Dogecoin (DOGE) is back in the spotlight with a recent rally, but what's driving this surge and what are the long-term holders doing? Let's dive into the details.

Dogecoin（Doge）在最近的一次集会中重新成为人们的焦点，但是什么驱动了这一激增，长期持有人在做什么？让我们研究细节。

DOGE's Price Surge: A Quick Overview

Doge的价格上涨：快速概述

Dogecoin has been making headlines with its price movements. Recently, DOGE saw a 12% surge in 24 hours, hitting $0.2724. This rally is part of a broader resurgence in the meme coin market, which has seen its total market capitalization climb to an impressive $85.28 billion. Over the past week, DOGE has surged by 32%, trading around $0.2743.

Dogecoin一直以其价格变动成为头条新闻。最近，Doge在24小时内涨幅12％，达到0.2724美元。这集会是模因硬币市场的更广泛复兴的一部分，该市场的总市值攀升至852.8亿美元。在过去的一周中，Doge飙升了32％，交易约为0.2743美元。

Long-Term Holders: Selling or HODLing?

长期持有人：销售还是hodling？

On-chain data reveals an interesting trend. The Liveliness metric, which measures the movement of long-held tokens, has increased. This suggests that long-term holders (LTHs) are actively moving or selling their holdings. According to Glassnode, DOGE’s Liveliness closed at 0.706 on July 20, marking a 0.14% increase since July 13. Typically, a rise in Liveliness indicates that dormant tokens are being moved or sold, often signaling profit-taking.

链上数据揭示了一个有趣的趋势。衡量长期代币运动的活泼度量已经增加。这表明长期持有人（LTHS）正在积极移动或出售其持股。根据GlassNode的说法，Doge的活泼性在7月20日关闭，自7月13日以来增长了0.14％。通常，生计的增长表明，休眠代币正在被移动或出售，通常表明利润获利。

Paper Hands Driving the Rally?

纸驾驶拉力赛？

Despite the selling pressure from long-term holders, DOGE’s price remains resilient. This suggests that short-term holders, or “paper hands,” are driving the current rally. The Aroon Up indicator, currently at 100%, supports this bullish momentum, indicating that DOGE is consistently hitting new highs.

尽管长期持有人的销售压力，但Doge的价格仍然有弹性。这表明短期持有人或“纸船”正在推动当前的集会。目前为100％的Aroon Up指标支持这种看涨的势头，表明Doge一直在击中新的高点。

Technical Analysis: What the Charts Say

技术分析：图表怎么说

DOGE’s rally has formed an ascending parallel channel on the daily chart, indicating a strong uptrend. If buy-side pressure continues, DOGE could break above $0.28 and potentially reach $0.33. However, a drop in demand could see its value slip to $0.23.

Doge的集会在每日图表上形成了一个上升的并行通道，表明上升趋势很大。如果购买端压力持续，Doge可能会突破0.28美元，并可能达到0.33美元。但是，需求的下降可能会使其价值滑倒至0.23美元。

The Rise of Pepeto

Pepeto的兴起

While Dogecoin competes with other meme coins, Pepeto is emerging as a notable contender. Pepeto aims to provide a platform for meme coins to grow, even creating its own exchange for meme coins with zero listing fees and smart swapping.

尽管Dogecoin与其他模因硬币竞争，但Pepeto却成为著名的竞争者。 Pepeto的目的是为Meme硬币提供一个平台，甚至为Meme Coins创造自身的交换，以零上市费用和智能交换。

Future Outlook: DOGE vs. Pepeto

未来前景：Doge vs. Pepeto

Looking ahead, the next major accumulation zone for DOGE is near $0.36. Data suggests fewer obstacles or sell-offs are expected between $0.21 and $0.36. Meanwhile, Pepeto is gaining traction with its unique approach and community-first focus.

展望未来，门多格的下一个主要积累区接近$ 0.36。数据表明，预计障碍或抛售量更少，预计在0.21美元至0.36美元之间。同时，Pepeto以其独特的方法和社区优先的重点而受到关注。

Final Thoughts: To the Moon?

最终想法：月球？

Dogecoin's rally is an interesting mix of long-term holders taking profits and new investors jumping in. Whether DOGE can sustain this momentum remains to be seen, especially with contenders like Pepeto entering the scene. Keep an eye on those charts and maybe, just maybe, we'll see DOGE (or Pepeto) moon!

Dogecoin的集会是长期持有人带来利润和新的投资者跳入的有趣组合。密切关注这些图表，也许，也许我们会看到Doge（或Pepeto）月亮！