在顯示出向上勢頭的跡象之後

儘管Dogecoin努力恢復其看漲勢頭，但重要的指標強調了可能影響其近期軌蹟的關鍵價格水平。

Dogecoin (DOGE) has encountered a temporary setback after showing signs of a renewed upward momentum. The meme-inspired cryptocurrency recently faced bearish pressure, bringing its price below the crucial $0.20 level.

Dogecoin（Doge）在顯示出更新的勢頭的跡像後遇到了暫時的挫折。模因啟發的加密貨幣最近面臨看跌壓力，其價格低於至關重要的0.20美元。

However, despite this pullback, Dogecoin investors remain resilient, holding onto their assets and demonstrating strong confidence in the token’s potential. As the market at a critical juncture, key on-chain metrics are providing insights into DOGE’s next move.

然而，儘管有這種回調，Dogecoin投資者仍然保持韌性，保持其資產並表現出對代幣潛力的強烈信心。作為關鍵關鍵的市場，關鍵的鍊鍊指標正在為Doge的下一步行動提供見解。

Dogecoin Holders Stay Strong Despite Market Volatility

儘管市場動盪

While Dogecoin struggles to reclaim its bullish momentum, important indicators are highlighting key price levels that could shape its near-term trajectory. According to the world-renowned blockchain analytics firm Glassnode, an emerging trend in Dogecoin’s supply metrics is providing crucial insights into how the meme coin is currently faring under market pressure.

儘管Dogecoin努力恢復其看漲勢頭，但重要的指標強調了可能影響其近期軌蹟的關鍵價格水平。根據世界知名的區塊鏈分析公司GlassNode的說法，Dogecoin的供應指標的新興趨勢正在提供有關模因硬幣目前如何在市場壓力下如何發展的重要見解。

A recent analysis by Glassnode, leveraging the Dogecoin UTXO Realized Price Distribution (URPD) metric, has revealed that over 7% of DOGE’s supply is clustered at the $0.20 level. This makes it the third-largest cluster of supply after the $0.17 and $0.07 price points.

GlassNode最近的一項分析，利用Dogecoin UTXO實現了價格分佈（URPD）度量，該指標表明，多奇的供應量的7％以上的供應水平超過0.20美元。這使其成為僅次於0.17美元和0.07美元的價格點的第三大供應集。

This concentration suggests that a significant number of investors have acquired DOGE at or near this level, highlighting its importance as a potential resistance point.

這種集中度表明，大量投資者在此級別上或附近獲得了Doge，這強調了其重要性是潛在的抵抗點。

Glassnode’s data indicates that a substantial inflow of capital was observed at the $0.20 price level on January 22. However, it is believed that investors likely purchased DOGE at an earlier date, which subsequently increased their cost basis. This price mark is now expected to serve as a short-term resistance level, meaning DOGE could face difficulty surpassing it in the immediate future.

GlassNode的數據表明，在1月22日的0.20美元價格水平上觀察到大量資本流入。但是，人們認為投資者可能在較早的日期購買了Doge，隨後增加了成本基礎。現在，預計這個價格標記將成為短期抵抗水平，這意味著Doge可能會在不久的將來遇到困難。

Key Price Levels and Potential Breakout Signals

關鍵價格水平和潛在的突破信號

Given the current market dynamics, if DOGE successfully breaks above the $0.20 resistance level, there could be a significant price increase, as there are relatively few supply clusters until the next key level at $0.31. The lack of major resistance between these levels suggests the potential for a sharp upward movement once Dogecoin builds enough buying pressure.

鑑於當前的市場動態，如果Doge成功地超過了0.20美元的電阻水平，則價格可能會大幅提高，因為供應簇相對較少，直到下一個關鍵水平為0.31美元。這些水平之間缺乏重大阻力表明，一旦Dogecoin產生了足夠的購買壓力，可能會出現急劇向上的運動。

Glassnode’s analysis further suggests that a breakout may be imminent if trading volume increases, reducing the current downward pressure. If this happens, DOGE could experience a rapid price rally due to the absence of major resistance levels between its current price and the next URPD cluster at $0.31.

