Dogecoin (DOGE) Price Predictions Amidst Bitcoin Price Drop

比特幣價格下跌期間狗狗幣（DOGE）的價格預測

In the midst of Bitcoin's price volatility, DOGE and other altcoins have also experienced a downward trend. But for how long?

在比特幣價格波動的同時，DOGE和其他山寨幣也出現了下跌趨勢。但持續多久呢？

While BTC battles to reclaim the $66,000 mark, uncertainty lingers over its ability to sustain the momentum. At the time of writing, BTC stands at $66,228, with some altcoins showing signs of recovery.

儘管 BTC 正在努力奪回 66,000 美元大關，但其維持這一勢頭的能力仍存在不確定性。截至撰寫本文時，BTC 價格為 66,228 美元，一些山寨幣顯示出復甦的跡象。

Dogecoin (DOGE)

狗狗幣 (DOGE)

DOGE, the largest meme coin by market cap, has hit its lowest price point in three months. The altcoin, which reached lows of $0.12, was impacted by the swift decline in BTC's price. Given the lack of strong investor activity in altcoins, the losses were exacerbated by the rapid exit of fearful investors.

DOGE 是市值最大的迷因幣，其價格已觸及三個月來的最低點。受 BTC 價格迅速下跌的影響，山寨幣跌至 0.12 美元的低點。鑑於山寨幣缺乏強勁的投資者活動，恐懼的投資者迅速退出，進一步加劇了損失。

The sharp price drop triggered liquidations of long positions exceeding $44 million in Dogecoin alone. It marked the largest DOGE liquidation since the start of the year. This figure, indicative of a clear surprise by futures traders, dampened bullish sentiment. Funding on futures remains negative for DOGE, suggesting persistent short positions.

光是狗狗幣價格大幅下跌就引發了超過 4,400 萬美元多頭部位的清算。這是今年年初以來最大規模的 DOGE 清算。這一數字顯示期貨交易商明顯感到意外，抑制了看漲情緒。 DOGE 的期貨融資仍為負，顯示空頭部位持續存在。

DOGE Price Prediction

DOGE價格預測

Falling below the 20-day EMA and 50-day SMA, DOGE price has lost significant support levels. Notably, the price below the SMA50 confirms an oversold situation, a relatively rare occurrence. During a general market uptrend, such dips are often seen as buying opportunities by experienced investors. However, these decisions should be made with reference to historical data and an acknowledgment of the potential for further losses.

DOGE 價格跌破 20 日均線和 50 日均線，失去了重要的支撐位。值得注意的是，價格低於 SMA50 證實了超賣情況，這種情況相對罕見。在整體市場上漲趨勢期間，經驗豐富的投資者通常將這種下跌視為買入機會。然而，這些決定應參考歷史數據並承認進一步損失的可能性。

DOGE's Elder-Ray Index suggests a continuation of the bearish trend in the short term. The negative value of the index corroborates the dominance of sellers. If bears maintain their strength, we can expect the price to fall to $0.11 and eventually $0.08.

DOGE 的 Elder-Ray 指數顯示短期內看跌趨勢將持續。該指數的負值證實了賣方的主導地位。如果空頭保持強勢，我們預計價格將跌至 0.11 美元，最終跌至 0.08 美元。

However, things could change if BTC registers closes above $66,250 and sustains momentum, potentially boosting sentiment in altcoins. We could see more investors capitalizing on the oversold conditions in altcoins. This could pave the way towards new highs between $0.13 and $0.18.

然而，如果 BTC 收盤價高於 66,250 美元並保持勢頭，情況可能會發生變化，從而可能提振山寨幣的情緒。我們可以看到更多投資者利用山寨幣的超賣狀況。這可能為 0.13 美元至 0.18 美元之間的新高鋪平道路。