分析師指出鯨魚累積和散戶興趣不斷增長，狗狗幣（DOGE）進入看漲階段

儘管最近狗狗幣回檔並隨後盤整，但分析師仍然相信這種迷因幣已進入看漲階段。

Dogecoin has experienced a recent price pullback and subsequent consolidation. However, several analysts remain confident that the meme coin has entered a bullish phase.

狗狗幣最近經歷了價格回調和隨後的整合。然而，一些分析師仍然相信模因幣已進入看漲階段。

One analyst, Ali Martinez, has recently compiled his commentaries from posts made during and after Dogecoin’s November bull run to provide a broader perspective on its trajectory.

一位分析師 Ali Martinez 最近根據狗狗幣 11 月牛市期間和之後發表的帖子整理了他的評論，以提供對其軌蹟的更廣泛的視角。

According to Martinez, several factors indicate that Dogecoin has entered a parabolic run. Notably, the meme-inspired asset experienced a massive price surge following the U.S. presidential election earlier this month. From $0.1582 on Nov. 5, it climbed to a three-year high of $0.4385 by Nov.12, indicating a 177% increase within a week.

馬丁內斯表示，有幾個因素顯示狗狗幣已經進入拋物線運行狀態。值得注意的是，本月稍早美國總統大選後，這種受迷因啟發的資產經歷了大幅價格飆升。從11月5日的0.1582美元，到11月12日攀升至三年高點0.4385美元，一週內上漲177%。

Although DOGE faced a pullback after this peak, its momentum has remained robust. The crypto asset has held above the $0.38 price territory, and it appears to be preparing to utilize this region as a springboard for its next bullish leg.

儘管DOGE在這個高峰之後遭遇回調，但其勢頭仍然強勁。該加密資產已保持在 0.38 美元的價格區域之上，並且它似乎準備好利用該區域作為下一個看漲階段的跳板。

In a post on Nov. 15, Martinez highlighted massive whale activity as a driving factor. According to his analysis, whales purchased 140 million DOGE, valued at $56 million at the time. This large-scale accumulation suggested that major investors remain confident in Dogecoin’s long-term potential.

在 11 月 15 日的貼文中，馬丁內斯強調大規模鯨魚活動是一個驅動因素。根據他的分析，鯨魚購買了 1.4 億枚 DOGE，當時價值 5,600 萬美元。這種大規模的累積表明主要投資者對狗狗幣的長期潛力仍然充滿信心。

Moreover, growing retail interest is also contributing to the positive sentiment around Dogecoin. In a Nov. 17 post, Martinez observed that despite skepticism about market cap constraints and meme-driven hype, DOGE’s popularity still hasn’t reached its peak.

此外，散戶興趣的增長也促進了狗狗幣的正面情緒。馬丁內斯在 11 月 17 日的貼文中指出，儘管人們對市值限制和迷因驅動的炒作持懷疑態度，但 DOGE 的受歡迎程度仍未達到頂峰。

Interestingly, he pointed out that search interest for Dogecoin remains far below its all-time highs, leaving substantial room for growth. Meanwhile, in a community poll conducted on Nov. 12, a staggering 83% of respondents chose Dogecoin over Bitcoin as their preferred investment.

有趣的是，他指出，狗狗幣的搜尋興趣仍遠低於歷史最高水平，留有龐大的成長空間。同時，在 11 月 12 日進行的社區民意調查中，令人震驚的是，83% 的受訪者選擇狗狗幣而不是比特幣作為他們的首選投資。

Martinez’s analysis also included technical indicators. On Nov. 12, he noted that Dogecoin’s Market Value to Realized Value (MVRV) ratio had reset to 45.65% following its recent price correction.

馬丁內斯的分析還包括技術指標。 11 月 12 日，他指出，狗狗幣的市值與已實現價值 (MVRV) 比率在最近的價格調整後已重置為 45.65%。

According to Martinez, historically, Dogecoin tends to reach market tops when the MVRV ratio crosses 78%. Hence, the fact that the current MVRV ratio is way below this indicates further potential for price growth.

Martinez 表示，從歷史上看，當 MVRV 比率超過 78% 時，狗狗幣往往會達到市場頂部。因此，目前 MVRV 比率遠低於此水準顯示價格進一步成長的潛力。

Additionally, he highlighted the meme coin’s adherence to a parallel price channel, with critical resistance levels at $2.40 and $18. This pattern suggests that DOGE could rebound from its current levels to hit these higher targets.

此外，他還強調了 Meme 幣遵循平行價格通道，關鍵阻力位在 2.40 美元和 18 美元。這種模式表明 DOGE 可能會從當前水平反彈以達到這些更高的目標。

Furthermore, Martinez called attention to historical data. On Nov. 10, he pointed out that Dogecoin has often peaked around the 1.618 and 2.272 Fibonacci retracement levels during previous bull runs. These levels now correspond to $3.95 and $23.26.

此外，馬丁內斯呼籲人們關注歷史數據。 11 月 10 日，他指出，在先前的多頭市場中，狗狗幣經常在 1.618 和 2.272 斐波那契回撤位附近見頂。這些水平現在對應於 3.95 美元和 23.26 美元。

However, Martinez warned that such parabolic runs are typically accompanied by steep corrections. He reminded investors that during the 2017 and 2021 bull runs, Dogecoin experienced pullbacks ranging from 40% to 84%.

然而，馬丁內斯警告說，這種拋物線運行通常伴隨著急劇的修正。他提醒投資者，在2017年和2021年的多頭市場期間，狗狗幣經歷了40%至84%的回檔。

Despite the recent correction, Martinez remains optimistic about Dogecoin’s future. He emphasized that these fluctuations are part of the rhythm of a parabolic run. These commentaries compiled by him suggest that DOGE is still in the early stages of what could be a historic bull run.

儘管最近出現了調整，馬丁內斯仍然對狗狗幣的未來感到樂觀。他強調，這些波動是拋物線運行節奏的一部分。他編寫的這些評論表明，DOGE 仍處於歷史性牛市的早期階段。