Dogecoin（Doge）以0.20美元的價格遇到重大市場抵抗力，停止了其最近的恢復勢頭

由比特幣領導的加密貨幣市場面臨著衰退，影響了Dogecoin的價格軌跡。

Dogecoin (CRYPTO: DOGE) price has encountered strong market resistance at the $0.20 price level, halting its recent recovery momentum.

Dogecoin（Crypto：Doge）價格以0.20美元的價格水平遇到了強大的市場抵抗力，停止了其最近的恢復勢頭。

What Happened: Following a surge of over 18% since March 22, Dogecoin experienced a reversal as it struggled to sustain its bullish trajectory.

發生的事情是：自3月22日以來的增長超過18％之後，Dogecoin經歷了逆轉，因為它努力維持其看漲的軌跡。

Market analysts are attributing this price behavior to significant whale activity and increased selling pressure around the $0.20 resistance.

市場分析師將這種價格行為歸因於重大鯨魚活動，並增加了銷售壓力在0.20美元的阻力範圍內。

Bitcoin’s 3% downturn also triggered a similar reaction in Dogecoin, which had initially climbed above the $0.19 mark with a series of intraday gains.

比特幣的3％衰退也引發了類似的狗狗幣的反應，Dogecoin最初隨著一系列盤中增長而攀升到0.19美元以上。

However, the resistance at $0.20 proved too strong for Dogecoin to overcome, leading to a setback that saw DOGE slide back to $0.177.

但是，$ 0.20的阻力證明太強大了，無法克服狗狗幣，導致挫折使Doge滑到了0.177美元。

According to Glassnode’s on-chain analysis, Dogecoin has encountered major supply walls that are likely to hamper further gains. The presence of substantial ‘whale’ activity around this level has transformed $0.20 into a formidable resistance zone.

根據GlassNode的鏈分析，Dogecoin遇到了可能會妨礙進一步增長的主要供應牆。該水平周圍的實質性“鯨魚”活動的存在已將0.20美元轉化為強大的電阻區。

Despite multiple attempts by bulls to push Dogecoin above this threshold, sellers have consistently returned, placing downward pressure on the cryptocurrency’s price.

儘管公牛隊多次嘗試將狗狗幣超過這個閾值，但賣方始終返回，給加密貨幣的價格下降了壓力。

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相關鏈接：前5個加密貨幣搬運工：猿，ADA，在24小時內最大的獲利者中，LTC設定了最大的損失

Whale Activity And Market Sentiment: The accumulations and distribution patterns of large-volume "whale" traders have significantly influenced Dogecoin’s price behavior.

鯨魚活動和市場情緒：大批量“鯨魚”貿易商的積累和分配模式嚴重影響了Dogecoin的價格行為。

A substantial accumulation phase in January 2025 led to the formation of a dense supply cluster around the $0.20 level.

2025年1月，一個大量的積累階段導致形成了一個密集的供應群，左右在0.20美元之間。

Since then, these large holders have been engaged in distributing their coins at this price point, which contributes to increased selling pressure whenever DOGE attempts to approach this price range.

從那時起，這些大型持有人一直從事此價格分配硬幣，這在Doge試圖接近此價格範圍的情況下會增加銷售壓力。

Glassnode’s UTXO Realized Price Distribution (URPD) data highlights two primary "supply walls" for Dogecoin. The first cluster of coins is evident at the $0.20 level, where a large volume of coins was last sold or moved out of wallets.

GlassNode的UTXO實現了價格分佈（URPD）數據，重點介紹了Dogecoin的兩個主要“供應牆”。第一個硬幣群在0.20美元的水平上很明顯，最後出售或搬出錢包，大量硬幣。

This coincides with a period of known whale activity, and it showcases the efforts of these large investors to distribute their coins around this price point.

這與一段已知的鯨魚活動相吻合，它展示了這些大型投資者在這個價格點附近分發硬幣的努力。

Technical Analysis: Key Resistance And Support Levels: Market experts highlight the critical importance of breaking the $0.20 resistance level to unlock Dogecoin’s upward potential.

技術分析：關鍵阻力和支持水平：市場專家強調了打破0.20美元的阻力水平以解鎖Dogecoin的上升潛力的重要重要性。

If DOGE can convincingly clear this zone, analysts suggest that the price could rally further toward $0.31, where minimal supply resistance is anticipated.

