Dogecoin Maintains Momentum Above Critical Support
Dogecoin在关键的支持下保持动力
Dogecoin's price has exhibited resilience, staying above the Volume-Weighted Average Price (VWAP) from its previous cycle high. If support holds, it could potentially ascend towards the $0.30 resistance.
Dogecoin的价格表现出了韧性,从其以前的周期高的量高于体积加权的平均价格(VWAP)。如果支持持有,它可能会登上0.30美元的电阻。
Crypto analyst Cantonese_Cat (@cantonmeow) observed the weekly chart, noting that DOGE is currently trading at $0.2589, representing a 3.98% increase. The VWAP from Dogecoin's 2021 all-time high has emerged as a robust support level, indicating historical price patterns are influencing its current behavior.
加密分析师Cantonese_cat(@CantonMeow)观察到了每周图表,并指出Doge目前的交易价格为0.2589美元,增长了3.98%。 Dogecoin 2021年历史最高水平的VWAP已成为强大的支持水平,表明历史价格模式正在影响其当前行为。
Examining the chart reveals that Dogecoin briefly dipped below the VWAP but swiftly reclaimed it, demonstrating its significance as a dynamic support level. Maintaining this support could be a positive indicator, suggesting a possible continuation of the prevailing uptrend. With sustained support at this level, traders could anticipate further price appreciation, with DOGE targeting the $0.30 resistance zone shortly.
检查图表表明,Dogecoin短暂地浸入VWAP以下,但迅速回收了它,表明其作为动态支撑水平的意义。维持此支持可能是一个积极的指标,这表明可能会延续普遍的上升趋势。在此级别的持续支持下,交易者可以预期进一步的价格赞赏,而Doge不久将以0.30美元的态度针对$ 0.30。
Price Action Hints at Accumulation near Key Levels
价格动作暗示着接近关键水平的积累
Historically, the VWAP from previous cycle highs has acted as a magnet for price consolidation, often leading to substantial upward movements when broken out. The current chart structure of DOGE suggests accumulation, as price action remains well-supported despite the recent pullback. If DOGE sustains its strength above this level, it could confirm a retest and resumption of its bullish trajectory.
从历史上看,先前周期高点的VWAP充当价格合并的磁铁,通常会导致折断时大量向上移动。目前,Doge的图表结构表明积累,尽管价格动作仍然有充分的支持,尽管最近有回调。如果Doge保持其强度高于此水平,则可以确认其看涨轨迹的重新测试和恢复。
However, a decisive break below VWAP could expose Dogecoin to further downside risks, with potential support near $0.20 serving as the next safety net. Traders will closely monitor whether buying pressure can sustain DOGE's position above VWAP, as failure to hold could result in increased volatility.
但是,在VWAP以下的决定性突破可能会使Dogecoin面临进一步的下行风险,潜在的支持接近0.20美元,作为下一个安全网。交易者将密切监视购买压力是否可以维持Doge在VWAP上方的位置,因为不举行可能会增加波动性。
Bulls and Bears Vie for Control
公牛和熊争夺控制
With Dogecoin reclaiming the VWAP from its last cycle high, traders are divided on its ability to maintain momentum. If buying interest persists, DOGE could challenge the $0.30 resistance, a level that has historically triggered strong reactions. Conversely, if sellers prevail, a drop below VWAP could shift sentiment in favor of the bears, bringing lower support levels into focus.
随着Dogecoin从最后一个周期中回收VWAP,交易者的维持能力就会分配。如果购买兴趣仍然存在,Doge可能会挑战0.30美元的抵抗力,这一水平在历史上引发了强烈的反应。相反,如果卖方占上风,那么VWAP以下的下降可能会转移情绪,而转向熊队,从而使较低的支撑水平成为焦点。
Presently, DOGE's ability to remain above VWAP is a critical battleground, and traders should monitor volume inflows for confirmation of strength. If demand continues to rise, Dogecoin may be preparing for a new rally. However, if weakness surfaces, a more significant correction could be looming.
目前,Doge保持在VWAP之上的能力是一个关键的战场,交易者应监视数量流入以确认力量。如果需求继续增加,Dogecoin可能正在为新的集会做准备。但是,如果弱点表面,更明显的校正可能会迫在眉睫。
Tags:
Altcoin, Crypto market, Cryptocurrency, Dogecoin
标签:Altcoin,加密市场,加密货币,Dogecoin