Bearish Trend in Dogecoin (DOGE) Amid Whale Activity

鯨魚活動期間狗狗幣（DOGE）看跌趨勢

Dogecoin (DOGE) has faced significant selling pressure recently, driven largely by the actions of large crypto holders known as "whales." This activity has contributed to a bearish outlook in the short term.

狗狗幣（DOGE）最近面臨巨大的拋售壓力，這主要是由被稱為「鯨魚」的大型加密貨幣持有者的行為所推動的。這項活動導致短期前景看跌。

Increased Selling by Whales

鯨魚銷量增加

The activity of whales has intensified, leading to a bearish signal known as a "death cross" on July 23. The short-term moving average has crossed below the long-term moving average, indicating a potential downturn.

鯨魚的活動加劇，導致7月23日出現被稱為「死亡交叉」的看跌訊號。

Imbalance in Supply and Demand

供需失衡

On-chain data reveals an imbalance between supply and demand, with a sharp increase in transaction volumes. Over seven days up to July 20, 2024, transactions peaked at 1,032. Furthermore, a massive 5.73 billion DOGE changed hands within the past 24 hours.

鏈上數據顯示供需不平衡，交易量急遽增加。截至 2024 年 7 月 20 日的 7 天內，交易量達到高峰 1,032 筆。此外，過去 24 小時內，有 57.3 億枚 DOGE 易手。

Potential Rebound Amidst Volatility

波動中可能反彈

Despite the bearish signals, the history of the crypto market suggests that periods of heavy selling can sometimes precede a rebound. These phases of capitulation may signal the end of a bearish cycle and the start of a bullish trend.

儘管存在看跌訊號，但加密貨幣市場的歷史表明，大量拋售有時可能會先於反彈。這些投降階段可能標誌著看跌週期的結束和看漲趨勢的開始。

On July 26, 2024, Dogecoin experienced a notable surge, rising by 5.2% at 2:40 AM. This volatility aligns with a broader renewed interest in memecoins as investors seek potential growth amidst market uncertainty.

2024 年 7 月 26 日，狗狗幣經歷了顯著飆升，凌晨 2:40 上漲 5.2%。隨著投資者在市場不確定性中尋求​​潛在成長，這種波動性與人們對迷因幣更廣泛的新興趣相一致。

Long-Term Outlook

長期展望

Dogecoin's future trajectory remains closely tied to investor sentiment and the overall crypto market dynamics. While larger cryptos face challenges, DOGE may potentially benefit from its loyal community and unique status within the crypto ecosystem.

狗狗幣的未來軌跡仍然與投資者情緒和整體加密貨幣市場動態密切相關。雖然較大的加密貨幣面臨挑戰，但 DOGE 可能會受益於其忠誠的社區和在加密貨幣生態系統中的獨特地位。