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Significant developments in the cryptocurrency market continue to make headlines. Accordingly, Dogecoin price surged today, increasing by approximately 9.5% in the last 24 hours to reach $0.151 on May 14. By doing so, the memecoin outperformed the broader cryptocurrency market, which had a return of around 2.75% during the same period.

加密货币市场的重大发展继续成为头条新闻。因此，狗狗币价格今天飙升，在过去 24 小时内上涨约 9.5%，于 5 月 14 日达到 0.151 美元。通过这样做，狗狗币的表现优于更广泛的加密货币市场，同期回报率约为 2.75%。

Why is Dogecoin Rising?

狗狗币为何上涨？

Today’s price increase in Dogecoin is part of a broader upward trend in the memecoin sector. For instance, Shiba Inu, Pepe, and other memecoin projects also experienced significant rises in the last 24 hours, as shown below. Investors began flocking to Dogecoin and other memecoin projects following the sudden and unexpected return of Keith Gill, the person behind the 2021 GameStop short squeeze, after a three-year hiatus.

今天狗狗币的价格上涨是模因币行业更广泛的上涨趋势的一部分。例如，Shiba Inu、Pepe 等 memecoin 项目在过去 24 小时内也出现了大幅上涨，如下图所示。在 2021 年 GameStop 轧空事件的幕后推手基思·吉尔 (Keith Gill) 时隔三年后突然回归后，投资者开始涌向狗狗币和其他模因币项目。

Gill was at the center of the GameStop process during the pandemic. Reddit investors turned the tables on hedge funds that were shorting the supposedly failing brick-and-mortar game store, leading to GME’s price rising over 1,000% in less than a month.

在大流行期间，吉尔是 GameStop 流程的中心人物。 Reddit 投资者扭转了对冲基金的局面，这些基金做空了这家据称已经失败的实体游戏商店，导致 GME 的价格在不到一个月的时间里上涨了 1,000% 以上。

The duration of the short squeeze in GameStop coincided with significant increases in memecoin projects like Dogecoin and Shiba Inu, indicating increased risk appetite among individual investors. This is similar to the event in May when GameStop’s stock value doubled just hours after Gill’s return, triggering a rise in the memecoin sector.

GameStop 的轧空持续时间与狗狗币和柴犬等 memecoin 项目的大幅增加同时发生，表明个人投资者的风险偏好有所增加。这与 5 月份的事件类似，当时 GameStop 的股价在吉尔回归后几小时就翻了一番，引发了 memecoin 领域的上涨。

DOGE Chart Analysis

DOGE图表分析

From a technical perspective, the gains in DOGE are part of a rise developing within a formation that appears to be an inverse head-and-shoulders (IH&S) pattern. An IH&S pattern develops when the price forms three consecutive troughs; the middle trough (head) is the lowest and is flanked by two higher troughs (shoulders). This situation resolves when the price breaks above the neckline and rises by the height of the formation.

从技术角度来看，DOGE 的上涨是一种似乎是反向头肩 (IH&S) 模式的上涨的一部分。当价格形成三个连续的低谷时，IH&S 模式就会形成；中间的槽（头部）最低，两侧有两个较高的槽（肩部）。当价格突破颈线并上涨至形态高度时，这种情况就会解决。

As of May 14, DOGE was entering the penultimate stage of the formation and was poised to form the right shoulder with a decisive close above the neckline around $0.166. In this case, DOGE’s IH&S target for May would be around $0.227, a 55% increase from the current price level.

截至 5 月 14 日，DOGE 正进入该形态的倒数第二阶段，并准备形成右肩，最终收于颈线上方 0.166 美元附近。在这种情况下，DOGE 5 月份的 IH&S 目标将约为 0.227 美元，比当前价格水平上涨 55%。

Conversely, a pullback below the right shoulder trough around $0.135 would risk the price falling to $0.122 in May. This level has served as support since March.

相反，如果回调至右肩谷底 0.135 美元左右，则 5 月份价格可能会跌至 0.122 美元。自三月份以来，该水平一直是支撑位。

The post first appeared on COINTURK NEWS: Dogecoin Price Surges Due to Increased Investor Interest

该帖子首次出现在 COINTURK 新闻上：由于投资者兴趣增加，狗狗币价格飙升