Dogecoin (DOGE) Price Shows Signs of Rebound After December Slump

Dogecoin（Doge）价格显示了12月下降后反弹的迹象

After a downward trend since early December 2024, Dogecoin (DOGE) has shown signs of reaching a potential bottom. Rebounding from a key support level around $0.143 over the past two days, the memecoin, backed by Elon Musk, is poised for a possible parabolic rally.

自2024年12月上旬以来的下降趋势之后，Dogecoin（Doge）显示出达到潜在底部的迹象。 在过去两天中，从$ 0.143的钥匙支持水平反弹，由埃隆·马斯克（Elon Musk）支持的Memecoin准备参加可能的抛物线集会。

In the 24 hours leading up to Wednesday, March 12th, DOGE's price increased by approximately 8%, trading around $0.1722 during the early New York session. This large-cap altcoin, with a fully diluted valuation of roughly $25 billion and a 24-hour average trading volume of around $2.1 billion, may be mirroring Bitcoin's (BTC) anticipated bullish recovery.

在3月12日星期三的24小时内，Doge的价格上涨了约8％，在纽约早期会议期间交易约为0.1722美元。 这款大型Altcoin的估值全额约为250亿美元，平均交易量约为21亿美元，可能会反映出比特币（BTC）预期的看涨恢复。

Dogecoin Price Analysis

Dogecoin价格分析

Technically, Dogecoin's recent rebound from the $0.14 support level, coinciding with the weekly 0.786 Fibonacci Retracement, is significant.

从技术上讲，Dogecoin最近从0.14美元的支持水平反弹，这与每周0.786斐波那契回收率一致。

Over the past year, the memecoin has demonstrated higher highs and higher lows, suggesting a potential bottom to the current market correction. Sustained trading above the $0.20 support/resistance level could trigger a significant rally towards its all-time high. Conversely, consistent closing prices below $0.14 in the coming weeks could indicate further downside.

在过去的一年中，Memecoin表现出更高的高点和更高的低点，这表明当前市场校正的底部可能是底部的。 持续的交易高于0.20美元的支撑/阻力水平，可能会引发其历史最高水平的重大集会。相反，在接下来的几周内，一致的收盘价低于0.14美元，可能会进一步表明缺点。

Factors Influencing DOGE's Market Outlook

影响总督市场前景的因素

Dogecoin's proof-of-work (PoW) secured network boasts over 6.1 million on-chain holders. Elon Musk's continued support has contributed to increased mainstream adoption by global merchants.

Dogecoin的工作证明（POW）确保网络拥有超过610万内链持有人。 埃隆·马斯克（Elon Musk）的持续支持促成了全球商人主流采用的增加。

Growing memecoin demand has attracted institutional interest, evidenced by Grayscale and Bitwise's filings for spot DOGE ETFs in the U.S. Furthermore, IntoTheBlock's on-chain data reveals a recent surge in large transaction volumes on the Dogecoin network.

不断增长的成熟需求吸引了机构的兴趣，这证明了美国在美国对现场Doge ETF的备案提交的文件，此外，Intotheblock的链链数据揭示了最近在Dogecoin网络上大量交易的链接激增。

Santiment's on-chain data indicates that Dogecoin whales have acquired over 1.4 billion coins in the last two days, bringing their total holdings to approximately 24.6 billion coins.

Santiment的链链数据表明，在过去的两天中，Dogecoin鲸鱼已收购了超过14亿硬币，使其总持有量达到了约246亿硬币。