Why Are Traders Heading Back to Dogecoin? Is This a Fleeting Drift?

为什么交易者又回归狗狗币？这是转瞬即逝的漂移吗？

Originally published on Coinpedia Fintech News

最初发表于 Coinpedia 金融科技新闻

Dogecoin is once again attracting attention, with trading volume surging by over 35% since the early trading hours. This has led to a marginal price increase, rising nearly 5% above $0.16. Additionally, market sentiment has turned bullish since the launch of the spot Ethereum ETF.

狗狗币再次引起关注，自早盘交易以来交易量激增超过 35%。这导致边际价格上涨，比 0.16 美元上涨近 5%。此外，自以太坊 ETF 现货推出以来，市场情绪已转为看涨。

Why the Sudden Interest in Dogecoin?

为什么突然对狗狗币产生兴趣？

This begs the question: why have traders flocked to the DOGE price rally?

这就引出了一个问题：为什么交易者纷纷涌向 DOGE 价格上涨？

Historical Bear Market and Recent Trend Reversal

历史熊市和近期趋势逆转

Since the onset of the 2021 bear market, sparked by Elon Musk's "Hustle" comment on SNL, traders have lost interest in Dogecoin. While the price has experienced occasional bullish momentum, these rallies have been short-lived. However, the trend seems to have shifted recently, with volume increasing since early March, boosting the token's volatility.

自埃隆·马斯克在 SNL 上发表“Hustle”评论引发的 2021 年熊市开始以来，交易员对狗狗币失去了兴趣。虽然价格偶尔出现看涨势头，但这些反弹是短暂的。然而，最近趋势似乎发生了转变，自 3 月初以来交易量不断增加，加剧了代币的波动性。

Technical Analysis

技术分析

After a recent pullback from yearly highs above $0.22, DOGE has maintained an ascending trend and may soon reach the upper boundary of its consolidation range. This has triggered a rebound from the Gaussian channel's average levels, which remain under bearish influence.

在近期从 0.22 美元上方的年度高点回调后，DOGE 一直保持上升趋势，并可能很快达到其盘整区间的上限。这引发了高斯通道平均水平的反弹，该平均水平仍受到看跌影响。

The RSI indicator shows a positive uptrend, suggesting that prices may reach the channel's upper resistance. Technical indicators and chart patterns indicate that the recent breakout is unlikely to be short-lived, with the price expected to hit new yearly highs above $0.25.

RSI 指标显示积极的上升趋势，表明价格可能触及通道的上方阻力。技术指标和图表模式表明，近期的突破不太可能是短暂的，价格预计将触及 0.25 美元以上的年度新高。

Bullish Momentum and Potential Gains

看涨势头和潜在收益

However, traders often exhibit impatience and take profits after minor price increases. If the bulls receive sufficient support in the form of trading volume, Dogecoin (DOGE) may continue its bullish trend, defying bearish pressure.

然而，贸易商常常表现出不耐烦，并在价格小幅上涨后获利了结。如果多头以交易量的形式获得足够的支撑，狗狗币（DOGE）可能会继续其看涨趋势，克服看跌压力。

Long-Term Outlook

长期展望

A rise above $0.3 appears imminent in the early weeks of H2, potentially leading to a bullish close for 2024.

在下半年的前几周，价格似乎即将突破 0.3 美元，这可能会导致 2024 年收盘看涨。