• Most traders are opting for for bullish bets despite the coin’s movement
• DOGE’s hike to $0.29 now stalled thanks to the market’s correction

AMBCrypto’s analysis of the market revealed that traders have been bullish on Dogecoin [DOGE], despite its recent struggles. Previously, DOGE looked like it was heading to $0.30. However, for some weeks, the price has been stuck between $0.18 and $0.22. At the time of writing, it was down to $0.17 after a 13% fall owing to Bitcoin losing over 5% of its value in the last 12 hours.

大多數交易者都選擇看漲押注，儘管狗狗幣的走勢由於市場調整，DOGE 漲至0.29 美元現已陷入停滯。最近表現不佳。此前，DOGE 的走勢似乎是 0.30 美元。然而，幾週以來，價格一直徘徊在 0.18 美元至 0.22 美元之間。截至撰寫本文時，由於比特幣在過去 12 小時內損失了超過 5% 的價值，比特幣價格下跌了 13%，跌至 0.17 美元。

However, information obtained from the Long/Short ratio revealed that traders were unfazed by the performance. In fact, according to Coinglass’ data, Dogecoin’s 24-hour Long/Short ratio was 1.02.

然而，從多空比率獲得的資訊顯示，交易者並未對業績表現感到擔憂。事實上，根據 Coinglass 的數據，狗狗幣的 24 小時多空比率為 1.02。

The Long/Short ratio is a significant metric used to check the sentiment of Futures traders. A reading below 1 shows the dominance of shorts. On the other hand, values above 1 indicate bullish sentiment and more long positions.

多空比率是用來檢視期貨交易者情緒的重要指標。低於 1 的讀數顯示了短褲的主導地位。另一方面，高於 1 的數值表示看漲情緒和更多的多頭部位。

Source: Coinglass

來源：Coinglass

DOGE  is not ready yet

Alas, sentiment alone won’t take DOGE out of its tight-trading range. This was why AMBCrypto considered other indicators. Open Interest (OI) was one of the indicators we evaluated.

DOGE 還沒準備好，可惜的是，僅憑情緒並不能讓 DOGE 脫離其緊張的交易區間。這就是 AMBCrypto 考慮其他指標的原因。未平倉合約（OI）是我們評估的指標之一。

OI monitors information about liquidity and interest in specific contracts in the market. This helps traders understand trends and potential movements. An increase in OI implies that market participants are increasing their net positions.

OI 監控市場上特定合約的流動性和利息資訊。這有助於交易者了解趨勢和潛在趨勢。 OI 的增加意味著市場參與者正在增加其淨部位。

In this case, buyers have been more aggressive than sellers. On the contrary, when the OI decreases, it is the other way around.

在這種情況下，買家比賣家更積極。相反，當OI降低時，則相反。

At press time, Dogecoin’s OI was $1.29 billion, despite the latest market correction. This is a sign that net positioning by traders has been fairly stable, despite the market’s volatility.

截至發稿時，儘管最近出現了市場調整，狗狗幣的 OI 仍為 12.9 億美元。這顯示儘管市場波動，交易者的淨部位仍相當穩定。

Therefore, the effect on the price, outside of external elements, might be minimal. If the OI holds and the market steadies itself, DOGE can resume its uptrend again and maybe, attempt to climb past $020 and later, $0.25.

因此，除了外部因素之外，對價格的影響可能很小。如果 OI 保持不變且市場穩定下來，DOGE 可以再次恢復其上升趨勢，也許會嘗試攀升至 020 美元以上，然後升至 0.25 美元。

Source: Coinglass

來源：Coinglass

On the other hand, a massive closure in net positions might invalidate this prediction, and DOGE might drop further on the charts.

另一方面，淨部位的大幅平倉可能會使這項預測失效，DOGE 可能會在圖表上進一步下跌。

Calm before chaos?

From a technical point of view, the DOGE/USD chart revealed that the coin’s momentum had become weak, especially after the latest market-wide correction. In fact, the crypto’s Relative Strength Index (RSI) had fallen below midpoint at 0.50.

混亂前的平靜？從技術角度來看，DOGE/USD 圖表顯示，該代幣的動能已經變弱，尤其是在最近的全市場調整之後。事實上，加密貨幣的相對強弱指數 (RSI) 已跌破中點 0.50。

Similarly, the Parabolic SAR’s dotted markers switched position to above the price candles – A pretty bearish sign.

同樣，拋物線轉向指標的虛線標記將位置切換到價格蠟燭上方——這是一個相當看跌的信號。

Is your portfolio green? Check the Dogecoin Profit Calculator

您的投資組合是綠色的嗎？檢查狗狗幣利潤計算器

If the market stabilizes itself, DOGE has the potential to arrest its downtrend and break out from its consolidation phase. However, the altcoin is likely to continue trading within its existing price range over the next few days.

如果市場穩定下來，DOGE 有潛力阻止其下跌趨勢並突破盤整階段。然而，未來幾天，山寨幣可能會繼續在現有價格範圍內交易。

Bullish sentiment in the market and a surge in capital flow might trigger the hike. A tweet from Elon Musk might do the trick too.

市場看漲情緒和資本流動激增可能引發升息。伊隆馬斯克的一條推文也可能起到作用。

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