Dogecoin (DOGE) price has rallied this month, mirroring the performance of Bitcoin and most altcoins.

Dogecoin（Doge）的價格在本月集會，反映了比特幣和大多數山寨幣的性能。

The biggest meme coin rose to $0.2357 on Wednesday, up by almost 80% from its lowest point in April. This recovery has led to speculation that it may jump to $1 during this cycle.

最大的模因硬幣上漲至週三的0.2357美元，比四月份的最低點增長了近80％。這種恢復導致人們猜測，在此週期中可能會躍升至$ 1。

Dogecoin has a few catalysts that may support its upward trend. The most notable is the potential approval of DOGE ETFs filed by companies like Bitwise, Grayscale, 21Shares, and Rex Shares.

Dogecoin有一些催化劑可能支持其上升趨勢。最值得注意的是Bitwise，Grayscale，21shares和Rex股票等公司提交的Doge ETF的潛在批准。

Polymarket odds of a spot ETF approval have risen to 63%, up from this month’s low of 60%. These odds have increased because Dogecoin is a proof-of-work coin like Bitcoin (BTC), meaning the SEC may not consider it a security.

ETF批准的聚合物賠率已上升至63％，高於本月低至60％的低點。這些賠率增加了，因為Dogecoin是像比特幣（BTC）這樣的工作證明硬幣，這意味著SEC可能不會認為它是安全性的。

Another potential catalyst for Dogecoin is the continued rise in volume in both the spot and futures markets.

Dogecoin的另一個潛在催化劑是現場和期貨市場的數量持續增加。

CoinGecko data shows that 24-hour trading volume jumped to $3.14 billion, higher than Shiba Inu’s (SHIB) $3.17 billion and Pepe’s (PEPE) $2.3 billion.

Coingecko數據顯示，24小時交易量躍升至31.4億美元，高於Shiba Inu（Shib）31.7億美元，Pepe（Pepe）23億美元。

CoinGlass data shows that Dogecoin futures open interest stood at $2.92 billion on Wednesday, a significant increase from last month’s low of less than $1 billion. The interest has remained above $2 billion since May 9.

Coinglass數據顯示，Dogecoin Futures Open Intery週三的股票為29.2億美元，與上個月低於10億美元的低點相比大幅增加。自5月9日以來，利息一直持續到20億美元。

Futures open interest is an important metric because it reflects the number of active contracts yet to be settled. A higher open interest indicates growing demand and liquidity.

期貨開放興趣是一個重要的指標，因為它反映了尚未解決的積極合同的數量。較高的開放興趣表明需求和流動性不斷增長。

Dogecoin may also benefit from the expected surge in Bitcoin price, as the two assets have a close correlation. Analysts at Standard Chartered, for example, have set a target of $200,000 for Bitcoin.

Dogecoin也可能受益於比特幣價格的預期增長，因為這兩個資產具有緊密的相關性。例如，《標準特許》的分析師為比特幣設定了20萬美元的目標。

Dogecoin price technical analysis

Dogecoin價格技術分析

The three-day chart shows that Dogecoin has gradually formed a large accumulation cylinder since October 2023. This structure is made up of two ascending and diverging trendlines, also known as a rising wedge or megaphone pattern.

為期三天的圖表表明，自2023年10月以來，Dogecoin逐漸形成了一個大型的積累圓柱體。該結構由兩個上升和不同的趨勢線組成，也稱為楔形楔形或超聲鍵模式。

The accumulation cylinder follows seven key points, which are illustrated in the chart above. A bullish breakout typically occurs at the seventh point in this formation.

累積缸遵循七個關鍵點，在上圖中說明了這一點。看漲的突破通常發生在此組中的第七點。

If the pattern holds, DOGE could rally toward the psychological level of $1. To do so, it must first break above the sixth level at $0.4877 and then surpass its all-time high of $0.7517 to confirm the bullish outlook.

如果該模式成立，Doge可能會朝著1美元的心理水平集結。為此，它必須首先以$ 0.4877的價格突破第六級，然後超過其歷史高度0.7517，以確認看漲的前景。

One caveat to this Dogecoin price prediction is that it’s based on a three-day chart, suggesting that a 325% rally to $1 may take several months, or even over a year, to play out. For example, the move from point 6 to 7 took more than five months to complete.

此Dogecoin價格預測的一個警告是，它是基於為期三天的圖表，這表明325％的集會至1美元可能需要幾個月甚至一年的時間才能發揮作用。例如，從第6點到7的移動花了五個多月才能完成。