Whale Activity and Dogecoin Price Fluctuations

鲸鱼活动和狗狗币价格波动

In the ongoing cryptocurrency market dynamics, Whale Alert, an on-chain transaction tracker, recently shared information on revealing a significant transaction involving Dogecoin (DOGE). A crypto whale deposited a substantial 228 million DOGE, valued at approximately $34 million, into Coinbase, the leading cryptocurrency exchange in the United States.

在持续不断的加密货币市场动态中，链上交易跟踪器 Whale Alert 最近分享了披露涉及狗狗币（DOGE）的重大交易的信息。一只加密鲸鱼将 2.28 亿枚 DOGE 存入美国领先的加密货币交易所 Coinbase，价值约 3400 万美元。

This whale activity is not an isolated incident. In recent times, crypto whales have been depositing large amounts of DOGE into Decentralized Exchanges (DEXs) in response to market events such as the release of the United States CPI data and geopolitical tensions. These deposits have contributed to an over 18% decline in the DOGE price.

这次鲸鱼活动并不是一个孤立的事件。近年来，为了应对美国CPI数据发布和地缘政治紧张局势等市场事件，加密鲸鱼将大量DOGE存入去中心化交易所（DEX）。这些存款导致 DOGE 价格下跌超过 18%。

The recent 228 million DOGE deposit on Coinbase resulted in a price drop of over 1%. Currently, DOGE is trading near $0.14, having experienced a 1.5% downside momentum in the last 24 hours. Over a longer period, DOGE has faced a 2% decline in the last 7 days and a significant 18% drop in the last 30 days.

最近 Coinbase 上存入的 2.28 亿 DOGE 导致价格下跌超过 1%。目前，DOGE 的交易价格接近 0.14 美元，在过去 24 小时内经历了 1.5% 的下跌势头。从较长时期来看，DOGE 在过去 7 天里面临着 2% 的下跌，在过去 30 天里则面临着 18% 的大幅下跌。

Dogecoin Technical Analysis and Key Levels

狗狗币技术分析和关键水平

Technical analysis indicates that DOGE is finding support from a trendline on a daily time frame, consolidating within a narrow range between $0.147 and $0.164. If a daily candle closes below $0.147, it could trigger a downward trend, potentially leading to a decline to the $0.128 level. Conversely, if the daily candle closes above $0.164, it could indicate a bullish momentum, potentially leading to an upward move towards the $0.203 level. (Source: TradingView)

技术分析表明，DOGE 正在从每日时间框架的趋势线中寻找支撑，在 0.147 美元至 0.164 美元之间的窄幅区间内盘整。如果每日蜡烛收盘价低于 0.147 美元，则可能引发下跌趋势，可能导致跌至 0.128 美元水平。相反，如果每日蜡烛收盘价高于 0.164 美元，则可能表明看涨势头，可能导致价格上涨至 0.203 美元水平。 （来源：TradingView）

It is worth noting that the 24-hour trading volume has decreased by 30% to below $1 billion, suggesting a lack of interest from both investors and retailers in DOGE.

值得注意的是，24小时交易量下降了30%至不足10亿美元，表明投资者和零售商都对DOGE缺乏兴趣。

Overall Market Sentiment

整体市场情绪

Concurrently, the broader cryptocurrency market is also facing challenges. Major cryptocurrencies such as Bitcoin, Ethereum, Solana, XRP, and Binance Coin have experienced a similar downside momentum of approximately 1%.

与此同时，更广泛的加密货币市场也面临着挑战。比特币、以太坊、Solana、XRP 和币安币等主要加密货币也经历了大约 1% 的类似下行势头。