根据投资者的成本基础分配，即将到来的Dogecoin水平可能被证明是阻力墙。

上次以0.36美元的价格购买了大量狗狗币

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

链上的数据表明，根据投资者成本基础分配，即将到来的Dogecoin水平可能被证明是阻力墙。

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，分析师Ali Martinez讨论了基于Memecoin的UTXO实现价格分布（URPD）的狗狗蛋白水平。 “ URPD”是一个链上的指标，基本上告诉我们上次购买了多少资产供应。该指标通过检查其交易历史记录以确定其上次转让价格来确定每个令牌的成本基础。

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

分析师共享了以下图表，该图表显示了Dogecoin的最新URPD数据。

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.

如上图中可见，没有立即接近当前的狗狗价格的水平，这些价格集中在供应的相当一部分供应量的分数中。 URPD最接近的兴趣水平约为0.21美元，其中Doge Supply的最后一次购买价格的7.5％被集群。在向上的方向上，直到达到0.36美元之前，没有任何显着的成本基础中心，这时投资者上次购买了大约3.8％的流通代币。

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.

现在，问题是，这些级别对狗狗的含义是什么？为了理解这一点，我们需要考虑投资者心理学。自然，每个持有人的成本基础对他们来说都是一个重要的水平，当重新发生这一点时，它们往往会表现出一定的反应。

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，如果只有少数投资者在做出反应，它将不会显着影响加密货币。但是，对于持有大量持有人的成本基础的重新测试，故事可能会有所不同。从这个角度来看，上述水平可以被视为主要水平。

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，假设市场上的情绪是看好的，投资者往往会通过购买重新测试而做出反应。这是因为这些持有人在重新测试之前获得了利润，可能将价格下跌视为“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，在重新测试之前失去损失的持有者可能会决定出售他们的狗狗币，因为他们可能会担心这可能是他们最后一次退出的机会。

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，大多数供应墙以下的主要供应墙可以充当潜在的支撑区，而上面的供应墙可能被证明是电阻区域。鉴于现在最接近的两个这样的级别为$ 0.21和0.36美元，因此它们可能是币最有可能遇到强大的支持和抵抗力的最可能的地方。

DOGE Price

大门价格

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

在撰写本文时，Dogecoin的交易价格为0.237美元，显示过去7天的增长超过37％。