Dogecoin（Doge）正在以关键需求水平进行交易

经过两周的销售压力，Dogecoin（Doge）在关键需求水平上以关键需求水平进行交易，而熊队驾驶Doge则下降了30％以上。

Dogecoin (DOGE) is trading at key demand levels after two weeks of intense selling pressure, which saw bears push the meme coin down over 30%. The broader crypto market has been enduring a prolonged correction since mid-January, but meme coins have been the most impacted.

在销售压力激烈的两周后，Dogecoin（Doge）正在以关键需求水平进行交易，这使Bears将Meme硬币降低了30％以上。自1月中旬以来，更广泛的加密货币市场一直在持续延长更正，但模因硬币受到影响最大。

As the leading meme coin, Dogecoin has experienced extreme volatility, testing lower support as investor sentiment remains bearish. However, Glassnode's on-chain metrics indicate that long-term Dogecoin holders are in “denial,” highlighting growing uncertainty among those who have held the coin for extended periods.

作为领先的模因硬币，Dogecoin经历了极端的波动性，随着投资者的情绪仍然看跌，测试了较低的支持。但是，GlassNode的链链指标表明，长期的Dogecoin持有者处于“否认”中，这强调了那些长期持有硬币的人的不确定性日益严重。

On-chain data: Long-term Dogecoin holders in ‘denial’ as DOGE faces crucial support

链上数据：“否认”的长期狗狗持有人，而Doge面对重要的支持

Glassnode's analysis of the Long-Term Holder Net Unrealized Profit/Loss (NUPL) indicator for Dogecoin shows a declining trend. This signifies that many long-term holders are now seeing diminishing unrealized profits or even slipping into losses.

GlassNode对Dogecoin的长期持有人净未实现的盈利/损失（NUPL）指标的分析显示出趋势下降。这表明许多长期持有人现在看到未实现的利润减少，甚至陷入损失。

The NUPL indicator, which tracks the difference between realized and unrealized profit/loss for long-term holders, has been a valuable tool for gauging the overall health and exuberance of an asset. When the NUPL is high, it suggests that investors are largely in profit and optimistic about the asset's future performance. Conversely, a low NUPL reading indicates that more investors are experiencing unrealized losses, which can correlate with bearish sentiment and potential selling pressure.

NUPL指标跟踪长期持有人的实现和未实现的盈利/损失之间的差异，它是衡量资产整体健康和繁荣的宝贵工具。当NUPL很高时，它表明投资者在很大程度上对资产的未来绩效感到乐观。相反，NUPL较低的阅读表明，越来越多的投资者正在经历未实现的损失，这可能与看跌的情绪和潜在的销售压力相关。

As the NUPL slips further into negative territory, it suggests that long-term Dogecoin investors are becoming increasingly pessimistic and may be more inclined to sell if the market conditions don't improve. Despite the meme coin sector being hit particularly hard in recent times, on-chain data suggests that there might still be potential for a rebound.

随着NUPL进一步滑入负面的领域，这表明长期的Dogecoin投资者变得越来越悲观，如果市场条件没有改善，可能会更倾向于出售。尽管最近的模因硬币部门最近受到了巨大的打击，但链上的数据表明，可能仍然有可能进行反弹。

Crucial week for Dogecoin recovery

狗狗恢复至关重要的一周

The coming days will be crucial in determining whether bulls can manage to push for recovery from current levels or if sellers will continue to exert pressure, pushing the meme coin into deeper correction territory. Bitcoin and the broader market are setting fresh lows, and this week will be pivotal for bulls to defend key demand at these levels.

接下来的日子对于确定公牛是否可以设法从当前水平恢复，还是卖方继续施加压力，将模因硬币推向更深的校正领域至关重要。比特币和更广泛的市场正在设定新鲜的低点，本周对于公牛捍卫这些水平的关键需求将是关键的。

Dogecoin is trading at $0.21 after a sharp 19% drop since Monday, continuing its downward trajectory amid broader market weakness. The meme coin sector has been one of the hardest hit in recent weeks, with Dogecoin struggling to find strong support as selling pressure remains dominant.

自周一以来，Dogecoin的交易幅度下降了19％，在0.21美元的交易中，由于市场疲软，其下降轨迹继续下降。模因硬币行业是最近几周受到打击最大的行业之一，因为销售压力仍然占主导地位，Dogecoin努力寻求强烈的支持。