Dogecoin (DOGE) price is consolidating just below the $0.08 territory, down 1.7% in the first week of February 2024, but bullish whales buying the dip could trigger a positive breakout. 

狗狗币 (DOGE) 价格在 0.08 美元下方盘整，2024 年 2 月第一周下跌 1.7%，但看涨鲸鱼逢低买入可能引发积极突破。

The memecoin sector has made a tepid start to February 2024 after the likes of Shiba Inu down 4%, BONK in the red 9% and PEPE down 5%, all of which have booked sizeable losses between Jan. 31 and Feb. 7. 

到 2024 年 2 月，Memecoin 行业开局不温不火，Shiba Inu 等公司下跌 4%，BONK 亏损 9%，PEPE 下跌 5%，所有这些公司在 1 月 31 日至 2 月 7 日期间都出现了巨额亏损。

Can DOGE break the negative market trends and enter a recovery phase? 

DOGE能否打破市场的负面趋势并进入复苏阶段？

Dogecoin whales have spent $27 million buying the dip 

狗狗币鲸鱼已花费 2700 万美元逢低买入

Compared to its rival mega cap meme coins, Dogecoin price has put up a relatively resilient showing with less than 2% downtrend in the first week of February. 

与竞争对手的巨型模因币相比，狗狗币的价格表现出相对弹性的表现，2 月第一周的下跌幅度不到 2%。

Recent on-chain data trends suggest that strategic whale investors rapidly buying the dip could be behind DOGE’s steady price action in the last two weeks. 

最近的链上数据趋势表明，战略性鲸鱼投资者在逢低买入可能是过去两周 DOGE 价格稳定走势的原因。

Santiment’s supply by addresses metric monitors whale investors trading activity by monitoring real-time changes in large holder wallets. The chart below illustrates that whale wallets with balances between 10 million to 1 billion DOGE held a total of 44.75 billion DOGE coins in their wallets as of Jan 23. 

Santiment 的地址供应量指标通过监控大户钱包的实时变化来监控鲸鱼投资者的交易活动。下图显示，截至 1 月 23 日，余额在 1000 万至 10 亿 DOGE 之间的鲸鱼钱包中总共持有 447.5 亿 DOGE 币。

But at the time of writing on Feb. 7, they have increased their cumulative balances to 45.09 billion.   

但截至2月7日撰写本文时，他们的累计余额已增至450.9亿美元。

Dogecoin (DOGE) price continues to defend the $0.08 territory since dipping 6% during the crypto market downturn on Jan 23. On-chain data shows that whale investors have capitalized on the price pull-back to acquire millions of dollars worth of DOGE at a discount. 

狗狗币 (DOGE) 价格自 1 月 23 日加密货币市场低迷期间下跌 6% 以来，继续守住 0.08 美元的区间。链上数据显示，鲸鱼投资者已利用价格回调以高价收购了价值数百万美元的 DOGE。折扣。

Do the Dogecoin bulls have enough in the tank to stage a decisive attempt to reclaim the $0.1 area this week? 

狗狗币多头是否有足够的能量来在本周果断尝试收复 0.1 美元区域？

Dogecoin whales enter 260 million buying spree 

狗狗币鲸鱼进入 2.6 亿美元的购买热潮

The crypto market suffered a significant downturn on Jan. 23 amid billion-dollar sell-off from Grayscale ETF investors.

1 月 23 日，由于灰度 ETF 投资者抛售数十亿美元，加密货币市场大幅下滑。

Interestingly, while other mega cap meme coins like Shiba Inu and PEPE and BONK all suffered double-digit retractment, DOGE price maintained a relatively more resilient performance with only a 6% deficit. 

有趣的是，虽然 Shiba Inu、PEPE 和 BONK 等其他大型 Meme 代币都遭受了两位数的回撤，但 DOGE 的价格保持了相对更具弹性的表现，仅下跌了 6%。

Dogecoin on-chain data trail shows that a group of strategic whale investors rapidly buying the dip could be behind DOGE’s steady price action in the last two weeks. 

狗狗币链上数据追踪显示，一群战略鲸鱼投资者在逢低买入可能是狗狗币过去两周稳定价格走势的幕后黑手。

The Santiment chart below depicts real-time changes in the balance of whale wallets holding at least 10 million DOGE (~$800,000). 

下面的 Santiment 图表描述了持有至少 1000 万 DOGE（约 80 万美元）的鲸鱼钱包余额的实时变化。

The blue trend line shows that the whale wallets held a cumulative balance of 44.75 billion DOGE as of Jan. 23. But as the market downturn set-in, rather than join the sell-off they instead entered a buying spree. 

