長期持有人的焦慮症上升正在驅動狗狗（Doge）的社交情緒，這表明價格波動提高

具體而言，長期門廊持有者的未實現的未實現的盈利/損失（NUPL）已從信念和否認狀態轉變為樂觀和焦慮

Rising anxiety among long-term holders is fueling social sentiment, which in turn contributes to increased price volatility for Dogecoin (DOGE).

長期持有人的焦慮症上升正在加劇社交情緒，這反過來促進了Dogecoin（Doge）的價格波動。

Specifically, the Net Unrealized Profit/Loss (NUPL) metric for long-term DOGE holders has transitioned from a state of belief and denial to optimism and anxiety, according to on-chain data from Glassnode shared by prominent cryptocurrency analyst Ali Martinez on March 30.

具體而言，根據著名的加密貨幣分析師阿里·馬丁內斯（Ali Martinez）在3月30日共享的GlassNode中，長期門檻持有人的淨淨盈利/損失（NUPL）已從信仰和否認狀態轉變為樂觀和焦慮。

According to the analyst, such transitions in sentiment tend to be followed by heightened volatility.

根據分析師的說法，情緒中的這種轉變往往會增加波動率。

As the data from Glassnode shows, the NUPL for long-term holders has been decreasing. This suggests that many investors who held DOGE for the long term are now approaching break-even or even realizing losses.

如玻璃節數據所示，長期持有人的NUPL正在減少。這表明，許多長期持有Doge的投資者現在正在接近分裂甚至意識到損失。

This change in sentiment coincides with a significant drop in DOGE’s price, which has seen a substantial decline in March, aligning with the broader cryptocurrency market trend.

這種情緒的這種變化恰好與總督的價格大幅下降相吻合，三月份的價格大幅下降，與更廣泛的加密貨幣市場趨勢保持一致。

Historical observations suggest that shifts in NUPL tend to precede noticeable swings in price. This implication is that Dogecoin could be poised for further turbulence in the coming weeks as the bears push lower.

歷史觀察結果表明，NUPL的轉變往往是價格明顯的波動。這種暗示是，隨著熊的推動，狗狗幣可以在接下來的幾週內得到進一步的湍流。

In this case, the fear of additional losses may prompt some investors to close their positions, potentially accelerating selling pressure.

在這種情況下，人們擔心額外的損失可能會促使一些投資者關閉其頭寸，從而加速銷售壓力。

However, Dogecoin’s technical setup could potentially invalidate the current bearish outlook. In fact, an analysis shared by Martinez suggested that the meme cryptocurrency is likely to rebound, as it is currently positioned just above the lower boundary of the long-term ascending channel that has guided its price trajectory since 2015.

但是，Dogecoin的技術設置可能會使當前的看跌前景無效。實際上，馬丁內斯（Martinez）的一項分析表明，模因加密貨幣可能反彈，因為它目前位於自2015年以來一直指導其價格軌蹟的長期上升渠道的下邊界上方。

The coin is also being supported by the 0.5 Fibonacci retracement level, around $0.15, a zone often associated with bullish reversals. This technical alignment suggests that the current range, which is acting as a floor, could launch a rally if buying pressure intensifies.

硬幣也得到了0.5斐波那契反回的支撐，約為0.15美元，這是一個通常與看漲逆轉有關的區域。這種技術一致性表明，如果購買壓力加劇，目前的範圍可能會發起集會。

Should Dogecoin attract renewed interest, an analysis suggests that the coin could rally towards the channel’s midline, which is located at $0.4, and then test higher resistance levels around $0.50 and $1.30, aligning with the 1 and 1.618 Fibonacci extensions.

如果Dogecoin吸引了新的興趣，則一項分析表明，硬幣可以朝向該頻道的中線，該中線為0.4美元，然後測試較高的阻力水平約為0.50美元和1.30美元，與1和1.618 fibonacci擴展一致。

Meanwhile, although Dogecoin has been largely impacted by broader market sentiment, there is still a chance for the coin to embark on a parabolic rally based on select fundamentals. For instance, an analysis by Benzinga earlier this year highlighted that a move toward mainstream adoption could trigger massive buying pressure.

同時，儘管Dogecoin在很大程度上受到了更廣泛的市場情緒的影響，但硬幣仍然有機會基於精選的基礎知識進行拋物線集會。例如，本辛加今年早些時候的一項分析強調，朝主流採用的轉變可能會引發巨大的購買壓力。

This could be especially significant if the Securities and Exchange Commission (SEC) approves applications for spot DOGE exchange-traded funds (ETFs).

如果證券交易委員會（SEC）批准了現場交易所交易所交易基金（ETF）的申請，這可能尤其重要。