狗狗幣在市場崩盤中失勢，鏈上數據暗示未來不確定

在整體市場低迷的情況下，狗狗幣 (DOGE) 週二下跌 3.2%。鏈上指標呈現出喜憂參半的景象，DOGE 自 2024 年 3 月以來首次跌破 0.14 美元。雖然空頭部位目前佔優勢，但關鍵的鏈上指標顯示結果尚未確定。

Dogecoin Plunges Amidst Market-Wide Decline, On-Chain Metrics Paint Mixed Picture

狗狗幣在整個市場下跌中暴跌，鏈上指標描繪出喜憂參半的景象

April 30, 2024 - Dogecoin (DOGE), the popular meme cryptocurrency, has experienced a significant decline in value, mirroring a broader market correction within the cryptocurrency landscape.

2024 年 4 月 30 日 - 流行的迷因加密貨幣狗狗幣 (DOGE) 的價值大幅下跌，反映出加密貨幣領域更廣泛的市場調整。

Over the past 24 hours, Dogecoin has witnessed a 3.2% drop, dipping below the crucial $0.14 support level for the first time since March 20, 2024. This price action comes on the heels of a month-long correction within the crypto markets, resulting in a 33% decline in DOGE's value.

在過去24 小時內，狗狗幣下跌了3.2%，自2024 年3 月20 日以來首次跌破關鍵的0.14 美元支撐位。發生的，導致DOGE 的價值下跌了 33%。

On-chain data from IntoTheBlock provides mixed signals regarding Dogecoin's future prospects. One support cluster, represented by the $0.09 – $0.137 price range, holds approximately 6.44 billion DOGE in 232.28K addresses. However, this support level is smaller than a previous support cluster centered around $0.22.

來自 IntoTheBlock 的鏈上數據提供了有關狗狗幣未來前景的混合訊號。一個支持集群（以 0.09 美元至 0.137 美元的價格範圍為代表）在 232.28K 個地址中持有約 64.4 億個 DOGE。然而，該支撐位小於先前以 0.22 美元為中心的支撐位。

Dogecoin's price performance continues to align closely with Bitcoin (BTC), the leading cryptocurrency. The high correlation between the two assets resulted in a simultaneous drop below key support levels on Tuesday. Shiba Inu (SHIB), another popular meme cryptocurrency, has also exhibited a strong correlation with DOGE, declining by 12.9% over the past week.

狗狗幣的價格表現繼續與領先的加密貨幣比特幣（BTC）密切相關。這兩種資產之間的高度相關性導致周二同時跌破關鍵支撐位。另一種流行的 meme 加密貨幣 Shiba Inu (SHIB) 也表現出與 DOGE 的強烈相關性，過去一周下跌了 12.9%。

Battle of the Bears and Bulls

熊與公牛之戰

Despite the ongoing bearish trend, DOGE trading volume has surged in both Spot and Derivatives markets, indicating a surge in investor activity. The combined Spot market liquidity stats favor the bulls, with $91 million in buy orders exceeding $78 million in sell orders.

儘管看跌趨勢持續，但現貨和衍生性商品市場的 DOGE 交易量均大幅上升，顯示投資人活動激增。綜合現貨市場流動性統計數據有利於多頭，買入訂單為 9,100 萬美元，賣出訂單為 7,800 萬美元。

However, key on-chain metrics paint a more nuanced picture. The 'In The Money' metric suggests that 18% of active DOGE addresses are currently profitable, while 21% are experiencing losses. This indicates that the battle between bears and bulls for control of the market remains intense.

然而，關鍵的鏈上指標描繪了一幅更微妙的圖景。 「In The Money」指標表明，18% 的活躍 DOGE 地址目前正在盈利，而 21% 正在遭受損失。這表明空頭和多頭之間爭奪市場控制權的鬥爭仍然激烈。

On-Chain Indicators Swing in Favor of Bears

鏈上指標向空頭傾斜

Examining the seven-day charts for both Spot and Derivatives markets reveals that bears have gained a slight edge, winning 126 to 123 in Spot and mirroring the trend in Derivatives. The overall long versus short ratio now stands at 0.9387, implying a higher number of short positions than long positions.

檢查現貨和衍生性商品市場的 7 天圖表可以發現，空頭獲得了輕微優勢，現貨市場以 126 比 123 獲勝，這也反映了衍生性商品市場的趨勢。總體多空比率目前為 0.9387，這意味著空頭部位數量高於多頭部位數量。

Traders on major exchanges such as Binance and OKX, however, remain bullish on DOGE, with long versus short ratios of 4.13 and 4.45, respectively.

然而，Binance 和 OKX 等主要交易所的交易者仍然看好 DOGE，多空比率分別為 4.13 和 4.45。

Critical Support Levels and Price Targets

關鍵支撐位和價格目標

As of press time, DOGE, the largest Proof of Work (PoW) blockchain aside from Bitcoin, is trading at $0.1369. To maintain stability, DOGE needs to hold above $0.145 on the daily close, which would pave the way for a potential surge towards the $0.20 price target. Conversely, a drop below $0.14 could trigger a retest of the green support cluster below $0.12.

截至發稿時，除比特幣之外最大的工作量證明 (PoW) 區塊鏈 DOGE 的交易價格為 0.1369 美元。為了保持穩定，DOGE 需要在每日收盤時保持在 0.145 美元以上，這將為潛在飆升至 0.20 美元的目標價鋪平道路。相反，跌破 0.14 美元可能會觸發綠色支撐群重新測試至 0.12 美元以下。

Historical Perspective and Community Support

歷史視角與社區支持

Dogecoin has struggled to reclaim its $0.20 price target since April 12, 2024. Previous attempts to rally above $0.20 in March failed to sustain beyond three days.

自 2024 年 4 月 12 日以來，狗狗幣一直在努力恢復其 0.20 美元的價格目標。

Despite its recent struggles, Dogecoin's status as a top-10 cryptocurrency by market cap is supported by a large and active community, including popular crypto personalities like Elon Musk. The community's support has been a significant factor in Dogecoin's resilience and potential for future growth.

儘管狗狗幣最近處境艱難，但它作為市值排名前十的加密貨幣的地位得到了龐大而活躍的社區的支持，其中包括埃隆·馬斯克(Elon Musk)等流行的加密貨幣名人。社群的支持是狗狗幣的彈性和未來成長潛力的重要因素。