狗狗币在市场崩盘中失势，链上数据暗示未来不确定

在整体市场低迷的情况下，狗狗币 (DOGE) 周二下跌 3.2%。链上指标呈现出喜忧参半的景象，DOGE 自 2024 年 3 月以来首次跌破 0.14 美元。尽管价格下跌，交易量却激增，表明空头和多头之间可能存在战斗。虽然空头头寸目前占据优势，但关键的链上指标表明结果尚未确定。

Dogecoin Plunges Amidst Market-Wide Decline, On-Chain Metrics Paint Mixed Picture

狗狗币在整个市场下跌中暴跌，链上指标描绘出喜忧参半的景象

April 30, 2024 - Dogecoin (DOGE), the popular meme cryptocurrency, has experienced a significant decline in value, mirroring a broader market correction within the cryptocurrency landscape.

2024 年 4 月 30 日 - 流行的模因加密货币狗狗币 (DOGE) 的价值大幅下跌，反映出加密货币领域更广泛的市场调整。

Over the past 24 hours, Dogecoin has witnessed a 3.2% drop, dipping below the crucial $0.14 support level for the first time since March 20, 2024. This price action comes on the heels of a month-long correction within the crypto markets, resulting in a 33% decline in DOGE's value.

在过去 24 小时内，狗狗币下跌了 3.2%，自 2024 年 3 月 20 日以来首次跌破关键的 0.14 美元支撑位。这一价格走势是在加密货币市场进行了长达一个月的调整之后发生的，导致DOGE 的价值下跌了 33%。

On-chain data from IntoTheBlock provides mixed signals regarding Dogecoin's future prospects. One support cluster, represented by the $0.09 – $0.137 price range, holds approximately 6.44 billion DOGE in 232.28K addresses. However, this support level is smaller than a previous support cluster centered around $0.22.

来自 IntoTheBlock 的链上数据提供了有关狗狗币未来前景的混合信号。一个支持集群（以 0.09 美元至 0.137 美元的价格范围为代表）在 232.28K 个地址中持有约 64.4 亿个 DOGE。然而，该支撑位小于之前以 0.22 美元为中心的支撑位。

Dogecoin's price performance continues to align closely with Bitcoin (BTC), the leading cryptocurrency. The high correlation between the two assets resulted in a simultaneous drop below key support levels on Tuesday. Shiba Inu (SHIB), another popular meme cryptocurrency, has also exhibited a strong correlation with DOGE, declining by 12.9% over the past week.

狗狗币的价格表现继续与领先的加密货币比特币（BTC）密切相关。这两种资产之间的高度相关性导致周二同时跌破关键支撑位。另一种流行的 meme 加密货币 Shiba Inu (SHIB) 也表现出与 DOGE 的很强相关性，过去一周下跌了 12.9%。

Battle of the Bears and Bulls

熊与公牛之战

Despite the ongoing bearish trend, DOGE trading volume has surged in both Spot and Derivatives markets, indicating a surge in investor activity. The combined Spot market liquidity stats favor the bulls, with $91 million in buy orders exceeding $78 million in sell orders.

尽管看跌趋势持续，但现货和衍生品市场的 DOGE 交易量均大幅上升，表明投资者活动激增。综合现货市场流动性统计数据有利于多头，买入订单为 9100 万美元，卖出订单为 7800 万美元。

However, key on-chain metrics paint a more nuanced picture. The 'In The Money' metric suggests that 18% of active DOGE addresses are currently profitable, while 21% are experiencing losses. This indicates that the battle between bears and bulls for control of the market remains intense.

然而，关键的链上指标描绘了一幅更加微妙的图景。 “In The Money”指标表明，18% 的活跃 DOGE 地址目前正在盈利，而 21% 正在遭受损失。这表明空头和多头之间争夺市场控制权的斗争仍然激烈。

On-Chain Indicators Swing in Favor of Bears

链上指标向空头倾斜

Examining the seven-day charts for both Spot and Derivatives markets reveals that bears have gained a slight edge, winning 126 to 123 in Spot and mirroring the trend in Derivatives. The overall long versus short ratio now stands at 0.9387, implying a higher number of short positions than long positions.

检查现货和衍生品市场的 7 天图表可以发现，空头获得了轻微优势，现货市场以 126 比 123 获胜，这也反映了衍生品市场的趋势。总体多空比率目前为 0.9387，这意味着空头头寸数量高于多头头寸数量。

Traders on major exchanges such as Binance and OKX, however, remain bullish on DOGE, with long versus short ratios of 4.13 and 4.45, respectively.

然而，Binance 和 OKX 等主要交易所的交易者仍然看好 DOGE，多空比率分别为 4.13 和 4.45。

Critical Support Levels and Price Targets

关键支撑位和价格目标

As of press time, DOGE, the largest Proof of Work (PoW) blockchain aside from Bitcoin, is trading at $0.1369. To maintain stability, DOGE needs to hold above $0.145 on the daily close, which would pave the way for a potential surge towards the $0.20 price target. Conversely, a drop below $0.14 could trigger a retest of the green support cluster below $0.12.

截至发稿时，除比特币之外最大的工作量证明 (PoW) 区块链 DOGE 的交易价格为 0.1369 美元。为了保持稳定，DOGE 需要在每日收盘时保持在 0.145 美元以上，这将为潜在飙升至 0.20 美元的目标价铺平道路。相反，跌破 0.14 美元可能会触发绿色支撑群重新测试至 0.12 美元以下。

Historical Perspective and Community Support

历史视角和社区支持

Dogecoin has struggled to reclaim its $0.20 price target since April 12, 2024. Previous attempts to rally above $0.20 in March failed to sustain beyond three days.

自 2024 年 4 月 12 日以来，狗狗币一直在努力恢复其 0.20 美元的价格目标。3 月份之前曾试图反弹至 0.20 美元以上，但未能维持超过三天。

Despite its recent struggles, Dogecoin's status as a top-10 cryptocurrency by market cap is supported by a large and active community, including popular crypto personalities like Elon Musk. The community's support has been a significant factor in Dogecoin's resilience and potential for future growth.

尽管狗狗币最近处境艰难，但它作为市值排名前十的加密货币的地位得到了庞大而活跃的社区的支持，其中包括埃隆·马斯克(Elon Musk)等流行的加密货币名人。社区的支持是狗狗币的弹性和未来增长潜力的重要因素。