In a thrilling plot twist witnessed today, April 4, Dogecoin whales appear to have accumulated nearly 200 million DOGE, reverberating a frenzy across the cryptocurrency landscape. This move by the whales, emerging amid a substantial downtrend noted by the token, sparked speculations over a bolstered price action ahead.

4 月 4 日，在令人激動的情節轉折中，狗狗幣鯨魚似乎累積了近 2 億個 DOGE，在加密貨幣領域引起了軒然大波。鯨魚的這一舉動是在代幣大幅下跌的情況下出現的，引發了對未來價格走勢增強的猜測。

Meanwhile, DOGE continued to trade in the red today, moving sideways along the $0.18 mark. Concerning this, the meme coin appears to be finding some support at current prices, preventing it from facing a further slump. However, on-chain data for Dogecoin added a tint of bearish sentiments to the token, pinpointing a downtrend within the broader crypto market.

與此同時，DOGE 今天繼續下跌，沿著 0.18 美元關口橫盤整理。考慮到這一點，迷因幣似乎在當前價格下找到了一些支撐，防止其面臨進一步的暴跌。然而，狗狗幣的鏈上數據為該代幣增添了一絲看跌情緒，指出了更廣泛的加密市場的下降趨勢。

Dogecoin Whale Accumulation Sparks Curiosity

According to the data revealed by the blockchain tracker Whale Alert, 201.41 million DOGE was accumulated over the past 24 hours via two whales collectively. The first transaction illustrated a whale’s massive 121.41 million DOGE accumulation, worth $20.94 million. Whereas, the second transaction showcased 80 million coins accumulated, worth $13.74 million. Notably, both the transactions took place via Robinhood, a renowned American trading services platform.

狗狗幣鯨魚累積引發好奇根據區塊鏈追蹤器Whale Alert透露的數據，在過去24小時內，兩隻鯨魚總共累積了2.0141億DOGE。第一筆交易說明了鯨魚累積了 1.2141 億個 DOGE，價值 2,094 萬美元。而第二筆交易則累計了 8,000 萬枚代幣，價值 1,374 萬美元。值得注意的是，這兩筆交易都是透過美國著名的交易服務平台Robinhood。

🚨 121,419,495 #DOGE (20,944,843 USD) transferred from #Robinhood to unknown wallethttps://t.co/hvYaqDHnIm

🚨 121,419,495 #DOGE（20,944,843 美元）從 #Robinhood 轉移到未知錢包https://t.co/hvYaqDHnIm

— Whale Alert (@whale_alert) April 3, 2024

— 鯨魚警報 (@whale_alert) 2024 年 4 月 3 日

🚨 80,000,000 #DOGE (13,749,573 USD) transferred from #Robinhood to unknown wallethttps://t.co/GvNDIDjJy6

🚨 80,000,000 #DOGE（13,749,573 美元）從 #Robinhood 轉移到未知錢包https://t.co/GvNDIDjJy6

— Whale Alert (@whale_alert) April 3, 2024

— 鯨魚警報 (@whale_alert) 2024 年 4 月 3 日

Meanwhile, these transactions stirred a whirlpool of inferences orbiting a “buying-the-dip” sentiment prevailing among whales. This, in turn, sparked investor enthusiasm over a bolstered price trajectory for DOGE ahead.

同時，這些交易激起了圍繞鯨魚中普遍存在的「逢低買入」情緒的推論漩渦。這反過來又激發了投資者對 DOGE 未來價格走勢的熱情。

Contrastingly, market dynamics and on-chain data for the token conjured a perplexing backdrop surrounding Dogecoin’s price action ahead.

相較之下，該代幣的市場動態和鏈上數據讓人聯想到圍繞狗狗幣未來價格走勢的令人困惑的背景。

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Dogecoin Plunges

As of writing, the Dogecoin token’s price noted a fall of 2.76% in the past 24 hours. The token currently rests at $ 0.181, with its price dropping below this level quite a few times today.

狗狗幣暴跌 截至撰寫本文時，狗狗幣代幣的價格在過去 24 小時內下跌了 2.76%。該代幣目前價格為 0.181 美元，今天其價格已多次跌破該水平。

Analysis by CoinGape media earlier spotlighted an 8% bearish turn for DOGE remained poised, coinciding with the token’s continued plunge witnessed in the market today. Moreover, derivatives data unveiled by Coinglass revealed a 5.45% decrease in the token’s open interest, followed by a 27.71% dip in volume. This further underscored a strong downtrend for the dog-based meme token, mirroring the fall in DOGE price.

CoinGape 媒體早些時候的分析指出，DOGE 仍保持 8% 的看跌趨勢，與今天市場上該代幣的持續暴跌相吻合。此外，Coinglass 公佈的衍生性商品數據顯示，該代幣的未平倉合約減少了 5.45%，成交量也下降了 27.71%。這進一步凸顯了基於狗的 meme 代幣的強勁下跌趨勢，反映了 DOGE 價格的下跌。

However, technical indicators showcased a buying sentiment in the market, with the RSI hovering at 51. This undermined DOGE’s bearish movement today, signaling a neutral sentiment for DOGE and some buying pressure in the market. Should this buying pressure increase, DOGE’s fall could be further cushioned, while the massive whale accumulations further align with this and spark speculations over a bolstered price action ahead.

然而，技術指標顯示市場買入情緒高漲，RSI 徘徊在 51 水平。這削弱了 DOGE 今天的看跌走勢，顯示 DOGE 情緒中性，市場存在一定買盤壓力。如果這種購買壓力增加，DOGE 的下跌可能會進一步緩衝，而鯨魚的大量累積進一步與此相一致，並引發對未來價格走勢增強的猜測。

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