The Dogecoin open interest has seen a good amount of growth over the last few months, culminating in the total finally crossing the $500 million threshold. However, the price of the meme coin continues to trend low, which begs the question of whether the DOGE price is looking to put on a delayed rally.

过去几个月，狗狗币的未平仓头寸大幅增长，最终总额突破了 5 亿美元的门槛。然而，meme 币的价格继续走低，这引发了一个问题：DOGE 价格是否会延迟上涨。

Dogecoin Open Interest Climbs Above $500 Million

狗狗币未平仓合约攀升至 5 亿美元以上

According to data from CoinGlass, the Dogecoin open interest has successfully crossed the $450 million level. This is not the first time that the open interest has been this high and the historical performance during times like these could suggest a rapid increase in the DOGE price is on the way.

根据 CoinGlass 的数据，狗狗币持仓量已成功突破 4.5 亿美元水平。这并不是第一次未平仓合约如此之高，在这样的时期的历史表现可能表明 DOGE 价格即将快速上涨。

The open interest which refers to the total number of futures or options contracts in the Dogecoin market tells us the amount of money that investors are throwing into DOGE derivatives at this time. The bets on the cryptocurrency can either be long or short. But a recurring theme is that price usually rises when the open interest increases.

未平仓合约是指狗狗币市场上的期货或期权合约总数，它告诉我们投资者此时投入狗狗币衍生品的金额。对加密货币的押注可以是多头也可以是空头。但一个反复出现的主题是，当未平仓合约增加时，价格通常会上涨。

The marked increase in the Dogecoin open interest first began in late October, going from its October lows of $226 million to as high as $375 million before the month was over. This trend continued into the month of November when the open interest ran above $500 million. However, the price has not followed in its usual manner.

狗狗币未平仓合约的显着增长首先从 10 月底开始，在该月结束前从 10 月份的低点 2.26 亿美元增至高达 3.75 亿美元。这一趋势一直持续到 11 月份，当时未平仓合约超过 5 亿美元。然而，价格并没有按照通常的方式进行。

Delayed DOGE Rally Could Trigger Return Above $0.2

DOGE 反弹延迟可能引发 0.2 美元以上的回报

It is no secret that the price of Dogecoin has not performed as well as some other altcoins in the market over the past month. This comes even amid new milestones and network growth for the meme coin. For example, the total Dogecoin holder count finally crossed 5 million, and there has been a lot of growth in its network usage. But none of these have been reflected in the price.

众所周知，过去一个月狗狗币的价格表现不如市场上其他一些山寨币。即使是在模因币的新里程碑和网络增长的情况下，这也是如此。例如，狗狗币持有者总数最终突破了 500 万，并且其网络使用量也出现了很大的增长。但这些都没有反映在价格中。

This suggests that DOGE is currently holding out for a delayed rally and it is not out of the ordinary as DOGE has been known to rally outside of the general crypto market trend. So as the crypto market recovery nears what looks to be a wind-down, it could signal that it is time for Dogecoin to shine.

这表明 DOGE 目前正在等待延迟上涨，这并不反常，因为众所周知，DOGE 的反弹超出了总体加密市场趋势。因此，随着加密货币市场的复苏接近尾声，这可能表明狗狗币是时候大放异彩了。

Using the performances of the likes of Solana (SOL) over the last month, DOGE could be looking at the $0.2 target. As crypto analyst Ali Martinez points out, the altcoin is facing significant resistance at $0.87. But once DOGE clears this resistance, then the price could easily double from here.

根据 Solana (SOL) 等公司上个月的表现，DOGE 的目标可能是 0.2 美元。正如加密货币分析师 Ali Martinez 指出的那样，山寨币在 0.87 美元处面临重大阻力。但一旦 DOGE 清除了这一阻力，那么价格很容易就会从这里翻倍。