• Despite bullish signals, the CVD showed that DOGE’s price might not hit $0.20 soon.
• Traders are convinced that the coin will be profitable in the long term.

Dogecoin’s [DOGE] price climbed by 6.21% in the last 24 hours after an earlier decline to $0.14. But analyst Ali Martinez posted that this could just be the start of an uptrend that could last four days.

儘管有看漲訊號，CVD 顯示DOGE 的價格可能不會很快達到0.20 美元。 0.14 美元後，在過去24 小時內上漲了6.21% 。但分析師阿里馬丁內斯表示，這可能只是持續四天的上升趨勢的開始。

According to Martinez, the Tom DeMark (TD) Sequential on the daily chart showed a buy signal. The TD Sequential is a technical used to identify trend exhaustion and potential reversal.

根據馬丁內斯的說法，日線圖上的 Tom DeMark (TD) 序列顯示出買入訊號。 TD 順序是一種用於識別趨勢耗盡和潛在逆轉的技術。

From the chart the analyst shared, sellers got exhausted after DOGE hit $0.14. Hence, an uptick was supposed to be the next step.

從分析師分享的圖表來看，在 DOGE 觸及 0.14 美元後，賣家精疲力盡。因此，下一步應該是上漲。

Source: X

來源：X

DOGE Day came with good tidings

Apart from the technical perspective, AMBCrypto identified “DOGE Day” on the 20th of April as another reason the price of the coin jumped.

DOGE Day 帶來好消息除了技術角度之外，AMBCrypto 將 4 月 20 日的「DOGE Day」確定為代幣價格上漲的另一個原因。

Previously, we reported how Dogecoin could experience a price increase in the lead-up to the day.

之前，我們報道了狗狗幣在當天的前夕如何經歷價格上漲。

Interestingly, it seemed that the day that the project’s community designed to celebrate proved to be a “buy the rumor” event for the price.

有趣的是，該項目社區設計的慶祝活動似乎被證明是一場「以價格購買謠言」的活動。

But will a “sell the news” effect come after? According to data from Coinalyze, the Cumulative Volume Delta (CVD) was down to negative territory.

但隨後會出現「推銷新聞」效應嗎？根據 Coinalyze 的數據，累積交易量增量 (CVD) 已降至負值。

This trend implied that sellers were likely to meet the bid and pay the current market price for the coin. If this continues, then DOGE might not be able to surpass $0.20 in the short term.

這種趨勢意味著賣家可能會滿足出價並以當前的市場價格購買代幣。如果這種情況持續下去，那麼短期內DOGE可能無法突破0.20美元。

Source: Coinalyze

來源：Coinalyze

On the other hand, if the CVD rises, buyers might trade in the offer while sellers might be sidelined. In this instance, the value of the coin might continue to rise for the rest of the week.

另一方面，如果CVD上升，買家可能會進行報價，而賣家可能會觀望。在這種情況下，代幣的價值可能會在本週剩餘時間內繼續上漲。

Furthermore, AMBCrypto considered the price prediction from an on-chain angle. One of the metrics we looked at first was the volume.

此外，AMBCrypto 從鏈上角度考慮了價格預測。我們首先關注的指標之一是數量。

The price may slow down

As of this writing, Dogecoin’s increased slightly within the same period its price climbed. However, it seemed that the rising volume might not be enough to back a breakout.

價格可能會放緩截至撰寫本文時，狗狗幣的價格在其價格上漲的同一時期內略有上漲。然而，成交量的增加似乎不足以支持突破。

Hence, DOGE’s price might stall at some point before the new week ends. But in a case where the trading volume rises significantly alongside the price, the bullish thesis might be invalidated.

因此，DOGE 的價格可能會在新一周結束前的某個時刻停滯不前。但如果交易量隨價格大幅上漲，看漲論點可能會失效。

In addition, Dogecoin’s aggregated Funding Spiked to 0.01%. Positive funding means long-positioned traders are paying shorts a fee to keep their positions open.

此外，狗狗幣的融資總額飆升至 0.01%。正資金意味著多頭交易者需要向空頭支付費用以保持其持倉。

Source: Santiment

資料來源：Santiment

This indicates a bullish sentiment. However, Funding Rate could give an insight into the possible movement of the price.

這表示看漲情緒。然而，資金費率可以讓我們了解價格可能的變動。

For DOGE, the high positive funding with the price increase, suggests that perp longs are aggressive.

對 DOGE 來說，價格上漲帶來的高額正融資顯示永續多頭的熱情。

Is your portfolio green? Check the DOGE Profit Calculator

您的投資組合是綠色的嗎？查看 DOGE 利潤計算器

Interestingly, these traders are being rewarded for their position. In the short term, this is bullish for DOGE. However, if funding becomes lower, the bullish forecast might be invalidated.

有趣的是，這些交易者因其地位而獲得獎勵。短期來看，這對 DOGE 來說是利多的。然而，如果資金減少，看漲預測可能會失效。

But for now, DOGE seemed ready to rise higher than $0.16.

但就目前而言，DOGE 似乎已準備好上漲至 0.16 美元以上。

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