Dogecoin has been struggling to recover from Thursday’s crash as it trades within a falling wedge pattern with key resistance at the $0.20 psychological level.

Dogecoin一直在努力从周四的坠机事故中恢复，因为它在倾斜的楔形模式下进行交易，其关键阻力为0.20美元。

While technical indicators remain bullish, derivatives data from CoinGlass shows growing market caution with rising liquidations and declining open interest.

尽管技术指标仍然看涨，但来自套职勒斯的衍生品数据表明，随着清算的上涨和开放兴趣的下降，市场的谨慎量不断增长。

As major cryptocurrencies like Bitcoin and Ethereum remain largely in the red on Friday, Dogecoin’s technical outlook suggests a potential breakout rally.

由于比特币和以太坊等主要加密货币在星期五仍然在红色中，因此Dogecoin的技术前景暗示了潜在的突破集会。

Can DOGE rally to reach the $0.20 psychological level in an attempt to recover from Thursday’s crash?

Doge Rally能否达到0.20美元的心理水平，以试图从周四的崩溃中恢复？

Dogecoin Price Analysis

Dogecoin价格分析

On the 4-hour chart, Dogecoin is forming a falling wedge pattern amid its recent downtrend. Currently, DOGE is trading near the upper boundary of the pattern, with lower support at $0.1795.

在4小时的图表上，Dogecoin在最近的下降趋势中形成了一个下落的楔形图案。目前，Doge在模式的上边界附近进行交易，较低的支撑为0.1795美元。

Despite bullish efforts, Dogecoin is down nearly 1% today, increasing the risk of a potential decline within the wedge pattern. However, technical indicators such as the RSI and MACD remain in positive territory as DOGE clings to its weekly gains.

尽管看涨了努力，但如今，多霉素下降了近1％，增加了楔形模式中潜在下降的风险。但是，RSI和MACD等技术指标仍处于积极的领域，因为Doge紧贴着每周的收益。

The RSI, at 44, is hovering close to the midpoint after bouncing from the oversold region, while the MACD and signal lines are steadily moving toward the zero line.

44岁时，RSI从超售区域弹跳后徘徊在中点附近，而MACD和信号线正稳步向零线移动。

However, the MACD also warns of a possible bearish crossover as the price edges lower.

但是，MACD还警告出可能的看跌交叉，因为价格边缘降低。

A breakout above the wedge’s upper boundary could put the $0.20 psychological resistance in focus, followed by the $0.22 supply zone in case of further gains.

楔形上边界上方的突破可能会使$ 0.20的心理阻力成为重点，其次是$ 0.22的供应区，以防进一步增长。

Conversely, a candlestick close below the $0.1795 support on the 4-hour chart could drive Dogecoin toward the $0.1641 level.

相反，在4小时图表上的0.1795 $ 0.1795支持下，烛台可以将Dogecoin推向$ 0.1641的水平。

Optimism Fades in Dogecoin Derivatives

乐观情绪淡出了狗狗衍生物

As Dogecoin stands at a critical juncture, optimism appears to be waning in the derivatives market.

由于Dogecoin处于关键时刻，乐观情绪似乎在衍生品市场中正在减弱。

According to CoinGlass, open interest has decreased by 1.44%, falling to $1.90 billion. Additionally, 24-hour liquidations have surged to $3 million, with long positions taking the brunt of the liquidations at $1.89 million, indicating that more bullish traders were liquidated amid recent volatility.

根据Coinglass的数据，开放兴趣减少了1.44％，降至190亿美元。此外，24小时的清算已飙升至300万美元，长期以来，清算首当其为189万美元，这表明在最近波动性的情况下，更多的看涨商人被清算了。

Bullish sentiment continues to decline, as the OI-weighted funding rate has dropped to 0.0054%, down from a peak of 0.0075% in the past 8 hours.

看涨的情绪继续下降，因为OI加权筹资率已下降到0.0054％，低于过去8小时的0.0075％的峰值。

However, the long-to-short ratio remains closely balanced at 1.0032 over the past 24 hours, signaling an almost equal number of bullish and bearish positions.

但是，在过去的24小时内，远程比率保持在1.0032处，表明几乎相等的看涨和看跌位置。