The cryptocurrency market has seen a recent shift in favor of altcoins, with a particular focus on Dogecoin (CRYPTO: DOGE). The price of Dogecoin rose more than 24% over 24 hours, continuing a strong performance over the last month.

加密货币市场最近发生了一些有利于Altcoins的转变，特别关注Dogecoin（Crypto：Doge）。在24小时内，Dogecoin的价格上涨了24％以上，在上个月持续了出色的表现。

What Happened: According to CoinMarketCap data, the price of Dogecoin is up 67.17% over 30 days and 46.15% over the last seven days.

发生了什么：根据CoinMarketCap数据，Dogecoin的价格在30天内上涨了67.17％，在过去的7天中上涨了46.15％。

As of the early trading hours of May 11, Dogecoin is trading at $0.2571 with strong momentum, fueled by massive whale accumulation and technical breakouts across multiple timeframes.

截至5月11日早期交易小时，Dogecoin的交易价格为0.2571美元，势头强劲，这是由于大量鲸鱼的积累和多个时间表的技术突破所推动的。

Popular cryptocurrency analyst Ali, known on X (formerly Twitter) as @ali_charts, pointed out that whales have accumulated 600 million Dogecoin in just two days.

流行的加密货币分析师Ali在X（以前称为Twitter）上称为@Ali_Charts的Ali指出，鲸鱼在短短两天内积累了6亿多霉素。

A Santiment chart shared in his post shows a steep accumulation curve, which is being driven by wallets holding between 100 million and 1 billion DOGE.

在他的帖子中分享的一个santiment图显示了一个陡峭的积累曲线，这是由拿着1亿至10亿多名的钱包驱动的。

Whales have bought 600 million #Dogecoin $DOGE in the last 48 hours!

鲸鱼在过去48小时内购买了6亿#DogeCoin $ Doge！

This kind of activity is often a strong leading indicator of institutional or smart-money interest.

这种活动通常是机构或智能货币兴趣的强烈领先指标。

Usually, we see whales accumulating ahead of major price moves and in this case, it aligns closely with the Dogecoin price breakout.

通常，我们看到鲸鱼在主要价格转移之前积累，在这种情况下，它与Dogecoin的价格突破密切相符。

Dogecoin Price Action: The move in the last 24 hours saw the price of Dogecoin surge nearly 25%.

Dogecoin的价格行动：在过去的24小时内，Dogecoin激增的价格接近25％。

The cryptocurrency is now trading at $0.2571 at the time of writing. The price action was fueled by high trading volumes, with CoinMarketCap reporting 24-hour trading volume of $3.47 billion, a 46.80% increase from the previous day.

在撰写本文时，加密货币现在的交易价格为0.2571美元。价格行动是由高交易量推动的，CoinMarketCap报告的24小时交易量为34.7亿美元，比前一天增长了46.80％。

Technical charts are also flashing bullish signals for Dogecoin. The DOGE/USDT pair on Binance pushed from $0.20 to a high of $0.25 in a matter of hours, forming a strong green candle on the 1-day chart.

技术图表还闪烁着狗狗币的看涨信号。 Doge/USDT对Binance的一对在数小时内将$ 0.20升至0.25美元，在1天的图表上形成了强烈的绿色蜡烛。

The parabolic nature of the breakout has led many traders to believe a new bullish cycle may be starting, especially for meme coins.

突破的抛物线性质使许多交易者相信可能正在开始新的看涨周期，尤其是对于模因硬币而言。

Ash Crypto, a crypto trader and analyst, captured the essence of the market's sentiment in his post: "Massive day for crypto! BTC broke $104k and the entire market flipped to 75 Greed. Also, DEFI is starting to heat up and we're seeing some good moves from ADA, LINK, and SOL." He further added, "Historically, the DOGE pump starts the altseason. Let's hope for the same this time!"

加密交易员和分析师Ash Crypto在他的帖子中捕捉了市场情感的本质：“ Crypto！BTC损失了104K $ 104K，整个市场都转移到75 GREED。此外，Defi也开始升温，我们看到了ADA，Link和SOL和SOL和SOL和SOL和SOL的一些良好动作。”他进一步补充说：“从历史上看，总督泵开始了大季节。这次让我们希望同样！”

On the technical front, Dogecoin is showing bullish signals from nearly every angle. According to CentralCharts data, the coin has blitzed through key resistance levels, including the Bollinger Band upper line at $0.234 and the 100-day moving average around $0.197.

在技​​术方面，Dogecoin几乎从各个角度显示了看涨信号。根据CentralCharts数据，硬币通过关键阻力水平闪闪发光，包括Bollinger Band Upper Line为0.234美元和100天移动平均线约为0.197美元。

The most crucial level to watch now is $0.256, which is labeled as “Oblique Minor Resistance” on the chart. Dogecoin prices have already pierced through it, suggesting that the next target could be $0.30 and beyond, provided it closes the day above this threshold.

现在要观看的最关键水平是0.256美元，在图表上被标记为“倾斜的次要阻力”。 Dogecoin的价格已经刺入了它，这表明下一个目标可能是0.30美元及以上，只要它截止了这一门槛的一天。

According to the TradingView technical summary, there are 15 moving averages that are showing either a “Buy” or “Strong Buy” signal on the 1-day timeframe, indicating broad upward support across short- and long-term trends.

根据TradingView技术摘要，有15个移动平均值在为期1天的时间范围内显示“买入”或“强买”信号，这表明在短期和长期趋势上，广泛的向上支持。

Oscillators, however, are mostly neutral, with only a few suggesting that the asset may be entering overbought territory. Among those indicators, the Relative Strength Index (RSI) stands at 2.51. While this is a high reading and typically signals overbought conditions, it’s not unusual during the early stages of a breakout.

但是，振荡器主要是中性的，只有少数人暗示该资产可能进入过多的领土。在这些指标中，相对强度指数（RSI）为2.51。虽然这是一本较高的读数，并且通常信号过多，但在突破的早期阶段，这并不罕见。

Overall, these signals suggest that, from a trader’s perspective, Dogecoin is entering a strong uptrend with momentum clearly on its side.

总体而言，这些信号表明，从交易者的角度来看，Dogecoin显然在势头方面进入了强大的上升趋势。

See More: Top 5 Cryptocurrency Prices Today, May 11

查看更多：今天5月11日，前5个加密货币价格