Dogecoin [DOGE] has seen major movements in one of its key on-chain metrics, New Addresses. The number has jumped to levels last seen in the previous year.

Dogecoin [Doge]在其關鍵的鏈界指標之一，新地址中看到了主要運動。在上一年中，這個數字已躍升至最後一次。

The move is also coming at a time when the price is struggling to reclaim key levels. What signal is the current trend showing?

此舉也是在價格努力收回關鍵水平的時候。當前趨勢顯示什麼信號？

A massive spike in new Dogecoin addresses

新的狗果地址中的巨大尖峰

Dogecoin experienced a significant increase in new wallet addresses, with the latest data from Glassnode showing a surge to nearly 200,000 new addresses in a single day.

Dogecoin的新錢包地址大幅增加，玻璃節的最新數據顯示了一天中的潮流飆升至近200,000個新地址。

This is a substantial jump compared to the relatively steady growth seen throughout the past few months.

與過去幾個月中相對穩定的增長相比，這是一個巨大的增長。

Source: Glassnode

來源：玻璃節

Historically, such a rise in new addresses signals increased retail interest and potential incoming liquidity.

從歷史上看，新地址的這種增加信號增加了零售利息和潛在的流動性。

AMBCrypto’s analysis of the chart showed that the last time there was a similar surge was around November-December in the previous year. The surge at this time was around 1 million.

Ambcrypto對圖表的分析表明，上一年11月至12月左右上次發生類似的激增。此時的激增約為100萬。

However, whether this will translate into sustained price growth remains uncertain.

但是，這是否會轉化為持續的價格增長仍然不確定。

Dogecoin’s price reaction to the surge

多黴素對激增的價格反應

Despite the spike in new addresses, Dogecoin’s price did not display the same level of bullish enthusiasm. DOGE was trading at $0.167 at press time, marking a 2.96% decline in the last 24 hours.

儘管新地址激增，但Dogecoin的價格並未表現出同樣的看漲熱情。 Doge在發稿時的交易價格為0.167美元，在過去24小時內下降了2.96％。

Source: TradingView

資料來源：TradingView

The 50-day and 200-day moving averages were still above the current price, which showed that DOGE was still in a bearish trend.

50天和200天的移動平均值仍高於當前價格，這表明Doge仍處於看跌趨勢。

However, there were signs of accumulation, as shown by the Accumulation/Distribution [A/D] indicator, which was trending upward at press time.

但是，存在積累的跡象，如累積/分佈[a/d]指標所示，在發機時呈上升趨勢。

What the address growth could mean

地址增長可能意味著什麼

The increase in new DOGE addresses sparked speculation about what was driving the trend. As explained by Chainomonitor, a surge in new wallet addresses typically correlated with speculative hype or the anticipation of a major event.

新的門檻地址的增加引發了人們對驅動趨勢的猜測。正如Chainomonitor所解釋的那樣，新錢包中的湧現通常與投機性炒作或重大事件的預期相關。

While some traders viewed this development as a bullish signal, it was crucial to confirm whether these addresses belonged to long-term holders or short-term speculators. If it was the latter, it could lead to price volatility rather than sustainable growth.

儘管一些商人將這一發展視為看漲信號，但要確認這些地址是否屬於長期持有人還是短期投機者至關重要。如果是後者，則可能導致價格波動，而不是可持續增長。

Is DOGE preparing for a reversal?

Doge正在準備逆轉嗎？

Although DOGE’s price struggled to break above resistance levels, the influx of new addresses could indicate upcoming momentum.

儘管Doge的價格難以超過阻力水平，但新地址的湧入可能表明即將到來的勢頭。

If the buying pressure continued to increase, DOGE may attempt to reclaim the $0.20 level, with further resistance around $0.25. On the downside, failing to sustain the recent demand could push the price toward $0.15 or lower.

如果購買壓力繼續增加，Doge可能會試圖收回0.20美元的水平，而進一步的阻力約為0.25美元。不利的一面是，未能維持最近的需求可能會將價格推向0.15美元或更低。

The surge in new addresses presented an intriguing development for Dogecoin. While this metric often preceded price action, other indicators suggested that caution was still warranted.

新地址的激增為Dogecoin帶來了有趣的發展。儘管該指標經常在價格行動之前進行，但其他指標表明仍然需要謹慎。

Traders should watch for confirmation in volume and price trends before assuming a breakout was imminent. If the momentum held, it seemed like DOGE was gearing up for a much-needed reversal.

在假設即將發生突破之前，交易者應注意數量和價格趨勢的確認。如果勢頭持續下去，似乎Doge正在為急需的逆轉做好準備。