Dogecoin Price Analysis: On Saturday, the cryptocurrency market traded relatively stable despite the successful execution of the fourth bitcoin halving. This consolidation trend for a majority of major coins including Dogecoin continues, reflecting no clear dominance from buyers to sellers. However, the DOGE price holding its ground above the 50% retracement level indicates the broader trend on this asset remains bullish.

狗狗币价格分析：周六，尽管第四次比特币减半成功执行，但加密货币市场交易相对稳定。包括狗狗币在内的大多数主要代币的整合趋势仍在继续，反映出买家和卖家之间没有明显的主导地位。然而，DOGE 价格坚守在 50% 回撤位上方，表明该资产的整体趋势仍然看涨。

Also Read: 6 Expert Picked Crypto To Buy On The Cusp Of 2024 Bitcoin Halving

另请阅读：6 位专家选择在 2024 年比特币减半之际购买加密货币

How 50% Fibonacci Level is Shaping Dogecoin’s Market Strategy

50% 斐波那契水平如何塑造狗狗币的市场策略

The Dogecoin price has been under an active correction trend for the past three weeks highlighted by a downsloping trendline in the daily chart. The bearish downturn initiated from the $0.228 high tumbled the ADA’s value to a low of $0.13 registering a 43% fall.

过去三周，狗狗币的价格一直处于积极的修正趋势中，日线图表中的下降趋势线凸显了这一点。从 0.228 美元的高点开始的看跌低迷使 ADA 的价值暴跌至 0.13 美元的低点，跌幅为 43%。

However, with the Bitcoin price showcasing sustainability above the $60000 psychological level, the Dogecoin price rebounded above 50% Fibonacci retracement level at $0.143. In theory, this FIB level stands as a crucial support level for buyers to replenish bullish momentum amid major market correction.

然而，随着比特币价格在 60000 美元心理水平之上展现出可持续性，狗狗币价格反弹至 0.143 美元的 50% 斐波那契回撤位上方。理论上，该FIB水平是买家在市场重大调整期间补充看涨动能的关键支撑位。

The DOGE price has displayed multiple lower-price rejection candles at the $0.143 level for more than a week, signaling that buyers are actively protecting this support. If the anticipated post-halving rally uplifts the altcoin market, the Doge price is well positioned for a bullish reversal.

一周多来，DOGE 价格在 0.143 美元的水平上出现了多个较低价格的拒绝蜡烛，表明买家正在积极保护这一支撑位。如果预期的减半后反弹会提振山寨币市场，那么 Doge 价格将处于看涨逆转的有利位置。

The renewed recovery from 50% retracement will bolster buyers to rechallenge the overhead resistance trendline. This breakout will signal the continuation of the prevailing rally to propel the DOGE price to $0.22, facing in-between resistance at $0.2.

从 50% 回撤位重新复苏将推动买家重新挑战上方阻力趋势线。此次突破将标志着当前反弹的持续，将推动 DOGE 价格升至 0.22 美元，面临 0.2 美元的中间阻力。

Technical Indicator

技术指标

• Exponential Moving Average: An analysis of the daily chart shows the 50- and 100-day EMA acts as dynamic resistance and support for the DOGE price currently in consolidation.

指数移动平均线：日线图分析显示，50 日和 100 日 EMA 充当当前盘整中 DOGE 价格的动态阻力和支撑。

• Moving Average Convergence Divergence: The MACD (blue line) and the signal line (orange) have undergone a significant bearish crossover, with no indications of an imminent bullish reversal as of yet.

移动平均线收敛背离：MACD（蓝线）和信号线（橙色）已经经历了显着的看跌交叉，目前还没有迹象表明即将出现看涨逆转。

The post Dogecoin Price Analysis: Key Support Level to Watch Post-Bitcoin Halving appeared first on CoinGape.

狗狗币价格分析：比特币减半后观察的关键支撑位首先出现在 CoinGape 上。