Dogecoin Price Analysis: The second largest meme cryptocurrency Dogecoin has been under a correction trend for over two years and witnessed a drop from $0.228 to $0.17 registering a 28.35% loss. Amid the broader market correction, this asset has showcased a lower high formation in daily charts indicating an early sign of market sentiment shifting from buying on dips to selling on bounces. Is there an opportunity for buyers to counterattack?

狗狗币价格分析：第二大模因加密货币狗狗币已经经历了两年多的调整趋势，从 0.228 美元跌至 0.17 美元，跌幅达 28.35%。在更广泛的市场调整中，该资产在日线图上显示出较低的高位形态，表明市场情绪从逢低买入转向反弹卖出的早期迹象。买家还有反击的机会吗？

Also Read: 6 Meme Coins Crypto To Avoid Until After Halving

另请阅读：减半前应避免使用的 6 种 Meme 币

Will Dogecoin Price Reclaim $0.2?

狗狗币价格会回升 0.2 美元吗？

The prevailing mid-term outlook for Dogecoin remains positive, tracking along an upward trendline that offers a solid foundation for bulls to possibly mount a comeback. The recent dip in the market saw Dogecoin’s value retract to $0.173, yet it’s still positioned above a pivotal support blend, incorporating the ascending trendline, the 38.2% Fibonacci retracement level, and the 50-day Exponential Moving Average (EMA) curve. 

狗狗币的普遍中期前景仍然乐观，沿着上升趋势线前进，为多头可能卷土重来提供了坚实的基础。最近的市场下跌导致狗狗币的价值回落至 0.173 美元，但它仍然位于关键支撑位之上，包括上升趋势线、38.2% 斐波那契回撤位和 50 天指数移动平均线 (EMA) 曲线。

This triple confluence of support zones is a hotspot for buyers, potentially preventing a more extended decline and possibly igniting a rally that could retest resistance levels at $0.2, with sights on an ascent to $0.229.

这个支撑区的三重汇合是买家的热点，可能会阻止更长时间的下跌，并可能引发反弹，重新测试 0.2 美元的阻力位，并有望升至 0.229 美元。

This confluence of support creates a high area of interest for buyers to prevent prolonged downfall. Sustaining this support will rebound the DOGE price high and rechallenge the overhead resistance at $0.2, followed by $0.229.

这种支撑的汇合引起了买家的高度兴趣，以防止长期下跌。维持这一支撑将使 DOGE 价格反弹至高位，并重新挑战上方阻力位 0.2 美元，随后是 0.229 美元。

Also Read: Dogecoin and Other Meme Coins Tank But Traders Are Buying This Token on the Dip

另请阅读：狗狗币和其他 Meme 代币暴跌，但交易者正在逢低买入这种代币

Massive DOGE Transfer to Robinhood Could Signal Downward Shift

大规模 DOGE 转移到 Robinhood 可能预示着向下转变

A recent Whale Alert tweet flagged a massive Dogecoin transaction where 74 million DOGE, worth over $12.5 million, was moved to Robinhood. This notable transaction amid current market consolidation hints the DOGE price prolongs its downward trajectory.

最近的一条 Whale Alert 推文标记了一笔大规模的狗狗币交易，其中 7400 万枚狗狗币（价值超过 1250 万美元）被转移到 Robinhood。当前市场整合期间的这一值得注意的交易暗示 DOGE 价格将延长其下行轨迹。

74,024,901 #DOGE (12,583,531 USD) transferred from unknown wallet to #Robinhoodhttps://t.co/H9KdL5hAwY

74,024,901 #DOGE（12,583,531 美元）从未知钱包转移到#Robinhoodhttps://t.co/H9KdL5hAwY

— Whale Alert (@whale_alert) April 13, 2024

— 鲸鱼警报 (@whale_alert) 2024 年 4 月 13 日

Thus, a breakdown below the aforementioned trendline may intensify the supply pressure and plunge the asset back to $0.122.

因此，跌破上述趋势线可能会加剧供应压力，并使资产跌至 0.122 美元。

Also Read: Dogecoin (DOGE)’s Latest Surge: But Can It Compete with O2T’s Groundbreaking 400% Rally?

另请阅读：狗狗币 (DOGE) 的最新飙升：但它能与 O2T 突破性的 400% 反弹竞争吗？

Technical Indicator

技术指标

• Relative Strength Index: The daily RSI slope below 47% reflects a neutral to bearish sentiment among market participants.

相对强弱指数：每日 RSI 斜率低于 47%，反映了市场参与者的中性至看跌情绪。

• Exponential Moving Average: The memecoin price trading above daily EMAs(50, 100, and 200) the broader trend remains bullish.

指数移动平均线：memecoin 价格交易高于每日 EMA（50、100 和 200），更广泛的趋势仍然看涨。

The post Dogecoin Price Analysis: Key Support Levels To Watch Amid Market Sell-off appeared first on CoinGape.

狗狗币价格分析：市场抛售中值得关注的关键支撑位这篇文章首先出现在 CoinGape 上。