Dogecoin (CRYPTO: DOGE) price is hovering around $0.168 on Wednesday after bouncing off its 200-week Exponential Moving Average (EMA) last week. As meme coins continue to rally, Santiment’s data shows that DOGE’s utility and whale wallets are rising, hinting at a potential rally for the dog-themed memecoin.

Dogecoin（加密：Doge）價格在上週彈跳了200週的指數式移動平均線（EMA）後，週三徘徊在0.168美元左右。隨著模因硬幣繼續集會，Santiment的數據表明，Doge的效用和鯨魚錢包正在上升，暗示了以狗為主題的Memecoin的潛在集會。

Like most meme coins, Dogecoin has been hammered during the 2-month crypto-wide retracement phase. Despite this correction, Santiment data shows that wallets holding at least 1 million DOGE tokens have been rising since the start of February and have risen 1.24%. Moreover, active addresses are also at 4-month highs, reaching over 150,000 addresses. This rise in holders’ wallets and utility indicates a potential breakout on the horizon for the dog-themed memecoin.

像大多數模因硬幣一樣，在整個加密貨幣回回階段，狗狗幣也被錘打。儘管進行了這種糾正，但Santiment數據表明，自2月初以來，持有至少100萬個門將令牌的錢包一直在上升，並且上升了1.24％。此外，主動地址也在4個月的高點，達到150,000多個地址。持有人的錢包和效用的這種上升表明，以狗為主題的紀念物的潛在突破。

Dogecoin on-chain metric chart. Source: Santiment

Dogecoin鍊式公製圖。資料來源：santiment

Dogecoin technical outlook: Bulls aim for $0.22 mark if 200-week EMA support holds

Dogecoin技術前景：如果200週EMA支持，公牛的目標是0.22美元。

Dogecoin price tested and found support around its 200-week EMA at $0.136 last week. As of Wednesday, DOGE continues to trade above its 200-week EMA, hovering around $0.168.

Dogecoin Price在200週EMA上進行了測試，並在上週為0.136美元獲得了支持。截至週三，Doge繼續以超過200週的EMA交易，徘徊在0.168美元左右。

If the 200-week EMA continues to hold and DOGE closes above the weekly resistance of $0.181, it could extend the rally to retest its next resistance level at $0.220.

如果200週的EMA繼續舉行並關閉高於每週0.181美元的阻力，則可以擴大集會，以重新測試其下一個阻力水平，為0.220美元。

The weekly chart’s Relative Strength Index (RSI) turns flat below its neutral level of 50, indicating an easing of bearish momentum and opening the door to a rebound.

每週圖表的相對強度指數（RSI）在其中性50的水平以下平坦，這表明看跌動量放鬆並打開反彈的大門。

DOGE/USDT weekly chart

Doge/USDT每週圖表

However, suppose DOGE fails to find support around the 200-week EMA and closes below it. In that case, the bullish thesis will be invalidated, leading to a decline to test its next weekly support level at $0.078.

但是，假設Doge無法在200週的EMA附近找到支持，並且在其下面關閉。在這種情況下，看漲論文將無效，導致下一個每週的支持水平的下降，為0.078美元。