Dogecoin（Doge）正在以關鍵需求水平進行交易

經過兩週的銷售壓力，Dogecoin（Doge）在關鍵需求水平上以關鍵需求水平進行交易，而熊隊駕駛Doge則下降了30％以上。

Dogecoin (DOGE) is trading at key demand levels after two weeks of intense selling pressure, which saw bears push the meme coin down over 30%. The broader crypto market has been enduring a prolonged correction since mid-January, but meme coins have been the most impacted.

在銷售壓力激烈的兩週後，Dogecoin（Doge）正在以關鍵需求水平進行交易，這使Bears將Meme硬幣降低了30％以上。自1月中旬以來，更廣泛的加密貨幣市場一直在持續延長更正，但模因硬幣受到影響最大。

As the leading meme coin, Dogecoin has experienced extreme volatility, testing lower support as investor sentiment remains bearish. However, Glassnode's on-chain metrics indicate that long-term Dogecoin holders are in “denial,” highlighting growing uncertainty among those who have held the coin for extended periods.

作為領先的模因硬幣，Dogecoin經歷了極端的波動性，隨著投資者的情緒仍然看跌，測試了較低的支持。但是，GlassNode的鍊鍊指標表明，長期的Dogecoin持有者處於“否認”中，這強調了那些長期持有硬幣的人的不確定性日益嚴重。

On-chain data: Long-term Dogecoin holders in ‘denial’ as DOGE faces crucial support

鏈上數據：“否認”的長期狗狗持有人，而Doge面對重要的支持

Glassnode's analysis of the Long-Term Holder Net Unrealized Profit/Loss (NUPL) indicator for Dogecoin shows a declining trend. This signifies that many long-term holders are now seeing diminishing unrealized profits or even slipping into losses.

GlassNode對Dogecoin的長期持有人淨未實現的盈利/損失（NUPL）指標的分析顯示出趨勢下降。這表明許多長期持有人現在看到未實現的利潤減少，甚至陷入損失。

The NUPL indicator, which tracks the difference between realized and unrealized profit/loss for long-term holders, has been a valuable tool for gauging the overall health and exuberance of an asset. When the NUPL is high, it suggests that investors are largely in profit and optimistic about the asset's future performance. Conversely, a low NUPL reading indicates that more investors are experiencing unrealized losses, which can correlate with bearish sentiment and potential selling pressure.

NUPL指標跟踪長期持有人的實現和未實現的盈利/損失之間的差異，它是衡量資產整體健康和繁榮的寶貴工具。當NUPL很高時，它表明投資者在很大程度上對資產的未來績效感到樂觀。相反，NUPL較低的閱讀表明，越來越多的投資者正在經歷未實現的損失，這可能與看跌的情緒和潛在的銷售壓力相關。

As the NUPL slips further into negative territory, it suggests that long-term Dogecoin investors are becoming increasingly pessimistic and may be more inclined to sell if the market conditions don't improve. Despite the meme coin sector being hit particularly hard in recent times, on-chain data suggests that there might still be potential for a rebound.

隨著NUPL進一步滑入負面的領域，這表明長期的Dogecoin投資者變得越來越悲觀，如果市場條件沒有改善，可能會更傾向於出售。儘管最近的模因硬幣部門最近受到了巨大的打擊，但鏈上的數據表明，可能仍然有可能進行反彈。

Crucial week for Dogecoin recovery

狗狗恢復至關重要的一周

The coming days will be crucial in determining whether bulls can manage to push for recovery from current levels or if sellers will continue to exert pressure, pushing the meme coin into deeper correction territory. Bitcoin and the broader market are setting fresh lows, and this week will be pivotal for bulls to defend key demand at these levels.

接下來的日子對於確定公牛是否可以設法從當前水平恢復，還是賣方繼續施加壓力，將模因硬幣推向更深的校正領域至關重要。比特幣和更廣泛的市場正在設定新鮮的低點，本週對於公牛捍衛這些水平的關鍵需求將是關鍵的。

Dogecoin is trading at $0.21 after a sharp 19% drop since Monday, continuing its downward trajectory amid broader market weakness. The meme coin sector has been one of the hardest hit in recent weeks, with Dogecoin struggling to find strong support as selling pressure remains dominant.

自周一以來，Dogecoin的交易幅度下降了19％，在0.21美元的交易中，由於市場疲軟，其下降軌跡繼續下降。模因硬幣行業是最近幾週受到打擊最大的行業之一，因為銷售壓力仍然占主導地位，Dogecoin努力尋求強烈的支持。