A Large Amount Of Dogecoin Was Last Purchased At $0.36

上次以0.36美元的價格購買了大量狗狗幣

In a new post for X, analyst Ali Martinez has talked about levels that appear significant on the UTXO Realized Price Distribution (URPD) of the memecoin. The “URPD” is an on-chain indicator that tells us how much of an asset’s supply was last purchased at which price levels. The metric determines this cost basis for each token by checking its transaction history to see its last transfer price.

在X的新帖子中，分析師阿里·馬丁內斯（Ali Martinez）談到了在Memecoin的UTXO實現的價格分佈（URPD）中顯著的水平。 “ URPD”是一個鏈上的指標，它告訴我們上次購買的資產供應量是多少。該指標通過檢查其交易歷史記錄以查看其最後轉移價格來確定每個代幣的成本基礎。

As displayed in the above graph, there are no levels immediately nearby to the current price that hold the break-even mark of a significant portion of the supply. The closest level that stands out in the URPD is around $0.21, which hosts the acquisition point of 7.5% of the asset’s supply. For the up direction, there aren’t any notable cost basis centers until all the way to $0.36, where investors last bought about 3.8% of all tokens in existence.

如上圖中所示，目前價格附近沒有任何水平，這些水平佔據了很大一部分供應的分數。在URPD中脫穎而出的最接近的水平約為0.21美元，其收購點是資產供應量的7.5％。對於UP指導，直到$ 0.36，投資者上次購買了存在的所有代幣的3.8％，才有任何顯著的成本基礎中心。

Now, what’s the relevance of these levels to the cryptocurrency? To answer that question, we must first understand investor psychology. To any holder, their cost basis is naturally an important level, so they can be prone to showing some kind of reaction when a retest of it happens.

現在，這些級別與加密貨幣的相關性是什麼？要回答這個問題，我們必須首先了解投資者心理學。對於任何持有人來說，他們的成本基礎自然是一個重要的水平，因此當重新進行重新測試時，它們很容易表現出某種反應。

However, this reaction isn’t significant if only a few investors are showing it. But for retests of levels that host the cost basis of a large amount of holders, the story can be different. The aforementioned levels could be important ones from this perspective.

但是，如果只有少數投資者表現出來，這種反應並不重要。但是，對於擁有大量持有人的成本基礎的重新測試級別，故事可能會有所不同。從這個角度來看，上述水平可能是重要的。

Generally, investors tend to react by buying if the retest is happening from above, granted the mood in the market is bullish. This is because these holders, who were in profit prior to the retest, might be looking at the price decline as just a ‘dip.’

通常，投資者傾向於通過購買是否從上面進行重新測試來做出反應，將市場的情緒視為看漲。這是因為這些持有人在重新測試之前獲得了利潤，可能只是將價格下跌視為“蘸醬”。

On the other hand, the holders who were in loss before the retest may decide to sell their tokens, as they could fear that this might be their last opportunity to exit at their break-even for a while.

另一方面，在重新測試之前失去損失的持有者可能會決定出售其令牌，因為他們可能會擔心這可能是他們最後一次退出的機會，即暫時退出。

As such, major supply walls below the spot price can act as potential support zones, while those above it may prove to be resistance areas. Given that the closest two such levels are at $0.21 and $0.36 for the asset right now, they may be where the coin could be the most probable to encounter strong support and resistance, respectively.

因此，低於現貨價格的主要供應牆可以充當潛在的支撐區，而上面的供應牆可能被證明是電阻區域。鑑於現在最接近的兩個這樣的級別為$ 0.21和0.36美元，因此它們可能是幣最有可能遇到強大的支持和抵抗力的最可能的地方。