Dogecoin’s [DOGE] price dropped from $0.431 to $0.171, yet the address activity skyrocketed to 395K from late February through early March.

Dogecoin的[Doge]价格从2月下旬至3月初飙升至395K，地址活动飙升至395K。

This combination of rising active addresses with falling prices demonstrated special market behaviors in motion.

这种上升的主动地址与价格下跌的结合表明，运动中的特殊市场行为。

Such an increase showed that investors were building up their positions at cheap prices to anticipate its upcoming recovery.

这样的增长表明，投资者正在以廉价的价格建立自己的头寸，以预测其即将进行的康复。

Network traffic increased remarkably when active addresses reached 395K while beginning at 97K. Secondly, social connections within communities contributed to the spike.

当主动地址从97K开始时，网络流量显着增加。其次，社区内部的社会联系促成了尖峰。

Source: Santiment

资料来源：santiment

Regular social media buzz and events have driven transaction activity within the Dogecoin network. Additionally, fund movements by large holders likely boosted address activity levels but did not influence DOGE’s price.

常规的社交媒体嗡嗡声和事件导致了Dogecoin网络中的​​交易活动。此外，大型持有人的资金转移可能会提高地址活动水平，但并不影响Doge的价格。

The disconnect between network activity and price suggests that network usage is not always linked to market value. For instance, on the 14 of March 2025, active addresses dropped to 55K, while the price stood at $0.171.

网络活动和价格之间的断开连接表明，网络使用并不总是与市场价值有关。例如，在2025年3月14日，活动地址下降到55,000，而价格为0.171美元。

Overall, cumulative activity, community support, and whale fund movements seem to be the primary factors behind the increase in activity, even as prices declined.

总体而言，即使价格下降，累积活动，社区支持和鲸鱼基金的运动似乎是活动增加的主要因素。

What DOGE’s weekly price action suggests…

Doge的每周价格行动暗示什么……

Analyzing the price action of DOGE, an upward-trending dragonfly doji pattern appeared on the weekly time frame, as it did during 2017.

分析Doge的价格动作，就像2017年期间一样，每周的时间范围内出现了向上趋势的蜻蜓Doji模式。

The $0.0006 price rate before 2017 became the starting point for a price jump up to $0.01 delivering high profits.

2017年之前的0.0006美元价格成为价格上涨到0.01美元的起点，可提供高利润。

At the time of writing, the price level at $0.171 showed potential for a reversal that may drive DOGE to reach $0.431 or exceed it, like the 2017 market momentum.

在撰写本文时，价格水平为0.171美元，显示出可能会驱动Doge的逆转可能达到0.431美元或超过它，例如2017年市场势头。

Source: Trading View

资料来源：交易视图

However, the converse is possible. The 2017 price increase took place over extended accumulation phases, whereas the current decline since $0.431 did not reach comparable depths.

但是，相反是可能的。 2017年的价格上涨是在延长的积累阶段进行的，而目前的下降由于0.431美元没有达到可比的深度。

Additional selling could result in the Dogecoin price reaching $0.1. Although a rebound appears possible, it does not reduce the existing threat of further price reduction.

额外的销售可能会导致Dogecoin价格达到0.1美元。尽管似乎有可能反弹，但并不能减少现有的进一步降低价格的威胁。

Moreover, current DOGE crowd sentiment stood at -0.31 indicating a slightly bearish mood which was close to being neutral. The Smart Money held a narrow positive reading of 0.02 suggesting mixed feelings.

此外，目前的Doge人群情绪为-0.31，表明略微看跌的情绪接近中立。聪明的钱具有0.02的狭procional读物，暗示着混合的感觉。

Wholesome negative sentiment from the crowd base indicated current market undervaluation and pointed toward a possible market shift.

人群中的有益健康的负面情绪表明当前市场低估了，并指出了可能的市场转变。

Source: Market Prophit

资料来源：市场先知

Smart money’s neutral stance showed no strong selling pressure. A reversal might begin from $0.171 with the appearance of a dragonfly doji and lead to $0.431 price.

Smart Money的中性立场没有强烈的销售压力。逆转可能从$ 0.171开始，出现了蜻蜓Doji，并导致0.431美元的价格。

The current low sentiment values bring caution since additional bearish trends could push the price down to $0.1.

当前的低情感价值引起了谨慎，因为其他看跌趋势可能会将价格降低到0.1美元。