Despite its high ranking as the world’s premier meme coin, Dogecoin (DOGE) has been struggling in the 2025 cryptocurrency market, with the latest trend demonstrating a massive whale exodus.

儘管Dogecoin（Doge）在全球首要的模因硬幣中排名很高，但仍在2025年的加密貨幣市場中掙扎，最新趨勢表明鯨魚出埃及記。

Specifically, large Dogecoin holders dumped a massive 570 million DOGE, worth approximately $88.8 million at press time, within a single week, as the prominent on-chain analyst Ali Martinez revealed in an April 18 X post.

具體來說，大型狗幣持有人在一周內傾倒了一座巨大的5.7億輛衛生，在發稿時價值約8,880萬美元，正如這位著名的鍊子分析師阿里·馬丁內斯（Ali Martinez）在4月18日x帖子中透露的那樣。

Large #Dogecoin $DOGE holders have sold over 570 million DOGE in the past week!

大型#DogeCoin $ DOGE持有者在過去一周中售出了超過5.7億多輛！

As the chart shows, the selling began on April 10 with a large volume of 342 million DOGE being sold at an average price of 0.1538.

如圖所示，銷售始於4月10日，大量的3.42億門牌的平均價格為0.1538。

The selling continued throughout the week, and by April 13, another 228 million DOGE had been sold at an average price of 0.1574.

整個星期的銷售繼續進行，到4月13日，又有2.28億托馬斯的平均價格為0.1574。

As of April 17, the selling seems to have slowed down, with only 55 million DOGE being sold at an average price of 0.1548.

截至4月17日，銷售似乎已經放慢腳步，只有5500萬個門檻以0.1548的平均價格出售。

It will be interesting to see if this trend continues in the coming days. ✍️

有趣的是，這種趨勢是否在未來幾天繼續進行。 ✍️

— Ali Martinez (@ali_chart) April 18, 2025

- 阿里·馬丁內斯（@ali_chart）2025年4月18日

Considering the extensive selling and the fact that Dogecoin is, with its press time price of $0.15586, 50.70% down in the year-to-date (YTD) chart, with the recent trends being, at best, of stagnation, the question of where the meme coin is headed is more than open.

考慮到大量的銷售以及Dogecoin的新聞時間價格為0.15586美元，在年至今（YTD）圖表中降低了50.70％，最近的趨勢充其量是停滯，Meme Coin的何處是開放的。

Technical analysis insights into Dogecoin’s next move

技術分析洞察Dogecoin的下一步行動

The basic technical analysis (TA) indicators are, unfortunately, inconclusive for hopeful DOGE traders. The relative strength index (RSI), for example, reveals that the cryptocurrency is in a neutral position with a reading of 44.33.

不幸的是，對於充滿希望的總督交易者而言，基本的技術分析（TA）指標尚無定論。例如，相對強度指數（RSI）表明，加密貨幣處於中性位置，讀數為44.33。

Similarly, the meme coin is roughly equidistant from both its nearest support level at $0.153 and its nearest resistance level at $0.159, though both levels indicate where investors might anticipate a breakout.

同樣，模因硬幣大致與最接近的支撐級別（$ 0.153）和最接近的電阻水平（0.159美元）等距，儘管這兩個水平都表明投資者可能會在哪裡預期突破。

Does community optimism hint at a bearish breakout for DOGE?

社區的樂觀情緒是否暗示了Doge的看跌？

Elsewhere, recent community analyses Finbold retrieved from the TradingView trader network paint a more bearish picture. Earlier in April, multiple members noted that Dogecoin is bouncing off a supply zone, indicating it could enjoy a bullish breakout.

在其他地方，最近的社區分析了Finbold從TradingView Trader Network中檢索到的，描繪了更為看跌的圖片。 4月初，多名成員指出，多黴素正在彈跳供應區，表明它可以享受看漲的突破。

Despite this, DOGE had, by press time on April 18, fallen slightly below its launchpad levels above $0.157, and the more long-term charts demonstrate that the cryptocurrency’s stability has been only ephemeral since the start of 2025.

儘管如此，在4月18日發稿時，Doge略低於其發射板的水平略高於0.157美元，而長期的圖表表明，自2025年初以來，加密貨幣的穩定性僅是短暫的。

If the recent patterns remain strong, Dogecoin can be expected to drop below $0.15, with the trend pushing it toward $0.14. Still, if it retains stability at its current levels, there is a strong possibility it may soar once again towards $0.17.

如果最近的模式保持強勁，則可以預計Dogecoin將下跌至0.15美元以下，趨勢將其推向0.14美元。儘管如此，如果它保留了目前的穩定性，則很有可能再次飆升至0.17美元。