Bitcoin price dropped below $35,000 a few hours ago and is now attempting to recover after testing its recent support. Meanwhile, market-value/”>DOGE is currently trading at $0.068. The altcoin market has experienced some volatility and minor corrections. So, what is the current situation for Dogecoin investors, and which levels should they focus on?

幾個小時前，比特幣價格跌破 35,000 美元，目前在測試其近期支撐位後正試圖恢復。同時，

Dogecoin (DOGE)

狗狗幣 (DOGE)

According to on-chain data, whale activity increased from 790 to 1090 between November 27 and early December. This could be due to the overall market sentiment and the celebrations surrounding DOGE. During the same period last year, DOGE whale activity increased by approximately 450%. The 2022 DOGE Day celebration resulted in a 100% price increase from $0.060. Of course, we should not forget the impact of Elon Musk and the Twitter sales factor.

鏈上數據顯示，11 月 27 日至 12 月初期間，鯨魚活動從 790 頭增加到 1090 頭。這可能是由於整體市場情緒和圍繞 DOGE 的慶祝活動。去年同期，DOGE 鯨魚活動增加了約 450%。 2022 年 DOGE 日慶祝活動導致價格從 0.060 美元上漲 100%。當然，我們不應該忘記伊隆馬斯克和推特銷售因素的影響。

So, what about Dogecoin miners? Between October 25 and November 1, miners took a break from selling and accumulated 40 million DOGE. We previously mentioned that we might not see a significant price increase in the medium term due to the massive sales by DOGE miners. This turned out to be true, and the 40 million DOGE purchased by miners did not have much impact on the price.

那麼，狗狗幣礦工呢？ 10 月 25 日至 11 月 1 日期間，礦工暫停拋售，累積了 4,000 萬枚 DOGE。我們之前提到過，由於 DOGE 礦機的大量拋售，中期內價格可能不會大幅上漲。事實證明這是真的，礦工購買的4000萬DOGE並沒有對價格造成太大影響。

Miners, who have accumulated only $2.8 million, may still believe that the price could drop to more reasonable levels. To be sure, we need to monitor how long the accumulation will continue. If the accumulation persists, the resistance levels will weaken as selling pressure decreases, and smaller investors will be encouraged to buy.

僅累積了 280 萬美元的礦工可能仍然相信價格可能會下降到更合理的水平。當然，我們需要監控累積會持續多久。如果吸籌持續存在，阻力位將隨著拋售壓力下降而減弱，小型投資者將被鼓勵買入。

The Future of DOGE Price

DOGE價格的未來

In an environment where miners have paused selling and started accumulating, while whales’ risk appetite has increased again, what will happen to the price of DOGE? For now, it seems that an overly optimistic approach would be unwarranted. Moreover, the withdrawal of Musk’s support and the almost certain exclusion of Dogecoin from Twitter’s payment services have eliminated positive external factors.

在礦工暫停拋售並開始囤積、鯨魚風險偏好再次上升的環境下，DOGE的價格會發生什麼變化？目前看來，過於樂觀的做法似乎是沒有根據的。此外，馬斯克撤回支持以及幾乎肯定將狗狗幣排除在 Twitter 支付服務之外，已經消除了積極的外部因素。

The critical level for DOGE price was $0.069, which has been lost. The price dropped to $0.065, and if selling continues, it could revisit $0.06.

DOGE 價格的關鍵水準為 0.069 美元，現已下跌。價格跌至 0.065 美元，如果拋售繼續，可能會重新回到 0.06 美元。

On the daily chart, a close below $0.067 indicates that selling pressure could continue towards $0.064 and $0.0616.

在日線圖上，收盤價低於 0.067 美元表明拋售壓力可能會持續至 0.064 美元和 0.0616 美元。

With the price attempting to re-enter the parallel channel that formed in August, bulls are facing a challenging task.

隨著價格試圖重新進入八月形成的平行通道，多頭面臨著艱鉅的任務。

繼續閱讀：https://en.coin-turk.com/dogecoin-doge-on-chain-data-and-price-analysis/