Dogecoin price dropped 4.97% recently, trading at $0.2200 despite recording a monthly gain of 20.57%. The decline came as DOGE hit a resistance level that has previously triggered retracements on five occasions.

Dogecoin的价格最近下跌了4.97％，尽管每月收益为20.57％，但仍以0.2200美元的价格交易。下降是因为Doge达到了阻力水平，该电阻率曾五次触发了回波。

The meme coin remains the largest in its category with over $32 billion in market capitalization. It currently trades 53% below its November peak and 68% above its November low.

模因硬币仍然是其类别中最大的，市值超过320亿美元。目前，它的交易价格低于11月的峰值53％，比11月低的低点交易。

This pattern showcases strong buying pressure at lower prices, which bodes well for further gains in the long term.

这种模式以较低的价格展示了强大的购买压力，从长远来看，这实现了进一步的收益。

At the same time, the upper boundary of the pattern, which sits at $0.4522, is crucial as it acts as a strong resistance level.

同时，该图案的上限为0.4522美元，至关重要，因为它充当了强阻力水平。

Handles Form at Key Fibonacci Level

手柄形式在钥匙fibonacci级别

The cup section of the pattern shows a rounded bottom with horizontal support, while the handle portion represents a pullback from the pattern's high at $0.4522 to the pattern's low at $0.1295.

图案的杯赛部分显示了一个圆形的底部，并带有水平支撑，而手柄部分则表示该图案的回调为$ 0.4522，到该图案的低点，为0.1295美元。

This pullback reached the 0.382 Fibonacci level of the major rally from the 2022 lows, providing support for the rebound.

从2022年的低点，这种回调达到了主要集会的0.382斐波那契水平，为反弹提供了支持。

Moreover, the pattern's profit target can be calculated by measuring the cup's 92% depth and projecting that distance upward from the pattern's neckline.

此外，可以通过测量杯子的92％深度并将与图案领口的距离投射到向上的距离来计算模式的利润目标。

This calculation arrives at a target price of $0.8630, which is about 285% higher than current price levels.

该计算的目标价格为0.8630美元，比目前的价格水平高约285％。

However, it's worth noting that the pattern requires a decisive break above the cup's rim at $0.4522 to activate.

但是，值得注意的是，该模式需要在杯子的边缘上方的决定性突破，以$ 0.4522的激活。

A failure to clear this level could lead to further price declines and postpone the pattern's implication.

无法清除这一水平可能会导致进一步的价格下降并推迟该模式的含义。

On the other hand, if the pattern plays out as anticipated, it could propel DOGE to fresh yearly highs and open possibilities for even higher price movements in the subsequent stages of the bull market.

另一方面，如果该模式按预期的是，它可能会推动新鲜的高潮和开放可能性，并在随后的牛市阶段更高的价格变动。

The post Dogecoin: Strong Buying Activity Despite Price Drop, Liquidation Levels Key appeared first on Benzinga.

Dogecoin邮政：尽管价格下降，但强大的购买活动仍在Benzinga上首先出现。