There is a strong bearish wave in the market that has seen Dogecoin [DOGE] decline by 9.83% in the past 24 hours. This brings its monthly decline to -36.13%.

在過去的24小時內，市場上有強烈的看跌波浪，使多黴素[Doge]下降了9.83％。這使其每月下降到-36.13％。

A closer analysis of several market metrics suggests that DOGE’s current condition is likely temporary and that a rally could begin soon as sentiment shifts.

對幾個市場指標的仔細分析表明，Doge的當前狀況可能是暫時的，並且一場情緒轉變可能會很快開始。

Massive whale accumulation of DOGE

大量鯨魚積累

There has been significant investor accumulation of DOGE in the last 24 hours, as recorded by Santiment.

如Santiment所記錄的那樣，在過去24小時內，Doge積累了大量投資者。

Whales—addresses controlling a notable supply of an asset, typically between 100 million to 1 billion units—have been actively acquiring DOGE.

鯨魚（通常在1億至10億台之間，都在控制資產的明顯供應 - 已積極收購Doge。

This cohort has accumulated a total of 1.40 billion DOGE over the past 24 hours, highlighting strong demand for the asset. A market rebound could be imminent, especially if DOGE begins to record even minimal gains.

在過去的24小時內，該隊列總共累積了1400億次，突出了對資產的強勁需求。市場反彈可能會迫在眉睫，尤其是如果Doge開始記錄甚至最小的收益。

This bullish sentiment comes at a time when Santiment data shows DOGE has hit its most negative social volume and weighted sentiment in the market—historically a sign of a potential bottom.

這種看漲的情緒是在santiment數據表明Doge在市場上遇到了最負面的社會數量和加權情緒的時候，這是潛在的底層的標誌。

As demand grows and key metrics reach a bottom, DOGE could be poised for a major reversal, with its price trending higher from its current levels.

隨著需求的增長和關鍵指標達到底部，Doge可以預先進行重大逆轉，其價格從目前的水平提高。

Spot buys vs. derivative sells—What’s next?

Spot Buy Buy vs.導數賣 - 接下來是什麼？

In the spot market, traders have been aggressively accumulating DOGE over the past week and in the last 24 hours.

在現貨市場中，在過去的一周和過去24小時內，交易者一直在積極積累的門檻。

In the past day alone, traders have purchased a total of $8.05 million worth of DOGE, with $44.34 million bought over the past week.

僅在過去的一天中，交易者就購買了價值805萬美元的總督，過去一周購買了4,434萬美元。

Rising demand suggests that traders see DOGE’s recent lows as an opportunity and are accumulating ahead of a potential rally.

不斷上升的需求表明，交易者將Doge最近的低點視為機會，並在潛在的集會之前積累。

However, AMBCrypto found that while several metrics indicate bullish sentiment, derivative traders remain bearish. Instead of going long, they are opening short positions, expecting DOGE’s decline to continue.

但是，Ambcrypto發現，儘管幾個指標表明看漲情緒，但衍生品交易者仍然看跌。他們沒有長時間開放，而是在短暫的位置上，預計Doge的衰落會繼續下去。

At the time of writing, the Open Interest Weighted Funding Rate—a metric combining open interest and funding rate to predict market trends—suggesges DOGE could trend even lower.

在撰寫本文時，開放的權益加權融資率（將開放利息和融資率結合在一起以預測市場趨勢），統計資助可能會降低趨勢。

With a negative reading of -0.0077%, this indicates more short positions in the market, with short traders paying a premium to maintain their positions.

由於負讀數為-0.0077％，這表明在市場上的職位更短，短交易者支付了溢價來維持其頭寸。

Such sentiment could delay DOGE’s potential rally. Until the funding rate shifts to a positive region, DOGE may remain under pressure.

這種情緒可能會延遲Doge的潛在集會。在資金率轉移到正區域之前，門多格可能會保持壓力。

Price movement on the chart

圖表上的價格變動

The broader outlook shows that DOGE has reached a critical support level on the weekly chart, trading close to the $0.142 region. This support level previously acted as a catalyst for DOGE’s rally that began in October 2024.

更廣泛的前景表明，Doge在每週圖表上達到了關鍵的支持水平，交易接近0.142 $。這種支持水平以前是2024年10月開始的Doge集會的催化劑。

If this support holds, DOGE could see a significant recovery, potentially reaching as high as 240%. If market fundamentals remain strong, the rally could unfold even faster.

如果這種支持成立，Doge可能會看到大量恢復，可能達到高達240％。如果市場基本面保持強勁，則集會可能會更快地展開。