You can also read this news on COINTURK NEWS: Dogecoin Faces Challenges in the Meme Coin Market
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Dogecoin‘s rise last month might disappear as the downtrend continues to overshadow any upward trends. Notably, Dogecoin‘s growth was remarkable in the generally declining meme coin market. However, fundamental indicators still show that bears are in control of the market, suggesting that Dogecoin’s gains could be quickly erased.
由於下跌趨勢繼續掩蓋任何上漲趨勢,狗狗幣上個月的上漲可能會消失。值得注意的是,在普遍下滑的迷因幣市場中,狗狗幣的成長非常顯著。然而,基本面指標仍然顯示空頭控制著市場,這表明狗狗幣的漲幅可能很快就會被抹去。
Dogecoin Stands Out in the Meme Coin Field
狗狗幣在 Meme 幣領域中脫穎而出
According to the latest report by IntoTheBlock, Dogecoin (DOGE) was the only leading meme coin to record gains last month despite the downturn in the meme coin market. Data providers on the blockchain indicate that DOGE‘s price increased by 4.43% over the last 30 days, while other leading meme coins like Pepe (PEPE) and Shiba Inu (SHIB) saw declines of 33% and 25.28%, respectively.
根據 IntoTheBlock 的最新報告,儘管迷因幣市場低迷,狗狗幣(DOGE)是上個月唯一錄得漲幅的領先迷因幣。區塊鏈上的數據提供商表明,DOGE 的價格在過去 30 天內上漲了 4.43%,而 Pepe (PEPE) 和 Shiba Inu (SHIB) 等其他領先的 meme 幣的價格分別下跌了 33% 和 25.28%。
However, the sustainability of these gains for Dogecoin appears doubtful. According to data, DOGE’s price has fallen by 6% in the last 24 hours, reflecting the overall market downturn. Meanwhile, the total value of the cryptocurrency market also dropped by 2.38% during the same period.
然而,狗狗幣這些收益的可持續性似乎令人懷疑。數據顯示,DOGE的價格在過去24小時內下跌了6%,反映出市場整體低迷。同時,加密貨幣市場總價值在同一時期也下跌了2.38%。
Technical Indicators Are Negative for Dogecoin
技術指標對狗狗幣不利
Technical indicators are also not favorable for Dogecoin. Key technical indicators, especially the Moving Average Convergence Divergence (MACD), indicate that the downtrend is still ongoing. Since the MACD line has remained below the signal line, it suggests that the momentum is in a downtrend.
技術指標也不利於狗狗幣。關鍵技術指標,特別是移動平均線收斂分歧(MACD),顯示下降趨勢仍在持續。由於MACD線仍位於訊號線下方,顯示動量處於下降趨勢。
Moreover, since the negative direction index (red) has positioned above the positive index (green), it seems like Dogecoin’s sellers are regaining control of the market. This could be interpreted as a sign of a potential downward movement.
此外,由於負向指數(紅色)位於正向指數(綠色)上方,狗狗幣的賣家似乎正在重新控制市場。這可以被解釋為潛在下行趨勢的跡象。
CMF Metric Also Points to a Decline
CMF 指標也出現下降
The Chaikin Money Flow (CMF) indicator is also not promising for the cryptocurrency Dogecoin. The CMF shows a negative value, indicating an increase in liquidity outflows, which highlights the market’s weakness.
Chaikin 資金流向(CMF)指標對於加密貨幣狗狗幣來說也不樂觀。 CMF呈現負值,顯示流動性流出增加,凸顯市場疲軟。
In conclusion, although Dogecoin’s rise last month was notable, the current indicators and market conditions suggest that the sustainability of these gains is doubtful. Investors should be cautious about the future of Dogecoin and closely monitor market developments. As of writing, DOGE is trading at $0.14.
總而言之,儘管狗狗幣上個月的漲幅引人注目,但目前的指標和市場狀況表明,這些漲幅的可持續性值得懷疑。投資者應對狗狗幣的未來持謹慎態度,並密切關注市場動態。截至撰寫本文時,DOGE 的交易價格為 0.14 美元。
The post first appeared on COINTURK NEWS: Dogecoin Faces Challenges in the Meme Coin Market
該帖子首次出現在 COINTURK 新聞:狗狗幣在 Meme 幣市場面臨挑戰