Dogecoin Price Analysis

狗狗幣價格分析

On Wednesday, the cryptocurrency market experienced subdued volatility, with Bitcoin stabilizing above $65,000. However, the effects of the early week sell-off continue to impact altcoins, with meme cryptocurrencies taking the brunt of the decline.

週三，加密貨幣市場波動較小，比特幣穩定在 65,000 美元以上。然而，本周初拋售的影響繼續影響山寨幣，迷因加密貨幣首當其衝。

As a result, Dogecoin, the largest meme coin, has fallen to multi-month support, signaling a crucial juncture for either a significant recovery or an extended correction.

結果，最大的迷因幣狗狗幣已跌至數月支撐位，這標誌著大幅復甦或長期調整的關鍵時刻。

Dogecoin Price Analysis: Trend and Support

狗狗幣價格分析：趨勢與支持

Dogecoin has exhibited a gradual yet steady downtrend over the past three months, confined within two descending trendlines. These trendlines represent major dynamic resistance and support, forming a bullish continuation pattern known as a "flag." Under the influence of this pattern, DOGE has declined from $0.228 to a 15-week low of $0.113, marking a loss of 50.4%.

狗狗幣在過去三個月中表現出逐漸但穩定的下降趨勢，僅限於兩條下降趨勢線。這些趨勢線代表主要的動態阻力和支撐，形成稱為「旗形」的看漲持續模式。受此形態影響，DOGE從0.228美元跌至15週低點0.113美元，跌幅達50.4%。

Currently, the price is stabilizing around $0.12, supported by technical levels such as the 50-week EMA, 61.8% Fibonacci, and the flag's support trendline. The renewed buying pressure at this confluence of support is evident from Tuesday's long-tailed rejection candle.

目前，價格穩定在 0.12 美元左右，受到 50 週均線、61.8% 斐波那契線和旗形支撐趨勢線等技術水準的支撐。從週二的長尾拒絕蠟燭中可以明顯看出，在支撐匯合處出現了新的買盤壓力。

Whale Activity and Retail Investor Impact

鯨魚活動和散戶投資者的影響

According to data from IntoTheBlock, Dogecoin's largest holders (whales) have been reducing their holdings over the past year. Entities holding over 0.1% of the supply have seen their share decline from 45.3% to 41.3%.

根據IntoTheBlock的數據，狗狗幣的最大持有者（鯨魚）在過去一年中一直在減持。持有超過 0.1% 供應量的實體所佔份額從 45.3% 下降至 41.3%。

In contrast, retail and mid-sized investors now hold a larger portion of the total supply.

相比之下，散戶和中型投資者現在持有總供應量的較大部分。