Dogecoin (CRYPTO: DOGE) dropped to $0.2200 on Tuesday, continuing a weak trend this week as risk-off sentiment affected the crypto and stock markets.

Dogecoin（Crypto：Doge）週二下跌至0.2200美元，隨著風險情緒影響加密和股票市場的趨勢，本週趨勢較弱。

This decline, however, could be a calm before the storm ahead of an eventual rebound. Here’s a breakdown of what analysts observed.

然而，在最終反彈之前的暴風雨前，這種下降可能是一種平靜。這是分析師觀察到的內容的細分。

What Happened: One of the top leading indicators in crypto fundamental analysis is whale activity. Whales, or large investors, are often seen as being more sophisticated and experienced players in the crypto market.

發生的事情是：加密基本分析中的主要主要指標之一是鯨魚活動。鯨魚或大型投資者通常被視為在加密貨幣市場上更加精緻，經驗豐富。

For the most part, whales tend to prefer accumulating an asset when they expect it to bounce back and short an asset when they see it falling.

在大多數情況下，當鯨魚期望回彈時，當他們看到資產下降時，鯨魚傾向於積累資產。

Data shows that Dogecoin whales have started accumulating the coin. Santiment data reveals that addresses with between 1 million and 10 million DOGE coins now hold 10.56 billion coins, compared to 10.48 billion on May 10.

數據表明，狗狗鯨已經開始積聚硬幣。 Santiment數據顯示，目前有100萬至1000萬個喬治硬幣在1000萬至1000萬枚硬幣之間，而5月10日為104.8億美元。

Similarly, addresses holding between 100 million and 1 billion tokens now hold 25.86 billion coins, compared to 25.53 billion earlier this month.

同樣，現在持有1億到10億個令牌的地址現在持有258.6億硬幣，而本月早些時候為255.3億。

Dogecoin price action also formed a bullish flag pattern, which is a continuation pattern that signals more gains to come. The pattern is made up of a vertical line and then a consolidation that resembles a flag being hoisted.

Dogecoin價格動作還形成了看漲的旗幟模式，這是一種延續模式，標誌著未來的收益更多。該圖案由垂直線組成，然後是類似於吊頂的標誌的合併。

The pattern often leads to a breakout.

該模式通常會導致突破。

The daily chart shows Dogecoin price reached a high of $0.2600 last week and then began a move lower to $0.2200 on Tuesday.

每日圖表顯示，Dodecoin的價格上周達到0.2600美元，然後在周二開始下跌至0.2200美元。

Dogecoin price also moved above the 50-day and 100-day Exponential Moving Averages, a technical indicator that could indicate more gains to come.

Dogecoin價格還超過了50天和100天的指數移動平均值，這是一種技術指標，可以表明未來的收益更多。

"The coin will likely break out and then hit the November 2024 high of $0.4820, up 120% from the current level," one analyst said.

一位分析師說：“硬幣可能會爆發，然後在2024年11月的0.4820上市，比當前水平增長120％。”

Dogecoin Price Action: Dogecoin has dropped 10.74% in the past seven days and fell 2.03% over the past 24 hours at press time.

Dogecoin的價格動作：在過去的七天中，Dogecoin在過去24小時內下降了10.74％，在發稿時下降了2.03％。

What Next: The weekly chart also points to more Dogecoin price gains as it has formed a giant megaphone pattern. The pattern is made up of two ascending and diverging trendlines.

下一步：每週圖表還指出了更多的狗狗價格上漲，因為它已經形成了巨大的擴音器模式。該模式由兩個上升和分歧的趨勢線組成。

In this case, the lower line connects the lows of the swing since January 2022 and the upper one links the highs since January 2023.

在這種情況下，下線以自2022年1月以來連接鞦韆的低點，而上線則是自2023年1月以來的高點。

The pattern also usually leads to more gains. If this happens, the first point to watch will be at $0.4820. A move above that level could signal more upside, potentially to the psychological point at $1.

該模式通常還會帶來更多的收益。如果發生這種情況，則第一個觀看點為0.4820美元。超過該水平的移動可能會更高的上升空間，這可能是1美元的心理點。