The Dogecoin open interest has seen a good amount of growth over the last few months, culminating in the total finally crossing the $500 million threshold. However, the price of the meme coin continues to trend low, which begs the question of whether the DOGE price is looking to put on a delayed rally.

過去幾個月，狗狗幣的未平倉部位大幅成長，最終總額突破了 5 億美元的門檻。然而，meme 幣的價格繼續走低，這引發了一個問題：DOGE 價格是否會延遲上漲。

Dogecoin Open Interest Climbs Above $500 Million

狗狗幣未平倉合約攀升至 5 億美元以上

According to data from CoinGlass, the Dogecoin open interest has successfully crossed the $450 million level. This is not the first time that the open interest has been this high and the historical performance during times like these could suggest a rapid increase in the DOGE price is on the way.

根據 CoinGlass 的數據，狗狗幣持倉量已成功突破 4.5 億美元水準。這並不是第一次未平倉合約如此之高，在這樣的時期的歷史表現可能表明 DOGE 價格即將快速上漲。

The open interest which refers to the total number of futures or options contracts in the Dogecoin market tells us the amount of money that investors are throwing into DOGE derivatives at this time. The bets on the cryptocurrency can either be long or short. But a recurring theme is that price usually rises when the open interest increases.

未平倉合約是指狗狗幣市場上的期貨或選擇權合約總數，它告訴我們投資者此時投入狗狗幣衍生性商品的金額。加密貨幣的押注可以是多頭也可以是空頭。但一個反覆出現的主題是，當未平倉合約增加時，價格通常會上漲。

The marked increase in the Dogecoin open interest first began in late October, going from its October lows of $226 million to as high as $375 million before the month was over. This trend continued into the month of November when the open interest ran above $500 million. However, the price has not followed in its usual manner.

狗狗幣未平倉合約的顯著成長首先從 10 月底開始，在該月結束前從 10 月的低點 2.26 億美元增至高達 3.75 億美元。這一趨勢一直持續到 11 月份，當時未平倉合約超過 5 億美元。然而，價格並沒有按照通常的方式進行。

Delayed DOGE Rally Could Trigger Return Above $0.2

DOGE 反彈延遲可能引發 0.2 美元以上的回報

It is no secret that the price of Dogecoin has not performed as well as some other altcoins in the market over the past month. This comes even amid new milestones and network growth for the meme coin. For example, the total Dogecoin holder count finally crossed 5 million, and there has been a lot of growth in its network usage. But none of these have been reflected in the price.

眾所周知，過去一個月狗狗幣的價格表現不如市場上其他一些山寨幣。即使是在模因幣的新里程碑和網路增長的情況下，這也是如此。例如，狗狗幣持有者總數最終突破了 500 萬，其網路使用量也出現了很大的增長。但這些都沒有反映在價格上。

This suggests that DOGE is currently holding out for a delayed rally and it is not out of the ordinary as DOGE has been known to rally outside of the general crypto market trend. So as the crypto market recovery nears what looks to be a wind-down, it could signal that it is time for Dogecoin to shine.

這表明 DOGE 目前正在等待延遲上漲，這並不反常，因為眾所周知，DOGE 的反彈超出了整體加密市場趨勢。因此，隨著加密貨幣市場的復甦接近尾聲，這可能表明狗狗幣是時候大放異彩了。

Using the performances of the likes of Solana (SOL) over the last month, DOGE could be looking at the $0.2 target. As crypto analyst Ali Martinez points out, the altcoin is facing significant resistance at $0.87. But once DOGE clears this resistance, then the price could easily double from here.

根據 Solana (SOL) 等公司上個月的表現，DOGE 的目標可能是 0.2 美元。正如加密貨幣分析師 Ali Martinez 指出的那樣，山寨幣在 0.87 美元處面臨重大阻力。但一旦 DOGE 清除了這一阻力，那麼價格很容易就會從這裡翻倍。