Dogecoin's Price Decline Persists

狗狗幣的價格持續下跌

Dogecoin (DOGE) has fallen below $0.12, extending its seven-day decline. This has raised concerns among DOGE investors, who hold the top spot among meme coins by market capitalization. Significant selling pressure at the current price level is also impacting the situation negatively.

狗狗幣（DOGE）已跌破 0.12 美元，延續了 7 天的跌勢。這引起了 DOGE 投資者的擔憂，他們在市值方面佔據模因幣的首位。當前物價水準的巨大拋售壓力也對局勢產生負面影響。

Resistance and Support Levels for Dogecoin

狗狗幣的阻力位和支撐位

DOGE has experienced a 13.67% drop over the past week, leading to continued investor anxiety. Data from leading market intelligence provider IntoTheBlock presents a similar outlook.

DOGE過去一週下跌13.67%，導致投資人持續焦慮。領先市場情報提供者 IntoTheBlock 的數據也呈現類似的前景。

According to IntoTheBlock, the In/Out of the Money Around Price (IOMAP) indicates potential selling pressure at the $0.11 level.

根據 IntoTheBlock 的數據，價格周圍資金進出 (IOMAP) 表明 0.11 美元水平存在潛在拋售壓力。

A higher number of addresses within a price range indicates stronger support or resistance at that level. On the left side of DOGE's price range (as shown in the graph above), 1.49 billion coins were purchased by 17,960 addresses, potentially preventing further price declines. However, 2.74 billion coins worth $300 million are held by 40,200 addresses on the right side.

價格範圍內的地址數量越多，表示該水準的支撐或阻力越強。在 DOGE 價格範圍的左側（如上圖所示），17,960 個地址購買了 14.9 億枚代幣，這可能會阻止價格進一步下跌。然而，右側 40,200 個地址持有 27.4 億枚價值 3 億美元的代幣。

This region is seen as a significant resistance barrier, preventing a price recovery to the support level. Failure to break through this level may lead DOGE to drop to the next support levels between $0.10 and $0.09.

該區域被視為重要的阻力位，阻止價格恢復至支撐位。如果未能突破該水平，DOGE 可能會跌至 0.10 美元至 0.09 美元之間的下一個支撐位。

Will DOGE Recover?

DOGE會康復嗎？

An analysis of the daily chart reveals that the price drop for DOGE started on July 27th, when it rose above $0.13. The decline over this period represents a 17.55% drop.

對日線圖的分析顯示，DOGE 的價格從 7 月 27 日開始下跌，當時價格升至 0.13 美元以上。在此期間下降了17.55%。

The Exponential Moving Average (EMA) provides insights into price direction. The EMA is a leading indicator that measures trend direction over a specific period.

指數移動平均線 (EMA) 提供對價格方向的洞察。 EMA 是衡量特定時期趨勢方向的領先指標。

At the time of writing, the 50 EMA (yellow) was below the 20 EMA (blue), indicating a downward trend.

截至撰寫本文時，50 EMA（黃色）低於 20 EMA（藍色），顯示呈下降趨勢。

If the current situation continues, DOGE may find support at the $0.11 level. However, selling pressure on Dogecoin could push the price down to $0.09.

如果目前的情況持續下去，DOGE 可能會在 0.11 美元水平找到支撐。然而，狗狗幣的拋售壓力可能會將價格推低至 0.09 美元。

However, a "golden cross" formation, where the 50 EMA crosses above the 20 EMA, could invalidate the downward outlook and shift DOGE's trend upward. In this scenario, DOGE's price could rise to $0.12 or $0.13.

然而，「金叉」形態（即 50 EMA 穿越 20 EMA 上方）可能會使下行前景無效，並使 DOGE 的趨勢向上移動。在這種情況下，DOGE 的價格可能會上漲至 0.12 美元或 0.13 美元。