Dogecoin Price Dips Amidst Bullish On-Chain Signals

狗狗币价格在看涨的链上信号中下跌

Dogecoin's (DOGE) price has experienced an 18% decline since reaching its recent peak on Saturday. However, on-chain data provided by Santiment reveals a positive trend for the meme currency.

狗狗币 (DOGE) 的价格自周六触及近期峰值以来已下跌 18%。然而，Santiment 提供的链上数据显示了 meme 货币的积极趋势。

High Network and Whale Activity

高网络和鲸鱼活动

Santiment has observed a seven-month high in network activity and a four-month high in whale transactions. This suggests a strong potential for further price appreciation. Despite the recent downturn, retail investors remain optimistic about DOGE, contributing to its price gains.

Santiment 观察到网络活动达到七个月以来的最高水平，鲸鱼交易量达到四个月以来的最高水平。这表明价格进一步升值的巨大潜力。尽管近期经济低迷，散户投资者仍对 DOGE 持乐观态度，推动其价格上涨。

Market Performance

市场表现

According to CoinMarketCap, Dogecoin has increased by 14.52% over the last 30 days and a modest 0.5% over the last week. However, in the past 24 hours, DOGE has dipped by 8.14%, currently trading at $0.1091. It ranks 8th in the market with a market capitalization of $15.9 billion.

根据 CoinMarketCap 的数据，狗狗币在过去 30 天内上涨了 14.52%，上周小幅上涨了 0.5%。然而，在过去24小时内，DOGE下跌了8.14%，目前交易价格为0.1091美元。以159亿美元的市值排名市场第8位。

Price Trajectory

价格轨迹

The Dogecoin price action has recently entered a lower zone, indicating a potential reversal. However, the bullish on-chain signals suggest that the market may regain its upward momentum soon.

狗狗币的价格走势最近进入了较低区域，表明可能出现逆转。然而，链上的看涨信号表明市场可能很快就会恢复上涨动力。