Dogecoin's (DOGE) price has experienced a significant surge of approximately 70% this week, fueled by a bullish trend across the cryptocurrency market. This momentum hints at further potential for gains in March, owing to a mix of technical and fundamental indicators.

在整个加密货币市场看涨趋势的推动下，狗狗币 (DOGE) 的价格本周大幅上涨约 70%。由于技术和基本面指标的综合作用，这种势头暗示 3 月份有进一步上涨的潜力。

Dogecoin whales accumulate

狗狗币鲸鱼不断积累

Dogecoin's recent price surge comes amid an increase in DOGE holdings among its richest investors, also known as "whales." For instance, the number of addresses holding more than 100,000 DOGE tokens has risen 0.7% since the year's beginning.

狗狗币最近的价格飙升是由于其最富有的投资者（也称为“鲸鱼”）增加了狗狗币的持有量。例如，自年初以来，持有超过 100,000 DOGE 代币的地址数量增加了 0.7%。

At the same time, the number of entities with a balance of over 1 million DOGE has witnessed a slight dip after Feb. 12.

与此同时，2月12日之后，余额超过100万DOGE的实体数量略有下降。

Given the substantial holdings, these addresses likely represent exchanges, suggesting traders have been beginning to prefer to retain DOGE rather than engage in active trading. This behavior signals strong accumulation.

鉴于持有量很大，这些地址可能代表交易所，这表明交易者开始更愿意保留 DOGE 而不是参与活跃交易。这种行为标志着强烈的积累。

Memecoin mania ahead of Bitcoin halving

比特币减半前的 Memecoin 狂热

Dogecoin's price boom appears ahead of the fourth Bitcoin halving scheduled for April 19, 2024. Interestingly, this price rally is akin to similar upside moves before previous Bitcoin halving events in May 2020 and July 2016.

狗狗币的价格上涨出现在定于 2024 年 4 月 19 日进行的第四次比特币减半之前。有趣的是，这次价格上涨类似于 2020 年 5 月和 2016 年 7 月比特币减半事件之前的类似上涨走势。

Notably, DOGE price surged 200% ahead of the first Bitcoin halving, and by approximately 50% ahead of the second, as shown below.

值得注意的是，DOGE 价格在第一次比特币减半之前飙升了 200%，在第二次减半之前飙升了约 50%，如下所示。

Generally, traders tend to seek alternative investments like memecoins for higher short-term gains, anticipating that the halving will boost the overall market. This behavior is driven by speculation and the desire to capitalize on the increased market activity associated with Bitcoin's supply shock.

一般来说，交易者倾向于寻求模因币等另类投资以获得更高的短期收益，预计减半将提振整体市场。这种行为是由投机和利用与比特币供应冲击相关的市场活动增加的愿望驱动的。

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Like Dogecoin, other top memecoins, including Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK), have seen substantial gains in the days leading up to the Bitcoin halving.

与狗狗币一样，其他顶级模因币，包括柴犬 (SHIB)、佩佩 (PEPE) 和邦克 (BONK)，在比特币减半前的几天里都出现了大幅上涨。

DOGE price technicals hint at more upside

DOGE 价格技术面暗示有更多上涨空间

DOGE's next upside target appears to be at its 0.236 Fibonacci retracement line, as shown below.

DOGE 的下一个上行目标似乎是 0.236 斐波那契回撤线，如下所示。

This price point was a foundational support during the downtrend from May 2021 to November 2021, indicating its critical role in the market's bearish phase. Once it flipped to a resistance level in December 2021, this threshold became a formidable barrier. It has been maintaining its significance as a key resistance point to this date.

该价格点是2021年5月至2021年11月下降趋势期间的基础支撑，表明其在市场看跌阶段发挥着关键作用。一旦它在 2021 年 12 月触及阻力位，这个门槛就成为一个可怕的障碍。迄今为止，它一直保持着作为关键阻力点的重要性。

Heading into March 2024, Dogecoin is on track for a potential 25% increase to reach $0.18, buoyed by a robust buying mood within the memecoin arena, spurred on by Bitcoin's recent surge. This optimistic trend suggests Dogecoin might hit its target by month's end.

进入 2024 年 3 月，狗狗币有望上涨 25%，达到 0.18 美元，受到比特币近期飙升刺激的 memecoin 领域强劲购买情绪的提振。这种乐观的趋势表明狗狗币可能会在月底达到其目标。

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投资建议或建议。每一项投资和交易行为都涉及风险，读者在做出决定时应自行研究。