Dogecoin, the king of meme coins, is known for its high volatility, but it has been moving steadily for months. The reason for this is Elon Musk’s decreased interest in it. The last opportunity was the sale and return to X on Twitter, but the community has lost hope for DOGE integration. Indeed, regulatory pressure is now something even Musk is afraid of.

狗狗幣是迷因幣之王，以其高波動性而聞名，但幾個月來一直穩定波動。原因是伊隆馬斯克(Elon Musk)對此的興趣下降。最後的機會是在 Twitter 上出售並回歸 X，但社群已經對 DOGE 整合失去了希望。事實上，監管壓力現在連馬斯克都感到害怕。

Dogecoin (DOGE) Analysis

狗狗幣（DOGE）分析

The price of DOGE is currently at $0.070, and the halt in BTC’s rise has also halted the price increase. At the time of writing, BTC has been able to maintain $36,000, so the outlook is currently positive. However, it is uncertain whether the significant selling pressure from the $38,000 test will continue. We will come back to the price, but for now, let’s take a look at the Dogecoin network data.

DOGE的價格目前為0.070美元，BTC上漲的停止也停止了價格的上漲。截至撰寫本文時，BTC 已能夠維持在 36,000 美元，因此目前前景樂觀。然而，38,000 美元測試帶來的巨大拋售壓力是否會持續尚不確定。我們將回到價格，但現在讓我們來看看狗狗幣網路數據。

There is an issue here. We previously mentioned that DOGE miners were accumulating in our previous analysis. The reserves, which reached 4.47 billion on November 6, had seen their peak at the end of October. However, in the past three days, miners have reduced their reserves to 4.41 billion. This means that while the price was rising, selling has intensified. This indicates that miners may not have been convinced by the recent rally. The selling trend has been ongoing since August 15 on a broader scale.

這裡有一個問題。我們之前在先前的分析中提到 DOGE 礦工正在累積。 11月6日，儲備金達44.7億，10月底達到高峰。然而，近三天以來，礦工已將儲備金減少至44.1億。這意味著，在價格上漲的同時，拋售也在加劇。這表明礦工可能並沒有被最近的上漲所說服。自 8 月 15 日以來，拋售趨勢一直在更廣泛的範圍內持續。

In the chart below, you can see the proportion of three groups consisting of whales, middle-class investors, and individual investors among total investors. In the past month, whales have reduced their holdings by 0.37%. However, the group that can be referred to as individual investors has increased by 1.43%. This indicates that senior investors are not hesitant to sell to individuals. The miner sales and their medium-term negative expectations appear to be consistent.

下圖可以看到鯨魚、中產階級投資者、個人投資者三個族群佔總投資者的比例。過去一個月，鯨魚減持了0.37%。然而，可以稱為個人投資者的群體卻增加了1.43%。這表明高級投資者在向個人出售股票時並不猶豫。礦商的銷售和他們的中期負面預期似乎是一致的。

Let’s dive into more detail. The large investors who have reduced their holdings are seen as addresses holding between 1 billion and 10 billion DOGE in the chart below. The most accumulation has been made by addresses holding between 10 thousand and 100 thousand DOGE.

讓我們深入了解更多細節。下圖中，減持的大投資者被視為持有 10 億至 100 億 DOGE 之間的地址。持有 10,000 到 100,000 DOGE 的地址累積最多。

DOGE Price Predictions

DOGE 價格預測

According to a FoxBusiness report at the time of writing, we learned that BlackRock is waiting for ETF approval until January (with high hopes in this regard). This is helpful for the continuation of positive sentiment for cryptocurrencies in the short term. As for the DOGE price, we see that it continues to linger around $0.071.

根據 FoxBusiness 在撰寫本文時的報導，我們了解到貝萊德正在等待 ETF 的批准，直到一月份（對此寄予厚望）。這有助於短期內加密貨幣積極情緒的持續。至於 DOGE 價格，我們看到它繼續徘徊在 0.071 美元左右。

The long upper wicks in the chart indicate that someone is selling at resistance levels. We mentioned this group earlier. For the bullish sentiment to become more apparent, the $0.075 area where selling is intensifying needs to turn into support. Then, targets of $0.095 and $0.1 can be aimed for with closings above $0.081.

圖表中的長上影線表示有人在阻力位賣出。我們之前提到過這個群體。為了讓看漲情緒變得更加明顯，拋售加劇的 0.075 美元區域需要轉變為支撐。然後，目標價為 0.095 美元和 0.1 美元，收盤價高於 0.081 美元。

繼續閱讀：https://en.coin-turk.com/dogecoin-doge-analysis-volatility-and-miner-reserves/