The post Dogecoin’s MVRV Ratio Plunges, Reducing Volatility Amid Selling Pressure! Here’s The Next Level For DOGE Price appeared first on Coinpedia Fintech News

狗狗币后 MVRV 比率暴跌，在抛售压力下减少波动！ DOGE 价格的新高度首次出现在 Coinpedia 金融科技新闻

In recent times, the crypto market has experienced a surge in activity, with Dogecoin supporters going through notably rough conditions. A significant downturn was triggered as Bitcoin retested the $50,000 level. This brought a bearish mood in DOGE price as holders continued to exit their positions. Amid this, numerous on-chain metrics have gone bearish, indicating an immediate downward trend for Dogecoin. Despite this short-term outlook, some analysts continue to hold a bullish position for its long-term potential.

最近一段时间，加密货币市场的活动激增，狗狗币的支持者处境尤其艰难。当比特币重新测试 50,000 美元水平时，引发了大幅下跌。这给 DOGE 价格带来了看跌情绪，持有者继续平仓。在这种情况下，许多链上指标都变得看跌，表明狗狗币立即呈下降趋势。尽管存在这样的短期前景，但一些分析师继续看好其长期潜力。

Dogecoin’s MVRV & Volatility Decline

狗狗币的 MVRV 和波动性下降

Over the last 24 hours, the crypto market experienced a notable rejection, resulting in the elimination of more than $122 million in positions. Triggered by a decline in market values of leading assets, which failed to break through crucial resistance levels, this led to the liquidation of approximately $83 million worth of long positions.

在过去 24 小时内，加密货币市场经历了明显的拒绝，导致超过 1.22 亿美元的头寸被消除。由于主要资产的市值下跌未能突破关键阻力位，导致价值约 8300 万美元的多头头寸被清算。

Dogecoin (DOGE), the leading meme-based cryptocurrency, was particularly hit hard, with investors liquidating around $500,000 in long positions due to significant selling pressure. Notably, data from IntoTheBlock reveals a drop in MVRV ratio (Market Value to Realized Value), currently at 1.05. 

狗狗币 (DOGE) 是领先的基于 meme 的加密货币，受到的打击尤其严重，由于巨大的抛售压力，投资者清算了约 50 万美元的多头头寸。值得注意的是，IntoTheBlock 的数据显示 MVRV 比率（市场价值与已实现价值）下降，目前为 1.05。

This suggests that the DOGE’s market value significantly neared its realized value, or the value at the last transaction. This was triggered after traders booked their profits by selling their holdings at peak values. As a result, this plunges the current buying confidence.

这表明 DOGE 的市场价值显着接近其实现价值或最后交易的价值。这是在交易员通过以峰值出售所持股份来获利后触发的。结果，这削弱了当前的购买信心。

Moreover, the volatility rate of DOGE has decreased from a peak of 63% to 29.7%, indicating a decline in trading activity. This reduction in trader interest could plunge the likelihood of a substantial recovery or a major price movement for Dogecoin.

此外，DOGE的波动率从峰值63%下降至29.7%，表明交易活动有所下降。交易者兴趣的下降可能会降低狗狗币大幅复苏或价格大幅波动的可能性。

However, as per Ali Charts, Dogecoin’s present chart formation mirrors the pattern observed just before its remarkable bull run in 2021. Should this pattern hold, Dogecoin may be preparing itself for a price goal of $10 in the upcoming bull market. 

然而，根据阿里图表，狗狗币目前的图表形态反映了 2021 年非凡牛市之前观察到的模式。如果这种模式持续下去，狗狗币可能正在为即将到来的牛市中 10 美元的价格目标做好准备。

What’s Next For DOGE Price?

DOGE 价格的下一步是什么？

Bearish traders have successfully plunged the DOGE price below crucial support lines after rejecting the peak of $0.09. As a result, DOGE’s price has fallen below the immediate Fibonacci support levels, weakening the chances for a bullish turnaround. At the moment, DOGE is trading at $0.0836, reflecting a decrease of more than 0.6% from the previous day.

在拒绝 0.09 美元的峰值后，看跌交易者已成功将 DOGE 价格跌破关键支撑线。结果，DOGE 的价格跌破了直接斐波那契支撑位，削弱了看涨反转的机会。目前DOGE交易价格为0.0836美元，较前一交易日下跌超过0.6%。

The 20-day Exponential Moving Average (EMA) is at $0.0845 and trending downwards, and the Relative Strength Index (RSI) has dipped below the midline to 43, showcasing a bearish dominance in the market.

20日指数移动平均线（EMA）位于0.0845美元并呈下降趋势，相对强弱指数（RSI）已跌破中线至43，显示市场处于看跌主导地位。

Continuation of this downward momentum below the moving averages could strengthen bearish sentiment and trigger selling pressure, even during market rebounds. A fall below the critical support level of $0.08 might initiate another wave of sell-offs.

即使在市场反弹期间，这种下行势头持续低于移动平均线也可能会加强看跌情绪并引发抛售压力。跌破 0.08 美元的关键支撑位可能会引发另一波抛售潮。

Conversely, should bullish traders successfully reverse the current bearish momentum and push the price above the EMA levels, it could pave the way for DOGE to target the crucial resistance zone at around $0.09. 

相反，如果看涨交易者成功扭转当前的看跌势头并将价格推高至 EMA 水平之上，则可能为 DOGE 瞄准 0.09 美元左右的关键阻力区铺平道路。