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The largest memecoin by market value, Dogecoin (DOGE), has regained the interest of investors following a market downturn that led to significant losses. The current recovery in DOGE’s price has been fueled by a single Dogecoin whale’s purchase of 200 million DOGE in a series of transactions, which has increased expectations for the memecoin’s future price trajectory.
市值最大的模因币狗狗币(DOGE)在市场低迷导致重大损失后重新获得了投资者的兴趣。目前 DOGE 价格的回升得益于单只狗狗币鲸鱼在一系列交易中购买了 2 亿个 DOGE,这增加了人们对 memecoin 未来价格轨迹的预期。
Whale Accumulates 200 Million DOGE
鲸鱼累积2亿DOGE
Amid DOGE’s current upward momentum, with the price surpassing the $0.18 threshold, discussions about the potential end of the downtrend have captured the attention of cryptocurrency investors. Speculations about DOGE’s eagerly anticipated $1 level have intensified due to the increasing whale accumulation and the altcoin’s demonstrated resilience against further declines. Moreover, with Bitcoin‘s expected fourth block reward halving on April 19, market observers are forecasting a potential bull run for Dogecoin’s price.
在DOGE目前的上涨势头中,价格突破了0.18美元的门槛,有关下跌趋势可能结束的讨论引起了加密货币投资者的注意。由于鲸鱼积累的增加以及山寨币表现出的抵御进一步下跌的弹性,对 DOGE 热切期待的 1 美元水平的猜测已经加剧。此外,随着比特币第四个区块奖励将于 4 月 19 日减半,市场观察人士预测狗狗币的价格可能会出现牛市。
At this point, the tendency of whales to accumulate is also raising expectations for DOGE, supporting its rise. The Whale Alert service, which detects and publicly shares large movements on blockchains, reported that an unidentified wallet address recently purchased 199.27 million DOGE in a series of transactions. This purchase, valued at $35.45 million, was executed on the Robinhood exchange and has generated significant buzz within the altcoin’s community.
此时鲸鱼的吸筹趋势也提升了对DOGE的预期,支撑其上涨。 Whale Alert 服务负责检测并公开分享区块链上的大型变动,该服务报告称,一个身份不明的钱包地址最近在一系列交易中购买了 1.9927 亿个 DOGE。此次购买价值 3545 万美元,在 Robinhood 交易所执行,并在山寨币社区中引起了巨大反响。
Signs of an Uptrend Emerge
上升趋势的迹象出现
In light of these developments, Dogecoin’s price has seen a 2.93% increase in the last 24 hours and is trading above the $0.181 threshold at the time of writing. The recent price surge, combined with notable whale accumulations, has positioned the altcoin on an upward trajectory. Additionally, data from Coinglass indicates that DOGE’s open interest (OI) in the derivatives market has increased by 3.58%, suggesting growing investor interest and capital inflows into the altcoin in the derivatives market, potentially signaling the end of the downtrend.
鉴于这些进展,狗狗币的价格在过去 24 小时内上涨了 2.93%,在撰写本文时交易价格高于 0.181 美元。最近的价格飙升,加上鲸鱼的大量积累,使山寨币处于上升轨道。此外,Coinglass 的数据显示,DOGE 在衍生品市场的未平仓合约 (OI) 增加了 3.58%,这表明投资者对衍生品市场的山寨币的兴趣和资本流入不断增加,可能预示着下跌趋势的结束。
Technical indicators are also signaling a potential uptrend for DOGE. For example, the leading technical indicator, the Relative Strength Index (RSI), is giving a neutral signal at the 52 level, indicating that the path is clear for the altcoin’s rise.
技术指标也预示着 DOGE 的潜在上升趋势。例如,领先的技术指标相对强度指数(RSI)在 52 水平发出中性信号,表明山寨币的上涨路径是明确的。
Experts suggest that if buying pressure continues to increase, DOGE could see a significant upward move, potentially opening the door to the long-awaited $1 level. However, they also caution that an increase in profit-taking could intensify selling pressure, potentially causing the altcoin’s price to retreat to previous support levels and enter a downtrend.
专家表示,如果购买压力继续增加,DOGE 可能会出现大幅上涨,可能打开期待已久的 1 美元水平之门。然而,他们也警告说,获利了结的增加可能会加剧抛售压力,可能导致山寨币的价格回落至之前的支撑位并进入下跌趋势。
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