Dogecoin, the king of meme coins, is known for its high volatility, but it has been moving steadily for months. The reason for this is Elon Musk’s decreased interest in it. The last opportunity was the sale and return to X on Twitter, but the community has lost hope for DOGE integration. Indeed, regulatory pressure is now something even Musk is afraid of.

狗狗币是模因币之王，以其高波动性而闻名，但几个月来一直稳定波动。其原因是埃隆·马斯克(Elon Musk)对此的兴趣下降。最后的机会是在 Twitter 上出售并回归 X，但社区已经对 DOGE 整合失去了希望。事实上，监管压力现在连马斯克都感到害怕。

Dogecoin (DOGE) Analysis

狗狗币（DOGE）分析

The price of DOGE is currently at $0.070, and the halt in BTC’s rise has also halted the price increase. At the time of writing, BTC has been able to maintain $36,000, so the outlook is currently positive. However, it is uncertain whether the significant selling pressure from the $38,000 test will continue. We will come back to the price, but for now, let’s take a look at the Dogecoin network data.

DOGE的价格目前为0.070美元，BTC上涨的停止也停止了价格的上涨。截至撰写本文时，BTC 已能够维持在 36,000 美元，因此目前前景乐观。然而，38,000 美元测试带来的巨大抛售压力是否会持续尚不确定。我们将回到价格，但现在让我们看一下狗狗币网络数据。

There is an issue here. We previously mentioned that DOGE miners were accumulating in our previous analysis. The reserves, which reached 4.47 billion on November 6, had seen their peak at the end of October. However, in the past three days, miners have reduced their reserves to 4.41 billion. This means that while the price was rising, selling has intensified. This indicates that miners may not have been convinced by the recent rally. The selling trend has been ongoing since August 15 on a broader scale.

这里有一个问题。我们之前在之前的分析中提到过 DOGE 矿工正在积累。 11月6日，储备金达到44.7亿，10月底达到顶峰。然而，近三天以来，矿工已将储备金减少至44.1亿。这意味着，在价格上涨的同时，抛售也在加剧。这表明矿工可能并没有被最近的上涨所说服。自 8 月 15 日以来，抛售趋势一直在更广泛的范围内持续。

In the chart below, you can see the proportion of three groups consisting of whales, middle-class investors, and individual investors among total investors. In the past month, whales have reduced their holdings by 0.37%. However, the group that can be referred to as individual investors has increased by 1.43%. This indicates that senior investors are not hesitant to sell to individuals. The miner sales and their medium-term negative expectations appear to be consistent.

下图可以看到鲸鱼、中产投资者、个人投资者三个群体占总投资者的比例。过去一个月，鲸鱼减持了0.37%。然而，可以称为个人投资者的群体却增加了1.43%。这表明高级投资者在向个人出售股票时并不犹豫。矿商的销售和他们的中期负面预期似乎是一致的。

Let’s dive into more detail. The large investors who have reduced their holdings are seen as addresses holding between 1 billion and 10 billion DOGE in the chart below. The most accumulation has been made by addresses holding between 10 thousand and 100 thousand DOGE.

让我们深入了解更多细节。下图中，减持的大投资者被视为持有 10 亿至 100 亿 DOGE 之间的地址。持有 10,000 到 100,000 DOGE 的地址积累最多。

DOGE Price Predictions

DOGE 价格预测

According to a FoxBusiness report at the time of writing, we learned that BlackRock is waiting for ETF approval until January (with high hopes in this regard). This is helpful for the continuation of positive sentiment for cryptocurrencies in the short term. As for the DOGE price, we see that it continues to linger around $0.071.

根据 FoxBusiness 在撰写本文时的报道，我们了解到贝莱德正在等待 ETF 的批准，直到一月份（对此寄予厚望）。这有助于短期内加密货币积极情绪的持续。至于 DOGE 价格，我们看到它继续徘徊在 0.071 美元左右。

The long upper wicks in the chart indicate that someone is selling at resistance levels. We mentioned this group earlier. For the bullish sentiment to become more apparent, the $0.075 area where selling is intensifying needs to turn into support. Then, targets of $0.095 and $0.1 can be aimed for with closings above $0.081.

图表中的长上影线表明有人在阻力位卖出。我们之前提到过这个群体。为了让看涨情绪变得更加明显，抛售加剧的 0.075 美元区域需要转变为支撑。然后，目标价为 0.095 美元和 0.1 美元，收盘价高于 0.081 美元。

继续阅读：https://en.coin-turk.com/dogecoin-doge-analysis-volatility-and-miner-reserves/