The largest memecoin, Dogecoin (DOGE), continues to show a positive price movement with a more than 10% increase last week. At the time of writing, DOGE is trading at $0.06873 with a market value of $9.73 billion, making it the 9th largest cryptocurrency by market value and the 8th largest altcoin. So, what’s next for this popular altcoin? Let’s take a closer look.

最大的 memecoin 狗狗币 (DOGE) 继续呈现积极的价格走势，上周涨幅超过 10%。截至撰写本文时，DOGE 的交易价格为 0.06873 美元，市值为 97.3 亿美元，使其成为市值第九大加密货币和第八大山寨币。那么，这种流行的山寨币的下一步是什么？让我们仔细看看。

Critical Breakout in Dogecoin

The recent weekly candle formation indicates that Dogecoin has broken the long-standing downtrend resistance trend line that has been suppressing its price. Experienced cryptocurrency analyst Ali Martinez stated that after the breakout of this important descending triangle formation on the weekly time frame, the altcoin has shown positive indicators. The bullish outlook for DOGE is further supported by the confirmation of a buy signal from the TD Sequential indicator in the same time frame.

狗狗币的关键突破最近的每周蜡烛形态表明狗狗币已经突破了长期压制其价格的下行阻力趋势线。经验丰富的加密货币分析师阿里·马丁内斯表示，在每周时间框架内突破这一重要的下降三角形形态后，山寨币已显示出积极的指标。 DOGE 的看涨前景得到了同一时间范围内 TD 顺序指标买入信号确认的进一步支持。

Furthermore, the price chart of Dogecoin indicates a potential 20% recovery from current levels. The optimism and recovery in the cryptocurrency market amid the sideways movement of Dogecoin led to the formation of a double bottom pattern, pushing DOGE to its current price of $0.69.

此外，狗狗币的价格图表显示，从当前水平可能会回升 20%。在狗狗币横向波动的情况下，加密货币市场的乐观和复苏导致了双底形态的形成，推动狗狗币目前的价格达到 0.69 美元。

Although the ongoing recovery appears strong, the altcoin retraced slightly after reaching the $0.075 resistance level. Currently, the first support level for DOGE is above $0.067, and if the price remains above this level, there is a potential for buyers to continue the recovery by 20% and reach the neckline of the formation at $0.085.

尽管持续的复苏似乎很强劲，但山寨币在达到 0.075 美元阻力位后小幅回调。目前，DOGE的第一个支撑位位于0.067美元上方，如果价格保持在该水平之上，买家有可能继续反弹20%，并触及0.085美元的颈线。

Whale Movements Surrounding DOGE

Whale Alert, a reputable cryptocurrency data platform specializing in large transactions, detected that a wallet address holding 5.39 million DOGE worth $372,461 and dormant for a long time has become active again. This wallet address has been inactive for approximately 9.8 years since Billy Markus and Jackson Palmer launched DOGE as a fun side project in 2013.

DOGE周围的巨鲸动向 Whale Alert是一家专门从事大额交易的知名加密货币数据平台，检测到一个持有539万枚DOGE、价值372,461美元且长期处于休眠状态的钱包地址再次活跃。自 Billy Markus 和 Jackson Palmer 于 2013 年推出 DOGE 作为一个有趣的副项目以来，该钱包地址已闲置约 9.8 年。

Whale Alert reported that 392,000 DOGE were transferred from this reactivated wallet address to a newly created wallet address about three hours ago, and the whale distributed the large amount of DOGE among various wallet addresses.

Whale Alert 报告称，大约三个小时前，有 392,000 DOGE 从这个重新激活的钱包地址转移到了新创建的钱包地址，鲸鱼将大量 DOGE 分配到了各个钱包地址中。