Dogecoin (DOGE) has encountered a significant setback, plummeting more than 60% from December’s high and leaving investors pondering the fate of the popular meme cryptocurrency. Nevertheless, recent network data suggests a potential turnaround as active addresses on the Dogecoin blockchain surged an astounding 270% within a 24-hour period.

Dogecoin（Doge）遇到了巨大的挫折，從12月的高點起就暴跌了60％以上，並讓投資者思考流行的Meme Cryptocurrency的命運。儘管如此，最近的網絡數據表明，由於Dogecoin區塊鏈上的主動地址在24小時內飆升了270％，因此潛在的周轉次數。

This spike in activity, which often precedes major price movements, has several analysts believing that DOGE could be on the verge of a substantial rebound.

這種活動的激增通常在主要價格變動之前，有幾位分析師認為，Doge可能處於重大反彈的邊緣。

Dogecoin’s Price Action: A Look at the Key Levels

Dogecoin的價格動作：查看關鍵水平

At the time of writing, Dogecoin is trading at approximately $0.16841, showing a decline of 29.62% over recent weeks. However, technical indicators suggest that a potential recovery could be in the works. Crypto analyst Ali notes the importance of the $0.16 level as a crucial support zone which needs to hold for an upward move.

在寫作時，Dogecoin的交易約為0.16841美元，最近幾週下降了29.62％。但是，技術指標表明可能正在進行潛在的恢復。加密分析師阿里（Ali）指出，0.16美元水平作為至關重要的支撐區的重要性，需要保持向上移動。

This price level is significant because it closely aligns with a previous Fibonacci retracement level (0.618), often observed as a strong support area in technical analysis. If Dogecoin can maintain this level and experience a bounce, we could witness a bullish reversal, setting the stage for a move toward higher Fibonacci extension levels, potentially reaching $1.00 or even $2.00.

該價格水平很大，因為它與以前的斐波那契回回頭水平密切相符（0.618），通常被認為是技術分析中的強大支持領域。如果Dogecoin能夠保持這一水平並經歷反彈，我們可以目睹看漲的逆轉，為朝著更高的斐波那契擴展水平邁進，可能達到1.00美元甚至2.00美元。

Ascending Channel Pattern Suggests a Bullish Trend

上升的渠道模式表明看漲趨勢

Despite the recent downturn, Dogecoin’s long-term trend remains bullish, evident in its formation of an ascending parallel channel. This pattern suggests that although we are seeing short-term price corrections, DOGE is still within an upward trajectory.

儘管最近經歷下滑，但Dogecoin的長期趨勢仍然看漲，這在其上昇平行渠道的形成中很明顯。這種模式表明，儘管我們看到了短期價格更正，但Doge仍在向上軌蹟之內。

Currently, Dogecoin is testing a mid-range level within this channel, and a strong bounce from $0.16 could propel the price toward higher Fibonacci extension levels, potentially reaching $1.00 or $2.00. Conversely, if DOGE fails to hold above the $0.16 support, the next major demand zone is likely between $0.10 and $0.12. A breakdown below this level could signal further bearish pressure.

目前，Dogecoin正在測試該渠道內的中距離水平，並且強勁的反彈從0.16美元開始可以推動價格提高到更高的斐波那契擴展水平，可能達到1.00美元或2.00美元。相反，如果Doge無法持有高於0.16美元的支持，那麼下一個主要需求區的可能性可能在0.10美元至0.12美元之間。低於此水平的分解可能會預示著進一步的看跌壓力。

However, even in a bearish scenario, the long-term outlook remains optimistic, especially considering the recent surge in network activity.

但是，即使在看跌的情況下，長期前景仍然樂觀，尤其是考慮到最近的網絡活動激增。

Why Is Dogecoin’s Network Activity Surging?

為什麼Dogecoin的網絡活動在激增？

On-chain data from BitsNode reveals that Dogecoin’s active addresses surged from 71,750 to 264,000 in a single day. This represents an increase of 270%, showcasing heightened user engagement and transactional activity.

BitsNode的鏈上數據表明，Dogecoin的活動地址在一天內從71,750升至264,000。這增加了270％，展示了用戶參與度和交易活動的提高。

Historically, such a surge in network usage often precedes a major price movement, making this a noteworthy development for Dogecoin investors.

