Whale Activity and Dogecoin Price Fluctuations

鯨魚活動和狗狗幣價格波動

In the ongoing cryptocurrency market dynamics, Whale Alert, an on-chain transaction tracker, recently shared information on revealing a significant transaction involving Dogecoin (DOGE). A crypto whale deposited a substantial 228 million DOGE, valued at approximately $34 million, into Coinbase, the leading cryptocurrency exchange in the United States.

在持續不斷的加密貨幣市場動態中，鏈上交易追蹤器 Whale Alert 最近分享了披露涉及狗狗幣（DOGE）的重大交易的資訊。一隻加密鯨魚將 2.28 億枚 DOGE 存入美國領先的加密貨幣交易所 Coinbase，價值約 3,400 萬美元。

This whale activity is not an isolated incident. In recent times, crypto whales have been depositing large amounts of DOGE into Decentralized Exchanges (DEXs) in response to market events such as the release of the United States CPI data and geopolitical tensions. These deposits have contributed to an over 18% decline in the DOGE price.

這次鯨魚活動並不是孤立的事件。近年來，為了因應美國CPI資料發布和地緣政治緊張局勢等市場事件，加密鯨魚將大量DOGE存入去中心化交易所（DEX）。這些存款導致 DOGE 價格下跌超過 18%。

The recent 228 million DOGE deposit on Coinbase resulted in a price drop of over 1%. Currently, DOGE is trading near $0.14, having experienced a 1.5% downside momentum in the last 24 hours. Over a longer period, DOGE has faced a 2% decline in the last 7 days and a significant 18% drop in the last 30 days.

最近 Coinbase 上存入的 2.28 億 DOGE 導致價格下跌超過 1%。目前，DOGE 的交易價格接近 0.14 美元，在過去 24 小時內經歷了 1.5% 的下跌勢頭。從較長時期來看，DOGE 在過去 7 天面臨 2% 的下跌，在過去 30 天則面臨 18% 的大幅下跌。

Dogecoin Technical Analysis and Key Levels

狗狗幣技術分析和關鍵水平

Technical analysis indicates that DOGE is finding support from a trendline on a daily time frame, consolidating within a narrow range between $0.147 and $0.164. If a daily candle closes below $0.147, it could trigger a downward trend, potentially leading to a decline to the $0.128 level. Conversely, if the daily candle closes above $0.164, it could indicate a bullish momentum, potentially leading to an upward move towards the $0.203 level. (Source: TradingView)

技術分析表明，DOGE 正在從每日時間框架的趨勢線中尋找支撐，在 0.147 美元至 0.164 美元之間的窄幅區間內盤整。如果每日蠟燭收盤價低於 0.147 美元，則可能引發下跌趨勢，可能導致跌至 0.128 美元水準。相反，如果每日蠟燭收盤價高於 0.164 美元，則可能表明看漲勢頭，可能導致價格上漲至 0.203 美元水平。 （來源：TradingView）

It is worth noting that the 24-hour trading volume has decreased by 30% to below $1 billion, suggesting a lack of interest from both investors and retailers in DOGE.

值得注意的是，24小時交易量下降了30%至不到10億美元，顯示投資者和零售商都對DOGE缺乏興趣。

Overall Market Sentiment

整體市場情緒

Concurrently, the broader cryptocurrency market is also facing challenges. Major cryptocurrencies such as Bitcoin, Ethereum, Solana, XRP, and Binance Coin have experienced a similar downside momentum of approximately 1%.

同時，更廣泛的加密貨幣市場也面臨挑戰。比特幣、以太幣、Solana、XRP 和幣安幣等主要加密貨幣也經歷了約 1% 的類似下行勢頭。