Dogecoin (DOGE) is still encountering strong selling pressure as whales continue to dump huge volumes of the meme token, increasing urgency for critical support to hold.

Dogecoin（Doge）仍在遇到巨大的销售压力，因为鲸鱼继续倾倒大量的模因令牌，这增加了持续支持的紧迫性。

For the past week, crypto analyst Ali Martinez has noted that Dogecoin whales have sold around 570 million DOGE tokens.

在过去的一周中，加密分析师阿里·马丁内斯（Ali Martinez）指出，狗狗鲸已经售出了约5.7亿个马诺格代币。

This wholesale sell-off has created massive oversupply in the market, putting more pressure on the token to decrease.

这种批发抛售在市场上造成了巨大的过度供应，给令牌造成了更大的压力以减少。

Chart: Ali Martinez

图表：阿里·马丁内斯（Ali Martinez）

The decline in whale activity also indicates weakening confidence from big investors in the cryptocurrency, which is a bearish sign for current holders.

鲸鱼活动的下降还表明，大型投资者对加密货币的信心减弱，这是当前持有人的看跌信号。

Dogecoin is presently trading hands at $0.1604, down 1% for the day.

Dogecoin目前以0.1604美元的价格交易，当天下降了1％。

Furthermore, trading volume has dropped 25%, and traders' sentiment is turning increasingly bearish as technical indicators signal more downfall.

此外，交易量下降了25％，随着技术指标的降低，交易者的情绪越来越看跌。

At the moment, DOGE is technically below its 50-day ($0.182) and 200-day ($0.224) Exponential Moving Averages (EMAs). A bearish crossover between the EMAs has also been created, which may mean further price downfall.

目前，Doge从技术上低于其50天（$ 0.182）和200天（$ 0.224）的指数移动平均值（EMAS）。还创建了EMAS之间的看跌交叉，这可能意味着进一步的价格下跌。

Recently, the Libdogecoin v0.1.4 update brought improvements in security, performance, and blockchain development tools to better make the network more robust and developer-friendly.

最近，LibDogeCoin v0.1.4更新带来了安全性，性能和区块链开发工具的改进，以更好地使网络更加稳健和开发人员友好。

The 200-day EMA on the weekly timeframe at $0.142 acts as a strong support level. If DOGE manages to rebound from here and reclaim the 50-day EMA, a bullish rally could follow. However, if this support breaks, further downside is likely.

每周时间限额为200美元的200天EMA $ 0.142是一个强大的支持水平。如果Doge设法从这里反弹并收回了50天的EMA，则可能随后举行一次集会。但是，如果这种支持破裂，可能会进一步的缺点。

The post Dogecoin: Whales Offload 570M DOGE As Selling Pressure Mounts; Can DOGE Bounce Back? appeared first on Benzinga.

邮政狗币：鲸鱼卸货为570亿美元，作为销售压力支架； Doge可以反弹吗？首先出现在本辛加。