Dogecoin (CRYPTO: DOGE) price is hovering around $0.168 on Wednesday after bouncing off its 200-week Exponential Moving Average (EMA) last week. As meme coins continue to rally, Santiment’s data shows that DOGE’s utility and whale wallets are rising, hinting at a potential rally for the dog-themed memecoin.

Dogecoin（加密：Doge）价格在上周弹跳了200周的指数式移动平均线（EMA）后，周三徘徊在0.168美元左右。随着模因硬币继续集会，Santiment的数据表明，Doge的效用和鲸鱼钱包正在上升，暗示了以狗为主题的Memecoin的潜在集会。

Like most meme coins, Dogecoin has been hammered during the 2-month crypto-wide retracement phase. Despite this correction, Santiment data shows that wallets holding at least 1 million DOGE tokens have been rising since the start of February and have risen 1.24%. Moreover, active addresses are also at 4-month highs, reaching over 150,000 addresses. This rise in holders’ wallets and utility indicates a potential breakout on the horizon for the dog-themed memecoin.

像大多数模因硬币一样，在整个加密货币回回阶段，狗狗币也被锤打。尽管进行了这种纠正，但Santiment数据表明，自2月初以来，持有至少100万个门将令牌的钱包一直在上升，并且上升了1.24％。此外，主动地址也在4个月的高点，达到150,000多个地址。持有人的钱包和效用的这种上升表明，以狗为主题的纪念物的潜在突破。

Dogecoin on-chain metric chart. Source: Santiment

Dogecoin链式公制图。资料来源：santiment

Dogecoin technical outlook: Bulls aim for $0.22 mark if 200-week EMA support holds

Dogecoin技术前景：如果200周EMA支持，公牛的目标是0.22美元。

Dogecoin price tested and found support around its 200-week EMA at $0.136 last week. As of Wednesday, DOGE continues to trade above its 200-week EMA, hovering around $0.168.

Dogecoin Price在200周EMA上进行了测试，并在上周为0.136美元获得了支持。截至周三，Doge继续以超过200周的EMA交易，徘徊在0.168美元左右。

If the 200-week EMA continues to hold and DOGE closes above the weekly resistance of $0.181, it could extend the rally to retest its next resistance level at $0.220.

如果200周的EMA继续举行并关闭高于每周0.181美元的阻力，则可以扩大集会，以重新测试其下一个阻力水平，为0.220美元。

The weekly chart’s Relative Strength Index (RSI) turns flat below its neutral level of 50, indicating an easing of bearish momentum and opening the door to a rebound.

每周图表的相对强度指数（RSI）在其中性50的水平以下平坦，这表明看跌动量放松并打开反弹的大门。

DOGE/USDT weekly chart

Doge/USDT每周图表

However, suppose DOGE fails to find support around the 200-week EMA and closes below it. In that case, the bullish thesis will be invalidated, leading to a decline to test its next weekly support level at $0.078.

但是，假设Doge无法在200周的EMA附近找到支持，并且在其下面关闭。在这种情况下，看涨论文将无效，导致下一个每周的支持水平的下降，为0.078美元。