• DOGE’s price declined but a rebound might take it toward $0.14.

DOGE 的价格下跌，但反弹可能会将其带至 0.14 美元。

• The Weighted Sentiment tapped a yearly high, indicating widespread bullish sentiment.

加权情绪触及年度高点，表明普遍看涨情绪。

Dogecoin [DOGE] and some other memecoins registered significant increases over the last few days. But out of this group, Dogecoin had one of the lowest hikes. However, AMBCrypto found that the other cryptocurrencies could not match Dogecoin’s social dominance.

狗狗币 [DOGE] 和其他一些模因币在过去几天中出现了显着增长。但在这一组中，狗狗币是涨幅最低的之一。然而，AMBCrypto 发现其他加密货币无法与狗狗币的社会主导地位相媲美。

Social dominance gauges the share of discussion around a project when compared with others in the top 100. Using Santiment’s on-chain data, we observed that the metric was at 2.32% for DOGE.

社会支配力衡量的是与前 100 名中的其他项目相比，围绕某个项目的讨论比例。使用 Santiment 的链上数据，我们观察到 DOGE 的该指标为 2.32%。

When we looked at Bonk [BONK], we noticed that it was way lower at $0.33%. Shiba Inu [SHIB], like BONK, couldn’t hit Dogecoin’s level of social attention either.

当我们查看 Bonk [BONK] 时，我们注意到它低得多，为 0.33%。柴犬 [SHIB] 和 BONK 一样，也无法达到狗狗币的社会关注度。

Source: Santiment

资料来源：Santiment

DOGE is set to be the leader

DOGE将成为领导者

One reason the coin was trending was because of its recent performance. In the last seven days, the value of DOGE has increased by 44.15%. This amazing performance sparked discussion centering around holding DOGE in this bull market.

该代币流行的原因之一是其最近的表现。最近7天，DOGE的价值上涨了44.15%。这一惊人的表现引发了围绕本次牛市中持有DOGE的讨论。

Furthermore, Dogecoin also recorded notable landmarks.

此外，狗狗币还记录了值得注意的里程碑。

For instance, its market cap hit $17.5 billion. Also, the Open Interest around the coin surpassed $1 billion. The surge in Open Interest implies that traders were actively opening positions to capitalize on the price movements.

例如，其市值达到 175 亿美元。此外，围绕该代币的未平仓合约超过 10 亿美元。未平仓量的激增意味着交易者正在积极建仓以利用价格变动。

However, DOGE’s price has decreased in the last 24 hours, indicating that the Open Interest might not be able to fuel a further hike.

然而，DOGE 的价格在过去 24 小时内下跌，表明未平仓量可能无法推动进一步上涨。

In a recent article, AMBCrypto explained how DOGE’s price increase was not because of increased demand. Instead, the coin followed the broader market jump led by Bitcoin [BTC].

在最近的一篇文章中，AMBCrypto 解释了 DOGE 的价格上涨并不是因为需求增加。相反，该代币跟随比特币[BTC]引领的更广泛的市场上涨。

However, the rise in social dominance implies that this position could change. if the dominance continues to spike, demand for DOGE might rise as market participants might turn their sentiment into action.

然而，社会主导地位的上升意味着这种地位可能会发生变化。如果主导地位继续飙升，对 DOGE 的需求可能会上升，因为市场参与者可能会将他们的情绪转化为行动。

Should this be the case, Dogecoins’ price could retest $0.13 or rise higher.

如果是这种情况，狗狗币的价格可能会重新测试 0.13 美元或上涨。

A rebound could be close

反弹可能已接近尾声

As per the technical outlook, the DOGE 4-hour chart showed that some holders seem to be taking profits. This was because the Accumulation/Distribution (A/D) line had fallen.

从技术前景来看，DOGE 4 小时图显示，一些持有者似乎正在获利了结。这是因为累积/派发（A/D）线下降了。

A decline like this implies that there has been more distribution than buying in the last 24 hours.

这样的下跌意味着过去 24 小时内的分配量多于购买量。

If the A/D continues to drop, DOGE’s price might follow. If the selling pressure forces DOGE to fall to $0.10, the Supertrend indicator showed that it could be time to buy again. A rebound from $0.10 could send the coin close to $0.14.

如果 A/D 继续下跌，DOGE 的价格可能会随之下跌。如果抛售压力迫使 DOGE 跌至 0.10 美元，超级趋势指标表明可能是再次买入的时候了。从 0.10 美元反弹可能会使代币接近 0.14 美元。

AMBCrypto checked Dogecoin’s volume. On the 29th of February, the volume hit almost 6 billion, indicating rising demand for DOGE. However, the volume had decreased at press time.

AMBCrypto 检查了狗狗币的交易量。 2 月 29 日，交易量接近 60 亿，表明 DOGE 的需求不断增加。然而，截至发稿时，成交量有所减少。

A decrease in volume and price action suggests that the declining trend might become weak, and the price might bounce.

成交量和价格走势的减少表明下降趋势可能会减弱，价格可能会反弹。

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

不管现实与否，这是 DOGE 以 SHIB 计算的市值

In addition, the Weighted Sentiment grew to 5.58— the highest level it has hit this year. This increase indicates that most of the discussion around Dogecoin was bullish.

此外，加权情绪指数升至5.58，为今年以来的最高水平。这种增长表明围绕狗狗币的大多数讨论都是看涨的。

If it stays that way, it’s only a matter of time before the coin moves northward. However, it is not certain if DOGE would outperform other memecoins going forward but there is a possibility

如果保持这种状态，硬币向北移动只是时间问题。然而，不确定 DOGE 未来是否会优于其他模因币，但有可能

Source: Santiment

资料来源：Santiment