Crypto Market Eyes Leading Coins

加密貨幣市場關注領先貨幣

While uncertainty permeates the cryptocurrency market, attention shifts towards prominent cryptocurrencies. Bitcoin has fluctuated below $60,000, while investors' focus seems to gravitate towards meme coins, particularly DOGE, warranting further examination.

雖然加密貨幣市場充滿不確定性，但人們的注意力卻轉向了知名的加密貨幣。比特幣已波動至 60,000 美元以下，而投資者的注意力似乎傾向於 meme 幣，尤其是 DOGE，值得進一步審視。

Current State of DOGE

DOGE的現狀

Dogecoin (DOGE) has faced selling pressure, leading to a decline. Bitcoin (BTC) has dipped below $60,000 multiple times but appears to be holding this level for now. Over a 24-hour period, BTC experienced a 4.3% drop, trading at $60,200.

狗狗幣（DOGE）面臨拋售壓力，導致下跌。比特幣 (BTC) 曾多次跌破 6 萬美元，但目前似乎仍保持在這一水平。 24 小時內，BTC 下跌 4.3%，交易價格為 60,200 美元。

Concurrently, DOGE continued to witness transactions within a narrow range. During this period, the value of DOGE in Turkish Lira was calculated at 4.29 TRY, indicating an 8% decline.

與此同時，DOGE 繼續窄幅震盪。在此期間，DOGE 兌土耳其里拉的價值計算為 4.29 TRY，下跌 8%。

Despite an increase in Dogecoin investors since April, this surge may not suffice to drive a price increase. Moreover, the market outlook remains apprehensive, potentially leading meme coins towards further lows.

儘管自四月以來狗狗幣投資者有所增加，但這種激增可能不足以推動價格上漲。此外，市場前景仍然令人擔憂，可能導致米姆幣進一步跌至低點。

DOGE Price Movement

DOGE價格變動

Presently, DOGE has fallen to $0.1313, with a range (purple) forming between $0.14 and $0.165. This range emerged as the mid-level served as support and resistance in April. The CMF indicator suggests capital outflows in the market, hovering at -0.09.

目前，DOGE 已跌至 0.1313 美元，區間（紫色）在 0.14 美元至 0.165 美元之間。該區間是在 4 月作為支撐位和阻力位的中間水平出現的。 CMF指標顯示市場資金流出，徘徊在-0.09。

The 12-hour RSI stands at 37, indicating a bearish momentum. This perspective aligns with the losses incurred over the past five days. However, the support level at the 78.6% Fibonacci retracement level continues to attract investors.

12小時RSI為37，顯示看跌勢頭。這一觀點與過去五天發生的損失是一致的。然而，78.6%斐波那契回檔位的支撐位繼續吸引投資者。

Despite the pessimistic outlook, potential market entry points and loss mitigation measures are being considered by interested investors. Nevertheless, indicators hint at the possibility of further losses in the future.

儘管前景悲觀，但有興趣的投資者正在考慮潛在的市場切入點和減輕損失的措施。然而，指標暗示未來可能會出現進一步損失。

The Future of DOGE

DOGE的未來

Coinalyze data reveals minimal capital inflow into the market, corroborated by the CMF. Open Interest has witnessed a steady decline in recent days, suggesting a lack of enthusiasm among speculators.

Coinalyze 數據顯示，流入市場的資本極少，CMF 也證實了這一點。近幾天未平倉合約穩定下降，顯示投機者缺乏熱情。

The Spot CVD has been on a downward trajectory since April 22. While the downtrend appeared to pause within the last 24 hours, a resurgence of decline is evident.

自 4 月 22 日以來，現貨 CVD 一直處於下降趨勢。

However, if the Spot CVD manages to surpass this level, it could foster an optimistic environment for investors seeking to acquire DOGE at the lower end of its range.

然而，如果現貨 CVD 成功超越這一水平，可能會為尋求在其範圍下限收購 DOGE 的投資者創造一個樂觀的環境。