Dogecoin (DOGE) skyrockets to new heights, marking the beginning of a parabolic rally. In just the past day, its trading volume has surged by an outstanding 203%, pushing its value to $0.127. This impressive increase cements Dogecoin’s position as the top performer among major digital assets, outpacing the competition in percentage gains. Surpassing its previous high in November 2022, the dog meme coin has now hit $0.12, sparking speculation among investors: could DOGE price soon reach the coveted $1 milestone? With market sentiment riding high and Dogecoin’s enduring popularity on full display, all eyes are on its next move.

狗狗币（DOGE）飙升至新的高度，标志着抛物线反弹的开始。就在过去一天，其交易量飙升了 203%，将其价值推至 0.127 美元。这一令人印象深刻的增长巩固了狗狗币作为主要数字资产中表现最佳的地位，在百分比增长方面超过了竞争对手。狗模因币超越了 2022 年 11 月的先前高点，现已触及 0.12 美元，引发投资者猜测：DOGE 价格能否很快达到令人垂涎的 1 美元里程碑？随着市场情绪高涨，狗狗币的持久受欢迎程度得到充分体现，所有人的目光都集中在它的下一步行动上。

DOGE Price Market Performance Overview

DOGE 价格市场表现概览

DOGE 价格市场表现概览图

As of the latest update, Dogecoin price is currently trading at $0.1272, fluctuating between a low of $0.09701 and a high of $0.1344. Over the past day, its price has surged by an impressive 29.27%, with a notable 49.65% increase over the last week. Year-to-date, DOGE has seen a remarkable uptick of 57.12%. Despite achieving its all-time high on May 08, 2021, which marked an 82.86% decrease compared to its current value, Dogecoin remains resilient in the market. 

截至最新更新，狗狗币价格目前交易价格为 0.1272 美元，在低点 0.09701 美元和高点 0.1344 美元之间波动。在过去的一天里，其价格飙升了 29.27%，令人印象深刻，上周涨幅高达 49.65%。今年迄今为止，DOGE 的涨幅达到了 57.12%。尽管狗狗币于 2021 年 5 月 8 日创下历史新高，较当前价值下跌 82.86%，但狗狗币在市场上仍然保持弹性。

Rising from the 10th to the 9th position on CoinMarketCap, DOGE now boasts a market capitalization of $18.31 billion. Within just 24 hours, its trading volume skyrocketed by 203.85%, reaching $5.7 million. With a circulating supply of 143.27 billion DOGE, Dogecoin continues to make waves in the cryptocurrency space.

DOGE 在 CoinMarketCap 上的排名从第 10 位上升至第 9 位，目前市值达到 183.1 亿美元。短短24小时内，其交易量飙升203.85%，达到570万美元。狗狗币的流通量为 1,432.7 亿 DOGE，继续在加密货币领域掀起波澜。

Dogecoin’s market performance demonstrates growing investor confidence and interest in the meme coin. Its price surge aligns with a broader trend of meme coin frenzy sweeping the market, including Pepe (PEPE), Bonk (BONK), and Dogwifhat (WIF).

狗狗币的市场表现表明投资者对模因币的信心和兴趣不断增长。其价格飙升与席卷市场的模因币狂热趋势一致，包括 Pepe (PEPE)、Bonk (BONK) 和 Dogwifhat (WIF)。

Why is the DOGE Price Rising?

DOGE价格为何上涨？

There are several reasons why price is pumping for DOGE. First, Dogecoin has garnered significant attention as two large whale transactions accumulated over 270 million DOGE, sparking global curiosity and contributing to a bullish climate. The Dogecoin whales accumulation spree, particularly from Robinhood, prompted a surge in Dogecoin’s price by 29.27% as of press time. 

DOGE 价格上涨有几个原因。首先，狗狗币引起了广泛关注，两次大型鲸鱼交易累计超过 2.7 亿枚 DOGE，激发了全球的好奇心并促成了看涨气氛。截至发稿时，狗狗币鲸鱼的囤积热潮，尤其是 Robinhood 的囤积，促使狗狗币的价格飙升了 29.27%。

Derivative data also indicated an uptrend, aligning with the whale accumulations. These massive accumulations typically lead to reduced supply and increased prices, signalling bullish sentiment for Dogecoin. 

