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The fourth month of the year started off unfavorably and is now nearly over with days filled with declines. BTC is below $64,000. Although Bitcoin might be willing to hit new lows, bulls have kept it relatively buoyant above $60,750 for now, preventing deeper dips. However, a significant breakout is expected next week. What’s targeted for Dogecoin?

今年第四个月开局不利，现在已接近结束，充满了下跌的日子。 BTC 低于 64,000 美元。尽管比特币可能愿意触及新低，但多头目前将其相对活跃地保持在 60,750 美元以上，防止进一步下跌。然而，预计下周将出现重大突破。狗狗币的目标是什么？

Dogecoin (DOGE)

狗狗币 (DOGE)

As this article is prepared, DOGE‘s price is at $0.1479. Along with Bitcoin’s weakness, Dogecoin seems unlikely to close April well. Following the announcement of the US GDP on April 25, increased pressure on risk markets fully impacted cryptocurrencies. The US economy grew by 1.6% in the first quarter of 2024, against expectations of 2.5%, and the monthly PCE rose by 0.3%, putting the Fed in a dilemma.

在撰写本文时，DOGE 的价格为 0.1479 美元。随着比特币的疲软，狗狗币似乎不太可能在 4 月份顺利结束。 4 月 25 日美国 GDP 公布后，风险市场压力加大，全面冲击加密货币。 2024年第一季度美国经济增长1.6%，低于预期的2.5%，月度PCE增长0.3%，让美联储陷入两难境地。

At the beginning of 2024, investors expected the Fed to make six 25bp rate cuts, but now they predict a maximum of two 25bp cuts. The yield on 10-year US Treasury notes has climbed to a five-month high of 4.739%.

2024年初，投资者预计美联储将进行六次降息25个基点，但现在他们预测最多降息两次25个基点。 10年期美国国债收益率已攀升至5个月高位4.739%。

Interest in futures for Dogecoin is also waning. The size of open positions dropped to $865.63 million on April 27. About a month ago, it peaked at $2.21 billion, showing how quickly investors are fleeing risk.

对狗狗币期货的兴趣也在减弱。 4 月 27 日，未平仓头寸规模降至 8.6563 亿美元。大约一个月前，其峰值达到 22.1 亿美元，显示投资者逃离风险的速度有多快。

DOGE Predictions

狗狗预测

The outlook in futures indicates a decline. If Powell does not announce at the May 1 meeting that we are delaying our 2% inflation target for a few years in favor of slower reductions, even at the cost of stickiness (for balanced growth), the bearish outlook will dominate on the macro front.

期货前景表明下跌。如果鲍威尔没有在 5 月 1 日的会议上宣布我们将 2% 的通胀目标推迟几年，转而缓慢削减，即使不惜牺牲粘性（以实现平衡增长）为代价，看跌前景将在宏观方面占据主导地位。

Dogecoin’s price may continue the selling trend initiated by the declining trend line and the 50-day exponential moving average (50-day EMA). As long as this area is not overcome as resistance, the possibility of a significant rebound in DOGE’s price is weak. Moreover, as BTC continues to close at lower levels, there is little reason to remain optimistic.

狗狗币的价格可能会继续由下降趋势线和 50 日指数移动平均线（50 日 EMA）引发的抛售趋势。只要这个区域的阻力没有被克服，DOGE价格大幅反弹的可能性就很弱。此外，随着比特币继续收于较低水平，没有理由保持乐观。

The key level is a close above $0.159, and as of the writing of this article, DOGE’s price is below it. In the coming days, there is a risk of sharp declines towards the $0.12 and $0.10 levels. Conversely, levels of $0.159 and $0.18 could be targeted in the opposite scenario.

关键水平是收盘价高于 0.159 美元，截至本文撰写时，DOGE 的价格低于该水平。未来几天，有大幅下跌至 0.12 美元和 0.10 美元水平的风险。相反，在相反的情况下，目标价位可能是 0.159 美元和 0.18 美元。

The post first appeared on COINTURK NEWS: Exploring Dogecoin’s Market Trends and Predictions

该帖子首次出现在 COINTURK 新闻：探索狗狗币的市场趋势和预测