The post Dogecoin’s MVRV Ratio Plunges, Reducing Volatility Amid Selling Pressure! Here’s The Next Level For DOGE Price appeared first on Coinpedia Fintech News

狗狗幣後 MVRV 比率暴跌，在拋售壓力下減少波動！ DOGE 價格的新高度首次出現在 Coinpedia 金融科技新聞

In recent times, the crypto market has experienced a surge in activity, with Dogecoin supporters going through notably rough conditions. A significant downturn was triggered as Bitcoin retested the $50,000 level. This brought a bearish mood in DOGE price as holders continued to exit their positions. Amid this, numerous on-chain metrics have gone bearish, indicating an immediate downward trend for Dogecoin. Despite this short-term outlook, some analysts continue to hold a bullish position for its long-term potential.

最近一段時間，加密貨幣市場的活動激增，狗狗幣的支持者處境尤其艱難。當比特幣重新測試 50,000 美元水平時，引發了大幅下跌。這給 DOGE 價格帶來了看跌情緒，持有者繼續平倉。在這種情況下，許多鏈上指標都變得看跌，表明狗狗幣立即呈下降趨勢。儘管存在這樣的短期前景，但一些分析師繼續看好其長期潛力。

Dogecoin’s MVRV & Volatility Decline

狗狗幣的 MVRV 和波動性下降

Over the last 24 hours, the crypto market experienced a notable rejection, resulting in the elimination of more than $122 million in positions. Triggered by a decline in market values of leading assets, which failed to break through crucial resistance levels, this led to the liquidation of approximately $83 million worth of long positions.

在過去 24 小時內，加密貨幣市場經歷了明顯的拒絕，導致超過 1.22 億美元的部位被消除。由於主要資產的市值下跌未能突破關鍵阻力位，導致價值約 8,300 萬美元的多頭部位被清算。

Dogecoin (DOGE), the leading meme-based cryptocurrency, was particularly hit hard, with investors liquidating around $500,000 in long positions due to significant selling pressure. Notably, data from IntoTheBlock reveals a drop in MVRV ratio (Market Value to Realized Value), currently at 1.05. 

狗狗幣 (DOGE) 是領先的基於 meme 的加密貨幣，受到的打擊尤其嚴重，由於巨大的拋售壓力，投資者清算了約 50 萬美元的多頭頭寸。值得注意的是，IntoTheBlock 的數據顯示 MVRV 比率（市值與已實現價值）下降，目前為 1.05。

This suggests that the DOGE’s market value significantly neared its realized value, or the value at the last transaction. This was triggered after traders booked their profits by selling their holdings at peak values. As a result, this plunges the current buying confidence.

這表明 DOGE 的市場價值顯著接近其實現價值或最後交易的價值。這是在交易員透過以高峰出售所持股份來獲利後觸發的。結果，這削弱了當前的購買信心。

Moreover, the volatility rate of DOGE has decreased from a peak of 63% to 29.7%, indicating a decline in trading activity. This reduction in trader interest could plunge the likelihood of a substantial recovery or a major price movement for Dogecoin.

此外，DOGE的波動率從峰值63%下降至29.7%，顯示交易活動下降。交易者興趣的下降可能會降低狗狗幣大幅復甦或價格大幅波動的可能性。

However, as per Ali Charts, Dogecoin’s present chart formation mirrors the pattern observed just before its remarkable bull run in 2021. Should this pattern hold, Dogecoin may be preparing itself for a price goal of $10 in the upcoming bull market. 

然而，根據阿里圖表，狗狗幣目前的圖表形態反映了2021 年非凡牛市之前觀察到的模式。如果這種模式持續下去，狗狗幣可能正在為即將到來的牛市中10 美元的價格目標做好準備。

What’s Next For DOGE Price?

DOGE 價格的下一步是什麼？

Bearish traders have successfully plunged the DOGE price below crucial support lines after rejecting the peak of $0.09. As a result, DOGE’s price has fallen below the immediate Fibonacci support levels, weakening the chances for a bullish turnaround. At the moment, DOGE is trading at $0.0836, reflecting a decrease of more than 0.6% from the previous day.

在拒絕 0.09 美元的峰值後，看跌交易者已成功將 DOGE 價格跌破關鍵支撐線。結果，DOGE 的價格跌破了直接斐波那契支撐位，削弱了看漲反轉的機會。目前DOGE交易價格為0.0836美元，較前一交易日下跌超過0.6%。

The 20-day Exponential Moving Average (EMA) is at $0.0845 and trending downwards, and the Relative Strength Index (RSI) has dipped below the midline to 43, showcasing a bearish dominance in the market.

20日指數移動平均線（EMA）位於0.0845美元且呈下降趨勢，相對強弱指數（RSI）已跌破中線至43，顯示市場處於看跌主導地位。

Continuation of this downward momentum below the moving averages could strengthen bearish sentiment and trigger selling pressure, even during market rebounds. A fall below the critical support level of $0.08 might initiate another wave of sell-offs.

即使在市場反彈期間，這種下行勢頭持續低於移動平均線也可能會加強看跌情緒並引發拋售壓力。跌破 0.08 美元的關鍵支撐位可能會引發另一波拋售潮。

Conversely, should bullish traders successfully reverse the current bearish momentum and push the price above the EMA levels, it could pave the way for DOGE to target the crucial resistance zone at around $0.09. 

相反，如果看漲交易者成功扭轉當前的看跌勢頭並將價格推高至 EMA 水平之上，則可能為 DOGE 瞄準 0.09 美元左右的關鍵阻力區鋪平道路。