The post Dogecoin’s Flat NVT Ratio Hints At Undervaluation Amid Price Surge! What’s Next For DOGE Price? appeared first on Coinpedia Fintech News

狗狗幣的 NVT 比率持平，暗示價格飆升期間估值被低估！ DOGE 價格的下一步是什麼？首先出現在 Coinpedia 金融科技新聞上

The meme coin market is pumping hard, triggered by Bitcoin’s recent surge towards the $64K level. Particularly noteworthy is Dogecoin, which has surpassed its resistance channels and recently reached the highly anticipated milestone of $0.1. However, the latest on-chain analysis indicates that there may be more room for growth for the meme coin, as a crucial indicator points to undervaluation despite its skyrocketing rise.

由於比特幣最近飆升至 64,000 美元的水平，模因幣市場正在蓬勃發展。特別值得注意的是狗狗幣，它已經突破了阻力通道，最近達到了備受期待的 0.1 美元里程碑。然而，最新的鏈上分析表明，迷因幣可能還有更大的成長空間，因為一個關鍵指標表明，儘管其飆升，但其估值仍被低估。

DOGE’s NVT Ratio Declines Amid Price Surge

DOGE 的 NVT 比率因價格飆升而下降

In the last 24 hours, the cryptocurrency market saw a notable rebound following a recent flash crash, resulting in the liquidation of almost $280 million in positions. This recovery in market prices was prompted by increased accumulation near support lines by holders. Particularly noteworthy is the liquidation of approximately $50 million in short positions within a 12-hour timeframe, alongside Dogecoin facing liquidations exceeding $3 million, with sellers accounting for around $2.2 million of this total.

在過去 24 小時內，加密貨幣市場在最近的閃崩後出現顯著反彈，導致近 2.8 億美元的部位被清算。市場價格的回升是由持有者在支撐線附近增加累積所推動的。特別值得注意的是，12 小時內大約有 5,000 萬美元的空頭部位被清算，而狗狗幣面臨超過 300 萬美元的清算，其中賣家約佔 220 萬美元。

Nevertheless, even though Dogecoin’s price is presently trending upwards, multiple on-chain indicators imply that this surge may not be sufficient, as DOGE price is poised to achieve additional gains. As per IntoTheBlock data, the NVT ratio has been decreasing and currently sits at 14.87.

然而，儘管狗狗幣的價格目前呈現上漲趨勢，但多個鏈上指標表明，這種上漲可能還不夠，因為狗狗幣的價格有望實現額外的上漲。根據 IntoTheBlock 數據，NVT 比率一直在下降，目前為 14.87。

This indicates that despite the recent increase in network value, transaction volume has continued to rise alongside the increased network value. This shows investor confidence and a surge in activity surrounding DOGE price, hinting at potential for further gains in the days ahead.  Top of Form

這表明，儘管近期網路價值有所增加，但交易量卻隨著網路價值的增加而持續成長。這顯示了投資者的信心和圍繞 DOGE 價格的活動激增，暗示未來幾天有進一步上漲的潛力。表格頂部

On the other hand, Dogecoin shows a surge in the MVRV ratio (Market Value to Realized Value), which currently stands at 1.4. This indicates that Dogecoin’s market value is surpassing its realized value, representing the value at the last transaction. This came about as long-term holders are increasingly confident and reluctant to liquidate their positions at this time. While it boosts buying confidence, there is a possibility that STHs might initiate a correction.

另一方面，狗狗幣的 MVRV 比率（市值與已實現價值）激增，目前為 1.4。這表明狗狗幣的市場價值正在超過其實際價值，代表最後一筆交易的價值。這是因為長期持有者此時越來越有信心且不願意平倉。雖然它提振了購買信心，但 STH 可能會啟動調整。

What’s Next For DOGE Price?

DOGE 價格的下一步是什麼？

Efforts made by sellers to revert Dogecoin back into the symmetrical triangle pattern faced resistance from buyers, resulting in a rebound from the 20-day EMA trend line. Presently, Dogecoin is valued at $0.126, marking a decrease of over 0.82% from yesterday’s rate. 

賣家將狗狗幣恢復到對稱三角形形態的努力遭到買家的抵制，導致狗狗幣從 20 日均線趨勢線反彈。目前，狗狗幣價格為 0.126 美元，較昨日下跌超過 0.82%。

The 20-day Exponential Moving Average (EMA) has surged to $0.115 and is currently following an upward trajectory, along with the overbought Relative Strength Index (RSI) level. This suggests a bullish dominance among DOGE traders.

20 天指數移動平均線 (EMA) 已飆升至 0.115 美元，目前正沿著超買的相對強弱指數 (RSI) 水平上升。這表明狗狗幣交易者看漲占主導地位。

Should Dogecoin hold above the moving averages, it may break the immediate resistance at $0.135. However, there are concerns of pullbacks that might slow down the bullish momentum. If DOGE price fails to break the $0.135, we might see a surge in selling pressure and aim for a retest of $0.1.

如果狗狗幣保持在移動平均線之上，它可能會突破 0.135 美元的直接阻力位。然而，人們擔心回調可能會減緩看漲勢頭。如果 DOGE 價格未能突破 0.135 美元，我們可能會看到拋售壓力激增，並目標是重新測試 0.1 美元。

Conversely, if buyers succeed in sending the price above $0.135, the next resistance for DOGE price will be around the $0.17 mark. 

相反，如果買家成功將價格推至 0.135 美元以上，那麼 DOGE 價格的下一個阻力位將在 0.17 美元附近。