Dogecoin might face a potential sell-off soon, which could cause its price to drop. This concern arises as a substantial portion of Dogecoin is nearing a point where it could become profitable to sell. If this happens, it wouldn’t be surprising to see many investors selling their Dogecoin holdings to lock in some profits.

狗狗幣可能很快就會面臨潛在的拋售，這可能會導致其價格下跌。這種擔憂是在狗狗幣的很大一部分接近出售獲利點時出現的。如果發生這種情況，許多投資者出售其持有的狗狗幣以鎖定部分利潤也就不足為奇了。

An intriguing situation arises with Dogecoin’s price potentially reaching $0.17, as it could have both positive and negative implications. Many Dogecoin coins were purchased when the price ranged between $0.15 and $0.168. If the price surpasses $0.17, all of these coins would be in profit.

狗狗幣的價格可能達到 0.17 美元，出現了一個有趣的情況，因為它可能產生積極和消極的影響。許多狗狗幣是在價格在 0.15 美元到 0.168 美元之間時購買的。如果價格超過 0.17 美元，所有這些代幣都將獲利。

Potential Implications of Dogecoin’s Price Movement

10 Billion DOGE Coins Await Profit at $0.17: Data from IntoTheBlock reveals that around 10 billion DOGE coins are currently positioned at a level where they would become profitable if Dogecoin’s price surpasses $0.17. This equates to more than $1.58 billion in value waiting for the $0.17 price point to be reached.

狗狗幣價格變動的潛在影響 100 億枚 DOGE 幣以 0.17 美元的價格等待盈利：IntoTheBlock 的數據顯示，如果狗狗幣的價格超過 0.17 美元，大約 100 億枚 DOGE 幣目前處於盈利水平。這相當於等待達到 0.17 美元價格點的價值超過 15.8 億美元。

Source: IntoTheBlock

來源：IntoTheBlock

Balancing Act for Dogecoin’s Future: While a rise above $0.17 would be a positive development for the meme coin, it also exposes it to the risk of a sell-off from these holders. Considering that Dogecoin’s price remained relatively stable for much of 2023 before showing some upward movement in March 2024, there is a sense of investor fatigue. Some holders may opt to cash out their profits at the first opportunity.

狗狗幣未來的平衡法：雖然價格上漲至 0.17 美元以上對於這款迷因幣來說是一個積極的發展，但它也使其面臨這些持有者拋售的風險。考慮到狗狗幣的價格在 2023 年的大部分時間裡保持相對穩定，然後在 2024 年 3 月出現一些上漲，投資者有一種疲勞感。一些持有者可能會選擇在第一時間兌現利潤。

Considerations for Investors: Nevertheless, it’s worth noting that surpassing $0.17 may not yield significant profits for many investors. Therefore, they might prefer to hold onto their Dogecoin until prices rise further, rather than selling at a breakeven point.

投資者註意事項：然而，值得注意的是，超過 0.17 美元可能不會為許多投資者帶來可觀的利潤。因此，他們可能更願意持有狗狗幣直到價格進一步上漲，而不是在損益兩平點出售。

Also Read: Meme Coins PEPE- WIF- BONK Surge; Is DOGE Next in Line for a Rally?

另請閱讀：Meme 幣 PEPE-WIF-BONK Surge； DOGE 會是下一個集會嗎？

Current Status and Analyst Predictions for Dogecoin

Presently, the price of Dogecoin remains 7% below the $0.17 level, leaving some room for movement before reaching that point. However, if a significant number of DOGE investors opt to sell their coins, it could drive the price back down towards the $0.15 support level.

狗狗幣的現狀和分析師預測 目前，狗狗幣的價格仍比 0.17 美元水平低 7%，在達到該水平之前留有一定的波動空間。然而，如果大量 DOGE 投資者選擇出售他們的代幣，可能會導致價格回落至 0.15 美元的支撐位。

Despite the potential for a sell-off, bullish sentiment persists within the Dogecoin community. Several crypto analysts have forecasted substantial gains for DOGE’s price. Analyst Altcoin Sherpa is optimistic about Dogecoin’s performance in 2024, expecting it to outshine many other altcoins.

儘管有拋售的可能性，但狗狗幣社群內的看漲情緒依然存在。幾位加密貨幣分析師預測 DOGE 的價格將大幅上漲。分析師 Altcoin Sherpa 對狗狗幣 2024 年的表現持樂觀態度，預計它將超越許多其他山寨幣。

DOGE price trending at $0.158 | Source: DOGEUSDT on Tradingview.com

DOGE 價格趨勢為 0.158 美元 |來源：Tradingview.com 上的 DOGEUSDT

Another analyst, Ali Martinez, suggests that Dogecoin has entered the buy zone, making it an attractive option for accumulation. Martinez predicts that the DOGE price could surge by as much as 700% from its current levels, surpassing the $1 threshold and establishing a new all-time high.

另一位分析師阿里馬丁內斯 (Ali Martinez) 表示，狗狗幣已進入買入區域，使其成為有吸引力的累積選項。馬丁內斯預測，DOGE 的價格可能會從當前水平飆升 700%，突破 1 美元門檻並創下新的歷史高點。

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

重要提示：請注意，本文僅旨在提供信息，不應被視為法律、稅務、投資、財務或任何其他類型的建議。