Following renewed optimism from investors and traders, Dogecoin (DOGE), the largest dog-themed meme coin in the crypto market, has witnessed a surge in its Open Interest (OI) as it reached its highest price in over a month. Open Interest represents the total amount of derivative contracts, such as futures and options, in the market. The recent rise in DOGE's OI suggests increased trader activity and growing market interest in the meme coin.
隨著投資者和交易員重新燃起樂觀情緒,加密貨幣市場上最大的以狗為主題的模因代幣狗狗幣(DOGE)的未平倉合約(OI)激增,達到一個多月以來的最高價格。未平倉合約代表市場上衍生性商品合約(例如期貨和選擇權)的總量。最近 DOGE 的 OI 上升表明交易者活動增加以及市場對 meme 幣的興趣增加。
Dogecoin's Price Uptick Attracts Investors' Interest
狗狗幣的價格上漲吸引了投資者的興趣
Trading platform and analyst TOBTC shared this positive development on Twitter, sparking positive sentiment among Dogecoin enthusiasts within the crypto community. According to the analyst, since DOGE's price hit a 34-day high on July 20th, market traders' interest in the crypto asset has soared, resulting in a 19% spike in OI.
交易平台和分析師 TOBTC 在 Twitter 上分享了這一積極進展,激發了加密社群內狗狗幣愛好者的正面情緒。該分析師表示,自 7 月 20 日 DOGE 價格觸及 34 天高點以來,市場交易者對該加密資產的興趣飆升,導致 OI 飆升 19%。
As of the time of TOBTC's report, the OI in DOGE had risen to almost $647.19 million, its highest level since early July. According to Coinglass, the OI currently stands at $742.21 million.
截至 TOBTC 發布報告時,DOGE 的 OI 已升至近 6.4719 億美元,為 7 月初以來的最高水準。根據 Coinglass 的數據,OI 目前為 7.4221 億美元。
DOGE Open Interest hit the highest level in July | Source: TOBTC on Twitter
DOGE持倉量創7月最高 | DOGE資料來源:TOBTC 推特
Considering the significant rise in OI, DOGE traders appear to be increasing their positions following the recent price spike to its highest level in the past month. Dogecoin's price surge on Saturday resulted in a gain of up to 18%, reaching approximately $0.133.
考慮到 OI 的顯著上升,DOGE 交易者似乎在近期價格飆升至過去一個月的最高水平後增加了頭寸。週六狗狗幣價格飆升,漲幅高達 18%,達到約 0.133 美元。
The price increase comes amidst a market sentiment that favors Greed, suggesting a growing bullishness in the crypto market. However, despite the optimistic sentiment, TOBTC highlighted that several crypto experts warn of possible pullbacks for DOGE, indicating the inherent volatility of digital assets.
此次價格上漲是在市場情緒偏向 Greed 的背景下進行的,這表明加密貨幣市場的看漲情緒日益濃厚。然而,儘管市場情緒樂觀,但 TOBTC 強調,一些加密貨幣專家警告 DOGE 可能會出現回調,這表明數位資產固有的波動性。
TOBTC also noted that the price of Dogecoin has been influenced by heightened speculation regarding interest rate decreases in September and the potential for a pro-crypto stance from Donald Trump, should he win the upcoming United States Presidential election in November.
TOBTC 還指出,狗狗幣的價格受到了有關 9 月利率下降的猜測加劇以及唐納德·川普(如果他贏得 11 月即將舉行的美國總統選舉)可能採取支持加密貨幣立場的影響。
As DOGE continues to display this recent bullish move, market traders and analysts are closely monitoring the digital asset's movements, anticipating a new all-time high in the short term.
隨著 DOGE 繼續表現出近期的看漲走勢,市場交易員和分析師正在密切關注該數位資產的走勢,預計短期內將創下新的歷史高點。
DOGE To $0.30 Could Happen In The Coming Weeks
DOGE 可能會在未來幾週內跌至 0.30 美元
Since the price spike over the weekend, several crypto analysts have shared their insights on the bullish move. World of Charts, a crypto analyst and enthusiast, predicts that with its current price momentum, DOGE could soon approach the $0.30 level.
自從週末價格飆升以來,幾位加密貨幣分析師分享了他們對看漲走勢的見解。加密貨幣分析師和愛好者 World of Charts 預測,以目前的價格勢頭,DOGE 可能很快就會接近 0.30 美元的水平。
According to the expert, Dogecoin is currently running a 25% profit, while breaking another resistance in its falling wedge retesting process. As a result, the analyst believes that DOGE could potentially reach $0.30 in the upcoming weeks if the retest is successful.
據專家稱,狗狗幣目前的利潤為 25%,同時突破了其下降楔形重新測試過程中的另一個阻力。因此,分析師認為,如果重新測試成功,DOGE 可能在未來幾週內達到 0.30 美元。
Data from CoinMarketCap shows that DOGE's price has maintained its bullish rise, trading at $0.138 as of writing, representing an increase of over 5% in the past 24 hours. Its market cap and trading volume have also increased by 5.14% and 41%, respectively, during the same period.
CoinMarketCap 的數據顯示,DOGE 的價格一直保持看漲勢頭,截至發稿時交易價格為 0.138 美元,過去 24 小時內漲幅超過 5%。同期其市值和交易量也分別成長了5.14%和41%。
DOGE trading at $0.138 on the 1D chart | Source: DOGEUSDT on Tradingview.com
一維圖表上 DOGE 的交易價格為 0.138 美元 |來源:Tradingview.com 上的 DOGEUSDT
Featured image from iStock, chart from Tradingview.com
精選圖片來自 iStock,圖表來自 Tradingview.com