Dogecoin price dropped 4.97% recently, trading at $0.2200 despite recording a monthly gain of 20.57%. The decline came as DOGE hit a resistance level that has previously triggered retracements on five occasions.

Dogecoin的價格最近下跌了4.97％，儘管每月收益為20.57％，但仍以0.2200美元的價格交易。下降是因為Doge達到了阻力水平，該電阻率曾五次觸發了回波。

The meme coin remains the largest in its category with over $32 billion in market capitalization. It currently trades 53% below its November peak and 68% above its November low.

模因硬幣仍然是其類別中最大的，市值超過320億美元。目前，它的交易價格低於11月的峰值53％，比11月低的低點交易。

This pattern showcases strong buying pressure at lower prices, which bodes well for further gains in the long term.

這種模式以較低的價格展示了強大的購買壓力，從長遠來看，這實現了進一步的收益。

At the same time, the upper boundary of the pattern, which sits at $0.4522, is crucial as it acts as a strong resistance level.

同時，該圖案的上限為0.4522美元，至關重要，因為它充當了強阻力水平。

Handles Form at Key Fibonacci Level

手柄形式在鑰匙fibonacci級別

The cup section of the pattern shows a rounded bottom with horizontal support, while the handle portion represents a pullback from the pattern's high at $0.4522 to the pattern's low at $0.1295.

圖案的杯賽部分顯示了一個圓形的底部，並帶有水平支撐，而手柄部分則表示該圖案的回調為$ 0.4522，到該圖案的低點，為0.1295美元。

This pullback reached the 0.382 Fibonacci level of the major rally from the 2022 lows, providing support for the rebound.

從2022年的低點，這種回調達到了主要集會的0.382斐波那契水平，為反彈提供了支持。

Moreover, the pattern's profit target can be calculated by measuring the cup's 92% depth and projecting that distance upward from the pattern's neckline.

此外，可以通過測量杯子的92％深度並將與圖案領口的距離投射到向上的距離來計算模式的利潤目標。

This calculation arrives at a target price of $0.8630, which is about 285% higher than current price levels.

該計算的目標價格為0.8630美元，比目前的價格水平高約285％。

However, it's worth noting that the pattern requires a decisive break above the cup's rim at $0.4522 to activate.

但是，值得注意的是，該模式需要在杯子的邊緣上方的決定性突破，以$ 0.4522的激活。

A failure to clear this level could lead to further price declines and postpone the pattern's implication.

無法清除這一水平可能會導致進一步的價格下降並推遲該模式的含義。

On the other hand, if the pattern plays out as anticipated, it could propel DOGE to fresh yearly highs and open possibilities for even higher price movements in the subsequent stages of the bull market.

另一方面，如果該模式按預期的是，它可能會推動新鮮的高潮和開放可能性，並在隨後的牛市階段更高的價格變動。

The post Dogecoin: Strong Buying Activity Despite Price Drop, Liquidation Levels Key appeared first on Benzinga.

Dogecoin郵政：儘管價格下降，但強大的購買活動仍在Benzinga上首先出現。