Dogecoin (CRYPTO: DOGE) has fallen over 70% in the past 3 months.

在過去的3個月中，Dogecoin（加密：Doge）下跌了70％以上。

After pummeling new lows of $0.10 in mid-March, the meme coin has since recovered slightly to trade around the $0.17 level at the time of writing.

在3月中旬的新低年度為0.10美元的新低點之後，Meme Coin此後稍微恢復了額外的交易，以在寫作時的0.17級左右。

Despite the beatdown, one class of investors appears to be betting on the meme coin to get back up soon.

儘管遭到毆打，但一類投資者似乎正在押注Meme Coin，以盡快恢復。

Dogecoin Whales On A Buying Spree

大狂歡的狗鯨鯨

According to prominent crypto analyst Ali Martinez, Dogecoin whales are “betting on a breakout.”

根據著名的加密分析師阿里·馬丁內斯（Ali Martinez）的說法，狗狗鯨正在“押注突破”。

Specifically, these investors with holdings between 1 million DOGE and 10 million DOGE have added 110 million DOGE worth $18.5 million at current prices to their holdings in the past week, per Santiment Feed data.

具體來說，這些擁有100萬個門檻和1000萬個門檻的投資者在過去一周的持股中增加了1.1億美元，價值1,850萬美元，在過去的一周中，根據santiment feed數據。

These purchases follow 1.4 billion DOGE ($224 million) and $1.7 billion (DOGE) buys made last week.

這些購買是在上週進行的14億輛Doge（2.24億美元）和17億美元（Doge）購買的。

As Martinez highlighted, these purchases suggest that the whales are betting on a price rebound from the recent lows.

正如馬丁內斯（Martinez）所強調的那樣，這些購買表明，鯨魚從最近的低谷中押注了價格反彈。

Moreover, this whale buying is a bullish sign that hints at market accumulation.

此外，這種鯨魚購買是一個看漲的信號，表明市場積累。

"While the price action might be grabbing attention, it's the persistent buying pressure from Dogecoin whales that's truly noteworthy," Martinez added.

馬丁內斯補充說：“雖然價格動作可能引起人們的注意，但確實值得注意的是，這是從狗狗鯨鯨魚那裡的持續購買壓力。”

The recent on-chain signals follow a period of inactivity in the Dogecoin network, which may be changing.

最近的鏈信號遵循Dogecoin網絡中的​​不活動時期，可能正在改變。

A 'Buzzing' Network

一個“嗡嗡聲”網絡

On Wednesday, March 19, Martinez asserted that the Dogecoin network was "buzzing."

3月19日，星期三，馬丁內斯（Martinez）斷言，狗狗網絡“嗡嗡作響”。

Highlighting new data from Santiment, the analyst pointed out that the number of active network addresses had spiked.

分析師強調了來自Santiment的新數據，指出活動網絡地址的數量已經飆升。

This metric jumped over 76% from an average of 160,000 active addresses last week to 282,500 active addresses on Monday, March 17.

該指標上周平均有160,000個活動地址躍升了76％以上，3月17日星期一的282,500個活動地址。

A rise in active addresses is typically seen as bullish as it suggests growing network interest, which can translate to increased demand for the native asset.

通常認為，主動地址的上升是看漲的，因為它表明網絡興趣不斷增長，這可以轉化為對本地資產的需求增加。

Amid these positive on-chain signals, Martinez has suggested that a rebound could take the doggy-themed meme coin to a new all-time high at the $2 price point. The analyst made this call citing an ascending channel on the weekly candlestick chart.

在這些積極的鏈上信號中，馬丁內斯建議籃板可以將以狗狗為主題的模因硬幣達到新的歷史最高點，價格為2美元。分析師曾在每週的燭台圖表上引用一個登上頻道。

In the meantime, however, DOGE continues to idle alongside the broader crypto market, trading at $0.1677, down a negligible 0.29% on the day. The muted price action is likely the result of traders sitting on the fence while they await the Federal Reserve's interest rate decision, which is expected later today.

然而，與此同時，Doge繼續與更廣泛的加密貨幣市場閒置，交易價格為0.1677美元，當天降低了0.29％。靜音價格行動可能是交易員在等待美聯儲的利率決定時坐在柵欄上的結果，這是今天晚些時候的。