• Despite bullish signals, the CVD showed that DOGE’s price might not hit $0.20 soon.
• Traders are convinced that the coin will be profitable in the long term.

Dogecoin’s [DOGE] price climbed by 6.21% in the last 24 hours after an earlier decline to $0.14. But analyst Ali Martinez posted that this could just be the start of an uptrend that could last four days.

尽管有看涨信号，CVD 显示 DOGE 的价格可能不会很快达到 0.20 美元。交易者相信，从长远来看，该代币将有利可图。狗狗币 [DOGE] 的价格在早些时候跌至 0.14 美元后，在过去 24 小时内上涨了 6.21% 。但分析师阿里·马丁内斯表示，这可能只是持续四天的上升趋势的开始。

According to Martinez, the Tom DeMark (TD) Sequential on the daily chart showed a buy signal. The TD Sequential is a technical used to identify trend exhaustion and potential reversal.

根据马丁内斯的说法，日线图上的 Tom DeMark (TD) 序列显示出买入信号。 TD 顺序是一种用于识别趋势耗尽和潜在逆转的技术。

From the chart the analyst shared, sellers got exhausted after DOGE hit $0.14. Hence, an uptick was supposed to be the next step.

从分析师分享的图表来看，在 DOGE 触及 0.14 美元后，卖家精疲力尽。因此，下一步应该是上涨。

Source: X

来源：X

DOGE Day came with good tidings

Apart from the technical perspective, AMBCrypto identified “DOGE Day” on the 20th of April as another reason the price of the coin jumped.

DOGE Day 带来好消息除了技术角度之外，AMBCrypto 将 4 月 20 日的“DOGE Day”确定为代币价格上涨的另一个原因。

Previously, we reported how Dogecoin could experience a price increase in the lead-up to the day.

之前，我们报道了狗狗币在当天的前夕如何经历价格上涨。

Interestingly, it seemed that the day that the project’s community designed to celebrate proved to be a “buy the rumor” event for the price.

有趣的是，该项目社区设计的庆祝活动似乎被证明是一场“以价格购买谣言”的活动。

But will a “sell the news” effect come after? According to data from Coinalyze, the Cumulative Volume Delta (CVD) was down to negative territory.

但随后会出现“推销新闻”效应吗？根据 Coinalyze 的数据，累积交易量增量 (CVD) 已降至负值。

This trend implied that sellers were likely to meet the bid and pay the current market price for the coin. If this continues, then DOGE might not be able to surpass $0.20 in the short term.

这种趋势意味着卖家可能会满足出价并以当前的市场价格购买代币。如果这种情况持续下去，那么短期内DOGE可能无法突破0.20美元。

Source: Coinalyze

来源：Coinalyze

On the other hand, if the CVD rises, buyers might trade in the offer while sellers might be sidelined. In this instance, the value of the coin might continue to rise for the rest of the week.

另一方面，如果CVD上升，买家可能会进行报价，而卖家可能会观望。在这种情况下，代币的价值可能会在本周剩余时间内继续上涨。

Furthermore, AMBCrypto considered the price prediction from an on-chain angle. One of the metrics we looked at first was the volume.

此外，AMBCrypto 从链上角度考虑了价格预测。我们首先关注的指标之一是数量。

The price may slow down

As of this writing, Dogecoin’s increased slightly within the same period its price climbed. However, it seemed that the rising volume might not be enough to back a breakout.

价格可能会放缓截至撰写本文时，狗狗币的价格在其价格上涨的同一时期内略有上涨。然而，成交量的增加似乎不足以支持突破。

Hence, DOGE’s price might stall at some point before the new week ends. But in a case where the trading volume rises significantly alongside the price, the bullish thesis might be invalidated.

因此，DOGE 的价格可能会在新一周结束前的某个时刻停滞不前。但如果交易量随价格大幅上涨，看涨论点可能会失效。

In addition, Dogecoin’s aggregated Funding Spiked to 0.01%. Positive funding means long-positioned traders are paying shorts a fee to keep their positions open.

此外，狗狗币的融资总额飙升至 0.01%。正资金意味着多头交易者需要向空头支付费用以保持其持仓。

Source: Santiment

资料来源：Santiment

This indicates a bullish sentiment. However, Funding Rate could give an insight into the possible movement of the price.

这表明看涨情绪。然而，资金费率可以让我们了解价格可能的变动。

For DOGE, the high positive funding with the price increase, suggests that perp longs are aggressive.

对于 DOGE 来说，价格上涨带来的高额正融资表明永续多头的积极性。

Is your portfolio green? Check the DOGE Profit Calculator

您的投资组合是绿色的吗？查看 DOGE 利润计算器

Interestingly, these traders are being rewarded for their position. In the short term, this is bullish for DOGE. However, if funding becomes lower, the bullish forecast might be invalidated.

有趣的是，这些交易者因其地位而获得奖励。短期来看，这对 DOGE 来说是利多的。然而，如果资金减少，看涨预测可能会失效。

But for now, DOGE seemed ready to rise higher than $0.16.

但就目前而言，DOGE 似乎已准备好上涨至 0.16 美元以上。

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