made a name for itself with its rise, had a difficult 2023. However, there is still a chance to end the year on a high note. It was understandable to see a negative price performance after the countless events of this year, including Elon Musk’s departure. So, what is the reason for the optimism at the end of the year?

横扫2021年并因崛起而声名鹊起的狗狗币，在2023年经历了艰难的一年。不过，仍有机会以高调结束这一年。在今年发生了无数事件（包括埃隆·马斯克的离职）之后，价格出现负面表现是可以理解的。那么，年末乐观的理由是什么？

Dogecoin (DOGE) Analysis

狗狗币（DOGE）分析

The king of meme coins has been stuck below the long-term descending resistance trend line since its peak in May 2021. If you recall the May SNL Show, you would also remember how Elon Musk messed everything up. DOGE, which came close to the $1 target for the first time ever, subsequently experienced a steady decline.

自 2021 年 5 月达到顶峰以来，模因币之王一直陷于长期下降阻力趋势线下方。如果你还记得 5 月的 SNL 秀，你还会记得埃隆·马斯克 (Elon Musk) 是如何把一切搞砸的。 DOGE 首次接近 1 美元目标，随后经历了稳步下跌。

Since the ATH (all-time high) day, the DOGE price remained below the long-term trend line until it broke free in October 2023. Breakouts from such long-term structures are exciting for investors as they now may indicate a trend change. Although the trend line has been surpassed, the horizontal resistance area has not been reached yet.

自 ATH（历史新高）日以来，DOGE 价格一直低于长期趋势线，直到 2023 年 10 月突破。这种长期结构的突破令投资者兴奋，因为它们现在可能表明趋势发生变化。虽然趋势线已被突破，但尚未到达水平阻力区域。

On the weekly chart, the RSI is positive and the price is relatively strong. There’s some weakness due to Bitcoin‘s pressure, but this issue is hoped to end after Powell spills the beans tomorrow at this time.

周线图上，RSI为正，价格相对坚挺。由于比特币的压力，比特币出现了一些疲软，但这个问题有望在鲍威尔明天这个时候透露消息后结束。

Dogecoin Target Price

狗狗币目标价格

On the daily chart, the DOGE price has broken free from the $0.095 horizontal resistance area. After the upward breakout, the price reached a peak of $0.107 but has not yet determined a clear direction. Even though the altcoin saw its annual high, it created a bearish candle, which was related to BTC sales. The daily RSI gives a mixed reading. On the bullish side, the indicator has escaped the descending trend line but is weakening.

日线图上，DOGE 价格已突破 0.095 美元的水平阻力区域。向上突破后，价格达到0.107美元的峰值，但尚未确定明确的方向。尽管山寨币创下了年度高点，但它还是形成了看跌蜡烛，这与 BTC 的销售有关。每日 RSI 给出的读数好坏参半。从看涨的角度来看，该指标已脱离下降趋势线，但正在走弱。

What will determine the DOGE price is a potential bounce at $0.095. In the past, this would have been expected with Elon Musk’s support, but he is no longer around. However, we might see announcements related to upcoming DOGE space missions. There is a chance that Elon Musk might share something about the DOGE-1 space mission (where several companies will send physical DOGE to the Moon via cargo, with SpaceX being just one of them) and trigger this.

决定 DOGE 价格的是 0.095 美元的潜在反弹。在过去，这在埃隆·马斯克的支持下是可以预料到的，但他已经不在了。然而，我们可能会看到与即将到来的 DOGE 太空任务相关的公告。埃隆·马斯克有可能分享一些有关 DOGE-1 太空任务的信息（几家公司将通过货物将实体 DOGE 发送到月球，SpaceX 只是其中之一）并触发这一任务。

In a positive scenario, a bounce from $0.095 could lift the Dogecoin price to $0.145, but in the reverse scenario, we could see a retracement to $0.072.

在积极的情况下，从 0.095 美元反弹可能会将狗狗币价格提升至 0.145 美元，但在相反的情况下，我们可能会看到回撤至 0.072 美元。

继续阅读：https://en.coin-turk.com/dogecoins-challenging-year-and-潜在-comeback/