Dogecoin (DOGE) price has rallied this month, mirroring the performance of Bitcoin and most altcoins.

Dogecoin（Doge）的价格在本月集会，反映了比特币和大多数山寨币的性能。

The biggest meme coin rose to $0.2357 on Wednesday, up by almost 80% from its lowest point in April. This recovery has led to speculation that it may jump to $1 during this cycle.

最大的模因硬币上涨至周三的0.2357美元，比四月份的最低点增长了近80％。这种恢复导致人们猜测，在此周期中可能会跃升至$ 1。

Dogecoin has a few catalysts that may support its upward trend. The most notable is the potential approval of DOGE ETFs filed by companies like Bitwise, Grayscale, 21Shares, and Rex Shares.

Dogecoin有一些催化剂可能支持其上升趋势。最值得注意的是Bitwise，Grayscale，21shares和Rex股票等公司提交的Doge ETF的潜在批准。

Polymarket odds of a spot ETF approval have risen to 63%, up from this month’s low of 60%. These odds have increased because Dogecoin is a proof-of-work coin like Bitcoin (BTC), meaning the SEC may not consider it a security.

ETF批准的聚合物赔率已上升至63％，高于本月低至60％的低点。这些赔率增加了，因为Dogecoin是像比特币（BTC）这样的工作证明硬币，这意味着SEC可能不会认为它是安全性的。

Another potential catalyst for Dogecoin is the continued rise in volume in both the spot and futures markets.

Dogecoin的另一个潜在催化剂是现场和期货市场的数量持续增加。

CoinGecko data shows that 24-hour trading volume jumped to $3.14 billion, higher than Shiba Inu’s (SHIB) $3.17 billion and Pepe’s (PEPE) $2.3 billion.

Coingecko数据显示，24小时交易量跃升至31.4亿美元，高于Shiba Inu（Shib）31.7亿美元，Pepe（Pepe）23亿美元。

CoinGlass data shows that Dogecoin futures open interest stood at $2.92 billion on Wednesday, a significant increase from last month’s low of less than $1 billion. The interest has remained above $2 billion since May 9.

Coinglass数据显示，Dogecoin Futures Open Intery周三的股票为29.2亿美元，与上个月低于10亿美元的低点相比大幅增加。自5月9日以来，利息一直持续到20亿美元。

Futures open interest is an important metric because it reflects the number of active contracts yet to be settled. A higher open interest indicates growing demand and liquidity.

期货开放兴趣是一个重要的指标，因为它反映了尚未解决的积极合同的数量。较高的开放兴趣表明需求和流动性不断增长。

Dogecoin may also benefit from the expected surge in Bitcoin price, as the two assets have a close correlation. Analysts at Standard Chartered, for example, have set a target of $200,000 for Bitcoin.

Dogecoin也可能受益于比特币价格的预期增长，因为这两个资产具有紧密的相关性。例如，《标准特许》的分析师为比特币设定了20万美元的目标。

Dogecoin price technical analysis

Dogecoin价格技术分析

The three-day chart shows that Dogecoin has gradually formed a large accumulation cylinder since October 2023. This structure is made up of two ascending and diverging trendlines, also known as a rising wedge or megaphone pattern.

为期三天的图表表明，自2023年10月以来，Dogecoin逐渐形成了一个大型的积累圆柱体。该结构由两个上升和不同的趋势线组成，也称为楔形楔形或超声键模式。

The accumulation cylinder follows seven key points, which are illustrated in the chart above. A bullish breakout typically occurs at the seventh point in this formation.

累积缸遵循七个关键点，在上图中说明了这一点。看涨的突破通常发生在此组中的第七点。

If the pattern holds, DOGE could rally toward the psychological level of $1. To do so, it must first break above the sixth level at $0.4877 and then surpass its all-time high of $0.7517 to confirm the bullish outlook.

如果该模式成立，Doge可能会朝着1美元的心理水平集结。为此，它必须首先以$ 0.4877的价格突破第六级，然后超过其历史高度0.7517，以确认看涨的前景。

One caveat to this Dogecoin price prediction is that it’s based on a three-day chart, suggesting that a 325% rally to $1 may take several months, or even over a year, to play out. For example, the move from point 6 to 7 took more than five months to complete.

此Dogecoin价格预测的一个警告是，它是基于为期三天的图表，这表明325％的集会至1美元可能需要几个月甚至一年的时间才能发挥作用。例如，从第6点到7的移动花了五个多月才能完成。