Bitcoin price dropped below $35,000 a few hours ago and is now attempting to recover after testing its recent support. Meanwhile, market-value/”>DOGE is currently trading at $0.068. The altcoin market has experienced some volatility and minor corrections. So, what is the current situation for Dogecoin investors, and which levels should they focus on?

几个小时前，比特币价格跌破 35,000 美元，目前在测试其近期支撑位后正试图恢复。同时，

Dogecoin (DOGE)

狗狗币 (DOGE)

According to on-chain data, whale activity increased from 790 to 1090 between November 27 and early December. This could be due to the overall market sentiment and the celebrations surrounding DOGE. During the same period last year, DOGE whale activity increased by approximately 450%. The 2022 DOGE Day celebration resulted in a 100% price increase from $0.060. Of course, we should not forget the impact of Elon Musk and the Twitter sales factor.

链上数据显示，11 月 27 日至 12 月初期间，鲸鱼活动从 790 头增加到 1090 头。这可能是由于整体市场情绪和围绕 DOGE 的庆祝活动所致。去年同期，DOGE 鲸鱼活动增加了约 450%。 2022 年 DOGE 日庆祝活动导致价格从 0.060 美元上涨 100%。当然，我们不应该忘记埃隆·马斯克和推特销售因素的影响。

So, what about Dogecoin miners? Between October 25 and November 1, miners took a break from selling and accumulated 40 million DOGE. We previously mentioned that we might not see a significant price increase in the medium term due to the massive sales by DOGE miners. This turned out to be true, and the 40 million DOGE purchased by miners did not have much impact on the price.

那么，狗狗币矿工呢？ 10 月 25 日至 11 月 1 日期间，矿工暂停抛售，累积了 4000 万枚 DOGE。我们之前提到过，由于 DOGE 矿机的大量抛售，中期内价格可能不会大幅上涨。事实证明这是真的，矿工购买的4000万DOGE并没有对价格产生太大影响。

Miners, who have accumulated only $2.8 million, may still believe that the price could drop to more reasonable levels. To be sure, we need to monitor how long the accumulation will continue. If the accumulation persists, the resistance levels will weaken as selling pressure decreases, and smaller investors will be encouraged to buy.

仅积累了 280 万美元的矿工可能仍然相信价格可能会下降到更合理的水平。当然，我们需要监控积累会持续多久。如果吸筹持续存在，阻力位将随着抛售压力下降而减弱，小型投资者将被鼓励买入。

The Future of DOGE Price

DOGE价格的未来

In an environment where miners have paused selling and started accumulating, while whales’ risk appetite has increased again, what will happen to the price of DOGE? For now, it seems that an overly optimistic approach would be unwarranted. Moreover, the withdrawal of Musk’s support and the almost certain exclusion of Dogecoin from Twitter’s payment services have eliminated positive external factors.

在矿工暂停抛售并开始囤积、鲸鱼风险偏好再次上升的环境下，DOGE的价格会发生什么变化？目前看来，过于乐观的做法似乎是没有根据的。此外，马斯克撤回支持以及几乎肯定将狗狗币排除在 Twitter 支付服务之外，已经消除了积极的外部因素。

The critical level for DOGE price was $0.069, which has been lost. The price dropped to $0.065, and if selling continues, it could revisit $0.06.

DOGE 价格的关键水平为 0.069 美元，现已下跌。价格跌至 0.065 美元，如果抛售继续，可能会重新回到 0.06 美元。

On the daily chart, a close below $0.067 indicates that selling pressure could continue towards $0.064 and $0.0616.

在日线图上，收盘价低于 0.067 美元表明抛售压力可能会持续至 0.064 美元和 0.0616 美元。

With the price attempting to re-enter the parallel channel that formed in August, bulls are facing a challenging task.

随着价格试图重新进入八月份形成的平行通道，多头面临着一项艰巨的任务。

继续阅读：https://en.coin-turk.com/dogecoin-doge-on-chain-data-and-price-analysis/