• DOGE shed its 7th April’s gains as its price moved marginally in the last 24 hours.
• Technical indicators and metrics looked bullish on the meme coin.

Dogecoin’s [DOGE] sudden pump on the 7th of April grabbed the attention of the entire crypto market as its price rose by 8% and its value touched $0.204.

DOGE 回吐了 4 月 7 日的涨幅，因为其价格在过去 24 小时内小幅波动。技术指标和指标看起来对 meme 币看涨。Dogecoin 的 [DOGE] 4 月 7 日的突然上涨吸引了整个加密货币市场的关注，因为它的价格上涨 8%，价值触及 0.204 美元。

However, its price plummet a mere few hours later caught investors off-guard. 

然而，仅仅几个小时后，其价格暴跌让投资者措手不及。

But if DOGE does manage to start, and sustain, a bull rally, what are the targets that investors should expect the meme coin to reach during this summer?  

但如果 DOGE 确实能够启动并维持牛市反弹，那么投资者应该期望这款模因币在今年夏天达到哪些目标？

Dogecoin is volatile 

According to CoinMarketCap, DOGE’s price was up marginally in the last 24 hours. At press time, it was trading at $0.1965 with a market capitalization of over $28.2 billion, making it the eighth-largest crypto.

狗狗币波动很大 根据 CoinMarketCap 的数据，狗狗币的价格在过去 24 小时内小幅上涨。截至发稿时，其交易价格为 0.1965 美元，市值超过 282 亿美元，成为第八大加密货币。

AMBCrypto’s look at IntoTheBlock’s data revealed that despite the recent volatility in price, more than 88% of Dogecoin investors were in profit.

AMBCrypto 对 IntoTheBlock 数据的分析显示，尽管近期价格波动，但超过 88% 的狗狗币投资者都实现了盈利。

Then, we checked Hyblock Capital’s data to see what might be the immediate next targets for DOGE if it begins a bull rally. Our analysis revealed that DOGE’s liquidation will rise sharply near the $0.208 mark.

然后，我们检查了 Hyblock Capital 的数据，看看如果 DOGE 开始牛市反弹，其下一个目标可能是什么。我们的分析显示，DOGE的清算将在0.208美元关口附近大幅上涨。

A rise in liquidation often causes a price correction. Therefore, if DOGE is to correct, it has to first reach $0.208. Going northwards, a rise in liquidation will be likely in the next possible target of $0.22.

清算的增加通常会导致价格调整。因此，如果DOGE要回调，它必须首先达到0.208美元。向北走，清算量可能会增加，下一个可能的目标是 0.22 美元。

Source: Hyblock Capital

来源：Hyblock 资本

What to expect from DOGE in Q2?

AMBCrypto then planned to check the meme coin’s weekly chart to find more possible targets. As per our analysis, if a bull rally actually happens, DOGE might touch $0.349 in the coming weeks.

第二季度 DOGE 会发生什么？AMBCrypto 随后计划检查 meme 币的周线图，以寻找更多可能的目标。根据我们的分析，如果牛市真正发生，DOGE 可能会在未来几周内触及 0.349 美元。

Source: TradingView

来源：TradingView

Considering the utopian situation of DOGE sustaining its bull momentum, DOGE could hit $0.5 and then reach its all-time high of $0.7 this summer.

考虑到 DOGE 维持牛市势头的乌托邦情况，DOGE 可能会在今年夏天触及 0.5 美元，然后达到 0.7 美元的历史新高。

Such bullish momentum can also result in DOGE pushing its limit and reaching a new ATH of $1.

这种看涨势头也可能导致 DOGE 突破极限并达到 1 美元的新 ATH。

Since the $1 target seems ambitious, AMBCrypto analyzed DOGE’s technical indicators to find out what to expect from the meme coin in the short term.

由于 1 美元的目标似乎雄心勃勃，AMBCrypto 分析了 DOGE 的技术指标，以了解短期内对 meme 硬币的期望。

As per our analysis, the Relative Strength Index (RSI) was resting above the neutral mark. The MACD also displayed the possibility of a bullish crossover soon, hinting at a bull rally.

根据我们的分析，相对强弱指数（RSI）位于中性线之上。 MACD 也显示出很快出现看涨交叉的可能性，暗示牛市反弹。

Source: TradingView

来源：TradingView

Read Dogecoin’s [DOGE] Price Prediction 2024-25

阅读狗狗币的 [DOGE] 2024-25 价格预测

Apart from technical indicators, investors’ confidence in the meme coin also seemed pretty high. This was evident from the rise in Weighted Sentiment, which indicated that bullish sentiment was high.

除了技术指标外，投资者对模因币的信心似乎也相当高。这从加权情绪的上升中可以明显看出，这表明看涨情绪很高。

If DOGE’s trajectory continues unabated, then the meme coin could turn bullish, which could help it cross the coveted $1 target in Q2.

如果 DOGE 的轨迹继续有增无减，那么 Meme 代币可能会转为看涨，这可能有助于其在第二季度突破令人垂涎的 1 美元目标。

Source: Santiment

资料来源：Santiment

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