You can also read this news on BH NEWS: Dogecoin’s Price Rollercoaster: Can It Stabilize After Sharp Fluctuations?

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Dogecoin (DOGE) experienced a significant price increase on January 20th but faced a sharp decline the following day. Experts have observed the popular meme token trading within a downward formation’s support area for roughly two months, raising questions about whether it can reverse the trend or continue to suffer losses.

狗狗币 (DOGE) 的价格在 1 月 20 日大幅上涨，但第二天就大幅下跌。专家们观察了流行的 meme 代币在下行形态支撑区域内的交易大约两个月，引发了人们对其是否可以扭转趋势或继续遭受损失的疑问。

Technical analysis of DOGE’s daily time frame shows that the price has been trading within a rising parallel channel since June 2023. After breaking out of the channel in December and reaching $0.108, Dogecoin’s price fell back within the channel’s boundaries on January 3, 2024.

对 DOGE 每日时间框架的技术分析显示，自 2023 年 6 月以来，价格一直在上升平行通道内交易。在 12 月突破该通道并达到 0.108 美元后，狗狗币的价格于 2024 年 1 月 3 日回落至通道边界内。

Since then, Dogecoin has made two unsuccessful attempts to rise. The second rejection coincided shortly after Elon Musk introduced an “X Payments” account on his platform. The daily Relative Strength Index (RSI) indicates a bearish trend, with readings above 50 suggesting bullish advantage and below 50 indicating the opposite.

此后，狗狗币曾两次尝试上涨，但均未成功。第二次拒绝发生在埃隆·马斯克在其平台上推出“X Payments”账户后不久。每日相对强弱指数 (RSI) 表明看跌趋势，读数高于 50 表明看涨优势，低于 50 则表明相反。

Currently, Dogecoin’s RSI is below 50 and falling, signaling a potential bearish trend. This is supported by DOGE’s price movement and RSI readings on both daily and six-hour time frames. The price movement shows Dogecoin falling below a descending resistance trend line since its peak in December 2023, with the trend line causing a rejection on January 21, 2024.

目前，狗狗币的 RSI 低于 50 并正在下降，预示着潜在的看跌趋势。 DOGE 的价格走势以及每日和六小时时间范围内的 RSI 读数都支持了这一点。价格走势显示，狗狗币自 2023 年 12 月峰值以来跌破下降阻力趋势线，该趋势线在 2024 年 1 月 21 日导致拒绝。

The resistance trend line, combined with a horizontal area at $0.077, forms a descending triangle typically considered bearish. The six-hour RSI below 50 supports the possibility of a price drop. A breakout equal to the triangle’s height could lead to a 27% decrease in Dogecoin’s price, potentially bringing it down to the nearest support at $0.058.

阻力趋势线与 0.077 美元的水平区域相结合，形成一个通常被视为看跌的下降三角形。六小时 RSI 低于 50 支持价格下跌的可能性。突破三角形高度可能会导致狗狗币价格下跌 27%，有可能跌至最近的支撑位 0.058 美元。

The post first appeared on BH NEWS: Dogecoin’s Price Rollercoaster: Can It Stabilize After Sharp Fluctuations?

该帖子首次出现在 BH NEWS：狗狗币的价格过山车：剧烈波动后能否稳定？