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The fallen king of meme coins yearns for its former glory but fails to attract the desired trading volume, resulting in weak price performance. Influenced by Bitcoin‘s downturn, the price has once again dropped to the $0.08 region. The ease with which hard-won resistance levels are lost is also due to relentless miner selling. So, why is this week critical for Dogecoin?
没落的模因币之王渴望昔日的辉煌,却未能吸引到理想的交易量,导致价格表现疲软。受比特币低迷影响,价格再次跌至0.08美元区域。来之不易的阻力位如此轻易地被打破也是由于矿商的无情抛售所致。那么,为什么本周对于狗狗币来说至关重要?
Dogecoin (DOGE) Commentary
狗狗币 (DOGE) 评论
Weekly chart readings for DOGE indicate that the price has remained below the decreasing resistance line since October 2022. After hitting a new low in June 2023, the price has somewhat recovered due to the overall market sentiment improvement. DOGE set its annual peak on December 11 at $0.107 but has not yet returned to that level.
DOGE 的周线图显示,自 2022 年 10 月以来,价格一直保持在下降阻力线下方。在 2023 年 6 月触及新低后,由于整体市场情绪改善,价格有所回升。 DOGE 在 12 月 11 日创下年度峰值 0.107 美元,但尚未回到该水平。
The weekly RSI dropped back to the neutral zone while testing the price resistance trend line but has since recovered slightly. As we mentioned in our weekend on-chain analysis, miner selling continues, which has been reinforcing resistance levels for a long time.
周相对强弱指数在测试价格阻力趋势线时回落至中性区域,但此后略有回升。正如我们在周末链上分析中提到的,矿商抛售仍在继续,这长期以来一直在强化阻力位。
Moreover, the absence of the Elon Musk factor is contributing to the community’s lack of enthusiasm. Under current conditions, the weekly outlook is close to negative.
此外,埃隆·马斯克因素的缺失也导致了社区缺乏热情。在目前情况下,每周前景接近负面。
DOGE Price Prediction
DOGE价格预测
The daily chart offers a clearer negative reading. DOGE price has been trading within a rising parallel channel on the daily chart since June 2023. Although it broke in December, the price tested the resistance trend line twice. However, the upward expectation has significantly weakened due to the price’s retreat within the channel at the start of 2024.
日线图提供了更清晰的负面读数。自2023年6月以来,DOGE价格一直在日线图上的上升平行通道内交易。虽然在12月突破,但价格两次测试阻力趋势线。然而,由于2024年初价格在通道内回落,上行预期明显减弱。
ETF excitement drawing attention to BTC and the market-shaking Matrixport report at the beginning of January were factors feeding this negativity. Moreover, Elon Musk repeatedly emphasized his disregard for cryptocurrencies after a few weeks.
ETF 的兴奋吸引了人们对 BTC 的关注,以及 1 月初震撼市场的 Matrixport 报告是加剧这种负面情绪的因素。此外,埃隆·马斯克在几周后反复强调他对加密货币的漠视。
Now, we must set aside all these bearish predictions and listen to popular crypto analyst WorldOfCharts. According to him, despite the negativity, DOGE price could experience a noteworthy rise this week.
现在,我们必须抛开所有这些悲观预测,并聆听流行的加密货币分析师 WorldOfCharts 的意见。他表示,尽管存在负面影响,但 DOGE 价格本周可能会出现显着上涨。
“It’s consolidating in a bull flag and I expect a successful breakout soon, potentially reaching 50.”
“它正在牛市旗形中盘整,我预计很快就会成功突破,有可能达到 50。”
In conclusion, we should see a significant technical breakout this week. A break from the channel could initiate a move to the next resistance at $0.115, but in the reverse scenario, we could see a drop to $0.062.
总之,本周我们应该会看到重大的技术突破。突破该通道可能会引发下一个阻力位 0.115 美元,但在相反的情况下,我们可能会看到跌至 0.062 美元。
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