Dogecoin Price Analysis

狗狗币价格分析

On Wednesday, the cryptocurrency market experienced subdued volatility, with Bitcoin stabilizing above $65,000. However, the effects of the early week sell-off continue to impact altcoins, with meme cryptocurrencies taking the brunt of the decline.

周三，加密货币市场波动较小，比特币稳定在 65,000 美元以上。然而，本周初抛售的影响继续影响山寨币，模因加密货币首当其冲。

As a result, Dogecoin, the largest meme coin, has fallen to multi-month support, signaling a crucial juncture for either a significant recovery or an extended correction.

结果，最大的迷因币狗狗币已跌至数月支撑位，这标志着大幅复苏或长期调整的关键时刻。

Dogecoin Price Analysis: Trend and Support

狗狗币价格分析：趋势和支持

Dogecoin has exhibited a gradual yet steady downtrend over the past three months, confined within two descending trendlines. These trendlines represent major dynamic resistance and support, forming a bullish continuation pattern known as a "flag." Under the influence of this pattern, DOGE has declined from $0.228 to a 15-week low of $0.113, marking a loss of 50.4%.

狗狗币在过去三个月中表现出逐渐但稳定的下降趋势，仅限于两条下降趋势线。这些趋势线代表主要的动态阻力和支撑，形成称为“旗形”的看涨持续模式。受此形态影响，DOGE从0.228美元跌至15周低点0.113美元，跌幅达50.4%。

Currently, the price is stabilizing around $0.12, supported by technical levels such as the 50-week EMA, 61.8% Fibonacci, and the flag's support trendline. The renewed buying pressure at this confluence of support is evident from Tuesday's long-tailed rejection candle.

目前，价格稳定在 0.12 美元左右，受到 50 周均线、61.8% 斐波那契线和旗形支撑趋势线等技术水平的支撑。从周二的长尾拒绝蜡烛中可以明显看出，在支撑汇合处出现了新的买盘压力。

Whale Activity and Retail Investor Impact

鲸鱼活动和散户投资者的影响

According to data from IntoTheBlock, Dogecoin's largest holders (whales) have been reducing their holdings over the past year. Entities holding over 0.1% of the supply have seen their share decline from 45.3% to 41.3%.

根据IntoTheBlock的数据，狗狗币的最大持有者（鲸鱼）在过去一年中一直在减持。持有超过 0.1% 供应量的实体所占份额从 45.3% 下降至 41.3%。

In contrast, retail and mid-sized investors now hold a larger portion of the total supply.

相比之下，散户和中型投资者现在持有总供应量的较大部分。