• DOGE’s price declined but a rebound might take it toward $0.14.

DOGE 的價格下跌，但反彈可能會將其帶至 0.14 美元。

• The Weighted Sentiment tapped a yearly high, indicating widespread bullish sentiment.

加權情緒觸及年度高點，顯示普遍看漲情緒。

Dogecoin [DOGE] and some other memecoins registered significant increases over the last few days. But out of this group, Dogecoin had one of the lowest hikes. However, AMBCrypto found that the other cryptocurrencies could not match Dogecoin’s social dominance.

狗狗幣 [DOGE] 和其他一些模因幣在過去幾天中出現了顯著增長。但在這一組中，狗狗幣是漲幅最低的之一。然而，AMBCrypto 發現其他加密貨幣無法與狗狗幣的社會主導地位相提並論。

Social dominance gauges the share of discussion around a project when compared with others in the top 100. Using Santiment’s on-chain data, we observed that the metric was at 2.32% for DOGE.

社會支配力衡量的是與前 100 名中的其他項目相比，圍繞某個項目的討論比例。使用 Santiment 的鏈上數據，我們觀察到 DOGE 的該指標為 2.32%。

When we looked at Bonk [BONK], we noticed that it was way lower at $0.33%. Shiba Inu [SHIB], like BONK, couldn’t hit Dogecoin’s level of social attention either.

當我們查看 Bonk [BONK] 時，我們注意到它低得多，為 0.33%。柴犬 [SHIB] 和 BONK 一樣，也無法達到狗狗幣的社會關注。

Source: Santiment

資料來源：Santiment

DOGE is set to be the leader

DOGE將成為領導者

One reason the coin was trending was because of its recent performance. In the last seven days, the value of DOGE has increased by 44.15%. This amazing performance sparked discussion centering around holding DOGE in this bull market.

該代幣流行的原因之一是其最近的表現。最近7天，DOGE的價值上漲了44.15%。這一驚人的表現引發了圍繞本次牛市中持有DOGE的討論。

Furthermore, Dogecoin also recorded notable landmarks.

此外，狗狗幣還記錄了值得注意的里程碑。

For instance, its market cap hit $17.5 billion. Also, the Open Interest around the coin surpassed $1 billion. The surge in Open Interest implies that traders were actively opening positions to capitalize on the price movements.

例如，其市值達到 175 億美元。此外，圍繞該代幣的未平倉合約超過 10 億美元。未平倉量的激增意味著交易者正在積極建倉以利用價格變動。

However, DOGE’s price has decreased in the last 24 hours, indicating that the Open Interest might not be able to fuel a further hike.

然而，DOGE 的價格在過去 24 小時內下跌，顯示未平倉量可能無法推動進一步上漲。

In a recent article, AMBCrypto explained how DOGE’s price increase was not because of increased demand. Instead, the coin followed the broader market jump led by Bitcoin [BTC].

在最近的一篇文章中，AMBCrypto 解釋了 DOGE 的價格上漲並不是因為需求增加。相反，該代幣跟隨比特幣[BTC]引領的更廣泛的市場上漲。

However, the rise in social dominance implies that this position could change. if the dominance continues to spike, demand for DOGE might rise as market participants might turn their sentiment into action.

然而，社會主導地位的上升意味著這種地位可能會改變。如果主導地位繼續飆升，對 DOGE 的需求可能會上升，因為市場參與者可能會將他們的情緒轉化為行動。

Should this be the case, Dogecoins’ price could retest $0.13 or rise higher.

如果是這種情況，狗狗幣的價格可能會重新測試 0.13 美元或上漲。

A rebound could be close

反彈可能已接近尾聲

As per the technical outlook, the DOGE 4-hour chart showed that some holders seem to be taking profits. This was because the Accumulation/Distribution (A/D) line had fallen.

從技術前景來看，DOGE 4 小時圖顯示，有些持有者似乎正在獲利了結。這是因為累積/派發（A/D）線下降了。

A decline like this implies that there has been more distribution than buying in the last 24 hours.

這樣的下跌意味著過去 24 小時內的分配量多於購買量。

If the A/D continues to drop, DOGE’s price might follow. If the selling pressure forces DOGE to fall to $0.10, the Supertrend indicator showed that it could be time to buy again. A rebound from $0.10 could send the coin close to $0.14.

如果 A/D 繼續下跌，DOGE 的價格可能會隨之下跌。如果拋售壓力迫使 DOGE 跌至 0.10 美元，超級趨勢指標表明可能是再次買入的時候了。從 0.10 美元反彈可能會使代幣接近 0.14 美元。

AMBCrypto checked Dogecoin’s volume. On the 29th of February, the volume hit almost 6 billion, indicating rising demand for DOGE. However, the volume had decreased at press time.

AMBCrypto 檢查了狗狗幣的交易量。 2 月 29 日，交易量接近 60 億，顯示 DOGE 的需求不斷增加。然而，截至發稿時，成交量有所減少。

A decrease in volume and price action suggests that the declining trend might become weak, and the price might bounce.

成交量和價格走勢的減少表明下降趨勢可能會減弱，價格可能會反彈。

Realistic or not, here’s DOGE’s market cap in SHIB terms

不管現實與否，這是 DOGE 以 SHIB 計算的市值

In addition, the Weighted Sentiment grew to 5.58— the highest level it has hit this year. This increase indicates that most of the discussion around Dogecoin was bullish.

此外，加權情緒指數升至5.58，為今年以來的最高水準。這種增長表明圍繞狗狗幣的大多數討論都是看漲的。

If it stays that way, it’s only a matter of time before the coin moves northward. However, it is not certain if DOGE would outperform other memecoins going forward but there is a possibility

如果保持這種狀態，硬幣向北移動只是時間問題。然而，不確定 DOGE 未來是否會優於其他迷因幣，但有可能

Source: Santiment

資料來源：Santiment