從歷史上看，這種網絡使用中的激增通常是在重大價格轉移之前，這是Dogecoin投資者的顯著發展。

Some key factors driving this surge in activity include:

推動活動激增的一些關鍵因素包括：

* A large cryptocurrency donation platform, Gliph, integrated Dogecoin support for its users to donate to charities easily.

*一個大型加密貨幣捐贈平台Gliph，綜合Dogecoin支持其用戶，可以輕鬆地向慈善機構捐款。

* A significant portion of Dogecoin’s supply is now held by a small number of large investors, also known as whales. These whales have been actively accumulating DOGE throughout 2024, indicating strong institutional interest.

* Dogecoin供應的很大一部分現在由少數大型投資者（也稱為鯨魚）持有。這些鯨魚在整個2024年都積極積累了門檻，表明機構的濃厚興趣。

* Dogecoin’s inclusion in several cryptocurrency exchange-traded funds (ETFs) has made it more accessible to a broader range of investors.

* Dogecoin包含在幾個加密貨幣交易所交易基金（ETF）中，使其更容易成為更廣泛的投資者。

These developments suggest that Dogecoin is gaining momentum across different segments of the market.

這些事態發展表明，狗狗幣在市場的不同細分市場中都在獲得動力。

Historical Patterns Suggest a Potential Breakout for DOGE

歷史模式暗示了門的潛在突破

Popular trader Tardigrade has identified a recurring historical pattern in Dogecoin’s price action. Since October 2022, DOGE has experienced three substantial pullbacks, with each one dropping around 64% before rebounding with explosive rallies of 300% to 500%.

受歡迎的交易者Tardigrade在Dogecoin的價格行動中確定了一種經常出現的歷史模式。自2022年10月以來，Doge經歷了三種大量的回調，每次下降了64％，然後以300％至500％的爆炸性集會反彈。

The current drop of 66% closely mirrors these past corrections, fueling speculation that another parabolic surge could be imminent. If history repeats itself, Dogecoin could make a strong push toward the elusive $1 mark in the coming months.

當前66％的下降密切反映了過去的校正，這加劇了人們的猜測，即可能會發生另一種拋物線浪湧。如果歷史重演，Dogecoin可以在未來幾個月內強烈推動難以捉摸的$ 1分。

Dogecoin Price Prediction: What’s Next?

Dogecoin價格預測：下一步是什麼？

Based on the current technical setup and historical trends, the following scenarios could unfold for DOGE in the near future:

根據當前的技術設置和歷史趨勢，在不久的將來可能會為Doge展開以下情況：

Bullish Scenario:

看漲場景：

* If Dogecoin can maintain the $0.16 support and technical indicators show signs of bullish divergence, we might see a recovery toward the 38.2% Fibonacci retracement level at $0.28.

*如果Dogecoin可以維持$ 0.16的支持和技術指標顯示看漲差異的跡象，我們可能會看到38.2％斐波那契回撤水平的回收率為0.28美元。

* A break above the 50-period exponential moving average (EMA) on the 4-hour chart could signal the beginning of a sustainable uptrend.

*在4小時圖表上，超過50個週期指數的移動平均線（EMA）可能標誌著可持續上升趨勢的開始。

* If buyers manage to push the price above the 100-period EMA, it could open the door for a continuation toward higher Fibonacci extension levels.

*如果買家設法將價格推高到100個週期EMA以上，則可以為較高的斐波那契擴展水平延續開門。

Bearish Scenario:

看跌場景：

* If sellers overwhelm the bulls and break below the $0.16 support, the next crucial demand zone to watch is between $0.10 and $0.12.

*如果賣家不堪重負的公牛並在0.16美元的支持下打破，下一個關鍵的需求區域在0.10美元至0.12美元之間。

* A breakdown below this area could put further downward pressure on the price.

*低於該區域的故障可能會給價格帶來進一步的下降壓力。

* However, even in a bearish scenario, the long-term outlook remains optimistic,

*但是，即使在看跌的情況下，長期前景仍然樂觀，