Dogecoin (DOGE) has seen a rapid price surge recently, gaining nearly 40% in a week as it rose from the $0.16 level to hit a local high above $0.25. While this rally has brought renewed interest in the meme coin sector, some market analysts are highlighting the technical structure that has emerged since late 2023.

Dogecoin（Doge）最近出現了迅速的價格上漲，一周內增長了近40％，因為它從0.16美元上漲，以高於0.25美元的價格達到當地高位。儘管這次集會引起了對模因硬幣行業的新興趣，但一些市場分析師強調了自2023年底以來出現的技術結構。

As the price action from May 7 onward shows, there has been sustained buying activity with minimal retracement, which may indicate continued interest from investors.

正如5月7日起的價格行動所述，以最低限度的回溯活動進行了持續的購買活動，這可能表明投資者的興趣持續。

However, more importantly, there has been a shift in the long-term price formation of Dogecoin, which could be suggesting a macro reversal in progress.

但是，更重要的是，多黴素的長期價格形成發生了變化，這可能表明正在進行宏觀逆轉。

Long-Term Reversal Pattern Could Take DOGE Above $1

長期逆轉模式可能會以1美元以上的價格佔用

For instance, a detailed DOGE/USDT analysis by Javon Marks highlighted Dogecoin's breakout above multi-year descending resistance, which began after the coin peaked at nearly $0.70. Notably, this breakout, which occurred in late 2023, marked the end of a prolonged series of lower highs and lower lows.

例如，Javon Marks的詳細Doge/USDT分析強調了Dogecoin的突破超過了多年的下降抵抗，該電阻始於硬幣的峰值，近乎0.70美元。值得注意的是，這種突破發生在2023年底，標誌著一系列長時間的高高和下部低點的末尾。

Since then, Dogecoin has displayed a consistent pattern of higher highs and higher lows, a key indicator of strengthening bullish momentum. The most recent retracement found support around the $0.16 area, forming a new higher low and reinforcing the emerging bullish structure.

從那時起，Dogecoin表現出高高和更高低點的一致模式，這是增強看漲勢頭的關鍵指標。最近的回答發現，在0.16美元的面積附近的支持下，形成了新的更高的低點，並增強了新興的看漲結構。

Following this development, Marks projects a potential high at $0.6533, representing a 162% increase from current price levels.

隨著這一開發，MarkS預計潛在的高度為0.6533美元，比目前的價格水平增長了162％。

As the price chart shows, the next resistance is at $0.548, which is the 1.272 Fibonacci Extension level from the March 2023 low to the May 2023 high. A decisive breakout through this zone could also open the path toward additional gains, potentially extending beyond the coveted $1 level and surging toward $1.25.

正如價格圖所示，下一個電阻為0.548美元，這是2023年3月至2023年5月高的斐波那契延伸水平的1.272。通過該區域的決定性突破也可能打開通往額外收益的道路，有可能延伸到令人垂涎的$ 1水平，並飆升至1.25美元。

Ascending Support Line Reinforces Broader Bullish Trend

上升支持線增強了更廣泛的看漲趨勢

In a separate DOGE/USDT chart analysis, analyst Ali Martinez identified a long-term ascending support trendline. This line has remained intact for over seven months, beginning in October 2023 and extending through May 2025.

在單獨的Doge/USDT圖表分析中，分析師Ali Martinez確定了長期上升的支持趨勢線。從2023年10月開始，該線一直保持完整七個月，一直延伸至2025年5月。

It has served as a foundation for the broader bullish pattern. Most recently, the price action tested this support in April 2025 and rebounded, maintaining the asset's upward trajectory and confirming the trendline's significance.

它已成為更廣泛的看漲模式的基礎。最近，價格行動在2025年4月測試了這一支持，並反彈，保持了資產的上升軌跡，並確認了趨勢線的重要性。

Currently, Dogecoin has moved past the 0.382 Fibonacci retracement level and is approaching a near-term technical target of $0.27, which sits just above the 0.5 Fibonacci mark.

目前，Dogecoin已經超過了0.382的斐波那契回撤水平，並且接近0.27美元的近期技術目標，該目標位於0.5斐波那契大關以上。

Fibonnaci levels are used by technical traders to identify price targets and optimal exit points for trades.

技術交易者使用纖維納基水平來確定價格目標和交易的最佳出口點。

Open Interest and Whale Accumulation

開放興趣和鯨魚積累

As of May 11, futures market data from Binance shows that 75% of Dogecoin positions are long, with only 24.99% short, resulting in a long/short ratio of 3.0.

截至5月11日，來自二元公司的期貨市場數據表明，75％的狗狗蛋白位置長，僅短24.99％，導致3.0的長度/短比率為3.0。

This metric indicates that for every trader expecting a price drop, three anticipate a continued rise. While this demonstrates high levels of bullish sentiment, it also introduces potential volatility, especially if the market moves counter to the dominant positioning.

該指標表明，對於每個期望價格下跌的交易者，三個預計會繼續上升。儘管這表明了高級看漲情緒，但它也引入了潛在的波動性，尤其是在市場與主導地位相反的情況下。

In addition to futures positioning, on-chain data highlights increased whale activity. Since the beginning of 2024, blockchain data from Glassnode shows that entities holding 10 million DOGE or more have been accumulating. During this period, they have added over 500 million DOGE to their wallets.

除了期貨定位外，鏈上數據還強調了鯨魚活動的增加。自2024年初以來，玻璃節的區塊鏈數據表明，擁有1000萬門或更多的實體正在積累。在此期間，他們在錢包中增加了超過5億多名。

Moreover, an analysis by blockchain analytics firm Chainalysis in April 2024 revealed that a small group of cryptocurrency traders, known as "whales," are largely responsible for the recent surge in Dogecoin.

此外，區塊鏈分析公司鏈分析於2024年4月進行的分析表明，一小群加密貨幣交易者（稱為“鯨魚”）在很大程度上是造成狗狗幣最近激增的原因。