狗狗币 (DOGE) LTH 逢高卖出，面临短期价格调整的风险

狗狗币（DOGE）最近在 11 月 12 日飙升至三年高点 0.43 美元，随后回落至 0.38 美元，维持每日 3% 的涨幅。

Dogecoin (CRYPTO: DOGE) price enjoyed a 3% rally on Monday morning as it trades at $0.38 with the meme coin’s price showing a price spike from last week that led many long-term holders (LTHs) to sell for a profit.

狗狗币 (CRYPTO: DOGE) 价格周一上午上涨 3%，交易价格为 0.38 美元，与上周相比，狗狗币价格飙升，导致许多长期持有者 (LTH) 出售以获取利润。

If this trend continues, DOGE risks losing much of its recent gains in the short term.

如果这种趋势持续下去，DOGE 可能会在短期内失去大部分近期涨幅。

On-chain data shows that the price spike has led many LTHs to take profits.

链上数据显示，价格飙升导致许多LTH获利了结。

BeInCrypto’s assessment of Dogecoin’s on-chain performance shows a decline in its Mean Coin Age over the past week.

BeInCrypto 对狗狗币链上表现的评估显示，过去一周其平均币龄有所下降。

According to Santiment, this has dropped by 1% over the past seven days.

据 Santiment 称，这一数字在过去 7 天内下降了 1%。

Mean coin age refers to the average age of the coins in circulation.

平均钱币年龄是指流通中的钱币的平均年龄。

It gives insight into how long their owners have held coins before being moved or sold.

它可以深入了解其所有者在移动或出售之前持有代币的时间。

When this metric falls, it means coins that have been held for a long time are being moved or traded more frequently. It is often a bearish sign that indicates that LTHs could be cashing out their profit.

当该指标下降时，意味着长期持有的代币正在更频繁地转移或交易。这通常是一个看跌信号，表明 LTH 可能正在兑现利润。

Furthermore, the positive readings from DOGE’s market value to realized value (MVRV) ratio suggest that the meme coin is currently overvalued.

此外，DOGE 的市场价值与实现价值 (MVRV) 比率的积极读数表明，模因币目前被高估。

This may have prompted its LTHs to want to sell for a profit. According to Santiment’s data, DOGE’s current MVRV ratio is 232.36%.

这可能促使其 LTH 想要出售以获取利润。根据Santiment的数据，DOGE目前的MVRV比率为232.36%。

The MRVR ratio is a key metric used to analyze a cryptocurrency’s valuation relative to its historical price trends. It compares the market value (the current price of all coins in circulation) to the realized value (the price at which coins last moved on the blockchain).

MRVR 比率是用于分析加密货币相对于其历史价格趋势的估值的关键指标。它将市场价值（流通中的所有代币的当前价格）与已实现价值（代币最后在区块链上移动的价格）进行比较。

A positive MRVR ratio suggests that the market value is greater than the realized value. This indicates that the asset is overvalued. Historically, many view this as a signal to sell their holdings for a profit.

正的 MRVR 比率表明市场价值大于实现价值。这表明该资产被高估。从历史上看，许多人认为这是出售所持股份以获取利润的信号。

At 236.36%, DOGE’s MVRV ratio suggests that its current market value is 236% higher than its realized value. Therefore, if all its holders were to sell, they would realize 236% gains on average. Such a high MVRV hints at a prolonged period of price correction as more investors take profits.

DOGE 的 MVRV 比率为 236.36%，表明其当前市值比其实现价值高出 236%。因此，如果所有持有者都卖出，平均将获得236%的收益。如此高的 MVRV 暗示，随着更多投资者获利了结，价格调整将持续较长时间。

Currently trading at $0.38, DOGE sits just below the $0.39 resistance level. Increased selling pressure could push the price down to its support at $0.31.

DOGE 目前的交易价格为 0.38 美元，略低于 0.39 美元的阻力位。抛售压力增加可能会将价格推低至 0.31 美元的支撑位。

A failure to hold this level may trigger a sharper decline, pushing DOGE below the $0.30 mark and potentially toward $0.21.

如果未能守住这一水平，可能会引发更大幅度的下跌，将 DOGE 推至 0.30 美元以下，并可能跌向 0.21 美元。

Such a move would further distance the DOGE meme coin price from any rally beyond $0.47 and a return to $0.50, last seen in May 2021.

此举将使 DOGE meme 代币价格进一步远离 0.47 美元以上的反弹，并重返 0.50 美元（上次出现在 2021 年 5 月）。

However, if market sentiment turns positive and LTHs hold their positions, increased demand for DOGE could drive its price past $0.47, bringing the $0.50 price zone back into reach.

然而，如果市场情绪转好且 LTH 持仓，对 DOGE 的需求增加可能会推动其价格突破 0.47 美元，从而重新回到 0.50 美元的价格区域。