The price of Dogecoin (DOGE) dropped slightly on Wednesday, leading a mild retrace in the wider altcoin market as Bitcoin (BTC) price dropped below $105k again. The total crypto market cap dropped 3 percent in the past 24 hours to hover about $3.4 trillion on Wednesday, during the late North American trading session.

Dogecoin（Doge）的價格在周三略有下跌，隨著比特幣（BTC）的價格再次下跌10.5億美元，在更廣泛的Altcoin市場中進行了溫和的反培訓。在過去的24小時內，加密貨幣市值下降了3％，在北美貿易會議期間，週三懸停了約3.4萬億美元。

Dogecoin price dropped around 3 percent to retest the support level of around $0.187 at the time of this writing. Nonetheless, the top memecoin, with a fully diluted valuation of about $28 billion and a 24-hour trading volume of around $748 million, has recorded a 10 percent gain in the past four weeks.

在撰寫本文時，Dogecoin的價格下降了約3％，以重新測試支撐水平約0.187美元。儘管如此，最高的紀念品的估值全額約為280億美元，交易量約為7.48億美元，在過去的四個星期中的收益率為10％。

What Went Wrong?

怎麼了？

The broader crypto market experienced a mild retrace in the last 24 hours as the price of Bitcoin fell below the $105,000 mark once more. In the 24-hour period, the market encountered a slight setback, with the total cryptocurrency market capitalization decreasing by 3 percent to stand at approximately $3.4 trillion during the late stages of North American trading on Wednesday.

在過去的24小時內，更廣泛的加密貨幣市場經歷了溫和的回顧，因為比特幣的價格再次低於105,000美元。在24小時的時期，市場遇到了輕微的挫折，在北美交易的後期，總的加密貨幣市值下降了3％，約為3.4萬億美元。

As the primary cryptocurrency, Bitcoin exhibited a decline of 2 percent, bringing its price to $104,300. Meanwhile, the price of Ether (ETH) underwent a more significant reduction of 4 percent, pushing it to $2,030.

作為主要加密貨幣，比特幣的價格下降了2％，其價格為104,300美元。同時，以太（ETH）的價格更大的降低了4％，將其提高到2,030美元。

Relative to other major altcoins, which displayed smaller price drops, the price of Dogecoin (DOGE) experienced a downturn of about 3 percent, placing it back at the support zone of $0.187. Despite the setback, the memecoin giant, boasting a fully diluted valuation of $28 billion and a 24-hour trading volume of $748 million, managed to rally by 10 percent over the past four weeks.

相對於其他主要山寨幣的價格下跌，Dogecoin（Doge）的價格下降了約3％，將其放回了支撐區0.187美元。儘管遇到了挫折，但這家Memecoin巨頭的估值完全稀釋為280億美元，交易量為7.48億美元，在過去的四個星期中的估值為7.48億美元，在過去的四個星期中提高了10％。

Dogecoin Network Thrives on Institutional Demand

Dogecoin網絡在機構需求方面蓬勃發展

A veteran altcoin secured through the proof-of-work (PoW) consensus mechanism, the Dogecoin network has continued to attract more institutional investors. As Coinpedia reported previously, the odds of a spot Dogecoin ETF approval in the United States before the end of this year are still very high.

Dogecoin網絡通過工作證明（POW）共識機制確保了一位資深的Altcoin，繼續吸引更多的機構投資者。正如Coinpedia先前報導的那樣，今年年底之前在美國獲得了Dogecoin ETF批准的機率仍然很高。

According to Polymarket, the odds of the U.S. SEC approving a spot DOGE ETF before the end of this year stands at 51 percent chance, up 15 percent in the past 24 hours. Some of the fund managers seeking to offer spot DOGE ETFs in the United States include 21Shares, Grayscale, Bitwise, and Rex Shares among others.

根據Polymarket的說法，美國SEC在今年年底之前批准了Doge ETF的機率為51％的機會，在過去的24小時中增長了15％。一些尋求在美國提供現場Doge ETF的基金經理包括21shares，Grayscale，Bitwise和Rex股票。

Also, the Coinbase-backed Base network announced the launch of a wrapped DOGE, thus enhancing the memecoin’s adoption via DeFi and smart contracts.

此外，由Coinbase支持的基本網絡宣布推出包裹的Doge，從而通過Defi和Smart Contracts增強了Memecoin的採用。

Midterm Targets for DOGE Price

門票價格的中期目標

Dogecoin price is expected to experience a significant surge before entering a prolonged falling wedge pullback.

在進入長時間的楔形下回調之前，預計狗狗的價格會經歷巨大的激增。

Credit: Ben Armstrong

圖片來源：本·阿姆斯特朗（Ben Armstrong）

Dogecoin price has continued to signal bullish sentiment amid the rising calls for the onset of altseason 2025.

Dogecoin Price繼續表示看漲的情緒，這是在2025年Altseason發作的上升呼籲中。

Furthermore, Bitcoin dominance has experienced significant resistance around 65 percent, thus signaling an imminent reversal in the near future.

此外，比特幣優勢在65％左右具有顯著的抵抗力，因此在不久的將來表明了即將發生的逆轉。

From a technical analysis standpoint, DOGE price is on the cusp of a fresh rally toward its all-time high. In the daily timeframe, DOGE price has already broken out of a falling wedge pattern, thus confirming the bases of a parabolic curve ahead. A consistent close above 26 cents will set the stage for an imminent parabolic rally beyond $1 in the near future.

從技術分析的角度來看，Doge的價格是在新的集會上朝著歷史最高高的風口浪尖。在日常的時間範圍內，Doge Price已經從掉落的楔形圖案中損壞，從而確認了拋物線曲線的基礎。一致的接近26美分以上的一致性將在不久的將來為即將到來的拋物線集會奠定基礎。