The post Dogecoin’s Flat NVT Ratio Hints At Undervaluation Amid Price Surge! What’s Next For DOGE Price? appeared first on Coinpedia Fintech News

狗狗币的 NVT 比率持平，暗示价格飙升期间估值被低估！ DOGE 价格的下一步是什么？首先出现在 Coinpedia 金融科技新闻上

The meme coin market is pumping hard, triggered by Bitcoin’s recent surge towards the $64K level. Particularly noteworthy is Dogecoin, which has surpassed its resistance channels and recently reached the highly anticipated milestone of $0.1. However, the latest on-chain analysis indicates that there may be more room for growth for the meme coin, as a crucial indicator points to undervaluation despite its skyrocketing rise.

由于比特币最近飙升至 6.4 万美元的水平，模因币市场正在蓬勃发展。特别值得注意的是狗狗币，它已经突破了阻力通道，最近达到了备受期待的 0.1 美元里程碑。然而，最新的链上分析表明，迷因币可能还有更大的增长空间，因为一个关键指标表明，尽管其飙升，但其估值仍被低估。

DOGE’s NVT Ratio Declines Amid Price Surge

DOGE 的 NVT 比率因价格飙升而下降

In the last 24 hours, the cryptocurrency market saw a notable rebound following a recent flash crash, resulting in the liquidation of almost $280 million in positions. This recovery in market prices was prompted by increased accumulation near support lines by holders. Particularly noteworthy is the liquidation of approximately $50 million in short positions within a 12-hour timeframe, alongside Dogecoin facing liquidations exceeding $3 million, with sellers accounting for around $2.2 million of this total.

在过去 24 小时内，加密货币市场在最近的闪崩后出现显着反弹，导致近 2.8 亿美元的头寸被清算。市场价格的回升是由持有者在支撑线附近增加积累推动的。特别值得注意的是，12 小时内大约有 5000 万美元的空头头寸被清算，而狗狗币面临着超过 300 万美元的清算，其中卖家约占 220 万美元。

Nevertheless, even though Dogecoin’s price is presently trending upwards, multiple on-chain indicators imply that this surge may not be sufficient, as DOGE price is poised to achieve additional gains. As per IntoTheBlock data, the NVT ratio has been decreasing and currently sits at 14.87.

然而，尽管狗狗币的价格目前呈上涨趋势，但多个链上指标表明，这种上涨可能还不够，因为狗狗币的价格有望实现额外的上涨。根据 IntoTheBlock 数据，NVT 比率一直在下降，目前为 14.87。

This indicates that despite the recent increase in network value, transaction volume has continued to rise alongside the increased network value. This shows investor confidence and a surge in activity surrounding DOGE price, hinting at potential for further gains in the days ahead.  Top of Form

这表明，尽管近期网络价值有所增加，但交易量却随着网络价值的增加而持续增长。这显示了投资者的信心和围绕 DOGE 价格的活动激增，暗示未来几天有进一步上涨的潜力。表格顶部

On the other hand, Dogecoin shows a surge in the MVRV ratio (Market Value to Realized Value), which currently stands at 1.4. This indicates that Dogecoin’s market value is surpassing its realized value, representing the value at the last transaction. This came about as long-term holders are increasingly confident and reluctant to liquidate their positions at this time. While it boosts buying confidence, there is a possibility that STHs might initiate a correction.

另一方面，狗狗币的 MVRV 比率（市场价值与已实现价值）激增，目前为 1.4。这表明狗狗币的市场价值正在超过其实际价值，代表最后一笔交易的价值。这是因为长期持有者此时越来越有信心并且不愿意平仓。虽然它提振了购买信心，但 STH 可能会发起调整。

What’s Next For DOGE Price?

DOGE 价格的下一步是什么？

Efforts made by sellers to revert Dogecoin back into the symmetrical triangle pattern faced resistance from buyers, resulting in a rebound from the 20-day EMA trend line. Presently, Dogecoin is valued at $0.126, marking a decrease of over 0.82% from yesterday’s rate. 

卖家将狗狗币恢复到对称三角形形态的努力遭到买家的抵制，导致狗狗币从 20 日均线趋势线反弹。目前，狗狗币价格为 0.126 美元，较昨日下跌超过 0.82%。

The 20-day Exponential Moving Average (EMA) has surged to $0.115 and is currently following an upward trajectory, along with the overbought Relative Strength Index (RSI) level. This suggests a bullish dominance among DOGE traders.

20 天指数移动平均线 (EMA) 已飙升至 0.115 美元，目前正沿着超买的相对强弱指数 (RSI) 水平上升。这表明狗狗币交易者看涨占主导地位。

Should Dogecoin hold above the moving averages, it may break the immediate resistance at $0.135. However, there are concerns of pullbacks that might slow down the bullish momentum. If DOGE price fails to break the $0.135, we might see a surge in selling pressure and aim for a retest of $0.1.

如果狗狗币保持在移动平均线之上，它可能会突破 0.135 美元的直接阻力位。然而，人们担心回调可能会减缓看涨势头。如果 DOGE 价格未能突破 0.135 美元，我们可能会看到抛售压力激增，并目标是重新测试 0.1 美元。

Conversely, if buyers succeed in sending the price above $0.135, the next resistance for DOGE price will be around the $0.17 mark. 

相反，如果买家成功将价格推至 0.135 美元以上，那么 DOGE 价格的下一个阻力位将在 0.17 美元附近。