Dogecoin May Rally as Selling Pressure Decreases

随着抛售压力下降，狗狗币可能会反弹

Several on-chain indicators suggest that Dogecoin (DOGE) may rally to $0.50.

多项链上指标表明狗狗币（DOGE）可能会上涨至 0.50 美元。

Dogecoin's Surge and Correction

狗狗币的飙升和修正

DOGE recently reached a three-year high of $0.44 after Elon Musk's confirmation of his role in the Department of Government Efficiency. However, traders began taking profits, leading to a 15% pullback.

在埃隆·马斯克(Elon Musk)确认其在政府效率部的职务后，DOGE 最近达到了三年来的最高点 0.44 美元。然而，交易员开始获利了结，导致价格回调 15%。

Reduced Selling Pressure

减少销售压力

On-chain data shows a significant reduction in selling pressure this week. The Age Consumed metric, which measures the movement of long-held tokens, has declined by 95%. This indicates that fewer long-term holders are selling, potentially setting the stage for a price increase.

链上数据显示本周抛压明显减轻。衡量长期持有代币变动的“消耗年龄”指标已下降 95%。这表明出售的长期持有者减少，可能为价格上涨奠定基础。

Technical Analysis

技术分析

The Volume-Weighted Average Price (VWAP) at $0.395 suggests bullish momentum. The current market price of $0.399 is above the VWAP, indicating increased short-term demand.

成交量加权平均价格 (VWAP) 为 0.395 美元，表明看涨势头。当前市场价格为 0.399 美元，高于 VWAP，表明短期需求增加。

The Donchian Channel indicator shows initial resistance at $0.44, which could lead to a continuation of the uptrend and a potential next milestone of $0.50. A breach below the midline of $0.29 could indicate a correction, but the bullish narrative remains intact.

唐奇安通道指标显示初始阻力位为 0.44 美元，这可能会导致上升趋势的延续，并可能达到 0.50 美元的下一个里程碑。跌破 0.29 美元的中线可能预示着回调，但看涨的叙述仍然完好无损。

Conclusion

结论

Reduced selling pressure and promising technical indicators support the potential for Dogecoin to rally to $0.50.

抛售压力的减轻和有希望的技术指标支持狗狗币反弹至 0.50 美元的潜力。