Dogecoin Witnesses Surge in Large Transactions Amid Market Turmoil

在市場動盪中，狗狗幣見證了大額交易的激增

Dogecoin (DOGE) has shown remarkable resilience, with its transaction volume reaching a staggering $1.09 billion in large trades.

狗狗幣（DOGE）表現出了非凡的韌性，其大額交易達到了驚人的 10.9 億美元。

This significant transaction volume, as tracked by IntoTheBlock, indicates heightened activity from major investors, including whales and institutional players. Such large transactions often signal increased buying or selling activity by these influential entities.

IntoTheBlock 追蹤的巨大交易量表明，包括鯨魚和機構參與者在內的主要投資者的活動有所增加。如此大的交易通常表明這些有影響力的實體的購買或銷售活動增加。

Market Volatility Impacts Dogecoin

市場波動影響狗狗幣

Despite its recent surge in large transactions, Dogecoin has not been immune to the wider market downturn. Bitcoin's dip to around $65,000 on Tuesday, triggered by concerns over potential cryptocurrency sales by the U.S. government, also impacted DOGE.

儘管最近大額交易激增，但狗狗幣也未能倖免於更廣泛的市場低迷。由於對美國政府潛在的加密貨幣銷售的擔憂，比特幣週二跌至 65,000 美元左右，也影響了 DOGE。

Consequently, Dogecoin has been trading in the red, reflecting the bearish market sentiment.

因此，狗狗幣一直處於虧損狀態，反映了看跌的市場情緒。

Price Analysis: Support and Resistance Dynamics

價格分析：支撐和阻力動態

After a four-day decline, Dogecoin found support at the 50-day Simple Moving Average (SMA) of $0.123. This recovery suggests that buyers may be attempting to establish this level as a new support base.

經過四天的下跌後，狗狗幣在 50 日簡單移動平均線 (SMA) 0.123 美元處找到支撐。這種復甦表明買家可能試圖將該水平建立為新的支撐基礎。

However, Dogecoin's current struggle is evident in its 3.16% decline over the past 24 hours and a 5.42% drop over the past week. The strength of the bulls' efforts to counter the selling pressure remains uncertain.

然而，狗狗幣目前的困境顯而易見，過去 24 小時內下跌 3.16%，過去一週下跌 5.42%。多頭應對拋售壓力的力道仍不確定。

Potential Scenarios

潛在場景

If the bulls succeed in maintaining the 50-day SMA as support, Dogecoin could experience a rally targeting the 200-day SMA at $0.134. A breakout above this level could lead to further gains towards $0.14 and potentially an upward trend towards $0.18.

如果多頭成功維持 50 日移動平均線作為支撐，狗狗幣可能會反彈，目標是 200 日移動平均線 0.134 美元。突破該水準可能會導致進一步上漲至 0.14 美元，並可能呈上升趨勢至 0.18 美元。

Conversely, if the bears push the price below $0.12, increased selling pressure could drive Dogecoin down to $0.10.

相反，如果空頭將價格推低至 0.12 美元以下，拋售壓力的增加可能會導致狗狗幣跌至 0.10 美元。

Disclaimer

免責聲明

This article is intended solely for informational purposes and should not be construed as investment advice.

本文僅供參考，不應視為投資建議。