Cover image source: U.Today

封面图片来源：U.Today

Dogecoin's Bullish Wedge Pattern

狗狗币的看涨楔形形态

In recent weeks, Dogecoin (DOGE) has been gaining attention due to a bullish falling wedge pattern on its price chart. Since reaching its yearly high of $0.2288 in March, DOGE has lost over 62%. However, the downtrend appears to have halted in early September at $0.8893.

最近几周，狗狗币（DOGE）因其价格图表上的看涨下降楔形模式而受到关注。自 3 月份触及 0.2288 美元的年度高点以来，DOGE 已下跌超过 62%。然而，下降趋势似乎在 9 月初停止于 0.8893 美元。

During its decline, DOGE formed a bullish wedge pattern, creating a range with significant resistance and support levels. Two previous attempts to break out of this pattern in May and July failed. This month, DOGE made another attempt, which initially seemed promising.

在下跌过程中，DOGE 形成了看涨楔形形态，形成了一个具有显着阻力位和支撑位的区间。此前五月和七月两次试图打破这种模式的尝试均以失败告终。本月，DOGE 进行了另一次尝试，最初看起来很有希望。

Source: TradingView

来源：TradingView

However, the breakout was met with resistance, resulting in a 3.2% drop in DOGE's price.

然而，突破遇到阻力，导致 DOGE 价格下跌 3.2%。

Analysis

分析

While it is not unusual for a resistance level to be tested multiple times, it is crucial for Dogecoin bulls to demonstrate a strong willingness to break out of the wedge pattern. A successful breakout could lead to a significant rally for the popular meme coin.

虽然多次测试阻力位并不罕见，但对于狗狗币多头来说，表现出突破楔形形态的强烈意愿至关重要。成功的突破可能会导致流行的模因币大幅上涨。

On the other hand, if the resistance holds, Dogecoin may continue to trade within the wedge pattern until a clear breakout occurs.

另一方面，如果阻力位保持不变，狗狗币可能会继续在楔形形态内交易，直到出现明显突破。