Dogecoin Whales Prepare for Bullish Reversal

狗狗幣鯨魚為看漲逆轉做好準備

On-chain data indicates that Dogecoin (DOGE) whales are accumulating the meme coin ahead of a potential rally.

鏈上數據表明，狗狗幣（DOGE）鯨魚正在在潛在的反彈之前積累模因幣。

Whales Accumulate Millions of DOGE

鯨魚累積了數百萬 DOGE

On July 10th, Dogecoin whales purchased 364.38 million DOGE, marking an 868% surge from the previous day. This accumulation continued on July 12th with the acquisition of 114.71 million DOGE.

7月10日，狗狗幣鯨魚購買了3.6,438億枚DOGE，較前一日激增868%。這種累積在 7 月 12 日繼續進行，收購了 1.1471 億個 DOGE。

Metrics Suggest Bullish Trend

指標顯示看漲趨勢

According to IntoTheBlock, most DOGE holders are now "in the money," indicating minimal selling pressure. Additionally, the $0.10 support level proved crucial in preventing significant declines.

據 IntoTheBlock 稱，大多數 DOGE 持有者現在都處於「價內」狀態，這表明拋售壓力很小。此外，事實證明，0.10 美元的支撐位對於防止大幅下跌至關重要。

Bitcoin Correlation Influences DOGE Rally

比特幣相關性影響 DOGE 反彈

Dogecoin's positive price correlation with Bitcoin (BTC) is expected to contribute to its rally. As BTC recovers and aims for $60,000, DOGE is poised to follow suit.

狗狗幣與比特幣（BTC）的正價格相關性預計將有助於其上漲。隨著 BTC 復甦並瞄準 60,000 美元，DOGE 也準備效仿。

Analyst Predictions

分析師預測

Analyst Kevin predicts a surge in DOGE if BTC continues its bull run. He projects a potential price target of $3.

分析師 Kevin 預測，如果 BTC 繼續多頭市場，DOGE 將會飆升。他預計潛在目標價為 3 美元。

Market Sentiment

市場情緒

While current conditions may not appear favorable, analysts remain bullish on Dogecoin. Altcoin Sherpa anticipates "big numbers" for the meme coin later this year, while Andrew Kang predicts new highs by the end of the year or early 2025.

儘管目前的情況可能看起來並不有利，但分析師仍然看好狗狗幣。 Altcoin Sherpa 預計這款模因幣將在今年晚些時候出現“大數字”，而 Andrew Kang 則預測到今年年底或 2025 年初將創下新高。