Dogecoin investors have recently seen the crypto stalling at the $0.2 mark as bullish sentiment amongst whales and other traders starts to falter. Interestingly, DOGE has yet to have a tangible breakout above the $0.2 mark since March 31. In fact, the crypto went on a decline in the first week of April to reach as low as $0.1719. 

最近，隨著鯨魚和其他交易者的看漲情緒開始動搖，狗狗幣投資者發現加密貨幣在 0.2 美元大關停滯不前。有趣的是，自 3 月 31 日以來，DOGE 尚未實際突破 0.2 美元大關。事實上，該加密貨幣在 4 月第一周繼續下跌，最低至 0.1719 美元。

Despite having reversed some of this decline at the time of writing, Dogecoin has yet to perform as many investors would expect. Furthermore, chart formation shows the cryptocurrency could be stuck in a bearish pattern and on-chain data indicates whales are selling their DOGE holdings. At the same time, short-term holders have seen their holdings increase, which makes them vulnerable to selloffs.

儘管在撰寫本文時狗狗幣已經扭轉了部分跌勢，但其表現尚未達到許多投資者的預期。此外，圖表形成顯示加密貨幣可能陷入看跌模式，鏈上數據顯示鯨魚正在出售其持有的 DOGE。同時，短期持有者的持倉量有所增加，這使得他們很容易遭受拋售。

Dogecoin Whales Are Selling

According to data from the on-chain analytics platform Santiment, the amount of Dogecoin in wallets holding between 10,000,000 and 100,000,000 DOGE has been in a freefall since the beginning of the month. The wallets have particularly decreased their holdings by 333 million DOGE in this timeframe. 

狗狗幣鯨魚正在出售 根據鏈上分析平台 Santiment 的數據，自本月初以來，持有 10,000,000 至 100,000,000 DOGE 的錢包中狗狗幣的數量一直在直線下降。在此期間，錢包的持有量尤其減少了 3.33 億個 DOGE。

Whales often drive price action and sentiment in the crypto market, as evidenced by an accompanying fall in the price of Dogecoin. For example, the drop in the total whale balance has corresponded with an 18% drop in DOGE’s price from $0.2262 on March 28 to $0.1854 in the past 24 hours. 

相關閱讀：加密貨幣分析師確定 XRP 的“三駝峰”和“彈跳點”，目標是什麼？鯨魚通常會推動加密市場的價格走勢和情緒，狗狗幣價格隨之下跌就證明了這一點。例如，鯨魚總餘額的下降對應著 DOGE 價格從 3 月 28 日的 0.2262 美元跌至過去 24 小時內的 0.1854 美元 18%。

Source: Santiment

Recent data from IntoTheBlock also shows a 6% increase in the holdings of short-term traders in the past 10 days. While this could signal a bullish trend among DOGE short-term holders, their trading nature spells a potential decline for the crypto. Unlike whales and long-term holders, short-term traders are known for holding their assets for only between one to three months, making their holdings vulnerable to selloffs any time soon which could lead to a drop in price.

資料來源：Santiment IntoTheBlock 的最新數據也顯示，過去 10 天短線交易者的持股增加了 6%。雖然這可能預示著 DOGE 短期持有者的看漲趨勢，但其交易性質意味著加密貨幣可能會下跌。與鯨魚和長期持有者不同，短期交易者以僅持有一到三個月的資產而聞名，這使得他們持有的資產很容易很快就會遭到拋售，從而可能導致價格下跌。

What’s Next For DOGE?

At the time of writing, DOGE is trading at $0.1970, up by 4% in the past 24 hours. However, the bullish sentiment would need to flow to a majority of the whales for the crypto to keep up the bullish action. Increased selloff from large traders could change the sentiment of other investors, leading to a fall in the price of DOGE.  

DOGE 的下一步是什麼？截至撰寫本文時，DOGE 的交易價格為 0.1970 美元，在過去 24 小時內上漲了 4%。然而，看漲情緒需要流向大多數鯨魚，加密貨幣才能維持看漲行動。大型交易商拋售的增加可能會改變其他投資者的情緒，導致 DOGE 價格下跌。

IntoTheBlock recently noted that Dogecoin is facing a big resistance at $0.20 on its way to breaking a new yearly high. Notably, over 32,000 addresses are holding 3.78 billion DOGE at a loss at this price level. This means a break over this level could see a large bunch selling their holdings, which in turn could derail a price increase.  

相關閱讀：幣安在最新的儲備證明報告中披露了大量的柴犬持有量 IntoTheBlock 最近指出，狗狗幣在突破年度新高的過程中面臨著 0.20 美元的巨大阻力。值得注意的是，在這個價格水平上，超過 32,000 個地址持有 37.8 億個 DOGE，處於虧損狀態。這意味著突破這一水平可能會導致大批人拋售所持股份，進而可能破壞價格上漲。

DOGE price at $0.19 | Source: DOGEUSDT on Tradingview.com

DOGE 售價為 0.19 美元 |資料來源：Tradingview.com 上的 DOGEUSDT 精選圖片來自 Shrimpy Academy，圖表來自 Tradingview.com