The price of Dogecoin (CRYPTO: DOGE) is trading higher despite the fact that the meme coin is still down massively from its all-time high of $0.73, reached in late 2021.

尽管模因硬币仍然比2021年末达到的0.73美元的历史高点，但Dogecoin（Crypto：Doge）的价格仍在更高。

What Happened: The Dogecoin price soared 5% in the last 24 hours to trade at $0.1835 as of 3:47 a.m. EST on Thursday. This rise comes after a major offshoot of the Dogecoin Foundation, known as House of Doge, announced that it is set to launch a Dogecoin Reserve.

发生了什么：截至周四美国东部时间上午3:47，Dogecoin的价格在过去24小时内飙升了5％，价格为0.1835美元。这次上升是在Dogecoin基金会的主要分支（称为House of Doge）宣布将推出Dogecoin Reserve。

The body purchased 10 million DOGE tokens worth $1.82 million, signaling the meme coin’s potential as a global decentralized currency.

该机构购买了价值182万美元的1000万个总督代币，这表明了模因硬币作为全球分散货币的潜力。

The move also comes as a new report from Polychain Capital highlighted the possibility of an ETF for the meme coin. According to data from the platform, there is a 72% chance that an ETF for Dogecoin could be approved by the year's end.

此举还来自Polychain Capital的一份新报告强调了Meme Coin的ETF的可能性。根据该平台的数据，在今年年底可以批准Dogecoin的ETF有72％的机会。

See More: Best Meme Coins To Buy

查看更多：购买的最佳模因硬币

Why It Matters: The DOGE price has been forming a falling wedge pattern, which is usually a bullish chart formation. This pattern is characterized by two converging downward-sloping trendlines, which signals decreasing selling pressure.

它为什么重要的是：总督价格一直在形成下降的楔形模式，这通常是看涨的图表形成。该模式的特征是两个趋同的向下倾斜趋势线，这信号降低了销售压力。

The wedge began after the peak near $0.55, leading to a decline over several months, according to GeckoTerminal data.

根据Geckoterminal数据，楔形开始是在峰值接近0.55美元之后开始的，导致几个月的下降。

Point A

点

Point B

点b

Point C

点c

Point D

点d

The Dogecoin price chart also shows key points A, B, C, and D, which may be forming a classic ABCD pattern within the wedge. Point C is around $0.15, where the price of DOGE found strong support before bouncing higher.

Dogecoin价格图还显示了关键点A，B，C和D，这可能会在楔形内形成经典的ABCD图案。 C点约为0.15美元，在弹跳更高之前，Doge的价格得到了强有力的支持。

Now, the price of Dogecoin is testing the upper boundary of the wedge.

现在，Dogecoin的价格正在测试楔形的上限。

The 50-day Simple Moving Average of $0.2136 acts as near-term resistance, while the 200-day SMA of $0.2516 is a more crucial resistance level. A breakout above this average could indicate a shift in trend from bearish to bullish.

50天简单的移动平均值为0.2136美元，是近期阻力，而200天SMA为0.2516美元是更重要的阻力水平。超出平均水平的突破可能表明趋势从看跌向看涨。

The Relative Strength Index is at 47.34, which is just below the neutral 50 level. This indicates that the Dogecoin price is neither overbought nor oversold, but it also suggests that momentum is not that bullish yet. A push above 50 on the RSI could signal a strengthening bullish trend.

相对强度指数为47.34，仅低于中性50级。这表明，狗狗价格既不是过分买卖的，也没有超出代价，但也表明势头还不是那样看好。在RSI上超过50的推动力表明了增强看涨趋势。

The MACD (Moving Average Convergence Divergence) indicator shows signs of a possible bullish crossover. The blue MACD line is currently at 0.0046, which is slightly above the orange signal line at -0.0116, suggesting that bearish momentum is weakening.

MACD（移动平均收敛差异）指标显示了可能的看涨跨界的迹象。蓝色MACD线目前为0.0046，在-0.0116处略高于橙色信号线，这表明看跌动量正在减弱。

What Next For DOGE After Dogecoin Reserve Launch: According to the DOGE/USDT analysis, the Dogecoin price is now trading within the upper boundary of the falling wedge pattern.

DogeCoin储备金发布后的下一步：根据Doge/USDT分析，Dogecoin价格现在正在掉落楔形图案的上边界内交易。

If the breakout above the $0.2136 level occurs and the price manages to sustain itself above this level, the next key resistance would be at the 200-day SMA of $0.2516. A decisive move past this level could propel the DOGE price towards $0.30 and beyond, ultimately confirming a complete reversal of the trend.

如果出现高于$ 0.2136水平的突破，并且价格设法超过此级别，则下一个关键阻力将为200天SMA $ 0.2516。超越该水平的决定性举动可以将Doge价格推向0.30美元及以上，最终证实了这一趋势的完全逆转。

On the flipside, failure to break out may result in a pullback to the $0.15 support level, with further potential downside towards $0.12 if selling pressure intensifies.

另一方面，如果不突破可能会导致$ 0.15的支持水平的回调，如果销售压力加剧，则进一步的潜在偏低为0.12美元。

Also Read: Mind-Blowing Stats Show Why TRON’s TRX Is Outperforming Despite Crypto Winter

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