Dogecoin (CRYPTO: DOGE) dropped to $0.2200 on Tuesday, continuing a weak trend this week as risk-off sentiment affected the crypto and stock markets.

Dogecoin（Crypto：Doge）周二下跌至0.2200美元，随着风险情绪影响加密和股票市场的趋势，本周趋势较弱。

This decline, however, could be a calm before the storm ahead of an eventual rebound. Here’s a breakdown of what analysts observed.

然而，在最终反弹之前的暴风雨前，这种下降可能是一种平静。这是分析师观察到的内容的细分。

What Happened: One of the top leading indicators in crypto fundamental analysis is whale activity. Whales, or large investors, are often seen as being more sophisticated and experienced players in the crypto market.

发生的事情是：加密基本分析中的主要主要指标之一是鲸鱼活动。鲸鱼或大型投资者通常被视为在加密货币市场上更加精致，经验丰富。

For the most part, whales tend to prefer accumulating an asset when they expect it to bounce back and short an asset when they see it falling.

在大多数情况下，当鲸鱼期望回弹时，当他们看到资产下降时，鲸鱼倾向于积累资产。

Data shows that Dogecoin whales have started accumulating the coin. Santiment data reveals that addresses with between 1 million and 10 million DOGE coins now hold 10.56 billion coins, compared to 10.48 billion on May 10.

数据表明，狗狗鲸已经开始积聚硬币。 Santiment数据显示，目前有100万至1000万个乔治硬币在1000万至1000万枚硬币之间，而5月10日为104.8亿美元。

Similarly, addresses holding between 100 million and 1 billion tokens now hold 25.86 billion coins, compared to 25.53 billion earlier this month.

同样，现在持有1亿到10亿个令牌的地址现在持有258.6亿硬币，而本月早些时候为255.3亿。

Dogecoin price action also formed a bullish flag pattern, which is a continuation pattern that signals more gains to come. The pattern is made up of a vertical line and then a consolidation that resembles a flag being hoisted.

Dogecoin价格动作还形成了看涨的旗帜模式，这是一种延续模式，标志着未来的收益更多。该图案由垂直线组成，然后是类似于吊顶的标志的合并。

The pattern often leads to a breakout.

该模式通常会导致突破。

The daily chart shows Dogecoin price reached a high of $0.2600 last week and then began a move lower to $0.2200 on Tuesday.

每日图表显示，Dodecoin的价格上周达到0.2600美元，然后在周二开始下跌至0.2200美元。

Dogecoin price also moved above the 50-day and 100-day Exponential Moving Averages, a technical indicator that could indicate more gains to come.

Dogecoin价格还超过了50天和100天的指数移动平均值，这是一种技术指标，可以表明未来的收益更多。

"The coin will likely break out and then hit the November 2024 high of $0.4820, up 120% from the current level," one analyst said.

一位分析师说：“硬币可能会爆发，然后在2024年11月的0.4820上市，比当前水平增长120％。”

Dogecoin Price Action: Dogecoin has dropped 10.74% in the past seven days and fell 2.03% over the past 24 hours at press time.

Dogecoin的价格动作：在过去的七天中，Dogecoin在过去24小时内下降了10.74％，在发稿时下降了2.03％。

What Next: The weekly chart also points to more Dogecoin price gains as it has formed a giant megaphone pattern. The pattern is made up of two ascending and diverging trendlines.

下一步：每周图表还指出了更多的狗狗价格上涨，因为它已经形成了巨大的扩音器模式。该模式由两个上升和分歧的趋势线组成。

In this case, the lower line connects the lows of the swing since January 2022 and the upper one links the highs since January 2023.

在这种情况下，下线以自2022年1月以来连接秋千的低点，而上线则是自2023年1月以来的高点。

The pattern also usually leads to more gains. If this happens, the first point to watch will be at $0.4820. A move above that level could signal more upside, potentially to the psychological point at $1.

该模式通常还会带来更多的收益。如果发生这种情况，则第一个观看点为0.4820美元。超过该水平的移动可能会更高的上升空间，这可能是1美元的心理点。