Dogecoin [DOGE] has seen major movements in one of its key on-chain metrics, New Addresses. The number has jumped to levels last seen in the previous year.

Dogecoin [Doge]在其关键的链界指标之一，新地址中看到了主要运动。在上一年中，这个数字已跃升至最后一次。

The move is also coming at a time when the price is struggling to reclaim key levels. What signal is the current trend showing?

此举也是在价格努力收回关键水平的时候。当前趋势显示什么信号？

A massive spike in new Dogecoin addresses

新的狗果地址中的巨大尖峰

Dogecoin experienced a significant increase in new wallet addresses, with the latest data from Glassnode showing a surge to nearly 200,000 new addresses in a single day.

Dogecoin的新钱包地址大幅增加，玻璃节的最新数据显示了一天中的潮流飙升至近200,000个新地址。

This is a substantial jump compared to the relatively steady growth seen throughout the past few months.

与过去几个月中相对稳定的增长相比，这是一个巨大的增长。

Source: Glassnode

来源：玻璃节

Historically, such a rise in new addresses signals increased retail interest and potential incoming liquidity.

从历史上看，新地址的这种增加信号增加了零售利息和潜在的流动性。

AMBCrypto’s analysis of the chart showed that the last time there was a similar surge was around November-December in the previous year. The surge at this time was around 1 million.

Ambcrypto对图表的分析表明，上一年11月至12月左右上次发生类似的激增。此时的激增约为100万。

However, whether this will translate into sustained price growth remains uncertain.

但是，这是否会转化为持续的价格增长仍然不确定。

Dogecoin’s price reaction to the surge

多霉素对激增的价格反应

Despite the spike in new addresses, Dogecoin’s price did not display the same level of bullish enthusiasm. DOGE was trading at $0.167 at press time, marking a 2.96% decline in the last 24 hours.

尽管新地址激增，但Dogecoin的价格并未表现出同样的看涨热情。 Doge在发稿时的交易价格为0.167美元，在过去24小时内下降了2.96％。

Source: TradingView

资料来源：TradingView

The 50-day and 200-day moving averages were still above the current price, which showed that DOGE was still in a bearish trend.

50天和200天的移动平均值仍高于当前价格，这表明Doge仍处于看跌趋势。

However, there were signs of accumulation, as shown by the Accumulation/Distribution [A/D] indicator, which was trending upward at press time.

但是，存在积累的迹象，如累积/分布[a/d]指标所示，在发机时呈上升趋势。

What the address growth could mean

地址增长可能意味着什么

The increase in new DOGE addresses sparked speculation about what was driving the trend. As explained by Chainomonitor, a surge in new wallet addresses typically correlated with speculative hype or the anticipation of a major event.

新的门槛地址的增加引发了人们对驱动趋势的猜测。正如Chainomonitor所解释的那样，新钱包中的涌现通常与投机性炒作或重大事件的预期相关。

While some traders viewed this development as a bullish signal, it was crucial to confirm whether these addresses belonged to long-term holders or short-term speculators. If it was the latter, it could lead to price volatility rather than sustainable growth.

尽管一些商人将这一发展视为看涨信号，但要确认这些地址是否属于长期持有人还是短期投机者至关重要。如果是后者，则可能导致价格波动，而不是可持续增长。

Is DOGE preparing for a reversal?

Doge正在准备逆转吗？

Although DOGE’s price struggled to break above resistance levels, the influx of new addresses could indicate upcoming momentum.

尽管Doge的价格难以超过阻力水平，但新地址的涌入可能表明即将到来的势头。

If the buying pressure continued to increase, DOGE may attempt to reclaim the $0.20 level, with further resistance around $0.25. On the downside, failing to sustain the recent demand could push the price toward $0.15 or lower.

如果购买压力继续增加，Doge可能会试图收回0.20美元的水平，而进一步的阻力约为0.25美元。不利的一面是，未能维持最近的需求可能会将价格推向0.15美元或更低。

The surge in new addresses presented an intriguing development for Dogecoin. While this metric often preceded price action, other indicators suggested that caution was still warranted.

新地址的激增为Dogecoin带来了有趣的发展。尽管该指标经常在价格行动之前进行，但其他指标表明仍然需要谨慎。

Traders should watch for confirmation in volume and price trends before assuming a breakout was imminent. If the momentum held, it seemed like DOGE was gearing up for a much-needed reversal.

在假设即将发生突破之前，交易者应注意数量和价格趋势的确认。如果势头持续下去，似乎Doge正在为急需的逆转做好准备。