Dogecoin (DOGE) price regained the $0.068 zone on Tuesday with a weekly increase of 20%. Experts discussed how the rising whale demand could impact the future price movement of the cryptocurrency.

狗狗币 (DOGE) 价格周二重回 0.068 美元区域，周涨幅达 20%。专家们讨论了鲸鱼需求的增长如何影响加密货币的未来价格走势。

DOGE Falls Behind its Competitors

DOGE 落后于竞争对手

After dropping to its lowest level of $0.057 on October 14, Dogecoin fell behind Solana before whale investors took action to prevent historical losses. Will the ongoing DOGE price recovery process take it to new dimensions?

在 10 月 14 日跌至 0.057 美元的最低水平后，在鲸鱼投资者采取行动阻止历史性损失之前，狗狗币的价格落后于 Solana。正在进行的 DOGE 价格恢复过程是否会将其推向新的高度？

Between October 14 and October 23, Dogecoin saw a 20% improvement in its price. On-chain data reveals that renewed whale interest in the largest meme coin by market cap is a significant factor.

10 月 14 日至 23 日期间，狗狗币的价格上涨了 20%。链上数据显示，鲸鱼对市值最大的模因币重新产生兴趣是一个重要因素。

Furthermore, while the DOGE price weakened at its lowest level, Dogecoin recorded a low whale transaction of 599 on October 15. However, since then, whales have been making purchases to prevent further losses.

此外，虽然DOGE价格在最低水平走弱，但狗狗币在10月15日创下了599笔鲸鱼交易的低位。不过，从那时起，鲸鱼们一直在进行购买，以防止进一步的损失。

On October 24, Dogecoin witnessed 1,420 whale transactions, the highest figure since July 25. The whale transaction metric can indicate the total number of daily transactions exceeding $100,000. The increase in whale transactions is considered a bullish signal due to various reasons.

10 月 24 日，狗狗币见证了 1,420 笔鲸鱼交易，这是自 7 月 25 日以来的最高数字。鲸鱼交易指标可以表明每日交易总数超过 100,000 美元。由于各种原因，鲸鱼交易的增加被认为是看涨信号。

Critical Indicator for DOGE

DOGE 的关键指标

Firstly, it indicates an increased interest in whale investors’ purchases, boosting individual investors’ confidence. Moreover, the liquidity provided by these large transactions can allow investors to carry out their transactions more efficiently and at favorable prices.

首先，这表明鲸鱼投资者的购买兴趣有所增加，提振了个人投资者的信心。而且，这些大额交易提供的流动性可以让投资者更高效、以更优惠的价格进行交易。

During this period, Dogecoin’s price rapidly recovered by 20%. However, it is still uncertain whether whales will solidify their positions or continue to push for further gains. Additionally, Dogecoin is currently trading at a 60-day price high, and a critical indicator on the chain may suggest that holders may still strive for more profits.

在此期间，狗狗币的价格迅速回升了20%。然而，鲸鱼是否会巩固其地位或继续推动进一步上涨仍不确定。此外，狗狗币目前交易价格处于 60 日高位，链上的一项关键指标可能表明持有者可能仍在争取更多利润。

As an indicator, the latest data obtained from the order books of 10 crypto exchanges, including Binance and Coinbase, can indicate that there is still high demand for DOGE in the market despite the current high prices. Investors have placed active orders to buy 782 million DOGE, while there are only active sell orders for 740 million DOGE.

作为指标，从币安和 Coinbase 等 10 家加密货币交易所的订单簿中获得的最新数据可以表明，尽管目前价格较高，但市场上对 DOGE 的需求仍然很高。投资者已下达买入7.82亿个DOGE的活跃订单，而仅有7.4亿个DOGE的活跃卖出订单。

继续阅读：https://en.coin-turk.com/dogecoin-price-rebounds-with-increased-whale-demand-whats-next/