狗狗（Doge）的价格在反复集会后无法达到ATH

在反复集会和随后的击败之后，Dogecoin的价格未能达到其历史最高峰值。

The cryptocurrency market has seen better days. After a strong rally earlier in the year, crypto prices have pulled back amid macroeconomic headwinds and a pause in U.S. interest-rate cuts.

加密货币市场已经过了更好的日子。在今年早些时候举行了强烈的集会之后，加密价格在宏观经济的逆风和美国利率削减局势停止的情况下退缩了。

As a result, the Dogecoin price has also failed to reach its all-time high peaks after repeated rallies and subsequent beat downs. So far, it has been a dance between testing major resistance levels, and bulls trying to hold support as sell-offs mount. During this time, there has been a lot of fluctuations in the volume of the meme coin. Using historical performance, the Dogecoin trading volume could give a hint for where the price could be headed next.

结果，在反复的集会和随后的击败后，狗狗价格也未能达到其历史最高峰值。到目前为止，这是测试主要阻力水平的舞蹈，而公牛试图保留抛售山的支持。在此期间，模因硬币的体积有很多波动。使用历史表现，Dogecoin交易量可以提示下一步可能会出现的价格。

DOGE Trading Volume Still Trending Low

Doge交易量仍趋向低

The Dogecoin trading volume has been trending low as the Dogecoin price has retraced over the last few months. This has culminated in a fluctuating market as investors remain very cautious when it comes to the market and meme coins like DOGE have suffered as a result.

Dogecoin交易量一直在趋势较低，因为在过去的几个月中，Dogecoin的价格已回顾。由于投资者在市场上仍然非常谨慎，因此这在一个波动的市场中达到了顶峰，因此像Doge这样的模因硬币遭受了损失。

According to data from the Coinglass website, the Dogecoin derivatives trading volume has not been able to even hit half of where it was back in November 2024 when the market was pumping. If anything, the decline has been consistent, with spikes here and there as the Dogecoin price fluctuated.

根据Coinglass网站的数据，Dogecoin衍生品交易量甚至无法击中2024年11月在市场抽水时的一半。如果有的话，下降一直保持一致，随着狗狗的价格波动，到处都有峰值。

As of May 19, the total DOGE derivatives trading volume was sitting at a mere $6 billion. Compared to the $60.11 billion peak that was recorded back in November 2024, the derivatives volume is down my around 90% since then.

截至5月19日，Doge衍生品交易量仅为60亿美元。与2024年11月记录的601亿美元高峰相比，自那时以来，衍生品量下降了约90％。

There was a small spike in the volume to above $10 billion back on May 13 as DOGE bulls had pushed for higher prices. However, this was short-lived as another round of sell-offs has sent the price spiraling again, pushing the trading volume back down in response.

5月13日，由于公牛队以更高的价格推动，该数量的少量高达100亿美元以上。但是，这是短暂的，因为另一轮抛售再次使价格再次稳定，从而将交易量推迟了起来。

What This Could Mean For The Dogecoin Price

这对Dogecoin价格可能意味着什么

Historically, the increase in the derivatives trading volume have often coincided with the rise in the token’s price. This is visible throughout the years, and quite prominent in 2021, when the meme coin recorded its current all-time high above $0.7.

从历史上看，衍生品交易量的增加通常与令牌价格的上涨相吻合。这些年来，这是可见的，在2021年，当Meme Coin记录其目前的历史高度高于0.7美元时。

Currently, with the derivatives volume still trending low, it could translate to lower levels for the Dogecoin price. Mostly, crypto traders are skewed toward shorting when it comes to betting on the Dogecoin price, leading to the suppression. For this to change, there would have to be a definite change in the Dogecoin trading volume, akin to what was seen back in November 2024.

目前，由于衍生工具量仍呈趋势较低，因此对于Dogecoin的价格，它可能会转化为较低的水平。大多数情况下，加密货币交易者在投注Dogecoin价格时会倾向于短路，从而导致压制。为了改变这种变化，必须改变Dogecoin交易量，类似于2024年11月所看到的。

If the volume is able to at least get back above $30 billion, then it is possible for the Dogecoin price to break toward $0.5. However, a break above the $0.7 all-time high would require even much larger figures. Despite the volume beating the 2021 peak of $24.82 billion, the Dogecoin price still did not cross $0.5. This suggests much higher buying pressures than 2021 are required to send the Dogecoin price above $0.7 once more.

如果该数量至少能够恢复300亿美元以上，那么Dogecoin价格可能会突破0.5美元。但是，超过$ 0.7的历史最高水平将需要更大的数字。尽管数量超过了2021年的248.2亿美元的峰值，但Dogecoin的价格仍未超过0.5美元。这表明，与2021年的购买压力要高得多，才能再次将Dogecoin价格再次超过0.7美元。