Dogecoin Witnesses Surge in Large Transactions Amid Market Turmoil

在市场动荡中，狗狗币见证了大额交易的激增

Dogecoin (DOGE) has shown remarkable resilience, with its transaction volume reaching a staggering $1.09 billion in large trades.

狗狗币（DOGE）表现出了非凡的韧性，其大额交易额达到了惊人的 10.9 亿美元。

This significant transaction volume, as tracked by IntoTheBlock, indicates heightened activity from major investors, including whales and institutional players. Such large transactions often signal increased buying or selling activity by these influential entities.

IntoTheBlock 追踪的这一巨大交易量表明，包括鲸鱼和机构参与者在内的主要投资者的活动有所增加。如此大的交易通常表明这些有影响力的实体的购买或销售活动有所增加。

Market Volatility Impacts Dogecoin

市场波动影响狗狗币

Despite its recent surge in large transactions, Dogecoin has not been immune to the wider market downturn. Bitcoin's dip to around $65,000 on Tuesday, triggered by concerns over potential cryptocurrency sales by the U.S. government, also impacted DOGE.

尽管最近大额交易激增，但狗狗币也未能幸免于更广泛的市场低迷。由于对美国政府潜在的加密货币销售的担忧，比特币周二跌至 65,000 美元左右，也影响了 DOGE。

Consequently, Dogecoin has been trading in the red, reflecting the bearish market sentiment.

因此，狗狗币一直处于亏损状态，反映了看跌的市场情绪。

Price Analysis: Support and Resistance Dynamics

价格分析：支撑和阻力动态

After a four-day decline, Dogecoin found support at the 50-day Simple Moving Average (SMA) of $0.123. This recovery suggests that buyers may be attempting to establish this level as a new support base.

经过四天的下跌后，狗狗币在 50 日简单移动平均线 (SMA) 0.123 美元处找到支撑。这种复苏表明买家可能试图将该水平建立为新的支撑基础。

However, Dogecoin's current struggle is evident in its 3.16% decline over the past 24 hours and a 5.42% drop over the past week. The strength of the bulls' efforts to counter the selling pressure remains uncertain.

然而，狗狗币目前的困境显而易见，过去 24 小时内下跌 3.16%，过去一周下跌 5.42%。多头应对抛售压力的力度仍不确定。

Potential Scenarios

潜在场景

If the bulls succeed in maintaining the 50-day SMA as support, Dogecoin could experience a rally targeting the 200-day SMA at $0.134. A breakout above this level could lead to further gains towards $0.14 and potentially an upward trend towards $0.18.

如果多头成功维持 50 日移动平均线作为支撑，狗狗币可能会出现反弹，目标是 200 日移动平均线 0.134 美元。突破该水平可能会导致进一步上涨至 0.14 美元，并可能呈上升趋势至 0.18 美元。

Conversely, if the bears push the price below $0.12, increased selling pressure could drive Dogecoin down to $0.10.

相反，如果空头将价格推低至 0.12 美元以下，抛售压力的增加可能会导致狗狗币跌至 0.10 美元。

Disclaimer

免责声明

This article is intended solely for informational purposes and should not be construed as investment advice.

本文仅供参考，不应被视为投资建议。