The king of meme coins had lost the support level of $0.06 with the recent BTC drop. And it went deeper. Holding meme coins for the long term is much riskier for investors. Levels that Dogecoin (DOGE) investors should also worry about are approaching. So, what is the current situation? Will investors see a recovery after the excessive selling?

随着最近 BTC 的下跌，模因币之王已经失去了 0.06 美元的支撑位。而且它变得更深了。对于投资者来说，长期持有模因币的风险要大得多。狗狗币（DOGE）投资者也应该担心的水平正在接近。那么，目前的情况如何呢？过度抛售后投资者会看到复苏吗？

Dogecoin (DOGE)

狗狗币 (DOGE)

The DOGE price has been melting due to miner sales. We saw that the support at $0.06 was lost with the relaxation of the support on the futures side. On the daily chart, the DOGE price traded above the $0.06 horizontal support area since June. The DOGE price also followed a decreasing resistance trend line. When these come together, a descending triangle, which is considered a bearish formation, is formed.

由于矿工抛售，DOGE 价格一直在下跌。我们看到，随着期货方面支撑的放松，0.06 美元的支撑已经失去。日线图上，DOGE 价格自 6 月以来一直交投于 0.06 美元水平支撑区域上方。 DOGE 价格也遵循下降的阻力趋势线。当它们结合在一起时，就会形成一个下降三角形，被认为是看跌形态。

On October 9, the Dogecoin price lost its support zone. Now, the DOGE price is trading within the horizontal area and the decreasing resistance trend line. The critical support level had remained intact for 85 days before the breakdown.

10 月 9 日，狗狗币价格失去了支撑区域。现在，DOGE 价格在水平区域和下降阻力趋势线内交易。在崩溃之前的 85 天里，关键支撑位一直保持完好。

DOGE Price Predictions

DOGE 价格预测

The direction is still uncertain on the daily chart. To see a reversal in the trend and a recovery in the DOGE price, two things are needed. Firstly, we need to see a close above the decreasing resistance trend line. Secondly, it will be confirmed by the RSI rising above the neutral zone again.

日线图上的方向仍然不确定。要看到趋势逆转和 DOGE 价格回升，需要满足两件事。首先，我们需要看到收盘价位于下降阻力趋势线上方。其次，RSI再次升至中性区之上将得到证实。

If these two important thresholds are surpassed, the DOGE price can target the $0.07 resistance above $0.06. This means an approximate 20% price increase. A price analysis shared by EfloudTheSurfer also suggests a similar view.

如果超过这两个重要阈值，DOGE 价格可能会瞄准 0.06 美元上方的 0.07 美元阻力位。这意味着价格上涨约 20%。 EfloudTheSurfer 分享的价格分析也提出了类似的观点。

The Fibonacci retracement theory suggests that after a significant drop, a deeper bottom could be formed before a recovery. The most suitable level for a potential bottom could be $0.048. Accordingly, the DOGE price forecast indicates that the next support level can be tested unless there are closures above $0.06.

斐波那契回撤理论表明，在大幅下跌之后，在复苏之前可能会形成更深的底部。最合适的潜在底部水平可能是 0.048 美元。因此，DOGE 价格预测表明，除非收盘价高于 0.06 美元，否则可以测试下一个支撑位。

At the time of writing, DOGE is at $0.0586, and for bulls to regain support, BTC needs to make closures above $28,500 to support altcoins. However, BTC is currently at $28,350. Apart from the surprise crypto purchase in Tesla’s balance sheet in the evening, there doesn’t seem to be a short-term trigger that could push the price up.

截至撰写本文时，DOGE 价格为 0.0586 美元，为了让多头重新获得支撑，BTC 需要收盘价高于 28,500 美元才能支撑山寨币。然而，BTC 目前价格为 28,350 美元。除了晚间特斯拉资产负债表中意外购买加密货币之外，似乎没有任何短期触发因素可以推高价格。

继续阅读：https://en.coin-turk.com/will-dogecoin-doge-rise-predictions-for-doge-price-direction/