Recent days have seen a surge of activity in the crypto market, with Dogecoin enthusiasts riding a particularly turbulent wave. The market was sent into a bearish region as Bitcoin plunged, retesting the $50,000 mark and triggering a bearish fervor that impacted several

最近几天，加密货币市场的活动激增，狗狗币爱好者的浪潮尤其汹涌。随着比特币暴跌，市场进入看跌区域，重新测试 50,000 美元大关并引发看跌热情，影响了一些人

altcoins, Notably, meme coins like Dogecoin, saw its momentum halted. Despite this setback, market experts are forecasting a promising comeback for DOGE price, citing signs of an imminent recovery in their price movements following positive on-chain trends.

山寨币，值得注意的是，像狗狗币这样的模因币，其势头已经停止。尽管遭遇这一挫折，市场专家仍预测 DOGE 价格有望回升，理由是有迹象表明，在积极的链上趋势之后，其价格走势即将复苏。

DOGE Shows 2020’s Pattern

In the past 24 hours, the crypto market has seen a significant shakeout, with over $132 million in positions being wiped out. This sell-off was sparked by a downturn in crypto prices, which faced rejection at key resistance levels, leading to a massive $90 million in long positions being liquidated.

DOGE展现了2020年的格局过去24小时，加密货币市场出现了大幅震荡，超过1.32亿美元的头寸被消灭。这次抛售是由加密货币价格下跌引发的，加密货币价格在关键阻力位遭到拒绝，导致 9000 万美元的巨额多头头寸被清算。

Dogecoin (DOGE), the most prominent memecoin, saw substantial selling pressure as investors offloaded over $500,000 in long positions. Despite its bearish performance in the recent altcoin rally, Dogecoin is currently showing a chart pattern eerily reminiscent of the one preceding its explosive 2021 bull run. If the patterns hold true, Dogecoin could be setting its sights on an ambitious price target of $10 in the upcoming bull market.

狗狗币（DOGE）是最著名的模因币，随着投资者抛售超过 50 万美元的多头头寸，出现了巨大的抛售压力。尽管狗狗币在最近的山寨币反弹中表现看跌，但目前显示的图表模式令人奇怪地让人想起 2021 年爆炸性牛市之前的图表模式。如果这些模式成立，狗狗币可能会在即将到来的牛市中将其雄心勃勃的价格目标定为 10 美元。

Prominent cryptocurrency expert Ali Martinez has pointed out remarkable parallels in Dogecoin’s price trends, comparing its recent activity to the patterns observed in 2020, hinting at the possibility of history repeating itself.

著名加密货币专家 Ali Martinez 指出了狗狗币价格趋势的显着相似之处，将其最近的活动与 2020 年观察到的模式进行了比较，暗示历史可能重演。

Martinez highlighted the similarity in Dogecoin’s price trends, noting its breakout from a descending triangle pattern, a subsequent period of consolidation, and an explosive increase of 28,770% in 2020. Currently, Dogecoin seems to be following a similar trajectory, having broken free from a descending triangle and now in a phase of consolidation.

马丁内斯强调了狗狗币价格趋势的相似性，指出其突破了下降三角形模式，随后进入了盘整期，并在 2020 年爆炸性增长了 28,770%。目前，狗狗币似乎正在遵循类似的轨迹，已经摆脱了下降三角形，现在处于盘整阶段。

Martinez suggests this could be the precursor to another significant bull run. However, it’s important to mention the anticipation surrounding Dogecoin’s price reaching the $1 milestone. In the previous surge, Dogecoin peaked at 66 cents before undergoing a correction of nearly 90%.

马丁内斯表示，这可能是另一场重大牛市的前兆。然而，重要的是要提及围绕狗狗币价格达到 1 美元里程碑的预期。在之前的飙升中，狗狗币曾一度达到 66 美分的峰值，随后经历了近 90% 的回调。

Interestingly, on-chain metrics reveal that a group of smart whale investors is capitalizing on the recent market downturn rather than joining the prevalent trend of asset liquidation. A Santiment chart showcases the evolving landscape of whale wallet balances, specifically those holding at least 10 million DOGE (valued at approximately $800,000), shedding light on their strategic investment moves in real-time. Presently, the collective balance of Dogecoin whales exceeds 15 billion DOGE tokens, indicating a significant aggregation of wealth within these large-scale holders.

有趣的是，链上指标显示，一群聪明的鲸鱼投资者正在利用最近的市场低迷，而不是加入资产清算的普遍趋势。 Santiment 图表展示了鲸鱼钱包余额的演变情况，特别是那些持有至少 1000 万 DOGE（价值约 80 万美元）的钱包，实时揭示了他们的战略投资举措。目前，狗狗币鲸鱼的总余额超过 150 亿 DOGE 代币，这表明这些大规模持有者的财富大量聚集。

What’s Next For DOGE Price?

Efforts by bearish traders to pull Dogecoin back into the confines of the symmetrical triangle pattern have not been countered effectively by bullish traders. Consequently, the DOGE price is breaching lower than the immediate Fibonacci support levels, weakening the chances for a bullish reversal. As of this writing, the DOGE is trading at $0.083, marking a decline of more than 1.6% since yesterday.

狗狗币价格的下一步是什么？ 看跌交易者将狗狗币拉回到对称三角形模式范围内的努力并未受到看涨交易者的有效反击。因此，DOGE 价格跌破直接斐波那契支撑位，削弱了看涨逆转的机会。截至撰写本文时，DOGE 的交易价格为 0.083 美元，自昨天以来下跌超过 1.6%。

The 20-day Exponential Moving Average (EMA) is currently set at $0.084 and is on a downward trajectory, while the Relative Strength Index (RSI) has fallen below the neutral 50 mark to 41, indicating a bearish predominance in the market.

20日指数移动平均线（EMA）目前定于0.084美元，并处于下行轨道，而相对强弱指数（RSI）已跌破中性50大关至41，表明市场看跌占主导地位。

Should this downward trend continue below the moving averages, it could signal an increase in bearish sentiment and intensify selling pressure, even during brief market recoveries. A breach below the crucial support level at $0.08 could trigger a new round of sell-offs.

如果这种下降趋势继续低于移动平均线，则可能预示着看跌情绪的增加，并加剧抛售压力，即使在市场短暂复苏期间也是如此。跌破 0.08 美元的关键支撑位可能会引发新一轮抛售。

On the flip side, if bullish traders manage to overturn the current downward momentum and push the price above the EMA levels, there could be an opening for DOGE to climb towards the next resistance area around $0.09.

另一方面，如果看涨交易者设法扭转当前的下行势头并将价格推高至 EMA 水平之上，则 DOGE 可能有机会攀升至 0.09 美元左右的下一个阻力区域。