蓝色趋势线显示，截至 1 月 23 日，鲸鱼钱包持有的 DOGE 累计余额为 447.5 亿枚。但随着市场低迷的到来，他们并没有加入抛售，而是开始疯狂买入。

The Dogecoin whales have now increased their balances to 45 billion DOGE at the time of writing on Feb. 7. 

截至 2 月 7 日撰写本文时，狗狗币鲸鱼的余额现已增加至 450 亿 DOGE。

Effectively, they have capitalized on the memecoin market pullback to acquire 340 million DOGE Jan. 23 and Feb. 7. Valued at the current Dogecoin price of $0.079, the newly acquired coins are worth approximately $26.7 million. 

实际上，他们利用 memecoin 市场回调的机会，在 1 月 23 日和 2 月 7 日收购了 3.4 亿枚 DOGE。以当前狗狗币价格 0.079 美元计算，新收购的代币价值约为 2670 万美元。

The whales buying pressure over the past two weeks partly explains why DOGE price has consolidated around the $0.08 area while rival memecoins SHIB, BONK and PEPE tanked. 

过去两周鲸鱼的购买压力部分解释了为什么 DOGE 价格在 0.08 美元附近盘整，而竞争对手 memecoin SHIB、BONK 和 PEPE 却下跌。

Notably, a closer look at the chart shows that previous DOGE price rallies have often been preceded by a significant buying wave from this specific whale cohort.

值得注意的是，仔细观察图表就会发现，之前的 DOGE 价格上涨之前往往会出现来自该特定鲸鱼群体的大量购买浪潮。

Hence, DOGE holders can anticipate another uptrend toward the $0.1 area in the days ahead if this historical pattern repeats. 

因此，如果这种历史模式重演，DOGE 持有者可以预计未来几天将出现另一个向 0.1 美元区域上涨的趋势。

Speculative traders have also started leaning bullish 

投机交易者也开始倾向于看涨

After a week of consolidation within the narrow $0.082 – $0.78 range Dogecoin speculative trends are now placing bigger bets on an imminent price breakout. 

经过一周在 0.082 美元至 0.78 美元的狭窄区间内盘整后，狗狗币投机趋势现在对即将到来的价格突破下了更大的赌注。

Santiment’s funding rate trend tracks changes in fees paid by speculative traders to maintain their positions in the derivatives market. The chart below shows that the DOGE funding rate has been on the rise this week increasing from 0.01% on Feb. 3 to 0.08% on Feb 7.

Santiment 的融资利率趋势跟踪投机交易者为维持其在衍生品市场中的头寸而支付的费用的变化。下图显示，DOGE资金费率本周一直在上升，从2月3日的0.01%上升至2月7日的0.08%。

Positive funding rates means that long position holders are paying higher fees to short traders in expectation of booking higher profits when prices move up. 

正的资金利率意味着多头头寸持有者向空头交易者支付更高的费用，以期在价格上涨时获得更高的利润。

Hence, the rising DOGE Funding Rates this week suggest that, like whale investors,  speculative traders are also leaning increasingly bullish this week.

因此，本周 DOGE 融资利率的上升表明，与鲸鱼投资者一样，投机交易者本周也越来越看涨。

Dogecoin price forecast: $0.085 is the major resistance to beat

狗狗币价格预测：0.085 美元是需要克服的主要阻力

Drawing inferences from the market trends analyzed above, the whales buying trend and rising Funding rates signal conviction of an imminent rebound phase in both the Dogecoin spot and derivative markets.

根据上述市场趋势分析，鲸鱼购买趋势和融资利率上升表明狗狗币现货和衍生品市场即将迎来反弹阶段。

These key factors could put Dogecoin price on the front foot, possibly retesting the $0.01 area in the days ahead. However, the bulls could face major resistance around $0.085 as depicted below by the upper-Bollinger band technical indicator. 

这些关键因素可能会让狗狗币价格处于领先地位，并可能在未来几天重新测试 0.01 美元区域。然而，多头可能面临 0.085 美元附近的主要阻力，如下图布林线上部技术指标所示。

However, a decisive breakout above that area, could open the doors to a bullish rally toward $0.10 as predicted. 

然而，如果果断突破该区域，可能会如预期的那样为牛市反弹​​至 0.10 美元打开大门。

On the flip side, there’s a chance the bears could negate this narrative if the DOGE price tumbles below $0.07 for the first time in 2024. However, as depicted by the lower Bollinger band, the buy-wall at $0.075 could offer significant support. 

另一方面，如果 DOGE 价格在 2024 年首次跌破 0.07 美元，空头可能会否定这一说法。然而，正如布林线下轨所示，0.075 美元的买入墙可能会提供重要支撑。

Read more: Shiba Inu and Dogecoin retrace as Meme Moguls surges in presale

阅读更多：随着 Meme Moguls 预售激增，柴犬和狗狗币回撤