• Dogecoin showed strong bullish intent on the price chart.

狗狗币在价格图表上显示出强烈的看涨意图。

• The lack of volume slightly dampened the buyer vigor.

成交量不足略微削弱了买家的活力。

Dogecoin [DOGE] witnessed a significant whale transaction on the 15th of February, but the price rebounded strongly after a minor dip. However, the bulls were unable to reclaim the 78.6% Fibonacci retracement level.

狗狗币[DOGE]在2月15日出现了大幅鲸鱼交易，但价格小幅下跌后强劲反弹。然而，多头未能收复 78.6% 斐波那契回撤位。

In other news, the meme coin managed to enter the top 10 cryptos by market capitalization for a brief window of time. However, Chainlink [LINK] was quick to flip DOGE at press time and push it downward to the 11th spot.

在其他消息中，迷因币在短时间内跻身市值前 10 名加密货币行列。然而，截至发稿时，Chainlink [LINK] 很快就翻转了 DOGE，并将其推至第 11 位。

Examining the Fibonacci levels alongside the structure

沿着结构检查斐波那契水平

Source: DOGE/USDT on TradingView

来源：TradingView 上的 DOGE/USDT

Based on the drop from $0.0944 to $0.075 in the first week of 2024, a set of Fibonacci retracement levels (pale yellow) were plotted. A bearish order block on the 12-hour chart at the $0.084 region was also highlighted in cyan.

根据 2024 年第一周从 0.0944 美元跌至 0.075 美元，绘制了一组斐波那契回撤水平（浅黄色）。 12 小时图表上位于 0.084 美元区域的看跌订单块也以青色突出显示。

Together, they underlined the strong resistance that has been present at the $0.083-$0.086 region. In the past few days, DOGE bulls were able to break out past it after more than a month of trying.

它们共同强调了 0.083-0.086 美元区域存在的强劲阻力。在过去的几天里，DOGE多头经过一个多月的努力终于能够突破它。

However, while the market structure and the momentum from the RSI signaled bullishness, caution was warranted. The OBV was yet to break out past the local highs set earlier this year. This meant that buying volume had been relatively weak despite the price gains.

然而，虽然市场结构和 RSI 的动力表明看涨，但仍需谨慎。 OBV 尚未突破今年早些时候创下的当地高点。这意味着尽管价格上涨，但购买量却相对疲软。

The 78.6% retracement level at $0.09 also forced a minor dip in the past 12 hours. Dogecoin was trading at $0.086 once more, and a retest of the former resistance zone indicated that this was a buying opportunity for the bulls. Or is it a rejection and the beginning of a downtrend?

0.09 美元的 78.6% 回撤位也迫使其在过去 12 小时内小幅下跌。狗狗币再次交易于 0.086 美元，对前阻力区的重新测试表明，这是多头的买入机会。或者是拒绝和下降趋势的开始？

Clearing some of the confusion around the price action

消除有关价格行为的一些混乱

Source: Santiment

资料来源：Santiment

Meme coin investments are wrought with risk. The weighted market sentiment has been negative since the final week of January, which meant that the market participants were not too keen on buying DOGE.

模因币投资是有风险的。自1月最后一周以来，加权市场情绪一直为负面，这意味着市场参与者不太热衷于购买DOGE。

However, the Open Interest rose steadily higher, which showed speculators were excited to bet on continued price gains. The active addresses also soared in recent days and could fuel demand for Dogecoin.

然而，未平仓合约稳步上升，这表明投机者对押注价格持续上涨感到兴奋。最近几天活跃地址也飙升，可能会刺激对狗狗币的需求。

Realistic or not, here’s DOGE’s market cap in BTC’s terms

不管现实与否，这是以 BTC 计算的 DOGE 市值

Putting all the information together, it appeared that buying Dogecoin was a safer bet than going short. The $0.0815-$0.083 represented a pocket of liquidity that could be swept before the rally continues.

综合所有信息，购买狗狗币似乎比做空更安全。 0.0815-0.083 美元代表了在反弹继续之前可能被扫除的一小部分流动性。

If the token prices fall below the $0.081 mark, traders could flip their bias bearishly. A drop below $0.0819 would flip the market structure bearishly as well.

如果代币价格跌破 0.081 美元大关，交易者可能会转向看跌。跌破 0.0819 美元也会使市场结构发生悲观变化。

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

免责声明：所提供的信息不构成金融、投资、交易或其他类型的建议，仅代表作者的意见。