Dogecoin's (DOGE) ongoing price action mirrors 2020 fractals that saw its price explode by more than 15,800% to a record high of $0.76 in just six months.

狗狗币 (DOGE) 持续的价格走势反映了 2020 年的分形，其价格在短短六个月内飙升了 15,800% 以上，达到 0.76 美元的历史新高。

Dogecoin price trend in 2024 vs. 2021

2024 年与 2021 年狗狗币价格趋势

The Dogecoin chart fractal below highlights the similarities between DOGE's ongoing price performance and those recording after the completion of the 2018-2020 bear market.

下面的狗狗币图表分形突出了狗狗币当前价格表现与 2018-2020 年熊市结束后记录的价格表现之间的相似之处。

For instance, in 2018-2020, Dogecoin experienced a prolonged sideways movement within the $0.0012 to $0.0056 range. This phase occurred at the chart’s base levels, between the 0.236 and 0.0 Fibonacci retracement lines, underlining a period of relative market equilibrium with low volatility.

例如，在 2018 年至 2020 年，狗狗币经历了 0.0012 美元至 0.0056 美元范围内的长期横向波动。这一阶段发生在图表的基本水平，即 0.236 和 0.0 斐波那契回撤线之间，强调了波动性较低的相对市场平衡时期。

Mirroring the earlier consolidation pattern, Dogecoin has — once again — entered a consolidation phase, but at a higher price range between $0.055 and $0.181. Interestingly, these new bounds also align with the 0.236 and 0.0 Fib retracement levels, respectively.

与早期的盘整模式相呼应，狗狗币再次进入盘整阶段，但价格范围较高，介于 0.055 美元和 0.181 美元之间。有趣的是，这些新界限也分别与 0.236 和 0.0 Fib 回撤水平一致。

The current attempt to surpass the 0.236 Fibonacci threshold is akin to the breakout observed in the previous cycle, which may indicate a significant shift in market sentiment if the price sustains above this level, currently at $0.181.

当前试图超越 0.236 斐波那契阈值的尝试类似于上一个周期中观察到的突破，如果价格维持在该水平（目前为 0.181 美元）之上，这可能表明市场情绪发生重大转变。

Dogecoin fundamentals 2020 vs. 2024

2020 年与 2024 年狗狗币基本面对比

Fundamentals such as quantitative easing played a key role in sending Dogecoin prices up by more than 15,800% in 2020. Interestingly, the memecoin market is witnessing similar catalysts in 2024 as it attempts to break above its 0.236 Fib line resistance.

量化宽松等基本面因素在推动狗狗币价格在 2020 年上涨超过 15,800% 方面发挥了关键作用。有趣的是，memecoin 市场在 2024 年试图突破 0.236 斐波那契线阻力位时也见证了类似的催化剂。

Rate cuts potential in 2024

2024 年降息潜力

In 2020, Dogecoin's price surged past its 0.236 Fibonacci level, partly fueled by increased cash liquidity resulting from the U.S. Federal Reserve's policy of lowering interest rates.

2020 年，狗狗币的价格飙升至 0.236 斐波那契水平以上，部分原因是美联储降息政策导致现金流动性增加。

Likewise, Dogecoin's current efforts to breach the 0.236 Fibonacci threshold coincide with the anticipation of three potential interest rate cuts in 2024.

同样，狗狗币目前突破 0.236 斐波那契阈值的努力与 2024 年可能三次降息的预期不谋而合。

Altcoin boom after Bitcoin halving

比特币减半后山寨币繁荣

Dogecoin’s 2024 price trends draw further similarities from the 2020 fractal due to the occurrence of Bitcoin halving, events that halve the reward for mining new blocks.

由于比特币减半的发生，狗狗币 2024 年的价格趋势与 2020 年的分形更加相似，该事件使开采新区块的奖励减半。

Remarkably, following Bitcoin's third halving on July 11, 2020, Dogecoin's price surged by an astonishing 34,300%.

值得注意的是，在 2020 年 7 月 11 日比特币第三次减半之后，狗狗币的价格惊人地飙升了 34,300%。

Similarly, after Bitcoin's second halving, Dogecoin experienced a rally of over 6,350%, showcasing its potential for delivering high returns to investors seeking opportunities in alternative cryptocurrencies after halvings.

同样，在比特币第二次减半后，狗狗币的涨幅超过 6,350%，展示了其为在减半后寻求替代加密货币机会的投资者带来高回报的潜力。

Related: Bitcoin halving hype: How retail investors can prepare

相关：比特币减半炒作：散户投资者如何做好准备

Bitcoin’s fourth halving will happen around April 19-20, following which Dogecoin’s price may explode if the history is any indication.

比特币的第四次减半将于 4 月 19 日至 20 日左右发生，如果历史有任何迹象的话，狗狗币的价格可能会爆炸。

The return of Elon Musk

埃隆·马斯克回归

Elon Musk's active and public support of Dogecoin during 2020 and 2021 played a crucial role in its dramatic price increases while elevating its ranking among the top cryptocurrencies. Now, in 2024, the billionaire entrepreneur is eyeing a move toward integrating DOGE into mainstream platforms.

埃隆·马斯克 (Elon Musk) 在 2020 年和 2021 年期间对狗狗币的积极公开支持对其价格的大幅上涨发挥了至关重要的作用，同时提升了其在顶级加密货币中的排名。现在，到 2024 年，这位亿万富翁企业家正在考虑将 DOGE 整合到主流平台中。

For instance, on March 14, Musk said his electric vehicle company, Tesla, could add DOGE payments for purchasing cars at some point in the future.

例如，3 月 14 日，马斯克表示，他的电动汽车公司特斯拉可能会在未来某个时候为购买汽车添加 DOGE 付款。

Furthermore, Musk’s “everything app” X (previously known as Twitter) established an XPayments account for its forthcoming payment functionality. There’s a growing expectation that the X app will roll out in-app payment capabilities by mid-2024, which may include cryptocurrencies like Dogecoin.

此外，马斯克的“一切应用程序”X（以前称为 Twitter）为其即将推出的支付功能建立了一个 XPayments 帐户。人们越来越期望 X 应用程序将在 2024 年中期推出应用内支付功能，其中可能包括狗狗币等加密货币。

Dogecoin technical analysis

狗狗币技术分析

Technically, Dogecoin’s weekly relative strength index (RSI) has crossed above 70, an overbought zone, which raises its potential to enter a correction or consolidation phase in April.

从技术上讲，狗狗币的每周相对强弱指数（RSI）已突破 70，进入超买区域，这增加了其在 4 月份进入修正或盘整阶段的可能性。

Nonetheless, a clear breakout above the 0.236 Fib resistance could send DOGE's price toward the 0.382 Fib line at around $0.26 by April's end. That is up approximately 35% from current price levels.  

尽管如此，明确突破 0.236 Fib 阻力位可能会使 DOGE 的价格在 4 月底前升至 0.382 Fib 线，约为 0.26 美元。这比目前的价格水平上涨了约 35%。

Conversely, a decisive pullback from the 0.236 Fib line risks bringing Dogecoin's price toward its 50-week exponential moving average (50-week EMA; the red wave) at around $0.095, down about 48% from current prices.

相反，从 0.236 Fib 线果断回调可能会使狗狗币的价格接近 0.095 美元左右的 50 周指数移动平均线（50 周 EMA；红色波浪），比当前价格下跌约 48%。

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投资建议或建议。每一项投资和交易行为都涉及风险，读者在做出决定时应自行研究。