Dogecoin has a bullish market structure, once again. The lack of trading volume might dent the bullish sentiment.

狗狗币再次呈现看涨的市场结构。交易量不足可能会削弱看涨情绪。

Dogecoin [DOGE] was in an uptrend over the past month after breaching the $0.165 resistance and forming a series of higher lows. However, a recent AMBCrypto report noted that the Weighted Sentiment behind the meme token was negative. Despite the performance over the past three weeks, the public did not appear to be on board with DOGE’s bullish targets.

狗狗币 [DOGE] 在突破 0.165 美元阻力位并形成一系列更高的低点后，在过去一个月处于上升趋势。然而，最近的 AMBCrypto 报告指出，meme 代币背后的加权情绪是负面的。尽管过去三周表现良好，但公众似乎并不认同狗狗币的看涨目标。

Technical analysis showed that this weak social sentiment had other effects on the token in the market. The lack of hype was visible on the volume indicators

技术分析表明，这种疲软的社会情绪对市场上的代币还有其他影响。从成交量指标上可以看出缺乏炒作

[Source: DOGE/USDT on TradingView]

[来源：TradingView 上的 DOGE/USDT]

The volume saw a slight uptick in the past week after Monday the 20th of May’s strong price performance. However, this volume increase was very little compared to the late February rally, or even the gains or late March. The OBV, alongside the price, formed a series of higher lows in May. However, due to the small trading volume this month compared to previous months, it was unable to break above the significant lower highs it formed in April.

继 5 月 20 日星期一强劲的价格表现之后，过去一周成交量略有上升。然而，与2月底的反弹相比，甚至与3月底的涨幅相比，这一成交量的增幅非常小。 OBV 与价格一起在 5 月份形成了一系列更高的低点。然而，由于本月交易量较前几个月较小，因此未能突破 4 月份形成的显着较低高点。

The RSI on the daily chart showed a reading of 58 and reflected strong momentum. The price was knocking at the doors of the 50% Fibonacci retracement level at $0.175 and should be able to climb above it soon. The liquidations were few

日线图上的 RSI 显示为 58，反映出强劲的势头。价格正在敲击 50% 斐波那契回撤位 0.175 美元的大门，并且应该很快就会突破该水平。清算数量很少

[Source: Coinalyze]

[来源：Coinalyze]

The Open Interest soared from $800 million to $931 million in the past 24 hours as DOGE gained close to 8.5% in value. This was evidence of strong bullish sentiment from speculators and suggested that they expected more gains. The liquidations were also minimal in the past 24 hours. The volatility on the 24th saw a large amount of long positions liquidated.

过去 24 小时内，未平仓合约从 8 亿美元飙升至 9.31 亿美元，DOGE 价值上涨近 8.5%。这证明了投机者的强烈看涨情绪，并表明他们预计会有更多收益。过去 24 小时内的清算也很少。 24日的波动导致多头头寸大量平仓。

Realistic or not, here’s DOGE’s market cap in BTC’s terms

不管现实与否，这是以 BTC 计算的 DOGE 市值

The relative lack of short liquidations as prices climbed higher indicated that market participants were not keen on going short. The spot CVD also slowly climbed higher over the past two days. If the metrics can maintain their trend, Dogecoin would likely reclaim the $0.175 level as support.

随着价格走高，空头清算相对较少，这表明市场参与者并不热衷于做空。过去两天现货CVD也缓慢攀升。如果这些指标能够维持其趋势，狗狗币可能会夺回 0.175 美元的支撑位。

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Next: TRUMP memecoin soars 20% as Donald Trump publicly embraces crypto

下一篇：唐纳德·特朗普公开拥抱加密货币，特朗普 memecoin 飙升 20%

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