Dogecoin Faces Short-Term Correction After Rally

狗狗币反弹后面临短期回调

Following a significant surge over the past five weeks, Dogecoin ($DOGE) has faced a short-term correction after encountering resistance at around 43 cents. The meme coin, with a valuation of approximately $54 billion and a daily trading volume of $15.3 billion, has formed a potential reversal pattern in its four-hour chart.

在过去五周大幅上涨之后，狗狗币 ($DOGE) 在遇到 43 美分左右的阻力后面临短期回调。这款估值约为 540 亿美元、日交易量为 153 亿美元的 meme 币在其四小时图表中已形成潜在的反转模式。

Technical Analysis

技术分析

Rejection from the 43-cent resistance level twice in recent days has led to a double top formation, accompanied by a bearish divergence on the Relative Strength Index (RSI).

最近几天两次拒绝 43 美分阻力位导致形成双顶，同时相对强弱指数 (RSI) 出现看跌背离。

Bullish Sentiment

看涨情绪

Despite the correction, Dogecoin's long-term outlook remains bullish. The macro trend indicates a potential entry into the bull market cycle of 2024/2025, with the coin forming higher highs and higher lows in the weekly timeframe since October 2023.

尽管进行了调整，狗狗币的长期前景仍然看涨。宏观趋势表明，该货币可能进入 2024/2025 年的牛市周期，自 2023 年 10 月以来，该货币在每周时间范围内形成更高的高点和更高的低点。

Support and Resistance

支撑与阻力

In the shorter timeframes, Dogecoin has established support above 35 cents, providing a potential launchpad for a rally towards 90 cents. However, if the 35-cent support is breached, the price may find support between 30 and 26 cents.

在较短的时间内，狗狗币已经在 35 美分上方建立了支撑，为反弹至 90 美分提供了潜在的启动平台。然而，如果35美分的支撑位被突破，价格可能会在30至26美分之间找到支撑位。

Whale Activity

鲸鱼活动

The Dogecoin network has attracted significant investor interest, with over 5.3 million on-chain holders. Elon Musk's continued support has contributed to the meme coin's popularity among whale investors.

狗狗币网络吸引了投资者的极大兴趣，链上持有者超过 530 万。埃隆·马斯克的持续支持促进了模因币在鲸鱼投资者中的受欢迎。

According to Santiment, Dogecoin whales have purchased 140 million DOGE units, valued at over $56 million, in the past 24 hours, indicating their confidence in the asset's long-term potential.

据 Santiment 称，狗狗币鲸鱼在过去 24 小时内购买了 1.4 亿个 DOGE 单位，价值超过 5600 万美元，这表明他们对该资产的长期潜力充满信心。