Dogecoin Consolidates Amidst Prolonged Rally

狗狗币在长期上涨中巩固

Dogecoin (DOGE) maintained its consolidation phase this week, pausing after its recent parabolic surge. On Wednesday, November 20, DOGE traded at $0.3850, marginally below its year-to-date peak of $0.4387.

狗狗币（DOGE）本周维持盘整阶段，在最近的抛物线飙升后暂停。 11 月 20 日星期三，DOGE 交易价格为 0.3850 美元，略低于今年迄今的峰值 0.4387 美元。

This consolidation mirrors that of Bitcoin (BTC), which has fluctuated between $90,000 and $94,000. Nevertheless, Dogecoin exhibits potential for an upward rebound in the coming weeks as investors monitor developments within the Trump administration.

这种整合反映了比特币 (BTC) 的整合，比特币的价格在 90,000 美元到 94,000 美元之间波动。尽管如此，随着投资者关注特朗普政府内部的事态发展，狗狗币在未来几周内表现出向上反弹的潜力。

On Tuesday, former president Trump nominated Howard Lutnick, CEO of Cantor Fitzgerald, as Commerce Secretary. Lutnick previously expressed support for cryptocurrencies, and his firm serves as a custodian for Tether. Additionally, Trump appointed Elon Musk and Vivek Ramaswamy to head the newly established Department of Government Efficiency. Rumors also suggest that Trump Media may acquire the cryptocurrency company Bakkt.

周二，前总统特朗普提名坎托·菲茨杰拉德公司首席执行官霍华德·卢特尼克担任商务部长。 Lutnick 此前表示支持加密货币，他的公司担任 Tether 的托管人。此外，特朗普任命埃隆·马斯克和维韦克·拉马斯瓦米领导新成立的政府效率部。还有传言称特朗普媒体可能会收购加密货币公司 Bakkt。

A confluence of crypto-friendly policies, media attention, and low interest rates could propel Dogecoin higher in the near future. The coin continues to experience strong demand, with daily trading volume exceeding $14 billion, surpassing the combined volume of Shiba Inu, Pepe, and Bonk. Open interest in DOGE futures has also surged to $3.8 billion.

加密货币友好政策、媒体关注和低利率的结合可能会在不久的将来推动狗狗币走高。该币的需求持续强劲，每日交易量超过 140 亿美元，超过 Shiba Inu、Pepe 和 Bonk 的交易量总和。 DOGE 期货的未平仓头寸也飙升至 38 亿美元。

Crypto Analyst Anticipates Dogecoin Surge

加密货币分析师预计狗狗币将激增

DOGE Price Chart | Source: crypto.news

DOGE 价格走势图 |来源：crypto.news

Ali Charts, a renowned crypto analyst, predicts a significant upward trajectory for Dogecoin. He anticipates a potential 120% price increase, targeting $0.82.

著名的加密货币分析师 Ali Charts 预测狗狗币将出现显着的上升轨迹。他预计价格可能上涨 120%，目标为 0.82 美元。

On the daily chart, DOGE has maintained its position above a crucial resistance level at $0.2286, indicating potential for further gains. The coin trades well above its 50-day and 200-day moving averages, which recently formed a golden cross. Additionally, it has developed a bullish pennant pattern, signaling a continuation of the bullish trend.

日线图上，DOGE 维持在关键阻力位 0.2286 美元之上，表明有进一步上涨的潜力。该代币的交易价格远高于其 50 日和 200 日移动均线，该均线最近形成了一个金叉。此外，它还形成了看涨三角旗模式，标志着看涨趋势的延续。

A breakout above the pennant's upper boundary at $0.4387 would likely result in further upward momentum. However, a decline below the support level at $0.3412, the lowest point reached on November 17, would invalidate this bullish outlook.

突破三角旗形上限 0.4387 美元可能会带来进一步的上涨动力。然而，如果跌破 11 月 17 日达到的最低点 0.3412 美元的支撑位，这一看涨前景将失效。