Since recovering to hit a local high of $0.16 on the charts, Dogecoin [DOGE] has struggled to maintain any upward momentum on the charts.

自從康復以達到圖表上的$ 0.16的本地高點以來，Dogecoin [Doge]一直在努力維持圖表上的任何向上勢頭。

In fact, over the last 48 hours alone, the memecoin dropped from $0.16 to a local low of $0.157. At the time of writing, Dogecoin was trading at $0.159 after a 2.71% 24-hour decline.

實際上，僅在過去的48小時內，Memecoin從0.16美元下降到當地低點0.157美元。在撰寫本文時，Dogecoin的交易價格為2.71％24小時後的交易價格為0.159美元。

These struggles on Dogecoin’s price charts have created a buying window, especially for large entities. Hence, whales have entered the market over the past 2 days to aggressively accumulate the memecoin.

這些在Dogecoin價格表上的鬥爭創造了一個購買窗口，尤其是對於大型實體。因此，在過去的兩天中，鯨魚進入了市場，積累了紀念因素。

According to Ali Martinez’s analysis of Santiment, Dogecoin whales have bought more than 800 million DOGE tokens in just 24 hours.

根據阿里·馬丁內斯（Ali Martinez）對Santiment的分析，Dogecoin鯨魚在短短24小時內就購買了超過8億個Doge代幣。

Often, a hike in accumulation by whales is seen as a bullish signal. When whales turn to accumulating, it reflects strong confidence in the market. What this means is that whales are viewing the current rates as affordable enough to take a position, before DOGE becomes more expensive.

通常，鯨魚積聚的徒步旅行被視為看漲信號。當鯨魚轉向積累時，它反映了對市場的強烈信心。這意味著鯨魚正在將當前的價格視為負擔得起的，在Doge變得更加昂貴之前。

Usually, whale buying activity incentivizes other market players, especially retailers, to also buy.

通常，鯨魚購買活動會激勵其他市場參與者，尤其是零售商也可以購買。

For instance, a look at Dogecoin’s spot netflows indicated that even other participants are now buying the memecoin. Its spot netflows have remained negative over the past 10 days – A sign of higher buying activity.

例如，查看Dogecoin的現貨Netfrows表明，即使其他參與者也正在購買Memecoin。在過去的10天中，其現貨Netflows仍然是負面的，這是購買活動較高的跡象。

Additionally, Dogecoin’s Futures sell volume declined over the past week from $3.43 billion to $238.4 million. A fall in Futures sell volume implies that fewer investors are placing aggressive sell orders.

此外，在過去一周的34.3億美元下降到2.384億美元，Dogecoin的期貨銷售量下降了。期貨銷售量下跌意味著，投資者下達積極的賣出訂單。

This means that short sellers are exiting the market, reflecting a loss of confidence in the likelihood of more downside. Historically, a fall in selling pressure has preceded higher prices on the charts.

這意味著賣空者正在退出市場，反映出對更多缺點可能性的信心喪失。從歷史上看，銷售壓力的下降在圖表上的價格更高。

What next for the memecoin?

Memecoin的下一步是什麼？

Although Dogecoin is seeing aggressive buying from large holders, the downward momentum is still strong.

儘管Dogecoin從大型持有人那裡獲得了積極的購買，但下降勢頭仍然很強。

We can see this downward momentum, especially after the recent bearish crossover. Over the past 24 hours, Dogecoin’s Stoch RSI made a bearish crossover with the Signal line – Hitting a high of 86.9.

我們可以看到這種向下的動力，尤其是在最近的看跌跨界之後。在過去的24小時內，Dogecoin的Stoch RSI與信號線進行了看跌的交叉 - 高達86.9。

This crossover suggested that DOGE has been experiencing strong downward pressure and hence, could see its downtrend continue.

這種跨界表明，多奇一直在經歷強大的向下壓力，因此，它的下降趨勢仍在繼續。

Therefore, although buyers may be back in the market, DOGE could drop before another leg up.

因此，儘管買家可能回到市場上，但Doge可能會在另一支腳之前下降。

Thus, if the downtrend continues, the memecoin could drop to $0.156 before attempting another upward move. However, with buyers returning to the market, if their input starts to reflect, Dogecoin could make a strong upswing move to $0.170.

因此，如果下降趨勢繼續下去，Memecoin可能會降至0.156美元，然後再嘗試向上移動。但是，隨著買家返回市場，如果他們的投入開始反映出，Dogecoin可能會強勁上升到0.170美元。