Dogecoin (DOGE) Price Fluctuations and Miner Activity

Dogecoin（Doge）價格波動和礦工活動

Recent developments in the cryptocurrency market show Dogecoin (DOGE) experiencing price volatility. However, over the past week, DOGE has shown signs of recovery from its recent low of $0.1465, attempting to break through new resistance levels.

加密貨幣市場的最新發展表明，Dogecoin（Doge）經歷了價格波動。 但是，在過去的一周中，Doge從最近的0.1465美元的低落中顯示出恢復的跡象，試圖突破新的阻力水平。

Will Miner Sell-Offs Cause a Price Crash?

礦工拋售會導致價格崩潰嗎？

DOGE's recovery could be hampered by recent miner activity. Over the past 48 hours, significant miner selling has raised concerns. On-chain analyst Ali Martinez highlighted that Dogecoin miners sold 65 million DOGE during this period. Miners receive DOGE as a reward for validating transactions and securing the network. This large-scale liquidation has sparked worry among some market participants.

最近的礦工活動可能會阻礙Doge的恢復。 在過去的48小時中，大量的礦工銷售引起了人們的關注。鍊鍊分析師阿里·馬丁內斯（Ali Martinez）強調，在此期間，狗狗幣礦工出售了6500萬輛。 礦工收到門檻是驗證交易和確保網絡的獎勵。這種大規模清算引發了一些市場參與者的擔憂。

Image Source: Ali Charts on X

圖像來源：X上的Ali圖表

The substantial sell-off could increase the circulating supply of DOGE on exchanges, potentially leading to downward price pressure if demand doesn't increase proportionally. Furthermore, negative market sentiment could amplify this effect, with some interpreting the miner actions as a bearish signal. Analysts suggest that this significant sell-off could cause short-term price fluctuations, depending on market conditions and the ability of the market to absorb the increased supply. Conversely, a strong absorption of the sold DOGE could be viewed as a bullish indicator.

大量的拋售可能會增加交易所循環的門檻供應，如果需求不成比例增加，則可能導致價格壓力下降。 此外，負面的市場情緒可以擴大這種影響，其中一些將礦工的行動解釋為看跌信號。 分析師認為，這種重大拋售可能會導致短期價格波動，具體取決於市場狀況以及市場吸收增加供應的能力。 相反，可以將出售的Doge的強烈吸收視為看漲指標。

Investor Confidence in Dogecoin

投資者對Dogecoin的信心

Despite miner activity, DOGE's Open Interest shows investors are betting on a price increase. Over the past 24 hours, Open Interest rose by 3%, with Dogecoin futures traders committing 8.43 billion DOGE (approximately $1.49 billion). This indicates renewed interest, particularly on major exchanges like Gate.io, Binance, Bybit, and OKX, suggesting traders anticipate a potential price breakout. Gate.io saw the highest commitment, with 29.86% of the total Open Interest.

儘管有礦工活動，但總督的開放興趣表明投資者正在押注價格上漲。 在過去的24小時內，開放興趣增長了3％，Dogecoin期貨交易者承諾了84.3億輛Doge（約合14.9億美元）。 這表明了新的興趣，尤其是在Gate.io，Binance，Bybit和Okx等主要交易所中，建議交易者預計會出現潛在的價格突破。 Gate.io的承諾最高，其中29.86％的開放利息。

Market observers see this high level of trader interest as a sign of optimism despite recent price fluctuations.

市場觀察家將這種高水平的交易者興趣視為近期價格波動，這是樂觀的跡象。

Dogecoin Price Outlook

Dogecoin價格前景

At the time of writing, DOGE was trading at $0.1772, a 2.67% increase in the last 24 hours, though trading volume decreased by 27.64% to $801.55 million. Analysts believe that increased trading volume could positively impact the price. Mid-term price predictions vary widely, with some analysts forecasting prices as high as $5. Ali Martinez, however, offers a more conservative prediction of $1.50 within the next 30 days and $3 in the long term.

在撰寫本文時，Doge的交易價格為0.1772美元，在過去24小時內增長了2.67％，儘管交易量減少了27.64％，至80155萬美元。 分析師認為，增加的交易量可能會對價格產生積極影響。 中期價格預測差異很大，一些分析師預測價格高達5美元。 但是，阿里·馬丁內斯（Ali Martinez）在接下來的30天內提供了更保守的預測，長期為3美元。