Dogecoin Whale Sells $30.86 Million Worth of DOGE

狗狗幣鯨魚出售價值 3,086 萬美元的 DOGE

Leading altcoin Dogecoin (DOGE) has experienced a remarkable price recovery, surging over 7% in the past 24 hours. However, this rally has been met with a significant sale by a major investor, or whale, who offloaded approximately 200 million DOGE, valued at $30.86 million. The transaction, which originated from an anonymous wallet and was directed to the popular trading platform Robinhood, has raised concerns about potential selling pressure that could impede Dogecoin's recent upward momentum.

領先的山寨幣狗狗幣 (DOGE) 經歷了顯著的價格復甦，在過去 24 小時內飆升了 7% 以上。然而，這次反彈遭到了主要投資者（即鯨魚）的大量拋售，他們拋售了約 2 億枚 DOGE，價值 3,086 萬美元。該交易源自匿名錢包，定向至熱門交易平台 Robinhood，引發了人們對潛在拋售壓力的擔憂，可能會阻礙狗狗幣近期的上漲勢頭。

Positive Data Flow for Dogecoin

狗狗幣的積極數據流

Despite this substantial transfer, which has led to speculation that the crypto whale may be preparing to liquidate a significant portion of their holdings, buying pressure from other whale accumulations continues to bolster the DOGE price.

儘管這一重大轉移導致人們猜測加密鯨魚可能準備清算其持有的很大一部分，但來自其他鯨魚積累的購買壓力繼續支撐著 DOGE 的價格。

Data from on-chain provider IntoTheBlock indicates a notable increase in large Dogecoin transactions over the past month, reaching a peak of 1.86 thousand transactions on May 14, 2024. This surge in network activity suggests heightened participation from whales and institutional investors. Additionally, the volume of these transactions spiked to 11.55 billion DOGE on the same day, signaling strategic positioning by major investors.

鏈上供應商IntoTheBlock 的數據顯示，過去一個月狗狗幣大額交易量顯著增加，於2024 年5 月14 日達到186 萬筆交易的峰值。度有所提高。此外，當天交易量飆升至115.5億DOGE，顯示主要投資者的策略佈局。

Currently, DOGE is trading above $0.15, having briefly touched $0.16. As of today, DOGE is valued at $0.1556, with a market capitalization of $22.46 billion and a 24-hour trading volume of $1.96 billion, representing an 18.33% increase. Furthermore, open interest in Dogecoin futures has risen by 11.83% to $884.94 billion, indicating growing interest among derivative investors. Notably, short sellers dominate liquidations, with $2.51 million in liquidations, suggesting a potential short squeeze that could significantly boost DOGE's price.

目前，DOGE 的交易價格高於 0.15 美元，曾短暫觸及 0.16 美元。截至今日，DOGE估值為0.1556美元，市值224.6億美元，24小時交易量19.6億美元，漲幅18.33%。此外，狗狗幣期貨的未平倉合約成長了 11.83%，達到 8,849.4 億美元，顯示衍生性商品投資者的興趣不斷增長。值得注意的是，賣空者在清算中占主導地位，清算額為 251 萬美元，這表明潛在的空頭擠壓可能會顯著推高 DOGE 的價格。

DOGE at a Critical Point According to Technical Analysis

根據技術分析，DOGE 正處於關鍵點

Technical indicators, however, suggest that Dogecoin's price dynamics are at a critical juncture. The 50-day Exponential Moving Average (EMA) around $0.1652 serves as a resistance level. A breakout above this level could signal a transition into a bullish market, potentially propelling DOGE's price towards the subsequent resistance levels at $0.18 and $0.20.

然而，技術指標顯示狗狗幣的價格動態正處於關鍵時刻。 0.1652 美元附近的 50 天指數移動平均線 (EMA) 是阻力位。突破該水平可能標誌著進入牛市的過渡，可能推動 DOGE 的價格升至隨後的阻力位 0.18 美元和 0.20 美元。

Conversely, in a bearish scenario, the 100-day EMA at $0.1434 emerges as a support level, providing a buffer against significant declines. Just below this level, the 200-day EMA at $0.1237 serves as a crucial long-term support, and in the event of a downturn, these two levels are anticipated to support the price and prevent a substantial decline.

相反，在看跌情況下，0.1434 美元的 100 日均線將成為支撐位，為大幅下跌提供緩衝。略低於該水平，200 日均線 0.1237 美元是關鍵的長期支撐，在經濟低迷的情況下，這兩個水平預計將支撐價格並防止大幅下跌。