分析师指出鲸鱼积累和散户兴趣不断增长，狗狗币（DOGE）进入看涨阶段

尽管最近狗狗币回调并随后盘整，但分析师仍然相信这种模因币已进入看涨阶段。

Dogecoin has experienced a recent price pullback and subsequent consolidation. However, several analysts remain confident that the meme coin has entered a bullish phase.

狗狗币最近经历了价格回调和随后的整合。然而，一些分析师仍然相信模因币已进入看涨阶段。

One analyst, Ali Martinez, has recently compiled his commentaries from posts made during and after Dogecoin’s November bull run to provide a broader perspective on its trajectory.

一位分析师 Ali Martinez 最近根据狗狗币 11 月牛市期间和之后发表的帖子整理了他的评论，以提供对其轨迹的更广泛的视角。

According to Martinez, several factors indicate that Dogecoin has entered a parabolic run. Notably, the meme-inspired asset experienced a massive price surge following the U.S. presidential election earlier this month. From $0.1582 on Nov. 5, it climbed to a three-year high of $0.4385 by Nov.12, indicating a 177% increase within a week.

马丁内斯表示，有几个因素表明狗狗币已经进入抛物线运行状态。值得注意的是，本月早些时候美国总统大选后，这种受模因启发的资产经历了大幅价格飙升。从11月5日的0.1582美元，到11月12日攀升至三年高点0.4385美元，一周内上涨177%。

Although DOGE faced a pullback after this peak, its momentum has remained robust. The crypto asset has held above the $0.38 price territory, and it appears to be preparing to utilize this region as a springboard for its next bullish leg.

尽管DOGE在这个峰值之后遭遇回调，但其势头仍然强劲。该加密资产已保持在 0.38 美元的价格区域之上，并且它似乎准备利用该区域作为下一个看涨阶段的跳板。

In a post on Nov. 15, Martinez highlighted massive whale activity as a driving factor. According to his analysis, whales purchased 140 million DOGE, valued at $56 million at the time. This large-scale accumulation suggested that major investors remain confident in Dogecoin’s long-term potential.

在 11 月 15 日的帖子中，马丁内斯强调大规模鲸鱼活动是一个驱动因素。根据他的分析，鲸鱼购买了 1.4 亿枚 DOGE，当时价值 5600 万美元。这种大规模的积累表明主要投资者对狗狗币的长期潜力仍然充满信心。

Moreover, growing retail interest is also contributing to the positive sentiment around Dogecoin. In a Nov. 17 post, Martinez observed that despite skepticism about market cap constraints and meme-driven hype, DOGE’s popularity still hasn’t reached its peak.

此外，散户兴趣的增长也促进了狗狗币的积极情绪。马丁内斯在 11 月 17 日的帖子中指出，尽管人们对市值​​限制和迷因驱动的炒作持怀疑态度，但 DOGE 的受欢迎程度仍未达到顶峰。

Interestingly, he pointed out that search interest for Dogecoin remains far below its all-time highs, leaving substantial room for growth. Meanwhile, in a community poll conducted on Nov. 12, a staggering 83% of respondents chose Dogecoin over Bitcoin as their preferred investment.

有趣的是，他指出，狗狗币的搜索兴趣仍远低于历史最高水平，留有巨大的增长空间。与此同时，在 11 月 12 日进行的社区民意调查中，令人震惊的是，83% 的受访者选择狗狗币而不是比特币作为他们的首选投资。

Martinez’s analysis also included technical indicators. On Nov. 12, he noted that Dogecoin’s Market Value to Realized Value (MVRV) ratio had reset to 45.65% following its recent price correction.

马丁内斯的分析还包括技术指标。 11 月 12 日，他指出，狗狗币的市场价值与已实现价值 (MVRV) 比率在最近的价格调整后已重置为 45.65%。

According to Martinez, historically, Dogecoin tends to reach market tops when the MVRV ratio crosses 78%. Hence, the fact that the current MVRV ratio is way below this indicates further potential for price growth.

Martinez 表示，从历史上看，当 MVRV 比率超过 78% 时，狗狗币往往会达到市场顶部。因此，当前 MVRV 比率远低于此水平表明价格进一步增长的潜力。

Additionally, he highlighted the meme coin’s adherence to a parallel price channel, with critical resistance levels at $2.40 and $18. This pattern suggests that DOGE could rebound from its current levels to hit these higher targets.

此外，他还强调了 Meme 币遵循平行价格通道，关键阻力位为 2.40 美元和 18 美元。这种模式表明 DOGE 可能会从当前水平反弹以达到这些更高的目标。

Furthermore, Martinez called attention to historical data. On Nov. 10, he pointed out that Dogecoin has often peaked around the 1.618 and 2.272 Fibonacci retracement levels during previous bull runs. These levels now correspond to $3.95 and $23.26.

此外，马丁内斯呼吁人们关注历史数据。 11 月 10 日，他指出，在之前的牛市中，狗狗币经常在 1.618 和 2.272 斐波那契回撤位附近见顶。这些水平现在对应于 3.95 美元和 23.26 美元。

However, Martinez warned that such parabolic runs are typically accompanied by steep corrections. He reminded investors that during the 2017 and 2021 bull runs, Dogecoin experienced pullbacks ranging from 40% to 84%.

然而，马丁内斯警告说，这种抛物线运行通常伴随着急剧的修正。他提醒投资者，在2017年和2021年的牛市期间，狗狗币经历了40%至84%的回调。

Despite the recent correction, Martinez remains optimistic about Dogecoin’s future. He emphasized that these fluctuations are part of the rhythm of a parabolic run. These commentaries compiled by him suggest that DOGE is still in the early stages of what could be a historic bull run.

尽管最近出现了调整，马丁内斯仍然对狗狗币的未来持乐观态度。他强调，这些波动是抛物线运行节奏的一部分。他编写的这些评论表明，DOGE 仍处于历史性牛市的早期阶段。