根據投資者的成本基礎分配，即將到來的Dogecoin水平可能被證明是阻力牆。

上次以0.36美元的價格購買了大量狗狗幣

On-chain data suggests this upcoming Dogecoin level could prove to be a resistance wall based on the investor cost basis distribution.

鏈上的數據表明，根據投資者成本基礎分配，即將到來的Dogecoin水平可能被證明是阻力牆。

In a recent post on X, analyst Ali Martinez has discussed Dogecoin levels that appear relevant based on the UTXO Realized Price Distribution (URPD) of the memecoin. The “URPD” is an on-chain indicator that essentially tells us how much of the asset’s supply was last purchased at which price levels. The metric determines this cost basis for each token by examining its transaction history to identify its last transfer price.

在X上的最新文章中，分析師Ali Martinez討論了基於Memecoin的UTXO實現價格分佈（URPD）的狗狗蛋白水平。 “ URPD”是一個鏈上的指標，基本上告訴我們上次購買了多少資產供應。該指標通過檢查其交易歷史記錄以確定其上次轉讓價格來確定每個令牌的成本基礎。

The analyst shared the following chart, which showcases the latest URPD data for Dogecoin.

分析師共享了以下圖表，該圖表顯示了Dogecoin的最新URPD數據。

As visible in the above graph, there are no levels immediately close to the current Dogecoin price that concentrate the break-even mark of a considerable portion of the supply. The nearest level of interest in the URPD is around $0.21, where 7.5% of the DOGE supply's last purchase price is clustered. In the upward direction, there aren’t any notable cost basis centers until reaching $0.36, at which point investors last bought approximately 3.8% of all tokens in circulation.

如上圖中可見，沒有立即接近當前的狗狗價格的水平，這些價格集中在供應的相當一部分供應量的分數中。 URPD最接近的興趣水平約為0.21美元，其中Doge Supply的最後一次購買價格的7.5％被集群。在向上的方向上，直到達到0.36美元之前，沒有任何顯著的成本基礎中心，這時投資者上次購買了大約3.8％的流通代幣。

Now, the question is, what is the implication of these levels for Dogecoin? To comprehend this, we need to consider investor psychology. Naturally, each holder's cost basis is a significant level to them, and they tend to show some reaction when a retest of this point occurs.

現在，問題是，這些級別對狗狗的含義是什麼？為了理解這一點，我們需要考慮投資者心理學。自然，每個持有人的成本基礎對他們來說都是一個重要的水平，當重新發生這一點時，它們往往會表現出一定的反應。

However, if only a few investors are reacting, it won't influence the cryptocurrency significantly. But for retests of levels that hold the cost basis for a large amount of holders, the story can be different. The aforementioned levels could be viewed as major ones from this perspective.

但是，如果只有少數投資者在做出反應，它將不會顯著影響加密貨幣。但是，對於持有大量持有人的成本基礎的重新測試，故事可能會有所不同。從這個角度來看，上述水平可以被視為主要水平。

Generally, investors tend to react by buying if the retest is happening from above, assuming the mood in the market is bullish. This is because these holders, who were in profit prior to the retest, might view the price decline as just a ‘dip.’

通常，假設市場上的情緒是看好的，投資者往往會通過購買重新測試而做出反應。這是因為這些持有人在重新測試之前獲得了利潤，可能將價格下跌視為“下降”。

On the other hand, the holders who were in loss before the retest may decide to sell their Dogecoin, as they could fear that this might be their last opportunity to exit at their break-even for a while.

另一方面，在重新測試之前失去損失的持有者可能會決定出售他們的狗狗幣，因為他們可能會擔心這可能是他們最後一次退出的機會。

As such, major supply walls below the DOGE spot price can act as potential support zones, while those above it may prove to be resistance areas. Given that the closest two such levels are at $0.21 and $0.36 for the asset right now, they may be where the coin could be the most probable to encounter strong support and resistance, respectively.

因此，大多數供應牆以下的主要供應牆可以充當潛在的支撐區，而上面的供應牆可能被證明是電阻區域。鑑於現在最接近的兩個這樣的級別為$ 0.21和0.36美元，因此它們可能是幣最有可能遇到強大的支持和抵抗力的最可能的地方。

DOGE Price

大門價格

At the time of writing, Dogecoin is trading at $0.237, showing a gain of more than 37% in the last seven days.

在撰寫本文時，Dogecoin的交易價格為0.237美元，顯示過去7天的增長超過37％。