The price of Dogecoin (DOGE) dropped slightly on Wednesday, leading a mild retrace in the wider altcoin market as Bitcoin (BTC) price dropped below $105k again. The total crypto market cap dropped 3 percent in the past 24 hours to hover about $3.4 trillion on Wednesday, during the late North American trading session.

Dogecoin（Doge）的价格在周三略有下跌，随着比特币（BTC）的价格再次下跌10.5亿美元，在更广泛的Altcoin市场中进行了温和的反培训。在过去的24小时内，加密货币市值下降了3％，在北美贸易会议期间，周三悬停了约3.4万亿美元。

Dogecoin price dropped around 3 percent to retest the support level of around $0.187 at the time of this writing. Nonetheless, the top memecoin, with a fully diluted valuation of about $28 billion and a 24-hour trading volume of around $748 million, has recorded a 10 percent gain in the past four weeks.

在撰写本文时，Dogecoin的价格下降了约3％，以重新测试支撑水平约0.187美元。尽管如此，最高的纪念品的估值全额约为280亿美元，交易量约为7.48亿美元，在过去的四个星期中的收益率为10％。

What Went Wrong?

怎么了？

The broader crypto market experienced a mild retrace in the last 24 hours as the price of Bitcoin fell below the $105,000 mark once more. In the 24-hour period, the market encountered a slight setback, with the total cryptocurrency market capitalization decreasing by 3 percent to stand at approximately $3.4 trillion during the late stages of North American trading on Wednesday.

在过去的24小时内，更广泛的加密货币市场经历了温和的回顾，因为比特币的价格再次低于105,000美元。在24小时的时期，市场遇到了轻微的挫折，在北美交易的后期，总的加密货币市值下降了3％，约为3.4万亿美元。

As the primary cryptocurrency, Bitcoin exhibited a decline of 2 percent, bringing its price to $104,300. Meanwhile, the price of Ether (ETH) underwent a more significant reduction of 4 percent, pushing it to $2,030.

作为主要加密货币，比特币的价格下降了2％，其价格为104,300美元。同时，以太（ETH）的价格更大的降低了4％，将其提高到2,030美元。

Relative to other major altcoins, which displayed smaller price drops, the price of Dogecoin (DOGE) experienced a downturn of about 3 percent, placing it back at the support zone of $0.187. Despite the setback, the memecoin giant, boasting a fully diluted valuation of $28 billion and a 24-hour trading volume of $748 million, managed to rally by 10 percent over the past four weeks.

相对于其他主要山寨币的价格下跌，Dogecoin（Doge）的价格下降了约3％，将其放回了支撑区0.187美元。尽管遇到了挫折，但这家Memecoin巨头的估值完全稀释为280亿美元，交易量为7.48亿美元，在过去的四个星期中的估值为7.48亿美元，在过去的四个星期中提高了10％。

Dogecoin Network Thrives on Institutional Demand

Dogecoin网络在机构需求方面蓬勃发展

A veteran altcoin secured through the proof-of-work (PoW) consensus mechanism, the Dogecoin network has continued to attract more institutional investors. As Coinpedia reported previously, the odds of a spot Dogecoin ETF approval in the United States before the end of this year are still very high.

Dogecoin网络通过工作证明（POW）共识机制确保了一位资深的Altcoin，继续吸引更多的机构投资者。正如Coinpedia先前报道的那样，今年年底之前在美国获得了Dogecoin ETF批准的几率仍然很高。

According to Polymarket, the odds of the U.S. SEC approving a spot DOGE ETF before the end of this year stands at 51 percent chance, up 15 percent in the past 24 hours. Some of the fund managers seeking to offer spot DOGE ETFs in the United States include 21Shares, Grayscale, Bitwise, and Rex Shares among others.

根据Polymarket的说法，美国SEC在今年年底之前批准了Doge ETF的几率为51％的机会，在过去的24小时中增长了15％。一些寻求在美国提供现场Doge ETF的基金经理包括21shares，Grayscale，Bitwise和Rex股票。

Also, the Coinbase-backed Base network announced the launch of a wrapped DOGE, thus enhancing the memecoin’s adoption via DeFi and smart contracts.

此外，由Coinbase支持的基本网络宣布推出包裹的Doge，从而通过Defi和Smart Contracts增强了Memecoin的采用。

Midterm Targets for DOGE Price

门票价格的中期目标

Dogecoin price is expected to experience a significant surge before entering a prolonged falling wedge pullback.

在进入长时间的楔形下回调之前，预计狗狗的价格会经历巨大的激增。

Credit: Ben Armstrong

图片来源：本·阿姆斯特朗（Ben Armstrong）

Dogecoin price has continued to signal bullish sentiment amid the rising calls for the onset of altseason 2025.

Dogecoin Price继续表示看涨的情绪，这是在2025年Altseason发作的上升呼吁中。

Furthermore, Bitcoin dominance has experienced significant resistance around 65 percent, thus signaling an imminent reversal in the near future.

此外，比特币优势在65％左右具有显着的抵抗力，因此在不久的将来表明了即将发生的逆转。

From a technical analysis standpoint, DOGE price is on the cusp of a fresh rally toward its all-time high. In the daily timeframe, DOGE price has already broken out of a falling wedge pattern, thus confirming the bases of a parabolic curve ahead. A consistent close above 26 cents will set the stage for an imminent parabolic rally beyond $1 in the near future.

从技术分析的角度来看，Doge的价格是在新的集会上朝着历史最高高的风口浪尖。在日常的时间范围内，Doge Price已经从掉落的楔形图案中损坏，从而确认了抛物线曲线的基础。一致的接近26美分以上的一致性将在不久的将来为即将到来的抛物线集会奠定基础。