Dogecoin (DOGE) price regained the $0.068 zone on Tuesday with a weekly increase of 20%. Experts discussed how the rising whale demand could impact the future price movement of the cryptocurrency.

狗狗幣 (DOGE) 價格週二重回 0.068 美元區域，週漲幅達 20%。專家們討論了鯨魚需求的成長如何影響加密貨幣的未來價格走勢。

DOGE Falls Behind its Competitors

DOGE 落後於競爭對手

After dropping to its lowest level of $0.057 on October 14, Dogecoin fell behind Solana before whale investors took action to prevent historical losses. Will the ongoing DOGE price recovery process take it to new dimensions?

在 10 月 14 日跌至 0.057 美元的最低水平後，在鯨魚投資者採取行動阻止歷史性損失之前，狗狗幣的價格落後於 Solana。正在進行的 DOGE 價格恢復過程是否會將其推向新的高度？

Between October 14 and October 23, Dogecoin saw a 20% improvement in its price. On-chain data reveals that renewed whale interest in the largest meme coin by market cap is a significant factor.

10 月 14 日至 23 日期間，狗狗幣的價格上漲了 20%。鏈上數據顯示，鯨魚對市值最大的迷因幣重新產生興趣是重要因素。

Furthermore, while the DOGE price weakened at its lowest level, Dogecoin recorded a low whale transaction of 599 on October 15. However, since then, whales have been making purchases to prevent further losses.

此外，雖然DOGE價格在最低水準走弱，但狗狗幣在10月15日創下了599筆鯨魚交易的低點。不過，從那時起，鯨魚們一直在進行購買，以防止進一步的損失。

On October 24, Dogecoin witnessed 1,420 whale transactions, the highest figure since July 25. The whale transaction metric can indicate the total number of daily transactions exceeding $100,000. The increase in whale transactions is considered a bullish signal due to various reasons.

10 月 24 日，狗狗幣見證了 1,420 筆鯨魚交易，這是自 7 月 25 日以來的最高數字。鯨魚交易指標​​可以表明每日交易總數超過 100,000 美元。由於各種原因，鯨魚交易的增加被認為是看漲信號。

Critical Indicator for DOGE

DOGE 的關鍵指標

Firstly, it indicates an increased interest in whale investors’ purchases, boosting individual investors’ confidence. Moreover, the liquidity provided by these large transactions can allow investors to carry out their transactions more efficiently and at favorable prices.

首先，這顯示鯨魚投資者的購買興趣增加，提振了個人投資者的信心。而且，這些大額交易提供的流動性可以讓投資者更有效率、以更優惠的價格進行交易。

During this period, Dogecoin’s price rapidly recovered by 20%. However, it is still uncertain whether whales will solidify their positions or continue to push for further gains. Additionally, Dogecoin is currently trading at a 60-day price high, and a critical indicator on the chain may suggest that holders may still strive for more profits.

在此期間，狗狗幣的價格迅速回升了20%。然而，鯨魚是否會鞏固其地位或繼續推動進一步上漲仍不確定。此外，狗狗幣目前交易價格處於 60 日高點，鏈上的一項關鍵指標可能表明持有者可能仍在爭取更多利潤。

As an indicator, the latest data obtained from the order books of 10 crypto exchanges, including Binance and Coinbase, can indicate that there is still high demand for DOGE in the market despite the current high prices. Investors have placed active orders to buy 782 million DOGE, while there are only active sell orders for 740 million DOGE.

作為指標，從幣安和 Coinbase 等 10 家加密貨幣交易所的訂單簿中獲得的最新數據可以表明，儘管目前價格較高，但市場上對 DOGE 的需求仍然很高。投資人已下達買進7.82億個DOGE的活躍訂單，而僅有7.4億個DOGE的活躍賣出訂單。

繼續閱讀：https://en.coin-turk.com/dogecoin-price-rebounds-with-increased-whale-demand-whats-next/