Dogecoin (CRYPTO: DOGE) was trading lower on Monday morning following an overnight spike that propelled it beyond $0.23.

Dogecoin（加密：Doge）在周一早上較低的交易，因為過夜尖峰推動了它超過0.23美元的推動力。

What Happened: The world’s largest meme coin by market capitalization experienced a volatile day of trading, with volumes more than doubling to $2.84 billion in the last 24 hours.

發生的事情是：按市值通過市值進行的全球最大的模因硬幣經歷了動蕩的日子，在過去的24小時內，量增加了一倍以上，達到28.4億美元。

DOGE broke past $0.23 twice on Sunday but was met with heavy resistance each time, leading to a U-turn. From its intraday high, the cryptocurrency has now pulled back by 8.7%, and over the last 24 hours, it is down more than 3%.

Doge在周日兩次打破了0.23美元，但每次都會遇到重型阻力，導致掉頭。從其盤中高點開始，加密貨幣現在已撤回8.7％，在過去的24小時內，下降了3％以上。

DOGE followed in Bitcoin’s (CRYPTO: BTC) footsteps, which rallied sharply Sunday night to tap $107,000, a level last seen nearly four months ago.

Doge緊隨其後的是比特幣（Crypto：BTC）的腳步，該腳步聲在周日晚上急劇地集結了107,000美元，這是近四個月前的最後一個水平。

Cryptocurrency trader and analyst ''Chandler'' predicted that DOGE will “absolutely explode” when BTC hits a new high and manages to sustain it above $110,000.

加密貨幣交易者和“錢德勒”（Chandler）預測，當BTC達到新的高位並設法維持超過110,000美元時，Doge將“絕對爆炸”。

It’s heating up major league. Expect massive move in lower timeframes when this breakout.

它正在加熱美國職棒大聯盟。當此突破時，期望在較低的時間範圍內進行大規模移動。

BTC new ATH = Doge Explode

BTC新ATH = Doge爆炸

BTC hold $110k = Doge Explode

BTC持有$ 110K = Doge爆炸

It’s the time to prepare for the FINAL leg of bull market. 😈🔥 pic.twitter.com/81t77pR68Z

現在是為牛市最後一步做準備的時候了。 😈🔥pic.twitter.com/81T77PR68Z

— (@chandler_btc) August 20, 2023

- （@chandler_btc）2023年8月20日

According to Coinglass, nearly 80% of derivatives traders on Binance who had active positions in DOGE were leveraged long, suggesting a positive outlook for the memecoin.

根據Coinglass的說法，在Doge有積極職位的Binance上，將近80％的衍生品交易員長期利用，這表明對Memecoin具有積極的前景。

The Bull Bear Power indicator, which assesses the strength of buyers and sellers, displayed a “Buy” signal for DOGE, as indicated by TradingView. However, the Momentum indicator, which measures the short-term price relative to the long-term price, signaled “Sell.”

如TradingView所示，評估買賣雙方的強度的Bull Bear Power指示器顯示了Doge的“買入”信號。但是，衡量相對於長期價格的短期價格的勢頭指標標誌著“賣出”。

Price Action: At the time of writing, DOGE was trading at $0.2164, showing a decline of 3.31% over the past 24 hours, according to Benzinga Pro. For the year to date, the coin has experienced a decrease of 31%.

價格行動：根據Benzinga Pro的數據，在撰寫本文時，Doge的交易價格為0.2164美元，在過去24小時內下降了3.31％。在迄今為止，硬幣的降低了31％。

See More: Top 5 Cryptocurrency Price Predictions Today, August 21

查看更多：今天8月21日，前5個加密貨幣價格預測