• Dogecoin faces a crucial moment with a 2% price decline to $0.09318 in the last 24 hours.

狗狗幣面臨關鍵時刻，過去 24 小時內價格下跌 2% 至 0.09318 美元。

• Trading volume drops by 18% to $859 million, indicating subdued day trader sentiment.

交易量下降 18% 至 8.59 億美元，顯示日間交易者情緒低迷。

• Daily Active Addresses (DAA) surge by 62.93% to 158,140, providing potential for growth-boosting transactions.

每日活躍地址（DAA）激增 62.93% 至 158,140，為促進交易成長提供了潛力。

The Dogecoin (DOGE) market finds itself at a pivotal juncture, with on-chain data revealing a nuanced narrative that weaves between the bearish and bullish camps.

狗狗幣（DOGE）市場發現自己正處於關鍵時刻，鏈上數據揭示了看跌和看漲陣營之間交織的微妙敘事。

As of the latest data from CoinMarketCap, Dogecoin is valued at $0.09318, reflecting a 2% decline over the past 24 hours. Amidst this downturn, a closer examination of on-chain metrics reveals a dynamic interplay of conflicting indicators that could shape the trajectory of this premier meme coin.

截至 CoinMarketCap 的最新數據，狗狗幣估值為 0.09318 美元，過去 24 小時下跌 2%。在經濟低迷時期，對鏈上指標的仔細檢查揭示了相互衝突的指標之間的動態相互作用，這些指標可能會影響這一主要模因代幣的發展軌跡。

Divergence in Dogecoin on-chain signals

狗狗幣鏈上訊號的分歧

While Dogecoin grapples with an 18% dip in trading volume, totaling $859 million, signaling a subdued sentiment among day traders, a distinctive twist emerges in the form of Daily Active Addresses (DAA).

雖然狗狗幣的交易量下降了 18%（總計 8.59 億美元），這表明日內交易者的情緒低迷，但每日活躍地址 (DAA) 的形式出現了一個獨特的變化。

Data from IntoTheBlock (ITB) points to a notable uptick in DAA, showcasing a growth rate of 62.93%, with the active addresses numbering 158,140. This surge in active addresses positions Dogecoin favorably, suggesting a potential avenue for growth-boosting transactions that could influence DOGE’s market dynamics.

IntoTheBlock（ITB）的數據顯示，DAA 顯著上升，成長率為 62.93%，活躍位址數為 158,140 個。活躍地址的激增對狗狗幣有利，這表明促進成長的交易的潛在途徑可能會影響狗狗幣的市場動態。

Concurrently, the landscape of whale activities within the Dogecoin ecosystem introduces an element of complexity. Over the past week, whale transactions, representing a substantial $1.23 billion, have witnessed an unexpected 24.16% decline.

同時，狗狗幣生態系統內的鯨魚活動景觀也引入了複雜性。過去一周，鯨魚交易額高達 12.3 億美元，出乎意料地下降了 24.16%。

This downturn in significant transactions by major players in the network raises questions about the anticipated resurgence of the beloved meme coin.

網路中主要參與者的重大交易量低迷引發了人們對備受喜愛的迷因幣的預期復甦的質疑。

In recent times, Dogecoin demonstrated resilience and ambition, eliminating a zero from its valuation amidst a sustained uptrend. With a monthly peak of $0.1058, the Fear and Greed Index, a key sentiment indicator, surpassed the 80 mark.

最近一段時間，狗狗幣表現出了韌性和雄心，在持續的上漲趨勢中消除了其估值的零。關鍵情緒指標恐懼與貪婪指數突破 80 大關，月度高峰為 0.1058 美元。

Despite the current market dip, the index now stands at 65, signifying a moderation in sentiment. Nevertheless, Dogecoin continues to enjoy robust demand from a diverse investor base.

儘管當前市場下跌，但該指數目前仍處於 65 點，顯示市場情緒有所緩和。儘管如此，狗狗幣仍然受到多元化投資者群體的強勁需求。