Doge Faces Massive Liquidations, Plummet Uncertain

Doge 面臨大規模清算，暴跌不確定

The declining value of Bitcoin has impacted the entire crypto ecosystem, with Dogecoin experiencing a 19.66% drop this week. Despite attempts at recovery, the upward momentum remains elusive. Chart indicators suggest a further decline may be imminent.

比特幣價值的下跌影響了整個加密生態系統，狗狗幣本週下跌了 19.66%。儘管嘗試復甦，但上升勢頭仍然難以捉摸。圖表指標顯示進一步下跌可能即將來臨。

Bearish Chart Signals

看跌圖表訊號

The daily Doge chart indicates a falling wedge pattern, signaling a possible price drop. The price is currently supported by a trendline formed in January. Dogecoin is trading at $0.11, attempting to regain momentum. However, there is a lack of immediate support from moving averages, which are suppressing the price.

每日 Doge 圖表顯示出下降楔形形態，顯示價格可能下跌。目前價格受到一月份形成的趨勢線的支撐。狗狗幣的交易價格為 0.11 美元，試圖恢復勢頭。然而，移動平均線缺乏直接支撐，從而壓制了價格。

Source : TradingView

來源：TradingView

The Relative Strength Index (RSI) has fallen to 40 points. If the trend line fails to hold, the next support level is around $0.08, the same zone that provided support in early July.

相對強弱指數（RSI）已跌至 40 點。如果趨勢線未能守住，下一個支撐位約為 0.08 美元，該區域與 7 月初提供的支撐位相同。

On the 4-hour chart, the 20-day moving average has crossed below other key moving averages. The 50-day MA has also crossed below the 100-day MA, and without a reversal, the price may fall below the 200-day MA in the coming week. To prevent this, Doge must close above $0.118.

4小時圖上，20日均線已下穿其他關鍵均線。 50日均線也已下穿100日均線，若不出現逆轉，未來一週價格可能會跌破200日均線。為了防止這種情況發生，Doge 的收盤價必須高於 0.118 美元。

Source : TradingView

來源：TradingView

Massive Dogecoin Liquidations

大規模狗狗幣清算

Approximately $360 million worth of Doge trades have been liquidated in the past 2 days. Coinglass data shows $59.07 million in shorts and $299 million in longs were liquidated. In the past 24 hours alone, $246.84 million worth of longs were eliminated, significantly higher than the $35.16M in shorts. This reflects the negative market sentiment.

在過去 2 天內，價值約 3.6 億美元的 Doge 交易被清算。 Coinglass 數據顯示，5,907 萬美元的空頭和 2.99 億美元的多頭被清算。僅在過去 24 小時內，就有價值 2.4684 億美元的多頭被平倉，明顯高於 3516 萬美元的空頭平倉。這反映了負面的市場情緒。

Source : CoinGlass

來源：CoinGlass

Profitability and Sentiment

獲利能力和情緒

IntoTheBlock data shows that 11.43k Doge wallets holding $24.95B worth of tokens are in the profit zone between $0.0109664 and $0.120035. This suggests a potential support point at the current level. In the past 7 days, approximately $16.46M worth of tokens have been moved off exchanges, indicating accumulation. Whales may be buying in and storing funds in their own custody during periods of market fear.

IntoTheBlock 數據顯示，持有價值 $24.95B 代幣的 11.43k Doge 錢包處於 $0.0109664 至 $0.120035 之間的利潤區域。這表明當前水平存在潛在支撐點。在過去 7 天裡，價值約 1,646 萬美元的代幣已從交易所轉移，這表明代幣正在累積。在市場恐慌時期，鯨魚可能會買入並自行保管資金。

Source : CoinGlass

來源：CoinGlass

However, the in/out data reveals that 74% of active doge wallets are in profit at this price, while 25% are at a loss. This is another negative signal, as profitable holders may sell during market downturns to rebuy at a lower price.

然而，in/out數據顯示，74%的活躍doge錢包在此價格下盈利，而25%則虧損。這是另一個負面訊號，因為有利可圖的持有者可能會在市場低迷期間出售，以較低的價格重新購買。

Outlook

外表

The analysis of charts and liquidation data indicates a bearish sentiment that could lead to further decline. However, there are positive signs that could support a price recovery. If market sentiment improves and buying pressure increases, the price may rebound. Holding the $0.11 level is crucial, as falling below it could push the price to $0.08, making a recovery more challenging in the coming weeks.

對圖表和清算數據的分析顯示看跌情緒可能導致進一步下跌。然而，有一些積極跡象可能支持價格復甦。如果市場情緒改善，購買壓力增加，價格可能會反彈。保持 0.11 美元的水平至關重要，因為跌破該水平可能會將價格推至 0.08 美元，從而使未來幾週的復甦更具挑戰性。