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Dogecoin (DOGE) saw its price increase by more than 10% a few days ago. However, the trend did not last long as the meme token soon witnessed a price correction, negating its weekly gains. Additionally, one of the blockchain’s fundamental metrics rose sharply.
狗狗币(DOGE)的价格几天前上涨了 10% 以上。然而,这种趋势并没有持续多久,因为 meme 代币很快出现了价格调整,抵消了其每周的涨幅。此外,区块链的一项基本指标大幅上升。
The Elon Musk Effect on Dogecoin
埃隆·马斯克对狗狗币的影响
Recently, Elon Musk opened an official Payments account, which created excitement in the community and led to an increase in DOGE’s price. However, experts had previously suggested that the excitement surrounding Payments might not be enough to sustain Dogecoin’s price rise. As the meme token’s price fell, this situation seemed to strengthen.
最近,埃隆·马斯克开设了官方支付账户,这在社区中引起了轰动,并导致 DOGE 的价格上涨。然而,专家此前曾表示,围绕支付的兴奋可能不足以维持狗狗币的价格上涨。随着 meme 代币的价格下跌,这种情况似乎更加严重。
According to data from 21milyon.com, DOGE has experienced a decline of about 4% in just the last 24 hours. Although the meme token’s price movement shows a downward trend, one of its fundamental metrics has remained high for several months. IntoTheBlock recently shared a tweet highlighting how Dogecoin’s transaction count has remained high compared to other leading cryptocurrencies like Shiba Inu (SHIB). Analysts’ studies on Dogecoin’s metrics revealed that the high transaction count might not be enough to compensate for the meme token’s losses. DOGE’s social volume remained high last week thanks to high price volatility.
根据21milyon.com的数据,DOGE在短短24小时内下跌了约4%。尽管 meme 代币的价格走势呈现下降趋势,但其基本指标之一已连续几个月保持在高位。 IntoTheBlock 最近分享了一条推文,强调与 Shiba Inu (SHIB) 等其他领先加密货币相比,狗狗币的交易数量仍然很高。分析师对狗狗币指标的研究表明,高交易数量可能不足以弥补模因代币的损失。由于价格波动较大,上周 DOGE 的社交量仍然很高。
DOGE Price Analysis
DOGE价格分析
However, since January 22, the downward trend has begun to increase, as clearly indicated by the decline in weighted sentiment. Dogecoin’s liquidation heat map also revealed some interesting points. It is indicated that there is a critical support level around $0.079 for the meme token. This suggests that the DOGE price could drop to this level before rising.
然而,自1月22日以来,下降趋势开始加剧,加权情绪的下降清楚地表明了这一点。狗狗币的清算热图也揭示了一些有趣的点。据表明,meme 代币的关键支撑位约为 0.079 美元。这表明 DOGE 价格可能会在上涨之前先跌至该水平。
If the cryptocurrency’s price does not test the mentioned support region, investors may witness further declines. On the other hand, considering a more optimistic scenario, if DOGE’s price rises, it could encounter strong resistance near $0.09. Additionally, the Bollinger Bands have pointed out that the DOGE price is in a less volatile region. This could signal that the meme token’s price might reach the support level and initiate another rise from this area.
如果加密货币的价格没有测试上述支撑区域,投资者可能会看到进一步下跌。另一方面,考虑到更乐观的情况,如果DOGE的价格上涨,它可能会在0.09美元附近遇到强劲阻力。此外,布林线指出 DOGE 价格处于波动较小的区域。这可能表明 meme 代币的价格可能达到支撑位,并从该区域开始再次上涨。
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