DOGE's Price Plunges, but Metrics Hint at Potential Trend Reversal

DOGE 的价格暴跌，但指标暗示潜在的趋势逆转

DOGE's price has experienced a significant drop of over 5% in the past 24 hours. However, several metrics and technical indicators suggest that a trend reversal may be imminent.

DOGE的价格在过去24小时内大幅下跌超过5%。然而，一些指标和技术指标表明趋势逆转可能即将到来。

Dogecoin Whales Increase Activity

狗狗币鲸鱼增加活动

Coinpedia Market recently reported a surge in large DOGE transactions amidst speculations surrounding the Ethereum ETF. The total value of these transactions exceeded $100,000, increasing from $1.53 billion to $3.01 billion within the last day.

Coinpedia Market 最近报道称，在围绕以太坊 ETF 的猜测中，大宗 DOGE 交易激增。这些交易总价值超过10万美元，在最后一天内从15.3亿美元增加到30.1亿美元。

This surge indicates a substantial increase in the volume of DOGE being moved by whales, with the number of coins transferred rising from 9.74 billion to 17.97 billion.

这一激增表明鲸鱼转移的 DOGE 数量大幅增加，转移数量从 97.4 亿增加到 179.7 亿。

Network Activity Remains High

网络活动仍然很高

Network activity for DOGE has remained elevated in recent days. The memecoin's daily active addresses have been stable throughout the week, and its velocity has also increased, indicating that DOGE is being used more frequently in transactions.

最近几天 DOGE 的网络活动仍然很高。 memecoin 的每日活跃地址在一周内保持稳定，并且其流通速度也有所增加，表明 DOGE 在交易中的使用更加频繁。

Bears Gain Control

空头获得控制权

Despite the whales' increased activity, bears have taken control as DOGE's price has dropped. According to CoinMarketCap, DOGE is down by over 5% in the last 24 hours. At the time of writing, it is trading at $0.1578 with a market capitalization exceeding $22.7 billion.

尽管鲸鱼的活动有所增加，但随着 DOGE 价格的下跌，空头已经占据了主导地位。根据 CoinMarketCap 的数据，DOGE 在过去 24 小时内下跌了 5% 以上。截至撰写本文时，其交易价格为 0.1578 美元，市值超过 227 亿美元。

Bearish Indicators

看跌指标

The recent price decline has also impacted DOGE's social metrics. Its social volume has decreased, and its weighted sentiment has declined, indicating dominant bearish sentiment.

最近的价格下跌也影响了 DOGE 的社交指标。其社交量下降，权重情绪下降，表明看跌情绪占主导地位。

Additionally, the MVRV ratio has plummeted in recent days, another bearish indicator.

此外，MVRV 比率最近几天大幅下降，这是另一个看跌指标。

Potential Trend Reversal

潜在的趋势逆转

However, the bearish trend may not persist for long. DOGE's fear and greed index is currently at a value of 37, indicating that the market is in a "fear" phase. Historically, when this metric reaches this level, it signals a high probability of a trend reversal.

然而，看跌趋势可能不会持续太久。 DOGE的恐惧和贪婪指数目前值为37，表明市场处于“恐惧”阶段。从历史上看，当该指标达到这一水平时，就表明趋势逆转的可能性很高。

Technical Analysis

技术分析

An analysis of DOGE's daily chart shows that the Money Flow Index (MFI) has registered an uptick. The price is currently testing its support near its 20-day Simple Moving Average (SMA).

对 DOGE 日线图的分析显示，资金流量指数 (MFI) 有所上升。目前价格正在测试 20 日简单移动平均线 (SMA) 附近的支撑位。

If DOGE successfully rebounds from this support, investors may witness a price recovery. However, the Chaikin Money Flow (CMF) remains bearish, suggesting the possibility of continued price declines.

如果 DOGE 成功从该支撑位反弹，投资者可能会看到价格回升。然而，柴金资金流向（CMF）仍然看跌，表明价格可能持续下跌。