Dogecoin Price Correction After Post-Election Surge

选举后飙升后狗狗币价格调整

Dogecoin (DOGE), the prominent meme coin, experienced a technical correction, dipping to $0.1930 on November 7. This 12% decline followed a multi-month high reached on November 6 in the wake of Donald Trump's election victory.

著名的模因代币狗狗币 (DOGE) 经历了技术调整，于 11 月 7 日跌至 0.1930 美元。在唐纳德·特朗普赢得大选后，狗狗币于 11 月 6 日创下数月高点，跌幅达 12%。

Despite the correction, DOGE has demonstrated strong performance in recent days, surging by 140% since its August low. Trader optimism surrounding Trump's victory and its potential implications for Elon Musk, DOGE's prominent supporter, contributed to these gains. Musk is anticipated to play a role in the Department of Government Efficiency and advocate for cryptocurrency within the administration.

尽管出现调整，DOGE 最近几天表现强劲，自 8 月低点以来飙升 140%。交易员对特朗普的胜利及其对 DOGE 的著名支持者埃隆·马斯克(Elon Musk)的潜在影响的乐观情绪促成了这些涨幅。预计马斯克将在政府效率部发挥作用，并在政府内倡导加密货币。

Fundamentals and Technical Indicators Support Long-Term Growth

基本面和技术指标支持长期增长

Dogecoin exhibits robust fundamentals and technical indicators suggesting potential for long-term appreciation. Futures open interest has reached its highest point since April, currently standing at $1.62 billion. Additionally, spot market volume has sustained an elevated level, reaching $6.4 billion on Thursday, indicating active buying interest.

狗狗币展现出强劲的基本面和技术指标，表明长期升值的潜力。期货未平仓合约已达到 4 月份以来的最高点，目前为 16.2 亿美元。此外，现货市场成交量持续保持较高水平，周四达到 64 亿美元，表明购买兴趣活跃。

Bullish Chart Patterns Suggest Upside Potential

看涨图表模式表明上涨潜力

On the daily chart, DOGE has formed a falling wedge pattern, with two trendlines connecting higher lows and lower lows. A bullish breakout occurs as the lines approach each other. Additionally, a golden cross pattern emerged on October 25, where the 200 and 50-day moving averages crossed bullishly, often signaling further gains.

日线图上，DOGE 形成了下降楔形形态，有两条趋势线连接较高的低点和较低的低点。当两条线相互接近时，就会出现看涨突破。此外，10 月 25 日出现了黄金交叉形态，其中 200 日移动平均线和 50 日移动平均线看涨交叉，通常预示着进一步上涨。

DOGE is currently in the process of forming a cup and handle pattern, typically indicating continued growth. Breaking above the cup's upper lip at $0.2285 would validate further upward momentum.

DOGE 目前正在形成杯柄图案，通常表明持续增长。突破 0.2285 美元的上唇将验证进一步的上涨势头。

However, a drop below $0.1425, the November 3 swing low, would invalidate the bullish outlook.

然而，跌破 11 月 3 日波动低点 0.1425 美元将使看涨前景失效。