Dogecoin Whale Sells $30.86 Million Worth of DOGE

狗狗币鲸鱼出售价值 3086 万美元的 DOGE

Leading altcoin Dogecoin (DOGE) has experienced a remarkable price recovery, surging over 7% in the past 24 hours. However, this rally has been met with a significant sale by a major investor, or whale, who offloaded approximately 200 million DOGE, valued at $30.86 million. The transaction, which originated from an anonymous wallet and was directed to the popular trading platform Robinhood, has raised concerns about potential selling pressure that could impede Dogecoin's recent upward momentum.

领先的山寨币狗狗币 (DOGE) 经历了显着的价格复苏，在过去 24 小时内飙升了 7% 以上。然而，这次反弹遭到了主要投资者（即鲸鱼）的大量抛售，他们抛售了约 2 亿枚 DOGE，价值 3086 万美元。该交易源自匿名钱包，定向至热门交易平台 Robinhood，引发了人们对潜在抛售压力的担忧，可能会阻碍狗狗币近期的上涨势头。

Positive Data Flow for Dogecoin

狗狗币的积极数据流

Despite this substantial transfer, which has led to speculation that the crypto whale may be preparing to liquidate a significant portion of their holdings, buying pressure from other whale accumulations continues to bolster the DOGE price.

尽管这一重大转移导致人们猜测加密鲸鱼可能准备清算其持有的很大一部分，但来自其他鲸鱼积累的购买压力继续支撑着 DOGE 的价格。

Data from on-chain provider IntoTheBlock indicates a notable increase in large Dogecoin transactions over the past month, reaching a peak of 1.86 thousand transactions on May 14, 2024. This surge in network activity suggests heightened participation from whales and institutional investors. Additionally, the volume of these transactions spiked to 11.55 billion DOGE on the same day, signaling strategic positioning by major investors.

链上提供商 IntoTheBlock 的数据显示，过去一个月狗狗币大额交易量显着增加，于 2024 年 5 月 14 日达到 186 万笔交易的峰值。网络活动的激增表明鲸鱼和机构投资者的参与度有所提高。此外，当天交易量飙升至115.5亿DOGE，表明主要投资者的战略布局。

Currently, DOGE is trading above $0.15, having briefly touched $0.16. As of today, DOGE is valued at $0.1556, with a market capitalization of $22.46 billion and a 24-hour trading volume of $1.96 billion, representing an 18.33% increase. Furthermore, open interest in Dogecoin futures has risen by 11.83% to $884.94 billion, indicating growing interest among derivative investors. Notably, short sellers dominate liquidations, with $2.51 million in liquidations, suggesting a potential short squeeze that could significantly boost DOGE's price.

目前，DOGE 的交易价格高于 0.15 美元，曾短暂触及 0.16 美元。截至今日，DOGE估值为0.1556美元，市值224.6亿美元，24小时交易量19.6亿美元，涨幅18.33%。此外，狗狗币期货的未平仓合约增长了 11.83%，达到 8849.4 亿美元，表明衍生品投资者的兴趣不断增长。值得注意的是，卖空者在清算中占主导地位，清算额为 251 万美元，这表明潜在的空头挤压可能会显着推高 DOGE 的价格。

DOGE at a Critical Point According to Technical Analysis

根据技术分析，DOGE 正处于关键点

Technical indicators, however, suggest that Dogecoin's price dynamics are at a critical juncture. The 50-day Exponential Moving Average (EMA) around $0.1652 serves as a resistance level. A breakout above this level could signal a transition into a bullish market, potentially propelling DOGE's price towards the subsequent resistance levels at $0.18 and $0.20.

然而，技术指标表明狗狗币的价格动态正处于关键时刻。 0.1652 美元附近的 50 天指数移动平均线 (EMA) 是阻力位。突破该水平可能标志着进入牛市的过渡，可能推动 DOGE 的价格升至随后的阻力位 0.18 美元和 0.20 美元。

Conversely, in a bearish scenario, the 100-day EMA at $0.1434 emerges as a support level, providing a buffer against significant declines. Just below this level, the 200-day EMA at $0.1237 serves as a crucial long-term support, and in the event of a downturn, these two levels are anticipated to support the price and prevent a substantial decline.

相反，在看跌情况下，0.1434 美元的 100 日均线将成为支撑位，为大幅下跌提供缓冲。略低于该水平，200 日均线 0.1237 美元是关键的长期支撑，在经济低迷的情况下，这两个水平预计将支撑价格并防止大幅下跌。