Dogecoin Sees Spike in Selling Pressure Amidst Whale Activity

鯨魚活動期間狗狗幣拋售壓力激增

Dogecoin's price has experienced a notable downward trend due to increased selling pressure from whale activity. The short-term moving average has fallen below the long-term average, indicating a bearish signal.

由於鯨魚活動的拋售壓力增加，狗狗幣的價格經歷了顯著的下降趨勢。短期均線已跌破長期均線，顯示看跌訊號。

On-Chain Metrics and Transaction Volumes

鏈上指標和交易量

On-chain metrics reveal a significant imbalance between bid and ask volumes, favoring sellers. The recent sell-off has also been accompanied by a surge in transaction volumes. Notably, Dogecoin's transaction volumes peaked on July 20, 2024, with over 1000 transactions within a seven-day period.

鏈上指標顯示出價和要價之間存在顯著不平衡，這對賣家有利。最近的拋售也伴隨著交易量的激增。值得注意的是，狗狗幣的交易量於 2024 年 7 月 20 日達到峰值，7 天內交易量超過 1000 筆。

Additionally, whales have been actively selling DOGE, with a significant 5.73 billion DOGE moved in the past 24 hours.

此外，鯨魚一直在積極出售 DOGE，在過去 24 小時內賣出了 57.3 億枚 DOGE。

Technical Indicators

技術指標

Despite the short-term bearish outlook, on-chain data suggests that Dogecoin may be approaching a reversal point. Historically, heavy selling pressure from whales has often signaled market bottoms and potential recoveries.

儘管短期前景看跌，但鏈上數據顯示狗狗幣可能正在接近反轉點。從歷史上看，來自鯨魚的巨大拋售壓力往往預示著市場觸底和潛在復甦。

The relative strength index (RSI) is hovering around 50, indicating that Dogecoin is neither overbought nor oversold. This could signal a potential trend reversal if buyers step in.

相對強弱指數（RSI）徘徊在50左右，顯示狗狗幣既沒有超買也沒有超賣。如果買家介入，這可能預示著潛在的趨勢逆轉。

Moving averages also present a mixed signal. Dogecoin's ability to remain above support levels like the 100 EMA and its recent resilience above $0.125 indicate underlying strength despite the bearish death cross.

移動平均線也呈現混合訊號。狗狗幣能夠保持在 100 EMA 等支撐位上方，並且近期在 0.125 美元上方的反彈表明，儘管存在看跌死亡交叉，但狗狗幣仍具有潛在的強勢。

Community Influence

社區影響力

Dogecoin's vibrant community often defies conventional technical analysis, leading to unexpected rallies. Therefore, market sentiment for Dogecoin may diverge from broader technical indicators.

狗狗幣充滿活力的社群經常違背傳統的技術分析，導致意想不到的反彈。因此，狗狗幣的市場情緒可能與更廣泛的技術指標不同。