The Dogecoin price action in the past few days is showing signs of the crypto embarking on a bullish recovery. Particularly, DOGE has seen a strong uptick in trading volume in the last few days, fueled by an increase in activity from whale addresses. 

過去幾天的狗狗幣價格走勢顯示出加密貨幣開始看漲復甦的跡象。特別是，在鯨魚地址活動增加的推動下，過去幾天 DOGE 的交易量強勁上升。

At the time of writing, DOGE spiked by over 6% in the past 24 hours to break over $0.09 for a brief moment. This spike in DOGE came despite the price of Bitcoin showcasing a weakening of bullish momentum at $52,000 and most cryptocurrencies sparking corrections, indicating a lingering bullish momentum among DOGE traders.

截至撰寫本文時，DOGE 在過去 24 小時內飆升超過 6%，短暫突破 0.09 美元。儘管比特幣價格在 52,000 美元的看漲勢頭減弱，並且大多數加密貨幣引發調整，表明 DOGE 交易者的看漲勢頭依然存在，但 DOGE 仍出現了上漲。

DOGE Recent Metrics Indicate Recovery Trend

DOGE 近期指標顯示復甦趨勢

Dogecoin mostly went through a lackluster price action throughout January, with the cryptocurrency ending the month at $0.07973, a negative 13% from its open price on January 1. The $0.079 price level acted as a major support, as DOGE started to rebound in early February after the formation of a double bottom. Consequently, DOGE technicals, transaction count, and price action pointed to a change in momentum and sentiment amongst traders.  

狗狗幣整個1 月份的價格走勢大多表現平淡，該加密貨幣月底收於0.07973 美元，較1 月1 日開盤價下跌13%。隨著狗狗幣在2 月初開始反彈，0.079 美元的價格水平成為了主要支撐位雙底形成後。因此，DOGE 技術、交易數量和價格走勢表明交易者的動力和情緒發生了變化。

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According to metrics from the on-chain analytics platform IntoTheBlock, the Dogecoin ecosystem has witnessed a lot of activity in the past month, processing more than 1 million transactions every day since the 30th of January. This increase in activity seems to have been reflected in the price of Dogecoin, with the cryptocurrency up by 11% since the beginning of February.

根據鏈上分析平台 IntoTheBlock 的指標，狗狗幣生態系統在過去一個月中出現了大量活動，自 1 月 30 日以來每天處理超過 100 萬筆交易。這種活動的增加似乎已經反映在狗狗幣的價格上，自 2 月初以來，該加密貨幣上漲了 11%。

Source: IntoTheBlock

來源：IntoTheBlock

At the time of writing, DOGE’s trading volume from Coinmarketcap is approximately $824 million, an increase of over 129% in the past 24 hours. The majority of the recent increase in activity can be attributed to whales of large investors. 

截至撰寫本文時，Coinmarketcap 上的 DOGE 交易量約為 8.24 億美元，在過去 24 小時內成長了超過 129%。最近活動的增加大部分可歸因於大型投資者的巨額投資。

According to Dogecoin whale data, whale transactions greater than $100,000 now stand at $2.53 billion in the past seven days. Notably, this transaction count from large investors reached 1,570 in the past 24 hours with a total volume of 15.88 billion DOGE. This huge surge of activity seems to be providing the cryptocurrency with a big boost, fueling an impressive recovery that could see it crossing the $0.1 threshold once more and possibly reaching the $0.2 price level.

根據狗狗幣鯨魚數據，過去 7 天內超過 10 萬美元的鯨魚交易額目前達到 25.3 億美元。值得注意的是，過去24小時內，大投資者的交易數量達到1,570筆，總交易量為158.8億DOGE。這種巨大的活動似乎為加密貨幣提供了巨大的推動力，推動了令人印象深刻的復甦，可能會使其再次突破 0.1 美元的門檻，並可能達到 0.2 美元的價格水平。

DOGE Price Action – Rally To $0.2?

DOGE 價格走勢 – 反彈至 0.2 美元？

Dogecoin has started showing signs of life again, fueled in large part by whale activity. The crypto recently surged to $0.09115 in the past 24 hours. Although still up by 1% in the same timeframe, DOGE has since corrected by 4.5% and is currently trading at $0.08702. 

狗狗幣已經開始再次顯示出生命的跡象，這在很大程度上是由鯨魚活動所推動的。該加密貨幣最近在過去 24 小時內飆升至 0.09115 美元。儘管 DOGE 在同一時間內仍上漲 1%，但此後已修正 4.5%，目前交易價格為 0.08702 美元。

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A minor support is at the $0.08693 price level, with metrics and general market sentiment pointing to continued bullish price action in the short time. The first price level would be the return to $0.09. If Dogecoin manages to maintain a stronghold above this key milestone, it is expected to create a more bullish momentum among traders which could see it breaking past above $0.1 for the first time in three months. 

較小的支撐位於 0.08693 美元的價格水平，指標和整體市場情緒表明短期內價格走勢將持續看漲。第一個價格水準將回到 0.09 美元。如果狗狗幣能夠維持在這一關鍵里程碑之上，預計將在交易者中創造出更加看漲的勢頭，這可能會使其在三個月內首次突破 0.1 美元。

This breakthrough over $0.11 could mark an important milestone for Dogecoin’s price trajectory, as the next target would be $0.2. 

此次突破 0.11 美元可能標誌著狗狗幣價格軌蹟的一個重要里程碑，因為下一個目標將是 0.2 美元。

DOGE price at $0.087 | Source: DOGEUSD on Tradingview.com

DOGE 售價為 0.087 美元 |資料來源：Tradingview.com 上的 DOGEUSD

精選圖片來自 CoinGape，圖表來自 Tradingview.com

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