Dogecoin（Doge）以0.20美元的价格遇到重大市场抵抗力，停止了其最近的恢复势头

由比特币领导的加密货币市场面临着衰退，影响了Dogecoin的价格轨迹。

Dogecoin (CRYPTO: DOGE) price has encountered strong market resistance at the $0.20 price level, halting its recent recovery momentum.

Dogecoin（Crypto：Doge）价格以0.20美元的价格水平遇到了强大的市场抵抗力，停止了其最近的恢复势头。

What Happened: Following a surge of over 18% since March 22, Dogecoin experienced a reversal as it struggled to sustain its bullish trajectory.

发生的事情是：自3月22日以来的增长超过18％之后，Dogecoin经历了逆转，因为它努力维持其看涨的轨迹。

Market analysts are attributing this price behavior to significant whale activity and increased selling pressure around the $0.20 resistance.

市场分析师将这种价格行为归因于重大鲸鱼活动，并增加了销售压力在0.20美元的阻力范围内。

Bitcoin’s 3% downturn also triggered a similar reaction in Dogecoin, which had initially climbed above the $0.19 mark with a series of intraday gains.

比特币的3％衰退也引发了类似的狗狗币的反应，Dogecoin最初随着一系列盘中增长而攀升到0.19美元以上。

However, the resistance at $0.20 proved too strong for Dogecoin to overcome, leading to a setback that saw DOGE slide back to $0.177.

但是，$ 0.20的阻力证明太强大了，无法克服狗狗币，导致挫折使Doge滑到了0.177美元。

According to Glassnode’s on-chain analysis, Dogecoin has encountered major supply walls that are likely to hamper further gains. The presence of substantial ‘whale’ activity around this level has transformed $0.20 into a formidable resistance zone.

根据GlassNode的链分析，Dogecoin遇到了可能会妨碍进一步增长的主要供应墙。该水平周围的实质性“鲸鱼”活动的存在已将0.20美元转化为强大的电阻区。

Despite multiple attempts by bulls to push Dogecoin above this threshold, sellers have consistently returned, placing downward pressure on the cryptocurrency’s price.

尽管公牛队多次尝试将狗狗币超过这个阈值，但卖方始终返回，给加密货币的价格下降了压力。

Related Link: Top 5 Crypto Movers: APE, ADA Among Biggest Gainers In 24 Hour, LTC Set For Biggest Loss

相关链接：前5个加密货币搬运工：猿，ADA，在24小时内最大的获利者中，LTC设定了最大的损失

Whale Activity And Market Sentiment: The accumulations and distribution patterns of large-volume "whale" traders have significantly influenced Dogecoin’s price behavior.

鲸鱼活动和市场情绪：大批量“鲸鱼”贸易商的积累和分配模式严重影响了Dogecoin的价格行为。

A substantial accumulation phase in January 2025 led to the formation of a dense supply cluster around the $0.20 level.

2025年1月，一个大量的积累阶段导致形成了一个密集的供应群，左右在0.20美元之间。

Since then, these large holders have been engaged in distributing their coins at this price point, which contributes to increased selling pressure whenever DOGE attempts to approach this price range.

从那时起，这些大型持有人一直从事此价格分配硬币，这在Doge试图接近此价格范围的情况下会增加销售压力。

Glassnode’s UTXO Realized Price Distribution (URPD) data highlights two primary "supply walls" for Dogecoin. The first cluster of coins is evident at the $0.20 level, where a large volume of coins was last sold or moved out of wallets.

GlassNode的UTXO实现了价格分布（URPD）数据，重点介绍了Dogecoin的两个主要“供应墙”。第一个硬币群在0.20美元的水平上很明显，最后出售或搬出钱包，大量硬币。

This coincides with a period of known whale activity, and it showcases the efforts of these large investors to distribute their coins around this price point.

这与一段已知的鲸鱼活动相吻合，它展示了这些大型投资者在这个价格点附近分发硬币的努力。

Technical Analysis: Key Resistance And Support Levels: Market experts highlight the critical importance of breaking the $0.20 resistance level to unlock Dogecoin’s upward potential.

