Dogecoin (DOGE) is currently trading within a bullish pattern; however, confirmation requires bullish cues to validate it. Investor sentiment and behavior currently hinder this validation.

狗狗币（DOGE）目前处于看涨模式；然而，确认需要看涨线索来验证。目前投资者的情绪和行为阻碍了这种验证。

Investor Sentiment Dampens Outlook

投资者情绪削弱前景

Dogecoin's price may decline further as the distribution of its supply shifts. Mid- and long-term holders are transitioning to short-term holders, raising concerns about price stability. In the past month, short-term DOGE holdings have increased significantly, indicating increased volatility potential.

随着供应分布的变化，狗狗币的价格可能会进一步下跌。中长期持有者正在向短期持有者过渡，引发了人们对价格稳定的担忧。过去一个月，短期DOGE持有量大幅增加，表明波动潜力增加。

Short-term holders typically sell their assets within a month, exacerbating potential bearish conditions. Additionally, investor sentiment has remained negative for nearly three months, reflecting caution and pessimism, further reducing the likelihood of a DOGE price recovery.

短期持有者通常会在一个月内出售资产，从而加剧潜在的看跌状况。此外，投资者情绪近三个月来一直保持负面，反映出谨慎和悲观情绪，进一步降低了 DOGE 价格复苏的可能性。

Price Prediction: Breaking the Pattern

价格预测：打破模式

Dogecoin's price is forming a descending wedge at $0.124, typically indicating a potential upward breakout. To confirm this pattern, DOGE must break through the resistance at $0.128, which it has faced difficulties with in the past.

狗狗币的价格在 0.124 美元处形成下降楔形，通常表明潜在的向上突破。为了确认这一模式，DOGE 必须突破 0.128 美元的阻力位，而该阻力位在过去曾遇到过困难。

While the pattern suggests a potential rally to $0.300, this would require a breakout. The lack of bullish sentiment from investors may delay this breakout, resulting in a failed breach of the upper trend line or consolidation between $0.128 and $0.116.

虽然该模式表明可能反弹至 0.300 美元，但这需要突破。投资者缺乏看涨情绪可能会延迟这一突破，导致未能突破上方趋势线或在 0.128 美元至 0.116 美元之间盘整。

If bearishness intensifies, Dogecoin's price could drop below $0.105, invalidating the bullish thesis and falling wedge pattern.

如果看跌情绪加剧，狗狗币的价格可能会跌破 0.105 美元，从而使看涨论点和下降楔形模式失效。