Popular meme-inspired cryptocurrency Dogecoin (CRYPTO: DOGE) has been encountering difficulties in recent months as it attempts to recover from a period of rapid price increase.

流行的模因啟發的加密貨幣（Crypto：Doge）最近幾個月遇到了困難，因為它試圖從價格上漲的時期恢復過來。

Following a series of bullish rallies earlier in 2024, which saw Dogecoin gain significant attention in the media and on social media, the cryptocurrency has encountered difficulties maintaining upward momentum. After reaching highs above the $0.190 range, Dogecoin encountered strong resistance and began a downward correction.

在2024年初的一系列看漲集會之後，Dogecoin在媒體和社交媒體上引起了極大的關注，加密貨幣遇到了保持向上勢頭的困難。達到高於0.190美元的高度之後，Dogecoin遇到了強烈的抵抗力，並開始了向下校正。

This downward trend has seen Dogecoin lose a portion of the gains it made during the bullish rallies earlier in the year, setting the stage for a potential technical analysis.

這種下降趨勢使多黴素失去了今年早些時候看漲集會期間所取得的一部分收益，為潛在的技術分析奠定了基礎。

As of writing, Dogecoin is trading at $0.165, showing a decline of 3.6% over the last 24 hours. The cryptocurrency has encountered substantial selling pressure, leading to a slip from several key support levels.

截至寫作時，Dogecoin的交易價格為0.165美元，在過去24小時內下降了3.6％。加密貨幣遇到了巨大的銷售壓力，導致了幾個關鍵支持水平的失誤。

After breaking through the $0.185 support zone, which had been holding since early 2024, Dogecoin dropped to the $0.172-$0.175 range. This level had previously acted as resistance but was swiftly breached by sellers. Afterwards, the cryptocurrency slid further, falling below the $0.160 zone, another critical support level that had been tested on several occasions during the recent rally from the 2023 lows.

在經歷了自2024年初以來一直持有的0.185美元支撐區域後，Dogecoin跌至0.172- $ 0.175範圍。該水平以前曾充當抵抗，但被賣方迅速違反。之後，加密貨幣進一步滑行，低於$ 0.160的區域，這是在2023年低點的最近集會期間幾次測試的另一個關鍵支持水平。

Dogecoin Technical Analysis: Can A Bounce Be Expected?

Dogecoin技術分析：可以預期反彈嗎？

A glance at the 4-hour chart reveals that Dogecoin has slipped below the Relative Strength Index 10. This reading, which falls below the oversold zone, is rarely encountered and suggests extreme oversold conditions. Typically, when an asset becomes oversold to this extent, it signals that the asset is due for a correction or a bounce. The 4-hour RSI is now indicating that the selling pressure may be nearing exhaustion, setting the stage for a potential bounce.

一眼四小時的圖表表明，狗狗幣在相對強度指數10下滑動。此讀數很少遇到，卻低於超售區，並暗示了極端的超售條件。通常，當資產在此範圍內超額出售時，它表明資產應進行更正或反彈。 4小時的RSI現在表明銷售壓力可能正在疲憊，為潛在的反彈奠定了基礎。

Moreover, the 1-hour chart shows that the RSI is still within oversold territory, with readings of 25-27. A reading below 30 is usually deemed oversold. Although the RSI is still signaling bearish sentiment, these levels suggest that a reversal could be forthcoming.

此外，1小時的圖表顯示，RSI仍在超售領土內，讀數為25-27。通常認為30歲以下的讀數被視為超賣。儘管RSI仍在表示看跌的情緒，但這些水平表明可能正在發生逆轉。

The daily chart also shows that the RSI is at 32-33, demonstrating a lack of strength in the cryptocurrency. Ideally, to indicate a strong bullish trend, the RSI should be above 50. However, it is still sliding despite being at oversold levels.

每日圖表還表明，RSI為32-33，表明加密貨幣缺乏強度。理想情況下，要表明強烈的看漲趨勢，RSI應高於50。但是，儘管超出水平，它仍在滑動。

Overall, the oversold conditions across multiple time frames, especially with the 4-hour RSI falling below 10, suggest a higher probability of a bounce. Additionally, the fact that large investors, known as whales, are continuously accumulating despite the price movements also indicates a potential reversal.

總體而言，多個時間範圍的超售條件，尤其是4小時的RSI低於10，這表明反彈的可能性更高。此外，儘管價格變動，但大型投資者（稱為鯨魚）仍在不斷積累，這一事實也表明了潛在的逆轉。

Dogecoin Price Action: What To Look Out For

Dogecoin價格動作：要注意什麼

If a bounce occurs, the next resistance levels to watch will be in the $0.172-$0.175 range, where a confluence of Fib levels and a psychological round number could pose challenges.

如果發生反彈，那麼要觀看的下一個阻力水平將在0.172- $ 0.175的範圍內，其中FIB水平的匯合和心理圓形數字可能會帶來挑戰。

However, there is still a 30-40% chance that Dogecoin could continue downward. If the cryptocurrency slips below the long-term ascending channel, it could continue decreasing throughout the week before attempting recovery.

但是，Dogecoin仍有30-40％的機會繼續向下。如果加密貨幣在長期上升渠道以下滑倒，則在嘗試恢復之前，它可能會在整個星期繼續下降。

The ascending channel, which began in 2015, has acted as a crucial level of support. Despite the recent drop, Dogecoin is still holding above this channel, which becomes more significant due to its presence since the cryptocurrency’s earliest days. A drop below this level could indicate a more bearish trend.

始於2015年的上升渠道一直是至關重要的支持水平。儘管最近有所下降，但Dogecoin仍在該渠道上方保持，由於加密貨幣的最早時代以來，它的存在變得更加重要。低於此水平的下降可能表明更為看跌的趨勢。

In the recent trading sessions, Dogecoin has tested this channel support on several occasions and bounced back each time, indicating that buyers are still interested in the asset at these levels. As the price remains above this critical support, it creates an opportunity for a potential reversal if demand for the cryptocurrency increases.

在最近的交易課程中，Dogecoin多次測試了此渠道支持，並每次反彈，表明買家仍然對這些水平的資產感興趣。由於價格仍然高於此關鍵支持，如果對加密貨幣的需求增加，它為潛在的逆轉創造了機會。