A widely followed cryptocurrency trader said Thursday that Dogecoin’s DOGE/USD bullish momentum is expected to continue, with the meme coin potentially breaking out above $0.1850.

一位受到廣泛關注的加密貨幣交易員周四表示，狗狗幣/美元的看漲勢頭預計將繼續下去，模因硬幣的銷量可能超過0.1850美元。

What Happened: BitGuru, who is known for his analysis of cryptocurrencies' price patterns, said that the popular meme coin is stabilizing above a key support level after completing a “classic” cup-shaped recovery.

發生了什麼：Bitguru以對加密貨幣的價格模式的分析而聞名，他說，在完成“經典”杯形恢復後，流行的Meme硬幣在關鍵支持水平上穩定在關鍵水平上。

The cup-shaped recovery is a bullish continuation pattern in which the price recovers gradually from a downtrend, with the trajectory forming a cup.

杯形的恢復是看漲的延續模式，其中價格從下降趨勢中逐漸恢復，軌跡形成了杯子。

“If the price holds this level, we’re likely heading toward a fresh breakout above $0.1850 in the next leg up,” BitGuru said.

Bitguru說：“如果價格達到這一水平，我們很可能會在下一條腿上邁向高於$ 0.1850的新鮮突破。”

$DOGE just completed a classic cup-shaped recovery and is stabilizing above key support bullish momentum is clearly building.If the price holds this level, we're likely heading toward a fresh breakout above $0.1850 in the next leg up.#Dogecoin #Tradingview pic.twitter.com/JzLMmIFvud— BitGuru (@Bitguruo) December 15, 2023This bullish prediction was further supported by another well-known chart analyst, Trader Tartigrade, who spotted a bull flag, another pattern that signals the continuation of an upward trend.

$ DOGE剛剛完成了經典的杯形恢復，並且在關鍵支持上穩定了看漲的勢頭。分析師Trader Tartigrade發現了牛旗，這是另一種標誌著向上趨勢的延續的模式。

“The breakout of the flag could send DOGE to $0.22,” Trader Tartigrade added.

Trader Tartigrade補充說：“旗幟的突破可能會寄到0.22美元。”

On the other hand, the Commodity Channel Index, which measures the difference between the current price and the historical average price, showed that DOGE was overbought and flashed a “Sell” signal, according to TradingView.

另一方面，衡量當前價格和歷史平均價格之間的差異的商品渠道指數表明，Doge被過度購買並閃爍了“賣出”信號。

These predictions come after DOGE experienced a 17% surge in the past week, following Bitcoin’s BTC/USD return to the $90,000 level. Among the mega-cap coins, DOGE was one of the highest gainers during this period.

在比特幣的BTC/USD返回90,000美元之後，在過去一周，Doge經歷了17％的增長之後。在大型帽子硬幣中，Doge是此期間最高的漲幅之一。

See More: Top 5 Cryptocurrencies To Watch Out For In December

查看更多：十二月要注意的前5個加密貨幣

At the time of writing, DOGE was trading at $0.1811, showing an increase of 5.05% over the past 24 hours, according to Benzinga Pro. For the year to date, the meme coin had experienced a decline of 42%.

根據Benzinga Pro的數據，在寫作時，Doge的交易價格為0.1811美元，在過去24小時內增長了5.05％。在迄今為止，模因硬幣的下降42％。