Dogecoin Exhibits Familiar Price Pattern, Fueling Breakout Speculation

狗狗币表现出熟悉的价格模式，加剧了突破性投机

Dogecoin (DOGE) is displaying a price pattern reminiscent of its behavior before its remarkable 8,000% surge in 2021, igniting speculation about another significant breakout in the coming weeks.

狗狗币 (DOGE) 显示的价格模式让人想起其在 2021 年大幅飙升 8,000% 之前的表现，引发了人们对未来几周内再次重大突破的猜测。

Consolidation Parallels 2021

2021 年整合平行

DOGE's price has witnessed a 480% rebound since its August 2024 lows, including a 220% rally following Donald Trump's presidential election victory in November. However, the cryptocurrency has since entered a consolidation period.

DOGE 的价格自 2024 年 8 月低点以来已经反弹 480%，其中在唐纳德·特朗普 11 月总统选举获胜后反弹了 220%。然而，加密货币此后进入了盘整期。

DOGE/USD Weekly Price Chart

DOGE/USD 每周价格图表

Source: TradingView

来源：TradingView

DOGE is currently trading within a narrow range of $0.39-$0.48, as marked by the red circles on the chart above. This consolidation mirrors the pattern observed in early 2021, when Dogecoin experienced a steep upward movement followed by a sideways trend prior to a significant breakout.

DOGE 目前在 0.39-0.48 美元的窄幅区间内交易，如上图红圈所示。这种盘整反映了 2021 年初观察到的模式，当时狗狗币经历了急剧的上涨走势，随后在大幅突破之前出现横盘趋势。

Weekly RSI Supports Bullish Outlook

每周 RSI 支持看涨前景

Another similarity between the 2021 and current price trends is the weekly relative strength index (RSI). As of December 2024, the weekly RSI has entered overbought territory above 70, typically signaling a price correction or prolonged consolidation. However, in 2021, similar overbought conditions preceded bullish continuation.

2021 年和当前价格趋势之间的另一个相似之处是每周相对强弱指数 (RSI)。截至 2024 年 12 月，每周 RSI 已进入 70 以上的超买区域，通常预示着价格调整或长期盘整。然而，2021 年，在看涨持续之前，出现了类似的超买状况。

If history repeats itself, DOGE could initially target $0.75 by January 2025, as indicated by Fibonacci retracement projections, representing an 85% price increase.

如果历史重演，DOGE 最初的目标可能是到 2025 年 1 月，如斐波那契回撤预测所示，价格上涨 85%，即 0.75 美元。

Source: X

来源：X

Whale Accumulation and Elon Musk's Influence

鲸鱼的积累和埃隆·马斯克的影响

On-chain data further supports the bullish outlook. Messari reports that addresses holding at least 1 million DOGE now possess a record-breaking 130.17 billion DOGE. The rising whale supply indicates growing confidence among major investors in Dogecoin's upward trajectory.

链上数据进一步支持了看涨前景。 Messari 报告称，持有至少 100 万个 DOGE 的地址目前拥有破纪录的 1301.7 亿个 DOGE。鲸鱼供应量的增加表明主要投资者对狗狗币上涨轨迹的信心不断增强。

DOGE Supply in Addresses with over 1 Million Tokens

DOGE 在超过 100 万个代币的地址中供应

Source: Messari

资料来源：梅萨里

A similar surge in whale-held DOGE was observed during the 2021 rally, with the count increasing from 110.31 billion to a peak of 112.46 billion.

在 2021 年的反弹期间，鲸鱼持有的 DOGE 也出现了类似的激增，数量从 1103.1 亿增加到峰值 1124.6 亿。

Elon Musk's impact on Dogecoin's performance continues to be significant. During the 2020-2021 rally, Musk's frequent tweets promoting the memecoin contributed heavily to its price surge. A comparable catalyst emerged recently with the launch of the humorously named Department of Government Efficiency (DOGE), which has sparked renewed speculative interest in DOGE.

埃隆·马斯克对狗狗币表现的影响仍然很大。在 2020-2021 年的上涨期间，马斯克频繁发布推文宣传模因币，对其价格飙升做出了重大贡献。最近，随着幽默地命名的政府效率部 (DOGE) 的成立，出现了类似的催化剂，这再次引发了人们对 DOGE 的投机兴趣。

Disclaimer: This article does not constitute investment advice or recommendations. All investments and trading involve risk, and individuals should conduct their own research before making any decisions.

免责声明：本文不构成投资建议或推荐。所有投资和交易都涉及风险，个人在做出任何决定之前应进行自己的研究。