Dogecoin（Doge）市場運動：支持會舉行嗎？

Dogecoin（Doge）最近看到了一些動作，包括大規模轉讓1億托馬（價值2540萬美元）

Dogecoin (DOGE) has recently seen some movement, including a massive transfer of 100 million DOGE (worth $25.4 million) to Binance, raising speculation about its next market direction. Currently trading at $0.2551, DOGE has shown some recovery, but concerns persist about its ability to sustain a breakout. Let’s dive into the key factors at play.

Dogecoin（Doge）最近看到了一些動作，包括大量轉移到二手車上的大規模轉讓（價值2540萬美元），從而提出了對其下一個市場方向的猜測。目前，Doge的交易價格為0.2551美元，已經顯示出一些恢復，但擔心其保持突破的能力。讓我們研究起作用的關鍵因素。

Dogecoin’s Price Action: Will the Support Hold?

Dogecoin的價格行動：支持會持有嗎？

DOGE recently bounced off a crucial support level around $0.25, hinting at a possible short-term recovery despite bearish trends. This level has historically been significant, potentially marking a support zone that could fuel a future rally. However, DOGE's current chart shows it within a descending channel formation, indicating ongoing bearish pressure. The Relative Strength Index (RSI) of 37.93 suggests DOGE is currently oversold, meaning it could see a rebound in the short term.

Doge最近在0.25美元左右彈起了至關重要的支持水平，儘管看跌趨勢，但仍可能短期恢復。在歷史上，這一水平是重要的，有可能標誌著一個可能推動未來集會的支持區。但是，Doge的當前圖表顯示了它在下降的通道形成中，表明持續的看跌壓力。相對強度指數（RSI）為37.93，表明Doge目前超出了銷售，這意味著它可以在短期內看到反彈。

Declining Network Activity and Bearish Indicators

網絡活動和看跌指標下降

Dogecoin’s network activity has also raised concerns. On February 20th, the number of daily active addresses dropped to 48,482, while the transaction count was down to 32,054. These declines signal weakening network activity, which could affect liquidity and lead to greater price volatility. This lack of network engagement is concerning for a cryptocurrency that relies on a strong and active user base for growth.

Dogecoin的網絡活動也引起了人們的關注。 2月20日，每日活動地址的數量下降到48,482，而交易數量降至32,054。這些下降的信號信號削弱了網絡活動，這可能會影響流動性並導致更大的價格波動。這種缺乏網絡參與的是關於加密貨幣的依賴於強大而活躍的用戶群來增長的。

In addition to the drop in network activity, DOGE’s Market Value to Realized Value (MVRV) long/short difference also fell to 11.52%. This negative shift signals that many holders are at a loss and could lead to increased selling pressure. Such sentiment suggests that traders may opt to sell to avoid further losses, which could slow down DOGE’s chances for a breakout.

除了網絡活動的下降之外，Doge對已實現價值的市場價值（MVRV）長/短差也下降到11.52％。這種負面的班次信號表明許多持有人會虧損，並可能導致銷售壓力增加。這種情緒表明，交易者可能會選擇出售以避免進一步的損失，這可能會減緩Doge突破的機會。

Mixed Signals in the Derivatives Market

衍生品市場中的混合信號

Dogecoin’s derivatives market tells a somewhat mixed story. Although 24-hour trading volume fell by 29.33% to $1.88 billion, Open Interest saw a modest increase of 1.09%. The drop in volume points to lower participation, which reflects growing market uncertainty. On the other hand, a noticeable surge in Options volume by 79.45% could indicate that traders are positioning themselves for potential volatility. This suggests that, despite the challenges, there is still some anticipation of a market move that could affect DOGE's price action.

Dogecoin的衍生品市場講述了一個混合的故事。儘管24小時的交易量下降了29.33％，至18.8億美元，但開放式利息幅度不高1.09％。體積點下降以降低參與，這反映了市場不確定性的增長。另一方面，期權量的明顯增加79.45％可能表明貿易商正在為潛在的波動而定位。這表明，儘管面臨挑戰，但仍有一些可能影響道門價格行動的市場轉移。

The Road Ahead for Dogecoin

Dogecoin前方的道路

While Dogecoin has bounced off key support and shows some signs of potential short-term recovery, multiple obstacles are standing in the way of a strong breakout. Declining network activity, a negative MVRV, and reduced participation in the derivatives market paint a cautious picture for DOGE. While it may experience short-term rebounds, the overall sentiment suggests that a sustained breakout could remain elusive for the time being.

儘管Dogecoin彈跳了主要的支持，並顯示出潛在的短期恢復的一些跡象，但多個障礙卻阻礙了強烈的突破。網絡活動下降，負MVRV和參與衍生品市場的參與量降低了Doge的謹慎情況。儘管它可能會遇到短期籃板，但總體情緒表明，暫時持續的突破可能仍然難以捉摸。

At this point, DOGE's price action remains uncertain, and its next move will depend on how the market addresses the challenges ahead. While some hope for a rally fueled by whale activity or potential support holds, others fear that Dogecoin may continue to struggle in the face of bearish pressures. The coming days and weeks will be crucial in determining whether DOGE can overcome these hurdles or remain in a prolonged downtrend.

在這一點上，Doge的價格行動仍然不確定，其下一步行動將取決於市場如何應對未來的挑戰。雖然有些人希望對鯨魚活動或潛在的支持助長集會，但另一些人則擔心，面對看跌壓力，狗狗幣可能會繼續掙扎。接下來的幾天和幾週對於確定Doge是否可以克服這些障礙或保持下降趨勢至關重要。