Dogecoin has been struggling to recover from Thursday’s crash as it trades within a falling wedge pattern with key resistance at the $0.20 psychological level.

Dogecoin一直在努力從周四的墜機事故中恢復，因為它在傾斜的楔形模式下進行交易，其關鍵阻力為0.20美元。

While technical indicators remain bullish, derivatives data from CoinGlass shows growing market caution with rising liquidations and declining open interest.

儘管技術指標仍然看漲，但來自套職勒斯的衍生品數據表明，隨著清算的上漲和開放興趣的下降，市場的謹慎量不斷增長。

As major cryptocurrencies like Bitcoin and Ethereum remain largely in the red on Friday, Dogecoin’s technical outlook suggests a potential breakout rally.

由於比特幣和以太坊等主要加密貨幣在星期五仍然在紅色中，因此Dogecoin的技術前景暗示了潛在的突破集會。

Can DOGE rally to reach the $0.20 psychological level in an attempt to recover from Thursday’s crash?

Doge Rally能否達到0.20美元的心理水平，以試圖從周四的崩潰中恢復？

Dogecoin Price Analysis

Dogecoin價格分析

On the 4-hour chart, Dogecoin is forming a falling wedge pattern amid its recent downtrend. Currently, DOGE is trading near the upper boundary of the pattern, with lower support at $0.1795.

在4小時的圖表上，Dogecoin在最近的下降趨勢中形成了一個下落的楔形圖案。目前，Doge在模式的上邊界附近進行交易，較低的支撐為0.1795美元。

Despite bullish efforts, Dogecoin is down nearly 1% today, increasing the risk of a potential decline within the wedge pattern. However, technical indicators such as the RSI and MACD remain in positive territory as DOGE clings to its weekly gains.

儘管看漲了努力，但如今，多黴素下降了近1％，增加了楔形模式中潛在下降的風險。但是，RSI和MACD等技術指標仍處於積極的領域，因為Doge緊貼著每週的收益。

The RSI, at 44, is hovering close to the midpoint after bouncing from the oversold region, while the MACD and signal lines are steadily moving toward the zero line.

44歲時，RSI從超售區域彈跳後徘徊在中點附近，而MACD和信號線正穩步向零線移動。

However, the MACD also warns of a possible bearish crossover as the price edges lower.

但是，MACD還警告出可能的看跌交叉，因為價格邊緣降低。

A breakout above the wedge’s upper boundary could put the $0.20 psychological resistance in focus, followed by the $0.22 supply zone in case of further gains.

楔形上邊界上方的突破可能會使$ 0.20的心理阻力成為重點，其次是$ 0.22的供應區，以防進一步增長。

Conversely, a candlestick close below the $0.1795 support on the 4-hour chart could drive Dogecoin toward the $0.1641 level.

相反，在4小時圖表上的0.1795 $ 0.1795支持下，燭台可以將Dogecoin推向$ 0.1641的水平。

Optimism Fades in Dogecoin Derivatives

樂觀情緒淡出了狗狗衍生物

As Dogecoin stands at a critical juncture, optimism appears to be waning in the derivatives market.

由於Dogecoin處於關鍵時刻，樂觀情緒似乎在衍生品市場中正在減弱。

According to CoinGlass, open interest has decreased by 1.44%, falling to $1.90 billion. Additionally, 24-hour liquidations have surged to $3 million, with long positions taking the brunt of the liquidations at $1.89 million, indicating that more bullish traders were liquidated amid recent volatility.

根據Coinglass的數據，開放興趣減少了1.44％，降至190億美元。此外，24小時的清算已飆升至300萬美元，長期以來，清算首當其為189萬美元，這表明在最近波動性的情況下，更多的看漲商人被清算了。

Bullish sentiment continues to decline, as the OI-weighted funding rate has dropped to 0.0054%, down from a peak of 0.0075% in the past 8 hours.

看漲的情緒繼續下降，因為OI加權籌資率已下降到0.0054％，低於過去8小時的0.0075％的峰值。

However, the long-to-short ratio remains closely balanced at 1.0032 over the past 24 hours, signaling an almost equal number of bullish and bearish positions.

但是，在過去的24小時內，遠程比率保持在1.0032處，表明幾乎相等的看漲和看跌位置。