Dogecoin (DOGE) Price Fluctuations and Miner Activity

Dogecoin（Doge）价格波动和矿工活动

Recent developments in the cryptocurrency market show Dogecoin (DOGE) experiencing price volatility. However, over the past week, DOGE has shown signs of recovery from its recent low of $0.1465, attempting to break through new resistance levels.

加密货币市场的最新发展表明，Dogecoin（Doge）经历了价格波动。 但是，在过去的一周中，Doge从最近的0.1465美元的低落中显示出恢复的迹象，试图突破新的阻力水平。

Will Miner Sell-Offs Cause a Price Crash?

矿工抛售会导致价格崩溃吗？

DOGE's recovery could be hampered by recent miner activity. Over the past 48 hours, significant miner selling has raised concerns. On-chain analyst Ali Martinez highlighted that Dogecoin miners sold 65 million DOGE during this period. Miners receive DOGE as a reward for validating transactions and securing the network. This large-scale liquidation has sparked worry among some market participants.

最近的矿工活动可能会阻碍Doge的恢复。 在过去的48小时中，大量的矿工销售引起了人们的关注。链链分析师阿里·马丁内斯（Ali Martinez）强调，在此期间，狗狗币矿工出售了6500万辆。 矿工收到门槛是验证交易和确保网络的奖励。这种大规模清算引发了一些市场参与者的担忧。

Image Source: Ali Charts on X

图像来源：X上的Ali图表

The substantial sell-off could increase the circulating supply of DOGE on exchanges, potentially leading to downward price pressure if demand doesn't increase proportionally. Furthermore, negative market sentiment could amplify this effect, with some interpreting the miner actions as a bearish signal. Analysts suggest that this significant sell-off could cause short-term price fluctuations, depending on market conditions and the ability of the market to absorb the increased supply. Conversely, a strong absorption of the sold DOGE could be viewed as a bullish indicator.

大量的抛售可能会增加交易所循环的门槛供应，如果需求不成比例增加，则可能导致价格压力下降。 此外，负面的市场情绪可以扩大这种影响，其中一些将矿工的行动解释为看跌信号。 分析师认为，这种重大抛售可能会导致短期价格波动，具体取决于市场状况以及市场吸收增加供应的能力。 相反，可以将出售的Doge的强烈吸收视为看涨指标。

Investor Confidence in Dogecoin

投资者对Dogecoin的信心

Despite miner activity, DOGE's Open Interest shows investors are betting on a price increase. Over the past 24 hours, Open Interest rose by 3%, with Dogecoin futures traders committing 8.43 billion DOGE (approximately $1.49 billion). This indicates renewed interest, particularly on major exchanges like Gate.io, Binance, Bybit, and OKX, suggesting traders anticipate a potential price breakout. Gate.io saw the highest commitment, with 29.86% of the total Open Interest.

尽管有矿工活动，但总督的开放兴趣表明投资者正在押注价格上涨。 在过去的24小时内，开放兴趣增长了3％，Dogecoin期货交易者承诺了84.3亿辆Doge（约合14.9亿美元）。 这表明了新的兴趣，尤其是在Gate.io，Binance，Bybit和Okx等主要交易所中，建议交易者预计会出现潜在的价格突破。 Gate.io的承诺最高，其中29.86％的开放利息。

Market observers see this high level of trader interest as a sign of optimism despite recent price fluctuations.

市场观察家将这种高水平的交易者兴趣视为近期价格波动，这是乐观的迹象。

Dogecoin Price Outlook

Dogecoin价格前景

At the time of writing, DOGE was trading at $0.1772, a 2.67% increase in the last 24 hours, though trading volume decreased by 27.64% to $801.55 million. Analysts believe that increased trading volume could positively impact the price. Mid-term price predictions vary widely, with some analysts forecasting prices as high as $5. Ali Martinez, however, offers a more conservative prediction of $1.50 within the next 30 days and $3 in the long term.

在撰写本文时，Doge的交易价格为0.1772美元，在过去24小时内增长了2.67％，尽管交易量减少了27.64％，至80155万美元。 分析师认为，增加的交易量可能会对价格产生积极影响。 中期价格预测差异很大，一些分析师预测价格高达5美元。 但是，阿里·马丁内斯（Ali Martinez）在接下来的30天内提供了更保守的预测，长期为3美元。