Elon Musk's Tweet Signals Bullish Momentum for Dogecoin

埃隆·马斯克的推文预示着狗狗币的看涨势头

Dogecoin's price is poised to break free from a descending wedge pattern, fueling anticipation for a breakout. Market support remains evident, but the recovery may be gradual.

狗狗币的价格有望摆脱下降楔形模式，引发了对突破的预期。市场支撑依然明显，但复苏可能是渐进的。

Elon Musk's Influence

埃隆·马斯克的影响力

Elon Musk's recent tweet expressing support for Dogecoin has likely contributed to the current momentum. This endorsement aligns with the Moving Average Convergence Divergence (MACD) indicator, which suggests a shift in market sentiment and potential for price recovery.

埃隆·马斯克最近在推特上表达了对狗狗币的支持，这可能推动了当前的势头。这一认可与移动平均收敛分歧（MACD）指标相一致，该指标表明市场情绪发生了转变，并且价格复苏的潜力。

Whales' Cautious Approach

鲸鱼的谨慎态度

Despite the bullish technical signal, large-scale investors known as whales have shown only a modest increase in their DOGE holdings. In the past two weeks, wallets holding $100,000-$10 million have seen inflows of only $300 million. This cautious accumulation indicates uncertainty or hesitation in the market.

尽管出现看涨的技术信号，但被称为“鲸鱼”的大型投资者的 DOGE 持仓量仅小幅增加。过去两周，持有 10 万至 1000 万美元的钱包仅流入 3 亿美元。这种谨慎的积累表明市场存在不确定性或犹豫。

Chart Analysis

图表分析

Dogecoin's price is approaching a breakout from a bullish descending wedge pattern, currently trading at $0.1059. The pattern suggests a potential 90% increase to $0.20. However, confirmation of the breakout is still needed, and it may take time to materialize.

狗狗币的价格正接近突破看涨的下降楔形形态，目前交易价格为 0.1059 美元。该模式表明可能上涨 90% 至 0.20 美元。然而，仍然需要确认突破，并且可能需要时间才能实现。

If the breakout is successful, $0.1168 will become support, enabling a rise to $0.1286. A failure of the breakout, as occurred in mid-July, could lead to a drop in Dogecoin's price to $0.10 or lower, invalidating the bullish scenario.

如果突破成功，0.1168 美元将成为支撑，从而上涨至 0.1286 美元。如果 7 月中旬发生的突破失败，可能会导致狗狗币的价格跌至 0.10 美元或更低，从而使看涨情景失效。

Original Source:

原始来源：

The post first appeared on COINTURK NEWS: Elon Musk's Tweet Boosts Dogecoin Price Expectations.

该帖子首次出现在 COINTURK 新闻：埃隆·马斯克的推文提振了狗狗币价格预期。