Dogecoin Price Slumps Amidst Crypto Market Downturn

加密貨幣市場低迷期間狗狗幣價格暴跌

As Bitcoin plummeted 11.25% in value, the cryptocurrency market experienced a sell-off. Dogecoin, the popular memecoin, suffered a significant blow, losing 32% over the past three days.

隨著比特幣價值暴跌11.25%，加密貨幣市場經歷了拋售。流行的 memecoin 狗狗幣遭受了重大打擊，過去三天下跌了 32%。

Dogecoin Metrics

狗狗幣指標

According to DeFiLlama, Dogecoin's total value locked (TVL) has decreased by 32.65% since the market plunge began. Open interest has also dropped by nearly 50%.

據 DeFiLlama 稱，自市場暴跌開始以來，狗狗幣的總鎖定價值（TVL）已下降 32.65%。持倉量也下降了近50%。

Technical Analysis

技術分析

Dogecoin is currently trading at $0.28 with support near $0.27 from the 100-day moving average. The price has fallen below the 20- and 50-day moving averages, while the 200-day moving average is around $0.17. The RSI indicator is at 30.15, indicating that Dogecoin has entered oversold territory.

狗狗幣目前交易價格為 0.28 美元，支撐位接近 100 日移動平均線 0.27 美元。價格已跌破20日和50日移動平均線，而200日移動平均線約為0.17美元。 RSI指標位於30.15，顯示狗狗幣已進入超賣區域。

Trading Momentum

交易動力

Data from Coinglass shows that Dogecoin remains in a risky zone. The large number of short trades indicates that whales may be accumulating the token.

Coinglass 的數據顯示，狗狗幣仍處於風險區域。大量的空頭交易表明鯨魚可能正在累積代幣。

Outlook

前景

Dogecoin typically follows Bitcoin's price movements. As Bitcoin attempts to recover, we may see a similar pattern in Dogecoin. However, the possibility of a further decline cannot be ruled out.

狗狗幣通常跟著比特幣的價格走勢。隨著比特幣試圖復甦，我們可能會在狗狗幣中看到類似的模式。但不排除進一步下跌的可能性。

Trader Recommendations

交易者推薦

Given the volatility in the market, it is advisable to avoid leveraged trading during this period. Dollar-cost averaging may present an opportunity for long-term investors.

鑑於市場波動較大，建議在此期間避免槓桿交易。平均成本法可能為長期投資者提供機會。