Benzinga - The cryptocurrency markets have seen better days as prices continue to decline. Dogecoin (CRYPTO: DOGE) is now trading at levels last seen in March, despite recent reports of a potential shift in macroeconomic trends that could benefit cryptocurrencies.

Benzinga-隨著價格繼續下跌，加密貨幣市場的日子已經好轉。 Dogecoin（Crypto：Doge）現在在3月最後一次出現的水平交易，儘管最近有報導稱宏觀經濟趨勢可能會受益，這可能受益於加密貨幣。

What Happened: According to the independent analyst VisionPulsed, Dogecoin is changing hands near $0.198 on Wednesday afternoon in Europe, almost 20 % below its late-March high yet still clinging to an eleven-month up-trend that now converges with a formidable technical inflection.

發生了什麼：根據獨立分析師Visionpulsed的說法，Dogecoin在歐洲週三下午在歐洲的0.198美元接近$ 0.198，幾乎低20％，低於其3月後期的高點，但仍持續到11個月的上升趨勢，現在與巨大的技術變化融為一體。

Speaking in a 10 June video, the analyst told viewers he had been "making the case that the first two weeks of June should be when we start moving up—if we're bullish. He conceded that "there is a chance the move has started" after Dogecoin closed a two-day candle back above the 0.618 Fibonacci retracement drawn from the December 2024 swing high.

分析師在6月10日的視頻中告訴觀眾，他一直在“表明6月的前兩個星期應該是我們開始上升時 - 如果我們看漲。

The backdrop VisionPulsed describes is notably risk-on. Bitcoin (CRYPTO: BTC) is hovering around $109,500, roughly 3% shy of its all-time high, while Ethereum (CRYPTO: ETH) has punched out a fresh twelve-month high above $2,790. In equities, the S&P Small-Cap 600—an index the analyst referenced when he quipped that "the S&P broke 600 yesterday"—posted its strongest five-day advance since March, a move the analyst interprets as validation of a global-liquidity gauge Global M2.

背景視覺的描述顯然是風險。比特幣（Crypto：BTC）徘徊在109,500美元左右，佔其歷史最高高的3％，而以太坊（Crypto：ETH）卻打出了一個新鮮的十二個月高，高於$ 2,790。在股票中，標準普爾小型600號（S＆P Smill-Cap 600） - 分析師在他打趣“昨天的標準普爾600分”時提到的分析師提到了自3月以來最強的五天進步，分析師將其解釋為對全球液體儀表全球M2的驗證。

Hash-ribbon signals on Bitcoin flipped positive two weeks ago, the analyst noted, historically an early marker of revived demand for risk assets. "Bitcoin at 110K says we should go up. Ethereum breaking out says we should go up. If we still don't go up… just pick a different investment choice."

這位分析師指出，兩週前，比特幣上的Hash-ribbon信號翻轉了陽性，這是歷史上早期對風險資產需求恢復的標誌。 “ 110k的比特幣表示我們應該上升。

Central to VisionPulsed's thesis is a 70-day cyclical window counted from Dogecoin's April 1 local low. "We're approaching that 70-day mark.… It is now the time for it to be bullish," he said, warning that failure to rally before mid-June would all but invalidate the setup.

VisionPulsed論文的核心是一個為期70天的周期性窗口，該窗口從Dogecoin的4月1日本地低點計數。他說：“我們正在接近這70天的標記。現在是時候看好它了。”他警告說，未能在6月中旬之前集會幾乎將其無效。

Yet the analyst concedes that Dogecoin's fate is tethered to the ETH/BTC pair and to Bitcoin dominance, which has remained stubbornly elevated: "When the ETH-BTC move does occur, that's going to be when the dominance falls and we need the dominance to fall because that's when Dogecoin goes to the moon." Until that rotation happens, any up-ticks in DOGE may remain prone to stalling beneath long-term resistance.

然而，分析師承認，狗狗的命運被束縛在ETH/BTC對，並佔據了比特幣的優勢，這一直固執地提升：“當Eth-BTC移動確實發生時，那是統治地位，我們需要統治地位才能下降，因為那是Dogecoin到達月球的時候。”在旋轉發生之前，門多格的任何上踢都可能仍然容易停滯在長期阻力之下。

VisionPulsed identifies three price milestones that will decide sentiment. A daily close above $0.23 would constitute the first clear break of the descending trend-line in place since December, while $0.30—the 0.618 retracement of the entire 2021–2024 bear market—marks the level at which, he says, "people will start talking about Dogecoin at your summer camp… it's going to be euphoric." Should time drag on, he allows that the trigger could slide to $0.27, but the message is stark: "If we just shoot up, it's still $0.30. If we take longer, it could be lower, but it's the same concept."

VisionPulsed確定了三個將決定情感的價格里程碑。自12月以來，每天關閉$ 0.23的每日關閉將構成下降趨勢線的第一個明顯突破，而0.30美元（整個2021 - 2024年熊市的0.618回溯，他都會在您的夏令營上談論Dogecoin，這將是令人欣喜的。”如果時間拖延，他允許扳機可以滑到0.27美元，但信息很明顯：“如果我們只是射擊，那仍然是0.30美元。如果我們花了更長的時間，它可能會較低，但這是相同的概念。”

With Bitcoin firm above six figures, Ethereum printing new local highs, and global liquidity gauges flashing green, the stage is set for an upside resolution. Whether Dogecoin can convert that macro tail-wind into a decisive break above $0.23—and ignite the $0.30 euphoria line—will become evident within the next fortnight.

由於比特幣公司高於六位數，以太坊打印了新的本地高點以及全球流動性測量表閃爍綠色，因此舞台旨在提出上行分辨率。 Dogecoin是否可以將宏觀尾聲轉換為果斷的巨額休息，並在下一周內顯而易見。

At press time, DOGE traded at $0.197.

發稿時，Doge的交易價格為0.197美元。