衍生品数据也显示出上升趋势，与鲸鱼的积累一致。这些大量积累通常会导致供应减少和价格上涨，表明狗狗币的看涨情绪。

The recent pump contrasts with the meme coin’s sluggish performance in the past, suggesting renewed interest and potential for further gains. With an increase in market cap and trading volume, along with a surge in open interest and volume, Dogecoin’s bullish market sentiment may propel it toward the $1 mark, especially with speculation about a potential partnership with Ferrari adding to the excitement. The rise was also fuelled by  the overall market rally led by Bitcoin surge, which recently crossed the coveted $60,000 mark. 

最近的上涨与模因币过去的低迷表现形成鲜明对比，表明人们重新燃起兴趣并有进一步上涨的潜力。随着市值和交易量的增加，以及未平仓合约和交易量的激增，狗狗币的看涨市场情绪可能会将其推向 1 美元大关，尤其是有关与法拉利潜在合作伙伴关系的猜测更加令人兴奋。比特币飙升带动的整体市场反弹也推动了这一上涨，比特币最近突破了令人垂涎的 60,000 美元大关。

Price Forecast: Will DOGE Price Reach $1?

价格预测：DOGE 价格会达到 1 美元吗？

Based on the technical analysis, Dogecoin is currently trading at $0.12, and the data suggests a mixed sentiment with some indicators pointing towards bullish momentum and others indicating potential overbought conditions. 

根据技术分析，狗狗币目前的交易价格为 0.12 美元，数据显示市场情绪参差不齐，一些指标指向看涨势头，而另一些指标则表明潜在的超买状况。

DOGE faces resistance levels at $0.09071, $0.10268, and $0.12294. Breaking through these resistance levels and sustaining bullish momentum will be crucial for Dogecoin to reach $1. While the MACD indicator supports the bullish outlook, caution is warranted due to potential overbought conditions indicated by other indicators. 

DOGE 面临的阻力位为 0.09071 美元、0.10268 美元和 0.12294 美元。突破这些阻力位并维持看涨势头对于狗狗币达到 1 美元至关重要。尽管 MACD 指标支持看涨前景，但由于其他指标表明存在潜在超买状况，因此仍需谨慎。

The expected rise of DOGE above $1 offers an exciting opportunity. Experts attribute this positive outlook to several factors. First, Dogecoin’s dedicated community has a significant impact on market sentiment, which is crucial for the success of any cryptocurrency. Additionally, strategic improvements and growing acceptance as a payment method would drive DOGE towards its growth.

DOGE 的预期升值超过 1 美元提供了一个令人兴奋的机会。专家将这种积极的前景归因于几个因素。首先，狗狗币的专业社区对市场情绪具有重大影响，这对于任何加密货币的成功都至关重要。此外，战略改进和作为支付方式的日益接受将推动 DOGE 的发展。

Cryptocurrency analysts anticipate that by the end of June 2024, the average price of Dogecoin is expected to be around $0.1983, with a projected price of approximately $0.34 by the end of 2024, and $1.05 by the year 2026. These predictions are contingent upon the escalation of the fear of missing out (FOMO) phenomenon surrounding Dogecoin and the coin’s continued promotion by influencers.

加密货币分析师预计，到 2024 年 6 月底，狗狗币的平均价格预计将在 0.1983 美元左右，到 2024 年底预计价格约为 0.34 美元，到 2026 年将达到 1.05 美元。这些预测取决于事态升级围绕狗狗币的“害怕错过”（FOMO）现象以及影响者对狗狗币的持续推广。

Investors should monitor price movements closely and consider other factors such as market sentiment and news developments before making investment decisions.

投资者在做出投资决定之前应密切关注价格走势，并考虑市场情绪和新闻动态等其他因素。