There is a strong bearish wave in the market that has seen Dogecoin [DOGE] decline by 9.83% in the past 24 hours. This brings its monthly decline to -36.13%.

在过去的24小时内，市场上有强烈的看跌波浪，使多霉素[Doge]下降了9.83％。这使其每月下降到-36.13％。

A closer analysis of several market metrics suggests that DOGE’s current condition is likely temporary and that a rally could begin soon as sentiment shifts.

对几个市场指标的仔细分析表明，Doge的当前状况可能是暂时的，并且一场情绪转变可能会很快开始。

Massive whale accumulation of DOGE

大量鲸鱼积累

There has been significant investor accumulation of DOGE in the last 24 hours, as recorded by Santiment.

如Santiment所记录的那样，在过去24小时内，Doge积累了大量投资者。

Whales—addresses controlling a notable supply of an asset, typically between 100 million to 1 billion units—have been actively acquiring DOGE.

鲸鱼（通常在1亿至10亿台之间，都在控制资产的明显供应 - 已积极收购Doge。

This cohort has accumulated a total of 1.40 billion DOGE over the past 24 hours, highlighting strong demand for the asset. A market rebound could be imminent, especially if DOGE begins to record even minimal gains.

在过去的24小时内，该队列总共累积了1400亿次，突出了对资产的强劲需求。市场反弹可能会迫在眉睫，尤其是如果Doge开始记录甚至最小的收益。

This bullish sentiment comes at a time when Santiment data shows DOGE has hit its most negative social volume and weighted sentiment in the market—historically a sign of a potential bottom.

这种看涨的情绪是在santiment数据表明Doge在市场上遇到了最负面的社会数量和加权情绪的时候，这是潜在的底层的标志。

As demand grows and key metrics reach a bottom, DOGE could be poised for a major reversal, with its price trending higher from its current levels.

随着需求的增长和关键指标达到底部，Doge可以预先进行重大逆转，其价格从目前的水平提高。

Spot buys vs. derivative sells—What’s next?

Spot Buy Buy vs.导数卖 - 接下来是什么？

In the spot market, traders have been aggressively accumulating DOGE over the past week and in the last 24 hours.

在现货市场中，在过去的一周和过去24小时内，交易者一直在积极积累的门槛。

In the past day alone, traders have purchased a total of $8.05 million worth of DOGE, with $44.34 million bought over the past week.

仅在过去的一天中，交易者就购买了价值805万美元的总督，过去一周购买了4,434万美元。

Rising demand suggests that traders see DOGE’s recent lows as an opportunity and are accumulating ahead of a potential rally.

不断上升的需求表明，交易者将Doge最近的低点视为机会，并在潜在的集会之前积累。

However, AMBCrypto found that while several metrics indicate bullish sentiment, derivative traders remain bearish. Instead of going long, they are opening short positions, expecting DOGE’s decline to continue.

但是，Ambcrypto发现，尽管几个指标表明看涨情绪，但衍生品交易者仍然看跌。他们没有长时间开放，而是在短暂的位置上，预计Doge的衰落会继续下去。

At the time of writing, the Open Interest Weighted Funding Rate—a metric combining open interest and funding rate to predict market trends—suggesges DOGE could trend even lower.

在撰写本文时，开放的权益加权融资率（将开放利息和融资率结合在一起以预测市场趋势），统计资助可能会降低趋势。

With a negative reading of -0.0077%, this indicates more short positions in the market, with short traders paying a premium to maintain their positions.

由于负读数为-0.0077％，这表明在市场上的职位更短，短交易者支付了溢价来维持其头寸。

Such sentiment could delay DOGE’s potential rally. Until the funding rate shifts to a positive region, DOGE may remain under pressure.

这种情绪可能会延迟Doge的潜在集会。在资金率转移到正区域之前，门多格可能会保持压力。

Price movement on the chart

图表上的价格变动

The broader outlook shows that DOGE has reached a critical support level on the weekly chart, trading close to the $0.142 region. This support level previously acted as a catalyst for DOGE’s rally that began in October 2024.

更广泛的前景表明，Doge在每周图表上达到了关键的支持水平，交易接近0.142 $。这种支持水平以前是2024年10月开始的Doge集会的催化剂。

If this support holds, DOGE could see a significant recovery, potentially reaching as high as 240%. If market fundamentals remain strong, the rally could unfold even faster.

如果这种支持成立，Doge可能会看到大量恢复，可能达到高达240％。如果市场基本面保持强劲，则集会可能会更快地展开。