You can also read this news on COINTURK NEWS: Exploring Dogecoin’s Potential for a Price Rally
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Following the selling pressure in the cryptocurrency market, Bitcoin continues to lead the healing process. According to blockchain data, Dogecoin‘s price indicates a potential rise, and the chances of starting an upward trend are significantly high. Billions of dollars worth of DOGE are on the verge of profit-making, and initially, investors’ behaviors will largely affect the DOGE price.
在加密货币市场面临抛售压力之后,比特币继续引领愈合过程。根据区块链数据,狗狗币的价格显示出潜在的上涨趋势,并且开始上涨趋势的可能性非常高。价值数十亿美元的DOGE正处于盈利边缘,最初投资者的行为将在很大程度上影响DOGE的价格。
What’s Happening on the DOGE Front?
DOGE 战线上发生了什么?
At the time of writing, Dogecoin is trading at $0.159, observing significant growth supported by its investors. The main motivation behind this is the 9.91 billion DOGE tokens held by DOGE owners. With a value exceeding $1.56 billion, these token supplies were purchased between $0.151 and $0.168. Currently, the DOGE price is just 6% below the upper limit of this range, which could mean profitability if it surpasses this level. For now, this situation will likely push investors towards a rise and keep them from selling.
截至撰写本文时,狗狗币的交易价格为 0.159 美元,在投资者的支持下出现了显着增长。这背后的主要动机是DOGE持有者持有的99.1亿DOGE代币。这些代币供应的价值超过 15.6 亿美元,购买价格在 0.151 至 0.168 美元之间。目前,DOGE 价格仅比该区间上限低 6%,如果超过该水平,则可能意味着盈利。目前,这种情况可能会推动投资者上涨并阻止他们抛售。
Supporting this idea further is Dogecoin’s Market Value to Realized Value (MVRV) ratio. MVRV is used to assess overall profits and losses encountered by investors. Considering that DOGE’s 30-day MVRV value has dropped by 14%, investors could face a monthly loss.
狗狗币的市场价值与实现价值(MVRV)比率进一步支持了这一想法。 MVRV 用于评估投资者遭遇的整体利润和损失。考虑到 DOGE 的 30 天 MVRV 值已下降 14%,投资者可能面临每月损失。
However, this could also be a signal for a rise, as values between -7% and -19% indicate restrictions against selling. DOGE owners will prefer to accumulate at such low prices for future profits. Consequently, Dogecoin’s price will increase, tagging this area as an opportunity zone. Thus, all signs point to the next potential price rise.
然而,这也可能是上涨的信号,因为 -7% 至 -19% 之间的值表明出售受到限制。 DOGE 持有者更愿意以如此低的价格积累以获得未来的利润。因此,狗狗币的价格将会上涨,将该区域标记为机会区。因此,所有迹象都表明下一次潜在的价格上涨。
Key Levels for DOGE
DOGE 的关键级别
Dogecoin is currently facing two major resistances at $0.168 and $0.182. The first resistance marks the upper limit of the mentioned supply, and surpassing this level could initiate a recovery rally for DOGE. Investors will continue until they see profits, which is the likely outcome. Turning $0.168 could trigger a rally, potentially sending the popular memecoin’s price to $0.182, which could provide additional gains.
狗狗币目前面临两个主要阻力位:0.168 美元和 0.182 美元。第一个阻力位标志着上述供应量的上限,超过该水平可能会引发 DOGE 的复苏反弹。投资者将继续投资,直到看到利润,这是可能的结果。转向 0.168 美元可能会引发反弹,有可能将流行的 memecoin 的价格推至 0.182 美元,这可能会带来额外的收益。
However, if the altcoin fails to surpass $0.168 and loses support at $0.151, the bullish thesis will be invalidated. $1.5 billion worth of DOGE tokens will lead to losses, leaving Dogecoin’s price more vulnerable to further corrections.
然而,如果山寨币未能突破 0.168 美元并失去 0.151 美元的支撑,则看涨论点将失效。价值 15 亿美元的 DOGE 代币将导致损失,使狗狗币的价格更容易受到进一步调整的影响。
The post first appeared on COINTURK NEWS: Exploring Dogecoin’s Potential for a Price Rally
该帖子首次出现在 COINTURK 新闻:探索狗狗币价格上涨的潜力