Dogecoin May Rally as Selling Pressure Decreases

隨著拋售壓力下降，狗狗幣可能會反彈

Several on-chain indicators suggest that Dogecoin (DOGE) may rally to $0.50.

多項鏈上指標表明狗狗幣（DOGE）可能會上漲至 0.50 美元。

Dogecoin's Surge and Correction

狗狗幣的飆升與修正

DOGE recently reached a three-year high of $0.44 after Elon Musk's confirmation of his role in the Department of Government Efficiency. However, traders began taking profits, leading to a 15% pullback.

在馬斯克(Elon Musk)確認其在政府效率部的職務後，DOGE 最近達到了三年來的最高點 0.44 美元。然而，交易員開始獲利了結，導致價格回檔 15%。

Reduced Selling Pressure

減少銷售壓力

On-chain data shows a significant reduction in selling pressure this week. The Age Consumed metric, which measures the movement of long-held tokens, has declined by 95%. This indicates that fewer long-term holders are selling, potentially setting the stage for a price increase.

鏈上數據顯示本週拋壓明顯減輕。衡量長期持有代幣變動的「消耗年齡」指標已下降 95%。這表明出售的長期持有者減少，可能為價格上漲奠定基礎。

Technical Analysis

技術分析

The Volume-Weighted Average Price (VWAP) at $0.395 suggests bullish momentum. The current market price of $0.399 is above the VWAP, indicating increased short-term demand.

成交量加權平均價格 (VWAP) 為 0.395 美元，顯示看漲勢頭。當前市場價格為 0.399 美元，高於 VWAP，顯示短期需求增加。

The Donchian Channel indicator shows initial resistance at $0.44, which could lead to a continuation of the uptrend and a potential next milestone of $0.50. A breach below the midline of $0.29 could indicate a correction, but the bullish narrative remains intact.

唐奇安通道指標顯示初始阻力位為 0.44 美元，這可能會導致上升趨勢的延續，並可能達到 0.50 美元的下一個里程碑。跌破 0.29 美元的中線可能預示著回調，但看漲的敘述仍然完好無損。

Conclusion

結論

Reduced selling pressure and promising technical indicators support the potential for Dogecoin to rally to $0.50.

拋售壓力的減輕和有希望的技術指標支持狗狗幣反彈至 0.50 美元的潛力。