技术分析：关键阻力和支持水平：市场专家强调了打破0.20美元的阻力水平以解锁Dogecoin的上升潜力的重要重要性。

If DOGE can convincingly clear this zone, analysts suggest that the price could rally further toward $0.31, where minimal supply resistance is anticipated.

如果Doge可以令人信服地清除该区域，则分析师认为，预计供应电阻最少的价格可能会进一步涨到0.31美元。

However, failure to overcome $0.20 might result in a continuation of bearish pressure, potentially driving the price back toward lower support levels below $0.19.

但是，未能克服0.20美元可能会导致看跌压力的延续，有可能使价格恢复到低于0.19美元的较低支持水平。

The recent price rise has already led to a decline in large-volume holders at the $0.20 level, indicating that weaker barriers might exist at higher prices.

最近的价格上涨已经导致大容量持有人在0.20美元的水平下下降，这表明较高的价格可能以较高的价格存在。

Still, bulls will need to secure sustained buying pressure to push DOGE beyond this critical range.

尽管如此，公牛仍需要确保持续的购买压力，以将门槛推到这一关键范围之外。

Long-Term Holder Confidence And Stability: Despite the recent price fluctuations, Dogecoin appears to be holding above the $0.19 mark with support from long-term holders.

长期持有人的信心和稳定性：尽管最近价格波动，但在长期持有人的支持下，Dogecoin似乎在0.19美元的上方持有。

Data from Glassnode shows that approximately 15% of DOGE’s total supply has remained locked away for six months to a year, showcasing the confidence of these deep-pocket investors.

来自GlassNode的数据表明，Doge总供应量的大约15％仍被锁定了六个月至一年，展示了这些深口袋投资者的信心。

A significant portion of Dogecoin’s supply comprises investors who entered the market during the fourth quarter of 2024, and they have managed to retain their coins throughout periods of market turbulence.

Dogecoin供应量的很大一部分包括在2024年第四季度进入市场的投资者，他们在市场动荡期内设法保留了硬币。

Since early March 2025, the number of investors holding DOGE for three to six months has been steadily increasing, which further reinforces the stability of market participants at this stage of the cycle.

自2025年3月初以来，持有三到六个月的门槛的投资者人数一直在稳步增加，这进一步增强了周期阶段的市场参与者的稳定性。

This resilience in the face of volatility suggests that Dogecoin could find strong support at its current levels as long-term holders remain committed to their investments.

面对波动性的这种韧性表明，随着长期持有人仍然致力于投资，多霉素可以在目前的水平上找到强有力的支持。

Futures Market Trends And Trading Patterns: Another factor influencing Dogecoin’s price movements is the shift in market dynamics between spot and futures trading.

期货市场趋势和交易模式：影响Dogecoin价格变动的另一个因素是现货和期货交易之间市场动态的变化。

Futures Open Interest levels have dropped significantly from $3 billion in Q4 2024 to $1 billion in March 2025, indicating a reduction in speculative trading activity and high leverage.

期货开放利息水平已从2024年第四季度的30亿美元下降到2025年3月的10亿美元，表明投机性交易活动和高杠杆率降低。

With traders adopting a more cautious approach, the stabilization of funding rates at neutral levels suggests a more sustainable trading pattern.

随着贸易商采用更谨慎的方法，中立水平的融资率的稳定表明交易模式更为可持续。

This shift could lead to a less volatile and more predictable price trajectory for Dogecoin in the coming weeks and months.

这种转变可能导致在接下来的几周和几个月内，Dogecoin的波动性较小，价格较高。

What To Expect Next: The next few trading sessions will be crucial in determining Dogecoin’s short-term trajectory.

接下来的期望：接下来的几个交易课程对于确定狗狗的短期轨迹至关重要。

If DOGE can successfully break above the $0.20 resistance, we could see an accelerated push toward $0.31, fueled by decreased supply resistance at higher price tiers.

如果Doge能够成功地超过0.20美元的电阻，我们可能会看到升至0.31美元的加速推动，这是由于较高的价格级别的供应阻力降低所推动。

However, if the resistance holds firm and sellers return, Dogecoin might retest lower support levels, potentially placing the price back in a downward move to continue testing the $0.175 to

但是，如果阻力保持稳定，卖家返回，Dogecoin可能会重新测试较低的支持水平，并有可能使价格下降，以继续测试0.175美元