Dogecoin Price Fluctuates Amidst Market Uncertainty

狗狗幣價格因市場不確定性而波動

Despite recent news of Elon Musk prevailing in a lawsuit involving Dogecoin, the cryptocurrency's price has remained relatively stagnant. Over the past 24 hours, DOGE has declined by 0.9% to trade at $0.10, adding to investor uncertainty.

儘管最近有消息指出伊隆馬斯克在涉及狗狗幣的訴訟中獲勝，但加密貨幣的價格仍然相對停滯。在過去 24 小時內，DOGE 下跌 0.9%，至 0.10 美元，增加了投資者的不確定性。

On-Chain Metrics Reveal Mixed Sentiments

鏈上指標揭示了複雜的情緒

An analysis of DOGE's on-chain metrics sheds light on the market's indecisiveness.

對 DOGE 鏈上指標的分析揭示了市場的猶豫不決。

Social Dominance and Positive Sentiment

社會主導地位和正向情緒

According to Santiment, Dogecoin's social dominance surged to a three-month high, indicating increased attention and discussion on social media. Additionally, positive sentiment outweighed negative sentiment, suggesting potential bullish momentum.

據 Santiment 稱，狗狗幣的社交主導地位飆升至三個月高點，表明社交媒體上的關注和討論有所增加。此外，正面情緒超過負面情緒，表示潛在的看漲勢頭。

Active Addresses at Two-Week High

活躍地址創兩週高位

Active addresses on the Dogecoin network reached a two-week high, indicating increased user engagement. This metric typically suggests growing interest and usage.

狗狗幣網路上的活躍地址達到兩週新高，顯示用戶參與度增加。此指標通常顯示興趣和使用量不斷增長。

Contrasting Metrics Sow Uncertainty

對比指標會帶來不確定性

However, the increase in active addresses contradicts the stagnant price action over the past three days. This divergence suggests that the market is currently in a state of indecision. Investors may be awaiting further developments before making significant moves.

然而，活躍地址的增加與過去三天價格走勢的停滯相矛盾。這種分歧顯示市場目前處於猶豫不決的狀態。投資者在採取重大行動之前可能會等待進一步的進展。

Price Divergence and Speculation

價格分歧和投機

The negative divergence between DOGE's price and Daily Active Addresses (DAA) indicates a disconnect between price and user activity. The high social dominance could be attributed to speculative interest fueled by news of Musk's lawsuit dismissal. Investors may be discussing the asset but not actively engaging with it through transactions.

DOGE 的價格與每日活躍地址（DAA）之間的負背離表示價格與使用者活動之間的脫節。這種高度的社會主導地位可能歸因於馬斯克駁回訴訟的消息引發的投機興趣。投資者可能正在討論該資產，但沒有透過交易積極參與其中。

Technical Analysis: Bearish Sentiment Prevails

技術分析：看跌情緒盛行

A review of the 30-day Coinglass Liquidation Heat Map reveals more Shorts than Longs, indicating overall bearish sentiment. Significant sell and buy walls exist around $0.1023 and $0.0925, respectively.

對 30 天 Coinglass 清算熱圖的回顧顯示，空頭多於多頭，顯示整體看跌情緒。顯著的賣出牆和買入牆分別存在於 0.1023 美元和 0.0925 美元附近。

Shorts Closing, Potential Bullish Sentiment

空頭收盤，潛在看漲情緒

While the market is currently bearish, the gap between Shorts and Longs is small and shrinking. This suggests that sentiment could potentially shift to bullish, driving the price towards $0.13.

儘管市場目前看跌，但空頭和多頭之間的差距很小並且正在縮小。這表明市場情緒可能轉向看漲，推動價格上漲至 0.13 美元。

Possible Surge and Drawdown

可能的激增和下跌

Traders are closing their long positions, which is typically bearish. However, a surge to $0.13 remains possible. Alternatively, a price decline to $0.935 or further to $0.08 is conceivable if support levels fail to hold.

交易員正在平掉多頭頭寸，這通常是看跌的。然而，仍有可能飆升至 0.13 美元。或者，如果未能守住支撐位，價格可能會跌至 0.935 美元或進一步跌至 0.08 美元。