Dogecoin Price Declines Amidst Diminished Whale Activity

在鯨魚活動下降中，狗狗的價格下降

The cryptocurrency market has witnessed a decline in whale activity, signaling reduced confidence among major investors. This has contributed to downward pressure on the Dogecoin (DOGE) price.

加密貨幣市場見證了鯨魚活動的下降，標誌著主要投資者的信心下降。這導致了狗狗（Doge）價格的下降壓力。

Price Movement and Technical Indicators

價格運動和技術指標

DOGE has fallen below critical support levels at $0.27, with the Relative Strength Index (RSI) hovering at 48. Bearish signals from the Moving Average Convergence Divergence (MACD) indicator suggest a continuation of the downtrend. Despite a slight rebound, DOGE remains in a descending pattern, trading around $0.25.

Doge的關鍵支持水平低於0.27美元，相對強度指數（RSI）徘徊在48中。移動平均收斂差異（MACD）指標的看跌信號表明下降趨勢的延續。儘管有輕微的反彈，但Doge仍處於下降狀態，交易約為0.25美元。

Whale Transaction Data

鯨魚交易數據

Santiment's on-chain data reveals a significant drop in transactions above $100,000. This decrease in whale activity corresponds with a decline in large investor accumulation. The number of transactions exceeding $1 million has also plummeted. These factors indicate a diminished confidence in DOGE, leading to increased selling pressure.

Santiment的鍊鍊數據顯示，交易顯著下降了100,000美元。鯨魚活動的減少與大型投資者積累的下降相對應。超過100萬美元的交易數量也暴跌。這些因素表明對門的信心降低，導致銷售壓力增加。

Technical Signals Point to Further Correction

技術信號指向進一步更正

Dogecoin's price has been below the $0.27 support level, indicating an extended bearish trend. The RSI value of 48 confirms the negative market sentiment. The bearish signal from the MACD indicator suggests a continued downward price movement.

Dogecoin的價格已低於0.27美元的支持水平，表明持續的看跌趨勢。 RSI值為48，證實了負面的市場情緒。 MACD指標的看跌信號表明價格繼續下降。

Derivative Data Indicates Weakening Interest

衍生數據表明興趣減弱

According to Coinglass, DOGE's open interest has decreased, indicating less interest among traders. This is further supported by the recent liquidations of long positions, highlighting significant sell pressure.

根據Coinglass的說法，Doge的開放興趣已減少，表明交易者的利息較少。最近長位置的清算進一步支持了這一點，強調了巨大的賣出壓力。

Outlook and Sentiment

展望和情感

The combination of declining whale activity and bearish technical signals paints a negative outlook for Dogecoin. Analysts predict a potential price drop to the $0.18 support level. However, some remain optimistic about a recovery, citing Elon Musk's past support for DOGE.

鯨魚活動和看跌技術信號的結合使狗狗幣的前景呈負面看法。分析師預測，潛在的價格下跌至0.18美元的支持水平。但是，有些人認為埃隆·馬斯克（Elon Musk）過去對杜格（Doge）的支持仍然對恢復保持樂觀。

Disclaimer: This article provides information only and should not be construed as investment advice.

免責聲明：本文僅提供信息，不應將其解釋為投資建議。