Dogecoin has a bullish market structure, once again. The lack of trading volume might dent the bullish sentiment.

狗狗幣再次呈現看漲的市場結構。交易量不足可能會削弱看漲情緒。

Dogecoin [DOGE] was in an uptrend over the past month after breaching the $0.165 resistance and forming a series of higher lows. However, a recent AMBCrypto report noted that the Weighted Sentiment behind the meme token was negative. Despite the performance over the past three weeks, the public did not appear to be on board with DOGE’s bullish targets.

狗狗幣 [DOGE] 在突破 0.165 美元阻力位並形成一系列更高的低點後，在過去一個月處於上升趨勢。然而，最近的 AMBCrypto 報告指出，meme 代幣背後的加權情緒是負面的。儘管過去三週表現良好，但大眾似乎不認同狗狗幣的看漲目標。

Technical analysis showed that this weak social sentiment had other effects on the token in the market. The lack of hype was visible on the volume indicators

技術分析表明，這種疲軟的社會情緒對市場上的代幣還有其他影響。從成交量指標可以看出缺乏炒作

[Source: DOGE/USDT on TradingView]

[來源：TradingView 上的 DOGE/USDT]

The volume saw a slight uptick in the past week after Monday the 20th of May’s strong price performance. However, this volume increase was very little compared to the late February rally, or even the gains or late March. The OBV, alongside the price, formed a series of higher lows in May. However, due to the small trading volume this month compared to previous months, it was unable to break above the significant lower highs it formed in April.

繼 5 月 20 日星期一強勁的價格表現之後，過去一周成交量略有上升。然而，與2月底的反彈相比，甚至與3月底的漲幅相比，這一成交量的增幅非常小。 OBV 與價格一起在 5 月形成了一系列更高的低點。然而，由於本月交易量較前幾個月較小，因此未能突破 4 月形成的顯著較低高點。

The RSI on the daily chart showed a reading of 58 and reflected strong momentum. The price was knocking at the doors of the 50% Fibonacci retracement level at $0.175 and should be able to climb above it soon. The liquidations were few

日線圖上的 RSI 顯示為 58，反映出強勁的勢頭。價格正在敲擊 50% 斐波那契回撤位 0.175 美元的大門，並且應該很快就會突破該水平。清算數量很少

[Source: Coinalyze]

[來源：Coinalyze]

The Open Interest soared from $800 million to $931 million in the past 24 hours as DOGE gained close to 8.5% in value. This was evidence of strong bullish sentiment from speculators and suggested that they expected more gains. The liquidations were also minimal in the past 24 hours. The volatility on the 24th saw a large amount of long positions liquidated.

在過去 24 小時內，未平倉合約從 8 億美元飆升至 9.31 億美元，DOGE 價值上漲近 8.5%。這證明了投機者的強烈看漲情緒，並表明他們預計會有更多收益。過去 24 小時內的清算也很少。 24日的波動導致多頭部位大量平倉。

Realistic or not, here’s DOGE’s market cap in BTC’s terms

不管現實與否，這是以 BTC 計算的 DOGE 市值

The relative lack of short liquidations as prices climbed higher indicated that market participants were not keen on going short. The spot CVD also slowly climbed higher over the past two days. If the metrics can maintain their trend, Dogecoin would likely reclaim the $0.175 level as support.

隨著價格走高，空頭清算相對較少，這表明市場參與者並不熱衷於做空。過去兩天現貨CVD也緩慢攀升。如果這些指標能夠維持其趨勢，狗狗幣可能會奪回 0.175 美元的支撐位。

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Next: TRUMP memecoin soars 20% as Donald Trump publicly embraces crypto

下一篇：唐納德·川普公開擁抱加密貨幣，川普 memecoin 飆升 20%

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