Dogecoin (CRYPTO: DOGE) was trading lower on Monday morning following an overnight spike that propelled it beyond $0.23.

Dogecoin（加密：Doge）在周一早上较低的交易，因为过夜尖峰推动了它超过0.23美元的推动力。

What Happened: The world’s largest meme coin by market capitalization experienced a volatile day of trading, with volumes more than doubling to $2.84 billion in the last 24 hours.

发生的事情是：按市值通过市值进行的全球最大的模因硬币经历了动荡的日子，在过去的24小时内，量增加了一倍以上，达到28.4亿美元。

DOGE broke past $0.23 twice on Sunday but was met with heavy resistance each time, leading to a U-turn. From its intraday high, the cryptocurrency has now pulled back by 8.7%, and over the last 24 hours, it is down more than 3%.

Doge在周日两次打破了0.23美元，但每次都会遇到重型阻力，导致掉头。从其盘中高点开始，加密货币现在已撤回8.7％，在过去的24小时内，下降了3％以上。

DOGE followed in Bitcoin’s (CRYPTO: BTC) footsteps, which rallied sharply Sunday night to tap $107,000, a level last seen nearly four months ago.

Doge紧随其后的是比特币（Crypto：BTC）的脚步，该脚步声在周日晚上急剧地集结了107,000美元，这是近四个月前的最后一个水平。

Cryptocurrency trader and analyst ''Chandler'' predicted that DOGE will “absolutely explode” when BTC hits a new high and manages to sustain it above $110,000.

加密货币交易者和“钱德勒”（Chandler）预测，当BTC达到新的高位并设法维持超过110,000美元时，Doge将“绝对爆炸”。

It’s heating up major league. Expect massive move in lower timeframes when this breakout.

它正在加热美国职棒大联盟。当此突破时，期望在较低的时间范围内进行大规模移动。

BTC new ATH = Doge Explode

BTC新ATH = Doge爆炸

BTC hold $110k = Doge Explode

BTC持有$ 110K = Doge爆炸

It’s the time to prepare for the FINAL leg of bull market. 😈🔥 pic.twitter.com/81t77pR68Z

现在是为牛市最后一步做准备的时候了。 😈🔥pic.twitter.com/81T77PR68Z

— (@chandler_btc) August 20, 2023

- （@chandler_btc）2023年8月20日

According to Coinglass, nearly 80% of derivatives traders on Binance who had active positions in DOGE were leveraged long, suggesting a positive outlook for the memecoin.

根据Coinglass的说法，在Doge有积极职位的Binance上，将近80％的衍生品交易员长期利用，这表明对Memecoin具有积极的前景。

The Bull Bear Power indicator, which assesses the strength of buyers and sellers, displayed a “Buy” signal for DOGE, as indicated by TradingView. However, the Momentum indicator, which measures the short-term price relative to the long-term price, signaled “Sell.”

如TradingView所示，评估买卖双方的强度的Bull Bear Power指示器显示了Doge的“买入”信号。但是，衡量相对于长期价格的短期价格的势头指标标志着“卖出”。

Price Action: At the time of writing, DOGE was trading at $0.2164, showing a decline of 3.31% over the past 24 hours, according to Benzinga Pro. For the year to date, the coin has experienced a decrease of 31%.

价格行动：根据Benzinga Pro的数据，在撰写本文时，Doge的交易价格为0.2164美元，在过去24小时内下降了3.31％。在迄今为止，硬币的降低了31％。

See More: Top 5 Cryptocurrency Price Predictions Today, August 21

查看更多：今天8月21日，前5个加密货币价格预测