Dogecoin is still trading at a lower range than expected and this has triggered a wave of bearishness among investors. Despite previously breaking through the $0.1 level late last year, it was unable to maintain the bullish momentum, especially as indicators are turning quite bearish. In this vein, one crypto analyst has presented a bearish short-term for the asset which is still ranging through low levels.

狗狗幣的交易價格仍低於預期，這引發了投資者的看跌浪潮。儘管去年年底曾突破 0.1 美元水平，但未能維持看漲勢頭，尤其是在指標轉為相當看跌的情況下。在這種情況下，一位加密貨幣分析師對該資產提出了短期看跌的看法，該資產仍在低點徘徊。

Dogecoin Gearing Up For Massive 25% Crash

狗狗幣準備迎接 25% 的大規模崩盤

In an analysis posted on the TradingView website, crypto analyst Alan Santana has sounded a warning alarm for the Dogecoin price going forward. According to the analysis, there could be a massive crash ahead for the meme coin.

在 TradingView 網站上發布的一份分析中，加密貨幣分析師 Alan Santana 對狗狗幣的未來價格發出了警告。根據分析，模因幣未來可能會出現大規模崩盤。

The chart shows that the Dogecoin price has been trending lower since it first crossed $0.1 in early December. This has led to lower highs, a trend that has been historically bearish for any cryptocurrency and not just DOGE.

該圖表顯示，狗狗幣價格自 12 月初首次突破 0.1 美元以來一直呈現低趨勢。這導致了高點下降，這種趨勢歷來對任何加密貨幣（而不僅僅是狗狗幣）都是利空的。

Not only has the asset been making lower highs, leading to a steady downtrend, but there has also been a significant drop in its trading volume over this time. This coupled with the lower lows and the endless sea of red on the chart, Santana believes that this has all the makings of a crash. Looking at the expectations for the said crash, the crypto analyst expects that the price will go from above $0.09 to as low as $0.07. In this case, a 25% crash will be the case.

該資產不僅創下較低的高點，導致穩定的下降趨勢，而且在此期間其交易量也大幅下降。再加上圖表上較低的低點和無盡的紅色海洋，桑塔納認為這具備了崩盤的所有因素。考慮到對上述崩盤的預期，加密貨幣分析師預計價格將從 0.09 美元以上降至 0.07 美元。在這種情況下，就會出現 25% 的崩潰情況。

However, it is not all bearish as the analyst expects a quick recovery following this crash. “ It is very slow now but it will speed up. We will get a major drop, BOOM! Flash crash and then a long-drawn-out recovery on the way up,” Santana said.

然而，這並非全是看跌，因為分析師預計這次崩盤後將迅速復甦。 「現在速度很慢，但會加快。我們將獲得大幅下降，BOOM！閃電崩盤，然後在上漲過程中經歷漫長的復甦，」桑塔納說。

DOGE Failing To Hold Up On The Charts

DOGE 未能在圖表上保持穩定

Dogecoin’s less-than-excellent performance has continued to threaten its position on the list of largest cryptocurrencies by market cap. After failing to move, it has fallen behind assets such as Solana and Avalanche, both of which have seen at least a 500% increase so far this year.

狗狗幣不太出色的表現繼續威脅其在市值最大的加密貨幣名單中的地位。在未能採取行動後，它已經落後於 Solana 和 Avalanche 等資產，這兩家公司今年迄今的漲幅至少為 500%。

Currently, Dogecoin is the 10th-largest cryptocurrency in the market with a market cap of $13.2 billion. But even then, it is continuing to lose dominance in the market as coins like Tron’s TRX and Polkadot’s DOT continue to creep up.

目前，狗狗幣是市場上第十大加密貨幣，市值為 132 億美元。但即便如此，隨著 Tron 的 TRX 和 Polkadot 的 DOT 等代幣的不斷崛起，它在市場上的主導地位仍在繼續喪失。

Both of these digital assets are around $3 billion shy of overtaking Dogecoin. DOT’s market cap is currently sitting at $11 billion while TRX is at $9.7 billion. If Santana’s analysis proves true and DOGE records a 25% crash, then it could fall out of the top 10 cryptocurrencies by market cap for the first time in over a year.

這兩種數位資產距離超越狗狗幣還差 30 億美元左右。 DOT 的市值目前為 110 億美元，而 TRX 的市值為 97 億美元。如果 Santana 的分析屬實，而 DOGE 暴跌 25%，那麼它可能會在一年多的時間裡首次跌出市值排名前 10 的加密貨幣。