Dogecoin (CRYPTO: DOGE) prices have recently entered a consolidation phase after a surge in market activity this month.

Dogecoin（加密：Doge）價格最近在本月市場活動激增後進入了合併階段。

This consolidation comes after President Trump paused tariffs on respective countries on April 9, which influenced a rally in the meme-inspired crypto.

在4月9日對各個國家暫停關稅後，這種合併發生了，這影響了模因啟發的加密貨幣。

Dogecoin began the month with some price fluctuations as it moved through the $0.14 area. By April 13, the price rose to peak at $0.168.

Dogecoin開始了本月，當時價格有所波動，當時它可以通過0.14美元的區域轉移。到4月13日，價格上漲至$ 0.168。

However, since then, the price entered a consolidation phase and began retreating.

但是，從那時起，價格進入了合併階段並開始退縮。

On Monday morning, the price was trading down 3.33% in the past 24 hours at $0.1541. Despite the recent correction, the price is still trading up 7.43% over the past seven days.

週一早上，過去24小時的價格下跌了3.33％，價格為0.1541美元。儘管最近進行了更正，但在過去的七天中，價格仍在上漲7.43％。

Most Binance Traders Are Long on Dogecoin

大多數Binance交易者長期以來狗狗幣

In the midst of the recent correction, data from Coinglass showed that the majority of Binance traders were holding long positions on Dogecoin.

在最近的校正之中，Coinglass的數據表明，大多數二元交易者都在Dogecoin上保持較長的位置。

Specifically, 74.4% of accounts had long and 25.6% had short positions on the cryptocurrency in a four-hour window.

具體來說，有74.4％的帳戶長期存在，而25.6％的帳戶在四小時的窗口中的加密貨幣上的頭寸很短。

The long-to-short account ratio was 2.91, which signals a substantial bullish bias.

遠程帳戶比率為2.91，這標誌著極大的看漲偏見。

The sharp increase in long positions starting on April 12 also highlighted a shift in sentiment as traders were baking for continued upward momentum despite the struggling price.

從4月12日開始，長位置的急劇增長也強調了情緒的轉變，儘管價格艱難，但貿易商仍在繼續向上勢頭烘烤。

The OI-weighted funding rate had also remained positive since April 7, which showed that long traders were paying a premium to maintain their positions.

自4月7日以來，OI加權的籌資率也一直保持陽性，這表明長期交易者正在支付溢價以維持其職位。

This indicated that there were more buyers than sellers in the market recently and that the traders were actively driving the price upward.

這表明最近市場上的買賣雙方更多，而交易者正在積極推動價格上漲。

Dogecoin Long-Term Holders Increase

多黴素長期持有人增加

Meanwhile, long-term holders remained dominant in the Dogecoin market, which supported the bullish narrative.

同時，長期持有人在Dogecoin市場中仍然占主導地位，後者支持看漲的敘述。

According to data from IntoTheBlock, hodlers, or addresses that had held DOGE for over one year, increased by 0.13%. In contrast, cruisers, or holders between one month and one year, decreased by 2.54%.

根據來自Intotheblock，Hodlers的數據，或者持有Doge一年多的地址，增長了0.13％。相比之下，巡洋艦或一個月至一年之間的持有人下降了2.54％。

However, traders who had held for less than one month surged by 109.96%, revealing renewed short-term interest in the cryptocurrency.

但是，持有不到一個月的交易者飆升了109.96％，顯示加密貨幣的短期利息更新了。

Dogecoin Price Action: Chart By TradingView

Dogecoin價格動作：圖表by TradingView

Further positive insight came from FuaCompany, a TradingView account that charted Dogecoin’s movement within a rising channel on a monthly timeframe. This analysis identified two key price behavior scenarios.

進一步的積極見解來自Fuacompany，Fuacompany是一個交易景觀帳戶，該帳戶在每月的時間範圍內繪製了Dogecoin在上升頻道中的運動。該分析確定了兩個關鍵的價格行為方案。

In the first, Dogecoin may rebound from the lower boundary of the channel and continue to form higher highs. Historically, the asset rebounded from $0.05 before rallying toward the upper boundary, showcasing the channel’s potential to support upward moves.

首先，Dogecoin可能會從通道的下邊界反彈，並繼續形成更高的高點。從歷史上看，資產從$ 0.05反彈，然後向上邊界集會，展示了該頻道支持向上移動的潛力。

However, in the second scenario, the price could briefly fall below the channel’s lower bound, reaching levels near $0.08 before initiating recovery. Both scenarios, however, highlight a longer-term projection that suggests the price could eventually approach $0.70.

但是，在第二種情況下，價格可能會短暫地低於該頻道的下限，在啟動恢復之前達到$ 0.08的水平。但是，這兩種情況都突出了一個長期的預測，表明價格最終可能接近0.70美元。

See More: Top 10 Cryptocurrencies To Watch This Week: Bitcoin, Shiba Inu, Dogecoin And Chainlink

查看更多：本週要觀看的十大加密貨幣：比特幣，什巴INU，Dogecoin和Chainlink

This article has been written for informational purposes only and does not constitute investment advice. All investment decisions must be made by individual readers, taking into account their own individual circumstances and consulting with qualified financial advisors. The content and data provided in this article are based on the best available information at the time of writing and may change over time. Realized returns on any cryptocurrency investment may vary and past performance is not necessarily indicative of future results.

本文僅出於信息目的而撰寫，不構成投資建議。所有投資決定必須由個人讀者做出，並考慮自己的個人情況並與合格的財務顧問進行諮詢。本文提供的內容和數據基於寫作時的最佳可用信息，並且可能會隨著時間而變化。實現的任何加密貨幣投資的回報可能會有所不同，過去的績效不一定表明未來的結果。

Photo by Etienne Delar on Unsplash

圖片由Etienne Delar在Unsplash上