Dogecoin (DOGE) has seen a rapid price surge recently, gaining nearly 40% in a week as it rose from the $0.16 level to hit a local high above $0.25. While this rally has brought renewed interest in the meme coin sector, some market analysts are highlighting the technical structure that has emerged since late 2023.

Dogecoin（Doge）最近出现了迅速的价格上涨，一周内增长了近40％，因为它从0.16美元上涨，以高于0.25美元的价格达到当地高位。尽管这次集会引起了对模因硬币行业的新兴趣，但一些市场分析师强调了自2023年底以来出现的技术结构。

As the price action from May 7 onward shows, there has been sustained buying activity with minimal retracement, which may indicate continued interest from investors.

正如5月7日起的价格行动所述，以最低限度的回溯活动进行了持续的购买活动，这可能表明投资者的兴趣持续。

However, more importantly, there has been a shift in the long-term price formation of Dogecoin, which could be suggesting a macro reversal in progress.

但是，更重要的是，多霉素的长期价格形成发生了变化，这可能表明正在进行宏观逆转。

Long-Term Reversal Pattern Could Take DOGE Above $1

长期逆转模式可能会以1美元以上的价格占用

For instance, a detailed DOGE/USDT analysis by Javon Marks highlighted Dogecoin's breakout above multi-year descending resistance, which began after the coin peaked at nearly $0.70. Notably, this breakout, which occurred in late 2023, marked the end of a prolonged series of lower highs and lower lows.

例如，Javon Marks的详细Doge/USDT分析强调了Dogecoin的突破超过了多年的下降抵抗，该电阻始于硬币的峰值，近乎0.70美元。值得注意的是，这种突破发生在2023年底，标志着一系列长时间的高高和下部低点的末尾。

Since then, Dogecoin has displayed a consistent pattern of higher highs and higher lows, a key indicator of strengthening bullish momentum. The most recent retracement found support around the $0.16 area, forming a new higher low and reinforcing the emerging bullish structure.

从那时起，Dogecoin表现出高高和更高低点的一致模式，这是增强看涨势头的关键指标。最近的回答发现，在0.16美元的面积附近的支持下，形成了新的更高的低点，并增强了新兴的看涨结构。

Following this development, Marks projects a potential high at $0.6533, representing a 162% increase from current price levels.

随着这一开发，MarkS预计潜在的高度为0.6533美元，比目前的价格水平增长了162％。

As the price chart shows, the next resistance is at $0.548, which is the 1.272 Fibonacci Extension level from the March 2023 low to the May 2023 high. A decisive breakout through this zone could also open the path toward additional gains, potentially extending beyond the coveted $1 level and surging toward $1.25.

正如价格图所示，下一个电阻为0.548美元，这是2023年3月至2023年5月高的斐波那契延伸水平的1.272。通过这一区域进行决定性的突破也可能打开通往额外收益的道路，有可能延伸到令人垂涎的$ 1水平，并飙升至1.25美元。

Ascending Support Line Reinforces Broader Bullish Trend

上升支持线增强了更广泛的看涨趋势

In a separate DOGE/USDT chart analysis, analyst Ali Martinez identified a long-term ascending support trendline. This line has remained intact for over seven months, beginning in October 2023 and extending through May 2025.

在单独的Doge/USDT图表分析中，分析师Ali Martinez确定了长期上升的支持趋势线。从2023年10月开始，该线一直保持完整七个月，一直延伸至2025年5月。

It has served as a foundation for the broader bullish pattern. Most recently, the price action tested this support in April 2025 and rebounded, maintaining the asset's upward trajectory and confirming the trendline's significance.

它已成为更广泛的看涨模式的基础。最近，价格行动在2025年4月测试了这一支持，并反弹，保持了资产的上升轨迹，并确认了趋势线的重要性。

Currently, Dogecoin has moved past the 0.382 Fibonacci retracement level and is approaching a near-term technical target of $0.27, which sits just above the 0.5 Fibonacci mark.

目前，Dogecoin已经超过了0.382的斐波那契回撤水平，并且接近0.27美元的近期技术目标，该目标位于0.5斐波那契大关以上。

Fibonnaci levels are used by technical traders to identify price targets and optimal exit points for trades.

技术交易者使用纤维纳基水平来确定价格目标和交易的最佳出口点。

Open Interest and Whale Accumulation

开放兴趣和鲸鱼积累

As of May 11, futures market data from Binance shows that 75% of Dogecoin positions are long, with only 24.99% short, resulting in a long/short ratio of 3.0.

截至5月11日，来自二元公司的期货市场数据表明，75％的狗狗蛋白位置长，仅短24.99％，导致3.0的长度/短比率为3.0。

This metric indicates that for every trader expecting a price drop, three anticipate a continued rise. While this demonstrates high levels of bullish sentiment, it also introduces potential volatility, especially if the market moves counter to the dominant positioning.

该指标表明，对于每个期望价格下跌的交易者，三个预计会继续上升。尽管这表明了高级看涨情绪，但它也引入了潜在的波动性，尤其是在市场与主导地位相反的情况下。

In addition to futures positioning, on-chain data highlights increased whale activity. Since the beginning of 2024, blockchain data from Glassnode shows that entities holding 10 million DOGE or more have been accumulating. During this period, they have added over 500 million DOGE to their wallets.

除了期货定位外，链上数据还强调了鲸鱼活动的增加。自2024年初以来，玻璃节的区块链数据表明，拥有1000万门或更多的实体正在积累。在此期间，他们在钱包中增加了超过5亿多名。

Moreover, an analysis by blockchain analytics firm Chainalysis in April 2024 revealed that a small group of cryptocurrency traders, known as "whales," are largely responsible for the recent surge in Dogecoin.

此外，区块链分析公司链分析于2024年4月进行的分析表明，一小群加密货币交易者（称为“鲸鱼”）在很大程度上是造成狗狗币最近激增的原因。