The Dogecoin (DOGE) price has decreased since its 2023 high of $0.107 on December 11.

狗狗币 (DOGE) 的价格自 12 月 11 日触及 0.107 美元的 2023 年高点以来已经下跌。

DOGE is approaching the end of a short-term pattern. Will the price break down from it, or can it begin a reversal?

DOGE 即将结束短期模式。价格会因此下跌，还是会开始反转？

Dogecoin Consolidates Inside Channel

狗狗币巩固内部渠道

The technical analysis of the daily time frame shows that DOGE has traded inside an ascending parallel channel since June 2023. The upward movement culminated with a 2023 high of $0.107 in December.

每日时间框架的技术分析显示，自 2023 年 6 月以来，DOGE 一直在上升平行通道内交易。上涨趋势在 12 月达到 2023 年高点 0.107 美元达到顶峰。

The Dogecoin price has decreased since. While initially it bounced at the channel’s resistance trend line, it fell inside it in January 2024, validating it as resistance twice (red icons). DOGE now trades close to the channel’s midline.

此后，狗狗币的价格有所下降。虽然最初它在该通道的阻力趋势线处反弹，但在 2024 年 1 月跌入该通道内，两次验证其为阻力位（红色图标）。 DOGE 目前交易价格接近通道中线。

DOGE/USDT 每日图表。来源：TradingView

The daily Relative Strength Index (RSI) gives a mixed reading. Traders utilize the RSI as a momentum indicator to assess whether a market is overbought or oversold and whether to accumulate or sell an asset.

每日相对强度指数 (RSI) 的读数好坏参半。交易者利用 RSI 作为动量指标来评估市场是否超买或超卖以及是否积累或出售资产。

If the RSI reading is above 50 and the trend is upward, bulls still have an advantage, but if the reading is below 50, the opposite is true. While the indicator increases, it trades below 50 (red circle), indicating a mixed trend.

如果RSI读数高于50并且趋势向上，多头仍然具有优势，但如果读数低于50，则相反。虽然该指标有所上升，但交易价格低于 50（红色圆圈），表明趋势喜忧参半。

DOGE Price Prediction: Will Breakdown Occur?

DOGE价格预测：会发生崩盘吗？

The technical analysis of the six-hour time frame gives a bearish outlook because of the Dogecoin price action. The movement since December 2023 resembles a descending triangle, considered a bearish pattern.

由于狗狗币的价格走势，六小时时间框架的技术分析给出了看跌的前景。自 2023 年 12 月以来的走势类似于下降三角形，被认为是看跌模式。

It is worth mentioning that despite the decline, there has been a significant expansion in Dogecoin wallets. More specifically, Dogecoin has seen 413,800 new wallets enter the network in the last two weeks.

值得一提的是，尽管狗狗币钱包有所下降，但狗狗币钱包却出现了显着扩张。更具体地说，过去两周内已有 413,800 个新钱包进入狗狗币网络。

DOGE is approaching the end of the pattern, so a decisive movement is expected to occur soon.

DOGE 正接近该形态的终点，因此预计很快就会出现决定性的走势。

The six-hour RSI does not confirm the trend’s direction since the indicator is exactly at 50. If the DOGE price breaks down from the triangle, it can fall 27% to the closest support area at $0.058.

六小时 RSI 并不能确认趋势方向，因为该指标恰好位于 50。如果 DOGE 价格从三角形跌破，它可能会下跌 27% 至最近的支撑区域 0.058 美元。

DOGE/USDT 六小时图。来源：TradingView

Despite the bearish Dogecoin price prediction, a breakout from the resistance trend line can initiate a 12% upward movement to the next closest resistance at $0.088.

尽管狗狗币价格预测看跌，但突破阻力趋势线可能会引发 12% 的上涨，到达下一个最接近的阻力位 0.088 美元。

For BeInCrypto‘s latest crypto market analysis, click here

如需 BeInCrypto 的最新加密货币市场分析，请点击此处