Dogecoin (DOGE) is still encountering strong selling pressure as whales continue to dump huge volumes of the meme token, increasing urgency for critical support to hold.

Dogecoin（Doge）仍在遇到巨大的銷售壓力，因為鯨魚繼續傾倒大量的模因令牌，這增加了持續支持的緊迫性。

For the past week, crypto analyst Ali Martinez has noted that Dogecoin whales have sold around 570 million DOGE tokens.

在過去的一周中，加密分析師阿里·馬丁內斯（Ali Martinez）指出，狗狗鯨已經售出了約5.7億個馬諾格代幣。

This wholesale sell-off has created massive oversupply in the market, putting more pressure on the token to decrease.

這種批發拋售在市場上造成了巨大的過度供應，給令牌造成了更大的壓力以減少。

Chart: Ali Martinez

圖表：阿里·馬丁內斯（Ali Martinez）

The decline in whale activity also indicates weakening confidence from big investors in the cryptocurrency, which is a bearish sign for current holders.

鯨魚活動的下降還表明，大型投資者對加密貨幣的信心減弱，這是當前持有人的看跌信號。

Dogecoin is presently trading hands at $0.1604, down 1% for the day.

Dogecoin目前以0.1604美元的價格交易，當天下降了1％。

Furthermore, trading volume has dropped 25%, and traders' sentiment is turning increasingly bearish as technical indicators signal more downfall.

此外，交易量下降了25％，隨著技術指標的降低，交易者的情緒越來越看跌。

At the moment, DOGE is technically below its 50-day ($0.182) and 200-day ($0.224) Exponential Moving Averages (EMAs). A bearish crossover between the EMAs has also been created, which may mean further price downfall.

目前，Doge從技術上低於其50天（$ 0.182）和200天（$ 0.224）的指數移動平均值（EMAS）。還創建了EMAS之間的看跌交叉，這可能意味著進一步的價格下跌。

Recently, the Libdogecoin v0.1.4 update brought improvements in security, performance, and blockchain development tools to better make the network more robust and developer-friendly.

最近，LibDogeCoin v0.1.4更新帶來了安全性，性能和區塊鏈開發工具的改進，以更好地使網絡更加穩健和開發人員友好。

The 200-day EMA on the weekly timeframe at $0.142 acts as a strong support level. If DOGE manages to rebound from here and reclaim the 50-day EMA, a bullish rally could follow. However, if this support breaks, further downside is likely.

每週時間限額為200美元的200天EMA $ 0.142是一個強大的支持水平。如果Doge設法從這裡反彈並收回了50天的EMA，則可能隨後舉行一次集會。但是，如果這種支持破裂，可能會進一步的缺點。

The post Dogecoin: Whales Offload 570M DOGE As Selling Pressure Mounts; Can DOGE Bounce Back? appeared first on Benzinga.

郵政狗幣：鯨魚卸貨為570億美元，作為銷售壓力支架； Doge可以反彈嗎？首先出現在本辛加。