• Whale holdings dipped significantly over the week.
• A section of the market was hopeful of a quick recovery to $0.20.

The world’s largest memecoin Dogecoin [DOGE] rose 2.11% in the last 24 hours of trading, spurring hopes of reversing the corrective action seen over the past week.

本週，鯨魚持有量大幅下跌。部分市場希望快速恢復至0.20 美元。世界上最大的memecoin 狗狗幣[DOGE] 在過去24 小時的交易中上漲2.11%，激發了扭轉過去所見糾正行動的希望過去一週。

The dog-themed token plunged 14% in value in the last seven days, in line with the broader downturn among Ethereum [ETH]-based memecoins, data from CoinMarketCap showed.

CoinMarketCap 的數據顯示，以狗為主題的代幣價值在過去 7 天內暴跌 14%，與基於以太坊 [ETH] 的 memecoin 的整體低迷一致。

As of this writing, it was exchanging hands at $0.18, with market participants anticipating a quick recovery to $0.20 and beyond.

截至撰寫本文時，其交易價格為 0.18 美元，市場參與者預計將快速回升至 0.20 美元或更高。

The negative price action followed massive sell-offs by large holders of the coin. According to AMBCrypto’s analysis of Santiment’s data, number of wallets holding between 1,000 to 1 million coins dipped significantly over the week.

負面的價格走勢是由大量持有者大規模拋售導致的。根據 AMBCrypto 對 Santiment 數據的分析，持有 1,000 至 100 萬枚代幣的錢包數量在本周大幅下降。

The drop in holdings came alongside jump in transactions worth more than $100,000, confirming that whales were dumping DOGE en masse.

在持有量下降的同時，價值超過 10 萬美元的交易量激增，證實鯨魚正在集體拋售 DOGE。

Source: Santiment

資料來源：Santiment

However, a section of the market was hopeful of a quick rebound from this dip. A crypto trader shared their analysis highlighting DOGE’s resilience during the correction period. They also seemed confident of a bounce to $0.20 in the days ahead.

然而，部分市場希望能從這次下跌中迅速反彈。一位加密貨幣交易員分享了他們的分析，強調了 DOGE 在調整期間的彈性。他們似乎也對未來幾天反彈至 0.20 美元充滿信心。

The trader’s optimism might not be unfounded. Using Hyblock Capital, AMBCrypto noticed a sharp increase in the number of long positions taken by whales on Binance, suggesting bullish expectations from DOGE.

交易員的樂觀情緒可能並非沒有根據。 AMBCrypto 使用 Hyblock Capital 注意到，鯨魚在幣安上持有的多頭部位數量急劇增加，這表明 DOGE 的看漲預期。

Source: Hyblock Capital

來源：Hyblock 資本

What this meant was that the sell-offs discussed earlier could be a shakeout of over-leveraged longs.

這意味著之前討論的拋售可能是對過度槓桿多頭的洗牌。

To better understand DOGE’s next moves, AMBCrypto investigated some key technical indicators through TradingView.

為了更了解 DOGE 的下一步動向，AMBCrypto 透過 TradingView 調查了一些關鍵技術指標。

The Relative Strength Index (RSI) ascended from the neutral 50 level, typically interpreted as a bullish signal.

相對強弱指數 (RSI) 從中性 50 水準上升，通常被解讀為看漲訊號。

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

不管現實與否，這是 DOGE 以 BTC 計算的市值

The On Balance Volume (OBV) though, made lower highs and lower lows over the week.  The resemblance with DOGE’s price trend indicated a likely continuation of the downtrend.

不過，平衡成交量 (OBV) 本週創下了較低的高點和較低的低點。與 DOGE 價格趨勢的相似性表明下降趨勢可能會持續。

The Moving Average Convergence Divergence (MACD) line crossed below the signal line, suggesting that DOGE might dip further.

移動平均收斂分歧（MACD）線穿過訊號線下方，顯示DOGE可能會進一步下跌。

Source: Trading View

來源：交易觀點

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