GlassNode的分析進一步表明，如果交易量增加，可能會突破，從而降低了當前的向下壓力。如果發生這種情況，Doge由於目前的價格和下一個URPD集群之間的主要阻力水平為0.31美元，可能會經歷迅速的價格集會。

Long-Term Holders Indicate Strong Market Confidence

長期持有人表示強大的市場信心

Another key metric, the Dogecoin HODL Waves, has provided deeper insights into investor sentiment. According to Glassnode, approximately 15% of DOGE’s total supply was last moved between 6 to 12 months ago. This pattern reveals that a significant number of investors purchased DOGE before the November-December 2023 rally and have opted to hold onto their investments instead of selling during the recent price fluctuations.

另一個關鍵指標，Dogecoin Hodl Waves，為投資者情緒提供了更深入的見解。根據GlassNode的說法，Doge總供應量的大約15％在6到12個月前移動。這種模式表明，大量投資者在2023年11月至123日的集會之前購買了門檻，並選擇保留其投資，而不是在最近的價格波動中出售。

The increase in the 3-6M HODL Waves metric since early March further highlights that many investors have accumulated DOGE, particularly during its bounce from $0.32 to $0.41 in January 2024. These investors are now waiting for prices to recover, and some might sell at their break-even points, potentially introducing resistance ahead.

自3月初以來，HODL波浪指標的增長進一步凸顯了許多投資者累積了Doge，尤其是在2024年1月的彈跳期間從0.32美元到0.41美元。這些投資者現在正在等待價格恢復，有些投資者可能會以十個收支平衡的價格出售，並有可能引入抵抗力。

DOGE Futures and Open Interest Trends

Do Go Gutures和開放興趣趨勢

Another crucial aspect of Dogecoin’s market outlook is its futures trading activity. Glassnode’s report highlights that DOGE’s Futures Open Interest (OI) has experienced a decline, currently standing at around $1 billion. This is significantly lower than the average open interest of over $3 billion recorded in November and December 2023.

Dogecoin市場前景的另一個關鍵方面是其期貨交易活動。 Glassnode的報告強調，Doge的未來開放興趣（OI）的情況下降了，目前約有10億美元。這大大低於2023年11月和12月的平均公開利息超過30億美元。

Despite the decline in open interest, DOGE’s futures volume, measured by the 7-day Simple Moving Average (SMA), is showing signs of recovery. This increase is primarily driven by spot trading rather than excessive leveraged positions. Moreover, DOGE’s funding rates have dropped close to neutral levels over the past two days, reinforcing the notion that the ongoing rally is primarily driven by organic market demand rather than speculative trading.

儘管開放興趣下降，但以7天簡單移動平均線（SMA）衡量的Doge的期貨量正在顯示恢復跡象。這種增長主要是由現貨交易而不是過度槓杆位置驅動的。此外，在過去的兩天中，Doge的資金率已經接近中立水平，這加強了這樣一個觀念，即持續的集會主要是由有機市場需求而不是投機性交易驅動的。

Technical Indicators Point to a Potential Recovery

技術指標指出潛在的恢復

Prominent crypto analyst Trader Tardigrade has identified an encouraging technical pattern for Dogecoin. According to their analysis, DOGE is in the process of breaking out from a three-month descending trendline. If this breakout is confirmed, it could signal a short-term rally for the cryptocurrency.

著名的加密分析師Trader Tardigrade確定了Dogecoin的令人鼓舞的技術模式。根據他們的分析，Doge正在從三個月下降趨勢線中脫穎而出。如果確認此突破，它可能會為加密貨幣標誌著短期集會。

Technical indicators further suggest that DOGE’s price action is forming a pattern that resembles past breakout movements, where a period of consolidation is followed by a significant upward surge. If Dogecoin manages to maintain its current support levels and establish higher lows, it could be poised for another upward run in the coming weeks.

技術指標進一步表明，Doge的價格動作形成了類似於過去的分支運動的模式，在此期間，合併時期之後是大量的上升。如果Dogecoin設法維持其當前的支持水平並確定更高的低點，則可以在未來幾週內再次向上運行。

What Lies Ahead for Dogecoin

Dogecoin的前方

Dogecoin’s price action remains at a pivotal point, with key on-chain metrics indicating strong support from long-term holders and a potential breakout in the near future. While the short-term resistance at $0.20 could pose a challenge

Dogecoin的價格行動仍然處於關鍵位置，關鍵的鏈度指標表明長期持有人得到了強有力的支持，並且在不久的將來會出現潛在的突破。雖然短期抵抗力為0.20美元可能會構成挑戰