狗狗幣 (DOGE) LTH 逢高賣出，面臨短期價格調整的風險

狗狗幣（DOGE）最近在 11 月 12 日飆升至三年高點 0.43 美元，隨後回落至 0.38 美元，維持每日 3% 的漲幅。

Dogecoin (CRYPTO: DOGE) price enjoyed a 3% rally on Monday morning as it trades at $0.38 with the meme coin’s price showing a price spike from last week that led many long-term holders (LTHs) to sell for a profit.

狗狗幣 (CRYPTO: DOGE) 價格週一上午上漲 3%，交易價格為 0.38 美元，與上週相比，狗狗幣價格飆升，導致許多長期持有者 (LTH) 拋售獲利。

If this trend continues, DOGE risks losing much of its recent gains in the short term.

如果這種趨勢持續下去，DOGE 可能會在短期內失去大部分近期漲幅。

On-chain data shows that the price spike has led many LTHs to take profits.

鏈上數據顯示，價格飆升導致許多LTH獲利了結。

BeInCrypto’s assessment of Dogecoin’s on-chain performance shows a decline in its Mean Coin Age over the past week.

BeInCrypto 對狗狗幣鏈上表現的評估顯示，過去一週其平均幣齡有所下降。

According to Santiment, this has dropped by 1% over the past seven days.

據 Santiment 稱，這一數字在過去 7 天內下降了 1%。

Mean coin age refers to the average age of the coins in circulation.

平均錢幣年齡是指流通中的錢幣的平均年齡。

It gives insight into how long their owners have held coins before being moved or sold.

它可以深入了解其所有者在移動或出售之前持有代幣的時間。

When this metric falls, it means coins that have been held for a long time are being moved or traded more frequently. It is often a bearish sign that indicates that LTHs could be cashing out their profit.

當該指標下降時，意味著長期持有的代幣正在更頻繁地轉移或交易。這通常是一個看跌信號，表明 LTH 可能正在兌現利潤。

Furthermore, the positive readings from DOGE’s market value to realized value (MVRV) ratio suggest that the meme coin is currently overvalued.

此外，DOGE 的市場價值與實現價值 (MVRV) 比率的積極讀數表明，目前meme 幣被高估。

This may have prompted its LTHs to want to sell for a profit. According to Santiment’s data, DOGE’s current MVRV ratio is 232.36%.

這可能促使其 LTH 想要出售以獲取利潤。根據Santiment的數據，DOGE目前的MVRV比率為232.36%。

The MRVR ratio is a key metric used to analyze a cryptocurrency’s valuation relative to its historical price trends. It compares the market value (the current price of all coins in circulation) to the realized value (the price at which coins last moved on the blockchain).

MRVR 比率是用於分析加密貨幣相對於其歷史價格趨勢的估值的關鍵指標。它將市場價值（流通中的所有代幣的當前價格）與已實現價值（代幣最後在區塊鏈上移動的價格）進行比較。

A positive MRVR ratio suggests that the market value is greater than the realized value. This indicates that the asset is overvalued. Historically, many view this as a signal to sell their holdings for a profit.

正的 MRVR 比率表示市場價值大於實現價值。這表示該資產被高估。從歷史上看，許多人認為這是出售所持股份以獲取利潤的信號。

At 236.36%, DOGE’s MVRV ratio suggests that its current market value is 236% higher than its realized value. Therefore, if all its holders were to sell, they would realize 236% gains on average. Such a high MVRV hints at a prolonged period of price correction as more investors take profits.

DOGE 的 MVRV 比率為 236.36%，顯示其當前市值比其實現價值高出 236%。因此，如果所有持有者都賣出，平均將獲得236%的收益。如此高的 MVRV 暗示，隨著更多投資者獲利了結，價格調整將持續較長時間。

Currently trading at $0.38, DOGE sits just below the $0.39 resistance level. Increased selling pressure could push the price down to its support at $0.31.

DOGE 目前的交易價格為 0.38 美元，略低於 0.39 美元的阻力位。拋售壓力增加可能會將價格推低至 0.31 美元的支撐位。

A failure to hold this level may trigger a sharper decline, pushing DOGE below the $0.30 mark and potentially toward $0.21.

如果未能守住這一水平，可能會引發更大幅度的下跌，將 DOGE 推至 0.30 美元以下，並可能跌向 0.21 美元。

Such a move would further distance the DOGE meme coin price from any rally beyond $0.47 and a return to $0.50, last seen in May 2021.

此舉將使 DOGE meme 代幣價格進一步遠離 0.47 美元以上的反彈，並重返 0.50 美元（上次出現在 2021 年 5 月）。

However, if market sentiment turns positive and LTHs hold their positions, increased demand for DOGE could drive its price past $0.47, bringing the $0.50 price zone back into reach.

然而，如果市場情緒轉好且 LTH 持倉，對 DOGE 的需求增加可能會推動其價格突破 0.47 美元，從而重新回到 0.50 美元的價格區域。