Dogecoin Sees Spike in Selling Pressure Amidst Whale Activity

鲸鱼活动期间狗狗币抛售压力激增

Dogecoin's price has experienced a notable downward trend due to increased selling pressure from whale activity. The short-term moving average has fallen below the long-term average, indicating a bearish signal.

由于鲸鱼活动的抛售压力增加，狗狗币的价格经历了显着的下降趋势。短期均线已跌破长期均线，表明看跌信号。

On-Chain Metrics and Transaction Volumes

链上指标和交易量

On-chain metrics reveal a significant imbalance between bid and ask volumes, favoring sellers. The recent sell-off has also been accompanied by a surge in transaction volumes. Notably, Dogecoin's transaction volumes peaked on July 20, 2024, with over 1000 transactions within a seven-day period.

链上指标显示出价和要价之间存在显着不平衡，这对卖家有利。最近的抛售也伴随着交易量的激增。值得注意的是，狗狗币的交易量于 2024 年 7 月 20 日达到峰值，7 天内交易量超过 1000 笔。

Additionally, whales have been actively selling DOGE, with a significant 5.73 billion DOGE moved in the past 24 hours.

此外，鲸鱼一直在积极出售 DOGE，在过去 24 小时内卖出了 57.3 亿枚 DOGE。

Technical Indicators

技术指标

Despite the short-term bearish outlook, on-chain data suggests that Dogecoin may be approaching a reversal point. Historically, heavy selling pressure from whales has often signaled market bottoms and potential recoveries.

尽管短期前景看跌，但链上数据表明狗狗币可能正在接近反转点。从历史上看，来自鲸鱼的巨大抛售压力往往预示着市场触底和潜在复苏。

The relative strength index (RSI) is hovering around 50, indicating that Dogecoin is neither overbought nor oversold. This could signal a potential trend reversal if buyers step in.

相对强弱指数（RSI）徘徊在50左右，表明狗狗币既没有超买也没有超卖。如果买家介入，这可能预示着潜在的趋势逆转。

Moving averages also present a mixed signal. Dogecoin's ability to remain above support levels like the 100 EMA and its recent resilience above $0.125 indicate underlying strength despite the bearish death cross.

移动平均线也呈现出混合信号。狗狗币能够保持在 100 EMA 等支撑位上方，并且近期在 0.125 美元上方的反弹表明，尽管存在看跌死亡交叉，但狗狗币仍具有潜在的强势。

Community Influence

社区影响力

Dogecoin's vibrant community often defies conventional technical analysis, leading to unexpected rallies. Therefore, market sentiment for Dogecoin may diverge from broader technical indicators.

狗狗币充满活力的社区经常违背传统的技术分析，导致意想不到的反弹。因此，狗狗币的市场情绪可能与更广泛的技术指标有所不同。