Dogecoin investors have recently seen the crypto stalling at the $0.2 mark as bullish sentiment amongst whales and other traders starts to falter. Interestingly, DOGE has yet to have a tangible breakout above the $0.2 mark since March 31. In fact, the crypto went on a decline in the first week of April to reach as low as $0.1719. 

最近，随着鲸鱼和其他交易者的看涨情绪开始动摇，狗狗币投资者发现加密货币在 0.2 美元大关停滞不前。有趣的是，自 3 月 31 日以来，DOGE 尚未实际突破 0.2 美元大关。事实上，该加密货币在 4 月第一周继续下跌，最低至 0.1719 美元。

Despite having reversed some of this decline at the time of writing, Dogecoin has yet to perform as many investors would expect. Furthermore, chart formation shows the cryptocurrency could be stuck in a bearish pattern and on-chain data indicates whales are selling their DOGE holdings. At the same time, short-term holders have seen their holdings increase, which makes them vulnerable to selloffs.

尽管在撰写本文时狗狗币已经扭转了部分跌势，但其表现尚未达到许多投资者的预期。此外，图表形成显示加密货币可能陷入看跌模式，链上数据表明鲸鱼正在出售其持有的 DOGE。与此同时，短期持有者的持仓量有所增加，这使得他们很容易遭受抛售。

Dogecoin Whales Are Selling

According to data from the on-chain analytics platform Santiment, the amount of Dogecoin in wallets holding between 10,000,000 and 100,000,000 DOGE has been in a freefall since the beginning of the month. The wallets have particularly decreased their holdings by 333 million DOGE in this timeframe. 

狗狗币鲸鱼正在出售 根据链上分析平台 Santiment 的数据，自本月初以来，持有 10,000,000 至 100,000,000 DOGE 的钱包中狗狗币的数量一直在直线下降。在此期间，钱包的持有量尤其减少了 3.33 亿个 DOGE。

Whales often drive price action and sentiment in the crypto market, as evidenced by an accompanying fall in the price of Dogecoin. For example, the drop in the total whale balance has corresponded with an 18% drop in DOGE’s price from $0.2262 on March 28 to $0.1854 in the past 24 hours. 

相关阅读：加密货币分析师确定 XRP 的“三驼峰”和“弹跳点”，目标是什么？鲸鱼通常会推动加密市场的价格走势和情绪，狗狗币价格随之下跌就证明了这一点。例如，鲸鱼总余额的下降对应着 DOGE 价格从 3 月 28 日的 0.2262 美元跌至过去 24 小时内的 0.1854 美元 18%。

Source: Santiment

Recent data from IntoTheBlock also shows a 6% increase in the holdings of short-term traders in the past 10 days. While this could signal a bullish trend among DOGE short-term holders, their trading nature spells a potential decline for the crypto. Unlike whales and long-term holders, short-term traders are known for holding their assets for only between one to three months, making their holdings vulnerable to selloffs any time soon which could lead to a drop in price.

资料来源：Santiment IntoTheBlock 的最新数据还显示，过去 10 天短线交易者的持仓量增加了 6%。虽然这可能预示着 DOGE 短期持有者的看涨趋势，但其交易性质意味着加密货币可能会下跌。与鲸鱼和长期持有者不同，短期交易者以仅持有一到三个月的资产而闻名，这使得他们持有的资产很容易很快遭到抛售，从而可能导致价格下跌。

What’s Next For DOGE?

At the time of writing, DOGE is trading at $0.1970, up by 4% in the past 24 hours. However, the bullish sentiment would need to flow to a majority of the whales for the crypto to keep up the bullish action. Increased selloff from large traders could change the sentiment of other investors, leading to a fall in the price of DOGE.  

DOGE 的下一步是什么？截至撰写本文时，DOGE 的交易价格为 0.1970 美元，在过去 24 小时内上涨了 4%。然而，看涨情绪需要流向大多数鲸鱼，加密货币才能保持看涨行动。大型交易商抛售的增加可能会改变其他投资者的情绪，导致 DOGE 价格下跌。

IntoTheBlock recently noted that Dogecoin is facing a big resistance at $0.20 on its way to breaking a new yearly high. Notably, over 32,000 addresses are holding 3.78 billion DOGE at a loss at this price level. This means a break over this level could see a large bunch selling their holdings, which in turn could derail a price increase.  

相关阅读：币安在最新的储备证明报告中披露了大量的柴犬持有量 IntoTheBlock 最近指出，狗狗币在突破年度新高的过程中面临着 0.20 美元的巨大阻力。值得注意的是，在这个价格水平上，超过 32,000 个地址持有 37.8 亿个 DOGE，处于亏损状态。这意味着突破这一水平可能会导致大批人抛售所持股份，进而可能破坏价格上涨。

DOGE price at $0.19 | Source: DOGEUSDT on Tradingview.com

DOGE 价格为 0.19 美元 |资料来源：Tradingview.com 上的 DOGEUSDT 精选图片来自 Shrimpy Academy，图表来自 Tradingview.com