Crypto is back on the menu for the average investor. Just this week, Bitcoin broke new all-time highs for two consecutive days, while digital assets like Ethereum and Solana have shown surprising strength as excitement builds across the market.

Crypto回到了普通投資者的菜單上。就在本週，比特幣連續兩天打破了歷史新高的新高，而以太坊和索拉納等數字資產隨著市場興奮的發展而表現出令人驚訝的強度。

But hold up, where’s our favorite memecoin in all of this?

但是請堅持，我們最喜歡的成員在哪裡？

Dogecoin (CRYPTO: DOGE) was one of the best-performing altcoins of last year’s bull run. From November 2024 until December 8 of that year, $DOGE managed to gain a whopping 240% in value. To put it bluntly, Doge’s momentum was so vivid that by the end of the year, the memecoin was rivaling XRP (CRYPTO: XRP) as the best-performing asset of the post-election rally.

Dogecoin（加密：Doge）是去年公牛奔跑中表現最好的山寨幣之一。從2024年11月到當年的12月8日，$ DOGE設法獲得了240％的價值。坦率地說，Doge的勢頭是如此生動，以至於到年底，Memecoin與XRP（Crypto：XRP）競爭對者是選舉後集會的表現最佳的資產。

However, while Dogecoin has certainly gotten out of first gear, gaining a respectable 40% in value since May 1st—the asset is far from leading the race. Currently trading at $0.2391—$DOGE is still a long way from retesting its December 8 peak of $0.48.

但是，儘管Dogecoin肯定已經擺脫困境，但自5月1日以來獲得了可觀的40％的價值，資產遠非領先比賽。目前的交易價格為0.2391美元 - $ DOGE與重新測試其12月8日峰值0.48美元還有很長的路要走。

Taking a look at the 1-hour chart we can see how bears started to lose strength by mid-March. Bulls would finally take control on May, as retail came back to the market as buying pressure increased significantly.

看看1小時的圖表，我們可以看到熊到3月中旬如何開始失去力量。隨著零售的購買壓力大大增加，公牛最終將在五月控制市場。

Recently, this momentum led $DOGE upwards of twenty cents per token—yet the memecoin has found strong resistance at the $0.25 margin. So, what differs this rally from the November one?

最近，這種勢頭使$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ n Memecoin發現了強大的抵抗力，以0.25美元的利潤率。那麼，與11月的集會有何不同？

What Is Missing For Dogecoin?

狗狗幣缺少什麼？

Back in November/December, retail interest quickly shifted to altcoins as investors looked for profitable opportunities. From mid-November until December 8th, Bitcoin dominance (BTC-D) fell from making up 61.54% of the entire market to as low as 54.56%.

早在11月/12月，隨著投資者尋求有利可圖的機會，零售利息很快就轉移到了Altcoins。從11月中旬到12月8日，比特幣優勢（BTC-D）從占整個市場的61.54％下降到低至54.56％的人。

This sudden 11% drop in Bitcoin dominance was enough to lead to a surge in altcoin activity, with traders rotating liquidity into assets that promised higher returns. However, BTC-D is currently at its highest margin since February of 2021 at 64.02% of the market. Essentially this means that altcoins aren’t receiving the same level of liquidity as they did during previous rallies.

比特幣優勢下降的11％下降足以導致Altcoin活動的激增，而交易員將流動性旋轉成有望獲得更高回報的資產。但是，自2021年2月以來，BTC-D目前的利潤率最高，佔市場的64.02％。從本質上講，這意味著Altcoins並沒有像以前的集會那樣獲得與以前的集會相同的流動性。

So, what does this means? Was Florence + The Machine right—are the Dog days in fact over? Well, not necessarily. There is two things DOGE will need before it can regain its late-2024 momentum: liquidity and adoption. At the below image, take a look at the type of trading volume DOGE/USD experienced on Coinbase in November, then compare it to today:

那麼，這意味著什麼？佛羅倫薩 +機器是否正確 - 實際上是狗的日子嗎？好吧，不一定。 Doge需要兩件事才能重新獲得2024年末勢頭：流動性和收養。在下圖中，查看11月Coinbase上經歷的交易量Doge/USD的類型，然後將其與今天進行比較：

To put it simply, Dogecoin needs a spark—something to reignite retail interest and bring fresh liquidity into the asset. Those interested in DOGE should keep a vigilant eye on Bitcoin Dominance now that the asset broke new ATHs—liquidity may as well start flowing into altcoins sooner than we expect.

簡而言之，Dogecoin需要火花 - 這是重新點燃零售興趣並將新鮮流動性帶入資產中的東西。既然資產破裂了新的ATHS，那些對Doge感興趣的人應該保持警惕，這可能會比我們預期的要早，更快地開始流入Altcoins。

For now, the $0.25 resistance zone serves as a key metric for Dogecoin’s short-term trajectory. If buyers can push past this level with strong volume, it would signal renewed momentum and potentially open the door for a retest of higher resistance levels.

目前，0.25美元的電阻區是Dogecoin短期軌蹟的關鍵指標。如果買家能夠以強勁的量將其推高這個水平，它將標誌著新的動力，並有可能為重新測試更高的電阻水平打開大門。

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順便說一句，如果您正在尋找下一級別的市場分析並想像絕對的傳奇人物交易，請查看比特幣傳奇社區。他們擁有專家見解和日常交易設置，以幫助您像專業人士一樣瀏覽市場！