Dogecoin（Doge）持有人在波动中保持强大

Dogecoin在重新获得向上的动力时遇到困难，关键的指标表现出关键水平，可以决定其下一步的行动。

Bearish pressure has halted Dogecoin’s renewed upward momentum after the market gained traction a few days ago, bringing its price just below the $0.20 level. While DOGE struggles with the pullback, many participants are still holding on to the meme coin, reflecting robust confidence in its potential.

几天前市场获得关注之后，看跌压力已经停止了Dogecoin的更新势头，使其价格略低于0.20美元。尽管Doge在回调方面挣扎，但许多参与者仍坚持模因硬币，反映出对其潜力的强烈信心。

Dogecoin: Crucial Metric Shows $0.20 Is Key For Next Move

Dogecoin：重要的度量标准显示0.20美元是下一步的关键

Dogecoin is encountering difficulties in bouncing back up, and crucial metrics are highlighting critical levels that could influence its subsequent actions. World-leading on-chain data and financial platform Glassnode has shed light on a notable trend in Dogecoin’s supply metrics.

Dogecoin在弹跳时遇到困难，至关重要的指标突出了可能影响其后续行动的关键水平。世界领先的链上数据和金融平台玻璃节揭示了Dogecoin的供应指标的显着趋势。

In an update on Friday, Glassnode began by examining the Dogecoin UTXO Realized Price Distribution (URPD) metric. The data from this key metric reveals that over 7% of DOGE’s supply is clustered at the $0.20 level, rendering it the third-largest capital cluster after $0.17 and $0.07.

在周五的更新中，GlassNode首先检查了Dogecoin UTXO实现的价格分配（URPD）度量。该关键指标的数据表明，Doge供应量的7％以上的供应水平为0.20美元，使其成为以0.17美元和0.07美元的价格为第三大资本集群。

Furthermore, large capital inflows were recorded at this level on January 22, although wallets likely purchased DOGE earlier, increasing their cost basis. Presently, the $0.20 mark could pose an obstacle to price increases in the short term. In the event that this level is breached, there will not be much DOGE available until the next significant URPD cluster at $0.31.

此外，尽管钱包可能较早购买，从而增加了其成本基础，但在1月22日的水平上记录了大量资本流入。目前，$ 0.20大关可能会在短期内构成价格上涨的障碍。如果违反了此级别，那么直到下一个重要的URPD集群为0.31美元之前，将不会有太多可用的Doge。

The platform highlighted that a sharp leg-up is more likely to occur because of this gap, considering there is less resistance between them. Thus, Glassnode has hinted at a possible breakout when volume picks up.

该平台强调，考虑到它们之间的阻力较小，因此更有可能发生锋利的腿部。因此，玻璃节在音量拾取时暗示了可能的突破。

Highlighting another interesting development, Glassnode went on to examine the Dogecoin HODL Waves metric. The analysis revealed that about 15% of DOGE’s supply was last moved 6 to 12 months ago. This shift was clocked among holders who purchased the meme coin ahead of the November-December rally last year and are still holding on to the asset.

玻璃节突出了另一个有趣的发展，继续检查了Dogecoin Hodl波。分析表明，Doge供应量的大约15％是在6到12个月前移动的。这次轮班是在去年11月至12月集会之前购买模因硬币的持有人的时光，并且仍在保留资产。

This behavior among these investors indicates a strong conviction in the prospects of the meme coin.

这些投资者之间的这种行为表明，模因硬币的前景有着强烈的信念。

Crucially, the 3-6M HODL Waves began to rise since the beginning of March, suggesting significant purchases by many investors during the bounce from $0.32 to $0.41 in January. However, should prices recover at these levels, some would attempt to sell at a break-even point, posing an obstacle to DOGE’s performance.

至关重要的是，自3月初以来，3-6M HODL波开始上升，这表明许多投资者在1月反弹期间从0.32美元到0.41美元进行了大量购买。但是，如果价格在这些水平上恢复，有些人会试图在收支平衡点出售，这给Doge的表现带来了障碍。

Spot-Driven DOGE Futures Volume

现场驱动的Doge期货量

In other developments, Glassnode’s analysis also covered DOGE Futures Open Interest (OI) performance in the last few days. Currently, Dogecoin’s futures open interest is valued at $1 billion compared to the average for November/December of over $3 billion.

在其他发展中，GlassNode的分析还涵盖了过去几天的Doge Futures开放兴趣（OI）的表现。目前，Dogecoin的期货开放兴趣的价值为10亿美元，而11月/12月的平均值超过30亿美元。

Additionally, the 7-day SMA of futures volume is recovering from the bottom, remaining close to October 2024 levels, which is majorly driven by spot rather than speculative leverage. While futures volume has risen, DOGE Funding Rates have dropped close to neutral over the past 2 days, reflecting another reason that the rally is more spot-driven and not by excessive long positioning.

此外，7天的期货量正在从底部恢复，保持接近2024年10月的水平，这主要是由斑点而不是投机性杠杆驱动的。尽管期货量增加了，但在过去的两天中，门槛的资金率已经接近中立，这反映了另一个原因是集会更具斑点驱动，而不是过度长时间的定位。

Given the positive advancements, Dogecoin’s price might recover its upward movements shortly. Crypto analyst Trader Tardigrade revealed that DOGE is breaking out of a 3-month Descending Trendline, signaling its potential for a short-term rally.

鉴于积极的进步，Dogecoin的价格可能很快就会恢复其上升。加密分析师Trader Tardigrade透露，Doge正在闯入3个月的下降趋势线，这表明其短期集会的潜力。