- DOGE’s price surged by 33% in the last seven days.
- A few indicators hinted at a possible price correction.
Dogecoin [DOGE], the world’s largest meme coin, created a lot of buzz over the last few weeks as its price rallied substantially. Though there might be several factors that helped DOGE showcase this performance, one of the main reasons could be whale activity.
DOGE 的價格在過去 7 天內飆升了 33%。一些指標暗示價格可能會出現調整。 狗狗幣 [DOGE] 是世界上最大的迷因幣,在過去幾周里,隨著其價格大幅上漲,引起了很大的轟動。儘管可能有幾個因素幫助 DOGE 展示了這一表現,但主要原因之一可能是鯨魚活動。
Dogecoin whales are hungry
The entire crypto market remained more or less bullish last week as Bitcoin [BTC] went above the $70k mark. But Dogecoin was the star of the show, as according to CoinMarketCap, the meme’s value surged by more than 33% in just the last seven days.
狗狗幣鯨魚飢腸轆轆上週,隨著比特幣 [BTC] 突破 7 萬美元大關,整個加密貨幣市場仍然或多或少看漲。但狗狗幣是這場秀的明星,根據 CoinMarketCap 的數據,該表情包的價值在過去 7 天內飆升了 33% 以上。
Meanwhile, Ali, a popular crypto analyst, posted a tweet highlighting an interesting development regarding DOGE whales. As per the tweet, whales purchased 1.40 billion DOGE over the past two weeks.
與此同時,受歡迎的加密貨幣分析師阿里發布了一條推文,強調了有關 DOGE 鯨魚的有趣進展。根據該推文,鯨魚在過去兩週購買了 14 億個 DOGE。
The worth of the bought coins was more than $280 million. This clearly indicated that the big players were confident in DOGE and expected the meme coin’s price to rise further in the coming days.
購買的代幣價值超過 2.8 億美元。這清楚地表明大玩家對 DOGE 充滿信心,並預計未來幾天 Meme 幣的價格將進一步上漲。
AMBCrypto’s analysis of Santiment’s data revealed that whale activity around DOGE continued to remain high during the last few days as well. This was evident from the massive rise in its whale transaction counts.
AMBCrypto 對 Santiment 數據的分析顯示,過去幾天 DOGE 周圍的鯨魚活動仍保持在較高水平。從鯨魚交易數量的大幅增加就可以看出這一點。
As the price increased, DOGE’s popularity rose as its social volume surged. The memecoin’s weighted sentiment also shot up on the 28th of March, suggesting that bullish sentiment around the meme coin was dominant in the market.
隨著價格的上漲,DOGE的人氣隨著社交量的激增而上升。 Memecoin 的加權情緒也在 3 月 28 日飆升,表明圍繞 memecoin 的看漲情緒在市場上占主導地位。
Is a trend reversal waiting?
Though the past week was bullish, Dogecoin’s daily chart turned red as its value went down slightly. According to CoinMarketCap, at the time of writing, DOGE was trading at $0.2138 with a market capitalization of over $30 billion, making it the 8th largest crypto.
趨勢反轉正在等待嗎?儘管過去一周看漲,但狗狗幣的日線圖因價值小幅下跌而變成紅色。根據 CoinMarketCap 的數據,截至撰寫本文時,DOGE 的交易價格為 0.2138 美元,市值超過 300 億美元,使其成為第八大加密貨幣。
To check if there could be a reversal, AMBCrypto took a closer look at DOGE’s metrics. We found that despite a short downtick, DOGE’s MVRV ratio continued to remain high.
為了檢查是否可能出現逆轉,AMBCrypto 仔細研究了 DOGE 的指標。我們發現,儘管短暫下降,DOGE 的 MVRV 比率仍保持在較高水準。
Additionally, its funding rate was also green, meaning that derivatives investors were actively buying DOGE.
此外,其融資利率也為綠色,這意味著衍生性商品投資者正在積極購買 DOGE。
Read Dogecoin’s [DOGE] Price Prediction 2024-25
閱讀狗狗幣的 [DOGE] 2024-25 價格預測
We then analyzed Dogecoin’s daily chart. Our analysis revealed that the technical indicator MACD displayed a clear bullish upperhand in the market.
然後我們分析了狗狗幣的日線圖。我們的分析顯示,技術指標MACD在市場上顯示出明顯的看漲優勢。
However, the chances of a price correction can’t be ruled out as the Money Flow Index (MFI) had entered the overbought zone. This might increase selling pressure on the meme coin and in turn drop its price.
然而,由於資金流量指數(MFI)已進入超買區域,因此不能排除價格回檔的可能性。這可能會增加迷因幣的拋售壓力,進而降低其價格。
下一篇:持有XRP是這個市場週期的好選擇嗎?數據顯示…