Dogecoin (DOGE) is back in the spotlight with a recent rally, but what's driving this surge and what are the long-term holders doing? Let's dive into the details.

Dogecoin（Doge）在最近的一次集會中重新成為人們的焦點，但是什麼驅動了這一激增，長期持有人在做什麼？讓我們研究細節。

DOGE's Price Surge: A Quick Overview

Doge的價格上漲：快速概述

Dogecoin has been making headlines with its price movements. Recently, DOGE saw a 12% surge in 24 hours, hitting $0.2724. This rally is part of a broader resurgence in the meme coin market, which has seen its total market capitalization climb to an impressive $85.28 billion. Over the past week, DOGE has surged by 32%, trading around $0.2743.

Dogecoin一直以其價格變動成為頭條新聞。最近，Doge在24小時內漲幅12％，達到0.2724美元。這集會是模因硬幣市場的更廣泛復興的一部分，該市場的總市值攀升至852.8億美元。在過去的一周中，Doge飆升了32％，交易約為0.2743美元。

Long-Term Holders: Selling or HODLing?

長期持有人：銷售還是hodling？

On-chain data reveals an interesting trend. The Liveliness metric, which measures the movement of long-held tokens, has increased. This suggests that long-term holders (LTHs) are actively moving or selling their holdings. According to Glassnode, DOGE’s Liveliness closed at 0.706 on July 20, marking a 0.14% increase since July 13. Typically, a rise in Liveliness indicates that dormant tokens are being moved or sold, often signaling profit-taking.

鏈上數據揭示了一個有趣的趨勢。衡量長期代幣運動的活潑度量已經增加。這表明長期持有人（LTHS）正在積極移動或出售其持股。根據GlassNode的說法，Doge的活潑性在7月20日關閉，自7月13日以來增長了0.14％。通常，生計的增長表明，休眠代幣正在被移動或出售，通常表明利潤獲利。

Paper Hands Driving the Rally?

紙駕駛拉力賽？

Despite the selling pressure from long-term holders, DOGE’s price remains resilient. This suggests that short-term holders, or “paper hands,” are driving the current rally. The Aroon Up indicator, currently at 100%, supports this bullish momentum, indicating that DOGE is consistently hitting new highs.

儘管長期持有人的銷售壓力，但Doge的價格仍然有彈性。這表明短期持有人或“紙船”正在推動當前的集會。目前為100％的Aroon Up指標支持這種看漲的勢頭，表明Doge一直在擊中新的高點。

Technical Analysis: What the Charts Say

技術分析：圖表怎麼說

DOGE’s rally has formed an ascending parallel channel on the daily chart, indicating a strong uptrend. If buy-side pressure continues, DOGE could break above $0.28 and potentially reach $0.33. However, a drop in demand could see its value slip to $0.23.

Doge的集會在每日圖表上形成了一個上升的並行通道，表明上升趨勢很大。如果購買端壓力持續，Doge可能會突破0.28美元，並可能達到0.33美元。但是，需求的下降可能會使其價值滑倒至0.23美元。

The Rise of Pepeto

Pepeto的興起

While Dogecoin competes with other meme coins, Pepeto is emerging as a notable contender. Pepeto aims to provide a platform for meme coins to grow, even creating its own exchange for meme coins with zero listing fees and smart swapping.

儘管Dogecoin與其他模因硬幣競爭，但Pepeto卻成為著名的競爭者。 Pepeto的目的是為Meme硬幣提供一個平台，甚至為Meme Coins創造自身的交換，以零上市費用和智能交換。

Future Outlook: DOGE vs. Pepeto

未來前景：Doge vs. Pepeto

Looking ahead, the next major accumulation zone for DOGE is near $0.36. Data suggests fewer obstacles or sell-offs are expected between $0.21 and $0.36. Meanwhile, Pepeto is gaining traction with its unique approach and community-first focus.

展望未來，門多格的下一個主要積累區接近$ 0.36。數據表明，預計障礙或拋售量更少，預計在0.21美元至0.36美元之間。同時，Pepeto以其獨特的方法和社區優先的重點而受到關注。

Final Thoughts: To the Moon?

最終想法：月球？

Dogecoin's rally is an interesting mix of long-term holders taking profits and new investors jumping in. Whether DOGE can sustain this momentum remains to be seen, especially with contenders like Pepeto entering the scene. Keep an eye on those charts and maybe, just maybe, we'll see DOGE (or Pepeto) moon!

Dogecoin的集會是長期持有人帶來利潤和新的投資者跳入的有趣組合。密切關注這些圖表，也許，也許我們會看到Doge（或Pepeto）月亮！