Dogecoin has been stuck in a price correction since March 31, falling by 21% from $0.2214. This has seen DOGE falling across a number of metrics, including the MVRV ratio. The MVRV ratio recently turned negative, a condition that indicates many holders are currently at a loss. This might sound bad, but it could actually be a massive buy opportunity for long-term investors of the meme cryptocurrency.
自 3 月 31 日以來，狗狗幣一直陷入價格調整，從 0.2214 美元下跌了 21%。 DOGE 在許多指標上都出現了下降，包括 MVRV 比率。 MVRV 比率最近轉為負數，這表明許多持有者目前處於虧損狀態。這可能聽起來很糟糕，但對於模因加密貨幣的長期投資者來說，這實際上可能是一個巨大的買入機會。
Dogecoin MVRV Ratio Turns Negative: Why Does This Matter?
Data has shown DOGE falling to the negative side of its MVRV ratio. According to price data provided by Santiment, an on-chain analytics company, DOGE’s MVRV ratio fell quickly to a low of 15.36% on April 4.
狗狗幣 MVRV 比率變成負值：為什麼這很重要？數據顯示 DOGE 的 MVRV 比率會跌至負值。根據鏈上分析公司 Santiment 提供的價格數據，DOGE 的 MVRV 比率在 4 月 4 日迅速下跌至 15.36% 的低點。
Source: Santiment
The MVRV ratio compares an asset’s market capitalization to its realized capitalization, giving insight into investor sentiment and the potential for price rallies. For DOGE, it divides Dogecoin’s current market cap by the realized value of all the coins in the market. At the time of writing, Dogecoin has a market cap of $24.9 billion. Although still the largest of all meme coins, Dogecoin’s market cap has fallen by almost 20% in the past seven days.
相關閱讀：柴犬鯨魚交易激增 340%，它們能否將 SHIB 推至 0.00004 美元？來源：Santiment MVRV 比率將資產的市值與其已實現資本進行比較，從而深入了解投資者情緒和價格上漲的潛力。對於 DOGE，它將狗狗幣的當前市值除以市場上所有代幣的已實現價值。截至撰寫本文時，狗狗幣的市值為 249 億美元。儘管狗狗幣仍然是所有 meme 幣中最大的，但其市值在過去 7 天內下跌了近 20%。
When the ratio turns negative, it often means investor sentiment has soured, and selling pressure is prevailing. However, it also indicates DOGE is trading at a discount relative to historical investment costs. For long-term investors, this can present a chance to buy DOGE at a price below its average realized price. On the other hand, very high positive DOGE MVRV ratios have often led to significant price pullbacks.
當比率變為負數時，通常意味著投資者情緒惡化，拋售壓力普遍存在。然而，這也顯示 DOGE 的交易價格相對於歷史投資成本有折扣。對於長期投資者來說，這可能提供一個以低於其平均實現價格的價格購買 DOGE 的機會。另一方面，非常高的正 DOGE MVRV 比率通常會導致價格大幅回檔。
In the past, these periods of negative MVRV were followed by significant price rallies. Consequently, past action has seen DOGE go on a price recovery shortly after falling from the -5% to -15% range. The last time DOGE fell to -15% on the MVRV ratio was during a 31% price drop, which lasted from March 14 to March 20. During this period, the meme currency reached a value of $0.1251. However, the meme coin reversed course just shortly after and went on a 78% price surge over seven days to reach $0.2262 on March 28.
過去，MVRV 為負值的時期之後會出現價格大幅上漲。因此，過去的行動表明 DOGE 在從 -5% 至 -15% 範圍下跌後不久就開始價格回升。 DOGE 上次 MVRV 比率跌至 -15% 是在 3 月 14 日至 3 月 20 日價格下跌 31% 期間。在此期間，meme 貨幣的價值達到 0.1251 美元。然而，這款 Meme 幣不久之後就發生了逆轉，價格在 7 天內飆升 78%，於 3 月 28 日達到 0.2262 美元。
What’s Next For DOGE?
At the time of writing, DOGE is trading at $0.1738. Recent price action has seen the meme coin navigating a tight zone and a massive selling spree from whales. DOGE is now trading just above a support zone just above $0.17. A break of this price level to the downside could mean DOGE falling to as low as $0.125 again in the short term.
DOGE 的下一步是什麼？在撰寫本文時，DOGE 的交易價格為 0.1738 美元。最近的價格走勢表明，模因代幣在狹窄的區域中航行，並受到鯨魚的大規模拋售。 DOGE 目前的交易價格略高於 0.17 美元上方的支撐區域。跌破這一價格水準可能意味著 DOGE 在短期內再次跌至 0.125 美元的低點。
On the other hand, the end of the current market consolidation could reignite interest in DOGE and buying volume. As a result, the price could easily retest the $0.22 level.
相關閱讀：柴犬擊敗比特幣、狗狗幣，成為主要交易所公佈交易量最大的加密貨幣另一方面，當前市場整合的結束可能會重新點燃人們對狗狗幣的興趣和購買量。因此，價格很容易重新測試 0.22 美元的水平。
DOGE price tests $0.17 resistance | Source: DOGEUSDT on Tradingview.com
DOGE 價格測試 0.17 美元阻力位 |資料來源：Tradingview.com 上的 DOGEUSDT 精選圖片來自 Inside Telecom，圖表來自 Tradingview.com
Crypto Intelligence
DogeHome
Crypto Intelligence
