Dogecoin (DOGE) experienced a significant price drop, falling over 70% after reaching $0.48 in December 2024. Interestingly, despite this decline, large Dogecoin holders have been accumulating, suggesting confidence in a potential price rebound.

Dogecoin（Doge）的價格大幅下降，在2024年12月達到0.48美元後下降了70％以上。有趣的是，儘管有這種下降，但大型Dogecoin持有人仍在積累，表明對潛在的價格籃板有信心。

On-Chain Data Hints at a Dogecoin Price Rebound

鏈上數據暗示Dogecoin價格反彈

On-chain data from Santiment reveals that wallets holding at least 1 million DOGE have increased by 1.24% since early February, even amidst falling prices. Concurrently, active addresses have reached a four-month high, indicating increased network activity.

Santiment的鍊鍊數據表明，自2月初以來，至少有100萬個門檻的錢包增長了1.24％，甚至價格下降。 同時，主動地址達到了四個月的高度，表明網絡活動增加。

Dogecoin addresses holding at least a million DOGE vs. price. Source: Santiment

Dogecoin解決至少一百萬個門檻與價格的地址。資料來源：santiment

This accumulation by large holders during a price decline often signals a belief in undervaluation and a strategic positioning for a future price increase. The rise in active addresses points to greater network engagement, potentially reflecting growing retail interest. If this increased user activity is driven by genuine adoption rather than speculation or panic selling, it could provide the on-chain support needed for a price recovery. A similar pattern preceded DOGE's substantial price rally in November.

大型持有人在價格下跌期間的積累通常表示信念低估和對未來價格上漲的戰略定位。 主動地址的上升指向了更大的網絡參與，可能反映出零售不斷增長的利益。 如果這種增加的用戶活動是由真正的採用而不是投機或恐慌銷售驅動的，則可以提供價格回收所需的鍊子支持。 類似的模式是在11月Doge的實質性價格集會之前。

Oversold Conditions Suggest Potential for a 30% Rally

超售條件表明可能有30％的集會

Dogecoin is currently testing key support levels, including a multi-year ascending trendline and the 200-week exponential moving average (EMA) around $0.13. Historically, these levels have triggered strong bullish reversals.

Dogecoin目前正在測試關鍵支持水平，包括多年的上升趨勢線和200週的指數移動平均線（EMA）約為0.13美元。 從歷史上看，這些水平引發了強烈的看漲逆轉。

DOGE/USD weekly price chart. Source: TradingView

DOGE/USD每週價格圖表。資料來源：TradingView

Furthermore, the Stochastic RSI, a momentum indicator, shows a bullish crossover in the oversold region (below 0.30). This often signals weakening selling pressure. In previous instances, this low-level crossover in DOGE has preceded significant price recoveries, including a 400% rally in 2024 and an 88% gain in 2023.

此外，隨機RSI是一個動量指標，顯示了超售區的看漲跨界（低於0.30）。 這通常標誌著減弱銷售壓力。 在以前的情況下，在總督裡的這種低級跨界已經進行了大量的價格回收率，包括2024年的400％集會和2023年的88％收益。

DOGE/USD weekly price chart. Source: TradingView

DOGE/USD每週價格圖表。資料來源：TradingView

The primary resistance level is around $0.22, coinciding with the 50-week EMA and the March-April 2024 resistance area. However, failure to hold the current support levels could invalidate this bullish outlook, potentially leading to a further correction towards $0.12, a support level observed in March-May 2024.

主要阻力水平約為0.22美元，與50週的EMA和2024年3月至4月的電阻區相吻合。 但是，未能保持當前的支持水平可能使這種看漲的前景無效，這可能導致進一步的糾正到0.12美元，這是2024年3月至5月的支持水平。

Disclaimer: This article does not provide investment advice. All investment and trading decisions involve risk, and readers should conduct their own thorough research before making any investment choices.

免責聲明：本文不提供投資建議。 所有投資和交易決策都涉及風險，讀者應在做出任何投資選擇之前進行自己的徹底研究。