如果Doge可以令人信服地清除該區域，則分析師認為，預計供應電阻最少的價格可能會進一步漲到0.31美元。

However, failure to overcome $0.20 might result in a continuation of bearish pressure, potentially driving the price back toward lower support levels below $0.19.

但是，未能克服0.20美元可能會導致看跌壓力的延續，有可能使價格恢復到低於0.19美元的較低支持水平。

The recent price rise has already led to a decline in large-volume holders at the $0.20 level, indicating that weaker barriers might exist at higher prices.

最近的價格上漲已經導致大容量持有人在0.20美元的水平下下降，這表明較高的價格可能以較高的價格存在。

Still, bulls will need to secure sustained buying pressure to push DOGE beyond this critical range.

儘管如此，公牛仍需要確保持續的購買壓力，以將門檻推到這一關鍵範圍之外。

Long-Term Holder Confidence And Stability: Despite the recent price fluctuations, Dogecoin appears to be holding above the $0.19 mark with support from long-term holders.

長期持有人的信心和穩定性：儘管最近價格波動，但在長期持有人的支持下，Dogecoin似乎在0.19美元的上方持有。

Data from Glassnode shows that approximately 15% of DOGE’s total supply has remained locked away for six months to a year, showcasing the confidence of these deep-pocket investors.

來自GlassNode的數據表明，Doge總供應量的大約15％仍被鎖定了六個月至一年，展示了這些深口袋投資者的信心。

A significant portion of Dogecoin’s supply comprises investors who entered the market during the fourth quarter of 2024, and they have managed to retain their coins throughout periods of market turbulence.

Dogecoin供應量的很大一部分包括在2024年第四季度進入市場的投資者，他們在市場動盪期內設法保留了硬幣。

Since early March 2025, the number of investors holding DOGE for three to six months has been steadily increasing, which further reinforces the stability of market participants at this stage of the cycle.

自2025年3月初以來，持有三到六個月的門檻的投資者人數一直在穩步增加，這進一步增強了周期階段的市場參與者的穩定性。

This resilience in the face of volatility suggests that Dogecoin could find strong support at its current levels as long-term holders remain committed to their investments.

面對波動性的這種韌性表明，隨著長期持有人仍然致力於投資，多黴素可以在目前的水平上找到強有力的支持。

Futures Market Trends And Trading Patterns: Another factor influencing Dogecoin’s price movements is the shift in market dynamics between spot and futures trading.

期貨市場趨勢和交易模式：影響Dogecoin價格變動的另一個因素是現貨和期貨交易之間市場動態的變化。

Futures Open Interest levels have dropped significantly from $3 billion in Q4 2024 to $1 billion in March 2025, indicating a reduction in speculative trading activity and high leverage.

期貨開放利息水平已從2024年第四季度的30億美元下降到2025年3月的10億美元，表明投機性交易活動和高槓桿率降低。

With traders adopting a more cautious approach, the stabilization of funding rates at neutral levels suggests a more sustainable trading pattern.

隨著貿易商採用更謹慎的方法，中立水平的融資率的穩定表明交易模式更為可持續。

This shift could lead to a less volatile and more predictable price trajectory for Dogecoin in the coming weeks and months.

這種轉變可能導致在接下來的幾周和幾個月內，Dogecoin的波動性較小，價格較高。

What To Expect Next: The next few trading sessions will be crucial in determining Dogecoin’s short-term trajectory.

接下來的期望：接下來的幾個交易課程對於確定狗狗的短期軌跡至關重要。

If DOGE can successfully break above the $0.20 resistance, we could see an accelerated push toward $0.31, fueled by decreased supply resistance at higher price tiers.

如果Doge能夠成功地超過0.20美元的電阻，我們可能會看到升至0.31美元的加速推動，這是由於較高的價格級別的供應阻力降低所推動。

However, if the resistance holds firm and sellers return, Dogecoin might retest lower support levels, potentially placing the price back in a downward move to continue testing the $0.175 to

但是，如果阻力保持穩定，賣家返回，Dogecoin可能會重新測試較低的支持水平，並有可能使價格下降，以繼續測試0.175美元