DOGE's Price Plunges, but Metrics Hint at Potential Trend Reversal

DOGE 的價格暴跌，但指標暗示潛在的趨勢逆轉

DOGE's price has experienced a significant drop of over 5% in the past 24 hours. However, several metrics and technical indicators suggest that a trend reversal may be imminent.

DOGE的價格在過去24小時內大幅下跌超過5%。然而，一些指標和技術指標表明趨勢逆轉可能即將到來。

Dogecoin Whales Increase Activity

狗狗幣鯨魚增加活動

Coinpedia Market recently reported a surge in large DOGE transactions amidst speculations surrounding the Ethereum ETF. The total value of these transactions exceeded $100,000, increasing from $1.53 billion to $3.01 billion within the last day.

Coinpedia Market 最近報導稱，在圍繞以太坊 ETF 的猜測中，大宗 DOGE 交易激增。這些交易總價值超過10萬美元，在最後一天內從15.3億美元增加到30.1億美元。

This surge indicates a substantial increase in the volume of DOGE being moved by whales, with the number of coins transferred rising from 9.74 billion to 17.97 billion.

這一激增表明鯨魚轉移的 DOGE 數量大幅增加，轉移數量從 97.4 億增加到 179.7 億。

Network Activity Remains High

網路活動仍然很高

Network activity for DOGE has remained elevated in recent days. The memecoin's daily active addresses have been stable throughout the week, and its velocity has also increased, indicating that DOGE is being used more frequently in transactions.

最近幾天 DOGE 的網路活動仍然很高。 memecoin 的每日活躍地址在一周內保持穩定，其流通速度也有所增加，表明 DOGE 在交易中的使用更加頻繁。

Bears Gain Control

空頭取得控制權

Despite the whales' increased activity, bears have taken control as DOGE's price has dropped. According to CoinMarketCap, DOGE is down by over 5% in the last 24 hours. At the time of writing, it is trading at $0.1578 with a market capitalization exceeding $22.7 billion.

儘管鯨魚的活動有所增加，但隨著 DOGE 價格的下跌，空頭已經佔據了主導地位。根據 CoinMarketCap 的數據，DOGE 在過去 24 小時內下跌了 5% 以上。截至撰寫本文時，其交易價格為 0.1578 美元，市值超過 227 億美元。

Bearish Indicators

看跌指標

The recent price decline has also impacted DOGE's social metrics. Its social volume has decreased, and its weighted sentiment has declined, indicating dominant bearish sentiment.

最近的價格下跌也影響了 DOGE 的社交指標。其社交量下降，權重情緒下降，顯示看跌情緒占主導地位。

Additionally, the MVRV ratio has plummeted in recent days, another bearish indicator.

此外，MVRV 比率最近幾天大幅下降，這是另一個看跌指標。

Potential Trend Reversal

潛在的趨勢逆轉

However, the bearish trend may not persist for long. DOGE's fear and greed index is currently at a value of 37, indicating that the market is in a "fear" phase. Historically, when this metric reaches this level, it signals a high probability of a trend reversal.

然而，看跌趨勢可能不會持續太久。 DOGE的恐懼和貪婪指數目前值為37，表示市場處於「恐懼」階段。從歷史上看，當該指標達到這一水平時，就表示趨勢逆轉的可能性很高。

Technical Analysis

技術分析

An analysis of DOGE's daily chart shows that the Money Flow Index (MFI) has registered an uptick. The price is currently testing its support near its 20-day Simple Moving Average (SMA).

對 DOGE 日線圖的分析顯示，資金流指數 (MFI) 有所上升。目前價格正在測試 20 日簡單移動平均線 (SMA) 附近的支撐位。

If DOGE successfully rebounds from this support, investors may witness a price recovery. However, the Chaikin Money Flow (CMF) remains bearish, suggesting the possibility of continued price declines.

如果 DOGE 成功從該支撐位反彈，投資者可能會看到價格回升。然而，柴金資金流向（CMF）仍然看跌，顯示價格可能持續下跌。