Dogecoin Price Analysis: Triangle Pattern Signals Potential Uptrend Continuation

狗狗币价格分析：三角形模式预示着潜在的上升趋势持续

On Sunday, the Dogecoin price experienced a slight decline, cooling the recovery gains observed earlier in the week. As it consolidates in line with Bitcoin, the leading digital asset, there is potential for market sentiment to stabilize and reignite the waning bullish momentum for a stronger rally. Currently, with Dogecoin down 1.9%, it approaches the lower support of a newly forming triangle pattern, indicating a possible opportunity for a breakout rally.

周日，狗狗币价格小幅下跌，冷却了本周早些时候观察到的复苏涨幅。随着它与领先的数字资产比特币整合，市场情绪有可能稳定并重新点燃逐渐减弱的看涨势头，从而实现更强劲的反弹。目前，狗狗币下跌 1.9%，接近新形成的三角形形态的下支撑位，表明可能有突破反弹的机会。

Over the past four months, Dogecoin, the popular dog-themed memecoin, has faced a steady downtrend, shaped by a wedge pattern with prices oscillating between two descending trendlines. During this period, the Dogecoin price plunged from a high of $0.228 to a low of $0.091, resulting in a decline of approximately 60%.

在过去的四个月里，流行的以狗为主题的 memecoin 狗狗币面临着稳定的下降趋势，其形状为楔形模式，价格在两条下降趋势线之间波动。在此期间，狗狗币价格从高点0.228美元暴跌至低点0.091美元，跌幅约为60%。

Amidst the July market recovery, the Dogecoin price made a sharp rebound, breaking through the pattern's resistance on July 20th, signaling a potential trend reversal and presenting a solid foundation for a possible rally. Data from derivatives market data provider CoinGlass reveals a noticeable trend in DOGE Futures Open Interest. From a July low of $492 million, Open Interest has surged to a current value of $706 million, reflecting a significant 42% increase.

在 7 月市场复苏的过程中，狗狗币价格大幅反弹，在 7 月 20 日突破了该形态的阻力位，预示着潜在的趋势逆转，并为可能的反弹奠定了坚实的基础。衍生品市场数据提供商 CoinGlass 的数据揭示了 DOGE 期货未平仓合约的显着趋势。未平仓合约从 7 月份的低点 4.92 亿美元飙升至目前的 7.06 亿美元，增幅达 42%。

This growth signifies an escalating interest and bullish sentiment among traders regarding Dogecoin's future market movements. Currently, the DOGE price forecast suggests a consolidation breached trendline, stabilizing before potentially breaking out again. A closer examination of the 4-hour chart reveals the price moving within two converging trend lines, forming a triangle pattern. Dogecoin trades at $0.129 with a market cap of $18.8 billion. Following this pattern, it may drop another 5% to retest the triangle's support.

这种增长表明交易者对狗狗币未来市场走势的兴趣和看涨情绪不断上升。目前，DOGE 价格预测表明盘整突破了趋势线，在可能再次爆发之前企稳。仔细观察 4 小时图可以发现，价格在两条聚合趋势线内移动，形成了三角形形态。狗狗币的交易价格为 0.129 美元，市值为 188 亿美元。按照这种模式，它可能会再下跌 5% 以重新测试三角形的支撑位。