Dogecoin（Doge）持有人在波動中保持強大

Dogecoin在重新獲得向上的動力時遇到困難，關鍵的指標表現出關鍵水平，可以決定其下一步的行動。

Bearish pressure has halted Dogecoin’s renewed upward momentum after the market gained traction a few days ago, bringing its price just below the $0.20 level. While DOGE struggles with the pullback, many participants are still holding on to the meme coin, reflecting robust confidence in its potential.

幾天前市場獲得關注之後，看跌壓力已經停止了Dogecoin的更新勢頭，使其價格略低於0.20美元。儘管Doge在回調方面掙扎，但許多參與者仍堅持模因硬幣，反映出對其潛力的強烈信心。

Dogecoin: Crucial Metric Shows $0.20 Is Key For Next Move

Dogecoin：重要的度量標準顯示0.20美元是下一步的關鍵

Dogecoin is encountering difficulties in bouncing back up, and crucial metrics are highlighting critical levels that could influence its subsequent actions. World-leading on-chain data and financial platform Glassnode has shed light on a notable trend in Dogecoin’s supply metrics.

Dogecoin在彈跳時遇到困難，至關重要的指標突出了可能影響其後續行動的關鍵水平。世界領先的鏈上數據和金融平台玻璃節揭示了Dogecoin的供應指標的顯著趨勢。

In an update on Friday, Glassnode began by examining the Dogecoin UTXO Realized Price Distribution (URPD) metric. The data from this key metric reveals that over 7% of DOGE’s supply is clustered at the $0.20 level, rendering it the third-largest capital cluster after $0.17 and $0.07.

在周五的更新中，GlassNode首先檢查了Dogecoin UTXO實現的價格分配（URPD）度量。該關鍵指標的數據表明，Doge供應量的7％以上的供應水平為0.20美元，使其成為以0.17美元和0.07美元的價格為第三大資本集群。

Furthermore, large capital inflows were recorded at this level on January 22, although wallets likely purchased DOGE earlier, increasing their cost basis. Presently, the $0.20 mark could pose an obstacle to price increases in the short term. In the event that this level is breached, there will not be much DOGE available until the next significant URPD cluster at $0.31.

此外，儘管錢包可能較早購買，從而增加了其成本基礎，但在1月22日的水平上記錄了大量資本流入。目前，$ 0.20大關可能會在短期內構成價格上漲的障礙。如果違反了此級別，那麼直到下一個重要的URPD集群為0.31美元之前，將不會有太多可用的Doge。

The platform highlighted that a sharp leg-up is more likely to occur because of this gap, considering there is less resistance between them. Thus, Glassnode has hinted at a possible breakout when volume picks up.

該平台強調，考慮到它們之間的阻力較小，因此更有可能發生鋒利的腿部。因此，玻璃節在音量拾取時暗示了可能的突破。

Highlighting another interesting development, Glassnode went on to examine the Dogecoin HODL Waves metric. The analysis revealed that about 15% of DOGE’s supply was last moved 6 to 12 months ago. This shift was clocked among holders who purchased the meme coin ahead of the November-December rally last year and are still holding on to the asset.

玻璃節突出了另一個有趣的發展，繼續檢查了Dogecoin Hodl波。分析表明，Doge供應量的大約15％是在6到12個月前移動的。這次輪班是在去年11月至12月集會之前購買模因硬幣的持有人的時光，並且仍在保留資產。

This behavior among these investors indicates a strong conviction in the prospects of the meme coin.

這些投資者之間的這種行為表明，模因硬幣的前景有著強烈的信念。

Crucially, the 3-6M HODL Waves began to rise since the beginning of March, suggesting significant purchases by many investors during the bounce from $0.32 to $0.41 in January. However, should prices recover at these levels, some would attempt to sell at a break-even point, posing an obstacle to DOGE’s performance.

至關重要的是，自3月初以來，3-6M HODL波開始上升，這表明許多投資者在1月反彈期間從0.32美元到0.41美元進行了大量購買。但是，如果價格在這些水平上恢復，有些人會試圖在收支平衡點出售，這給Doge的表現帶來了障礙。

Spot-Driven DOGE Futures Volume

現場驅動的Doge期貨量

In other developments, Glassnode’s analysis also covered DOGE Futures Open Interest (OI) performance in the last few days. Currently, Dogecoin’s futures open interest is valued at $1 billion compared to the average for November/December of over $3 billion.

在其他發展中，GlassNode的分析還涵蓋了過去幾天的Doge Futures開放興趣（OI）的表現。目前，Dogecoin的期貨開放興趣的價值為10億美元，而11月/12月的平均值超過30億美元。

Additionally, the 7-day SMA of futures volume is recovering from the bottom, remaining close to October 2024 levels, which is majorly driven by spot rather than speculative leverage. While futures volume has risen, DOGE Funding Rates have dropped close to neutral over the past 2 days, reflecting another reason that the rally is more spot-driven and not by excessive long positioning.

此外，7天的期貨量正在從底部恢復，保持接近2024年10月的水平，這主要是由斑點而不是投機性槓桿驅動的。儘管期貨量增加了，但在過去的兩天中，門檻的資金率已經接近中立，這反映了另一個原因是集會更具斑點驅動，而不是過度長時間的定位。

Given the positive advancements, Dogecoin’s price might recover its upward movements shortly. Crypto analyst Trader Tardigrade revealed that DOGE is breaking out of a 3-month Descending Trendline, signaling its potential for a short-term rally.

鑑於積極的進步，Dogecoin的價格可能很快就會恢復其上升。加密分析師Trader Tardigrade透露，Doge正在闖入3個月的下降趨勢線，這表明其短期集會的潛力。