Dogecoin Finds Support Amid Market Slump

狗狗幣在市場低迷中獲得支撐

Cover image courtesy of U.Today

封面圖片由《今日美國》提供

In the midst of the current market downturn, Dogecoin (DOGE) has identified a crucial demand zone that could provide essential support for the cryptocurrency.

在當前市場低迷的情況下，狗狗幣（DOGE）已經確定了一個關鍵的需求區，可以為加密貨幣提供必要的支援。

Demand Zones Emerge

需求區出現

Data from IntoTheBlock reveals that Dogecoin faces strong demand zones near its current trading levels, highlighting areas where significant buying activity has occurred.

IntoTheBlock 的數據顯示，狗狗幣在當前交易水平附近面臨著強勁的需求區域，突顯了發生大量購買活動的區域。

Dogecoin has established a demand zone within the price range of $0.081 and $0.099. Within this range, approximately 11.36 billion DOGE have been acquired by 1.14 million addresses. This buying activity suggests that many investors view this range as an attractive entry point, providing a potential support level for DOGE.

狗狗幣已在 0.081 美元至 0.099 美元的價格範圍內建立了需求區域。在此範圍內，約114萬個地址取得了約113.6億枚DOGE。這種購買活動表明，許多投資者認為該區間是一個有吸引力的切入點，為 DOGE 提供了潛在的支撐位。

Another demand zone between $0.07 and $0.081 further reinforces this support. In this range, about 23.72 billion DOGE are held by 1.16 million addresses. The concentration of holdings in this area underscores its significance as a key demand zone, indicating strong investor interest and confidence at these price levels.

0.07 美元至 0.081 美元之間的另一個需求區域進一步強化了這項支撐。在此範圍內，116萬個地址持有約237.2億枚DOGE。該地區的持倉集中凸顯了其作為關鍵需求區域的重要性，顯示投資者對這些價格水平有強烈的興趣和信心。

Significance of Demand Zones

需求區的意義

The identification of these demand zones is particularly important because it demonstrates where the majority of trading activity and accumulation of Dogecoin has taken place.

識別這些需求區域尤其重要，因為它顯示了大多數交易活動和狗狗幣累積發生的地方。

Market Outlook

市場展望

The broader cryptocurrency market has been experiencing volatility, with various digital assets facing downward pressure. Dogecoin has not been an exception, reaching lows of $0.091 in a three-day price slump.

更廣泛的加密貨幣市場一直在經歷波動，各種數位資產面臨下行壓力。狗狗幣也不例外，在三天的價格暴跌中跌至 0.091 美元的低點。

At the time of writing, Dogecoin was trading down 6.29% in the last 24 hours to $0.101, while it is down 19% weekly. Dogecoin's key demand wall, as highlighted by IntoTheBlock data, showcases significant buying activity in the $0.07 to $0.099 price range.

截至撰寫本文時，狗狗幣在過去 24 小時內下跌 6.29%，至 0.101 美元，每週下跌 19%。正如 IntoTheBlock 數據所強調的，狗狗幣的關鍵需求牆顯示出 0.07 美元至 0.099 美元價格範圍內的大量購買活動。

As the crypto market continues to face uncertainty, this demand zone stands out as a crucial area to monitor. The concentration of holdings around this level could act as a buffer against further price declines, as many investors may be reluctant to sell at a loss, thus reducing sell pressure. In the event of a price rebound, Dogecoin faces a key technical hurdle near $0.129, which coincides with its daily SMA 200.

隨著加密貨幣市場持續面臨不確定性，這個需求區域成為需要監控的關鍵領域。持有量集中在這一水平附近可能會起到緩衝價格進一步下跌的作用，因為許多投資者可能不願意虧本出售，從而減少拋售壓力。如果價格反彈，狗狗幣將面臨 0.129 美元附近的關鍵技術障礙，該水平與每日 SMA 200 重疊。