Dogecoin Experiences Sharp Decline: A Path to Recovery?

Dogecoin經歷急劇下降：康復的途徑？

The leading memecoin, Dogecoin (DOGE), has seen a dramatic decrease in network activity since November 2024. Active addresses have fallen significantly, from 2.66 million to 130.28 million. While the price has shown a recent 2.42% increase to $0.2101 in the last 24 hours, the long-term trend raises serious questions about its potential for recovery.

自2024年11月以來，領先的紀念物Dogecoin（Doge）的網絡活動急劇下降。主動地址已從266萬降至1.3028億。雖然價格最近24小時內的2.42％增加到0.2101美元，但長期趨勢引發了有關其恢復潛力的嚴重問題。

Analyzing Dogecoin's Price Movements

分析Dogecoin的價格變動

Following a peak of $0.41796, Dogecoin's price has consolidated within a symmetrical triangle pattern. Currently trading at $0.2101, key support sits at $0.17594, while significant resistance levels are observed at $0.27155 and $0.31413. Failure to hold above $0.2100 could signal further price declines.

在$ 0.41796的高峰之後，Dogecoin的價格已在對稱的三角形模式下鞏固。 目前，鑰匙支持為0.2101美元，為0.17594美元，而明顯的阻力水平為0.27155美元和0.31413美元。 不超過$ 0.2100的價格可能會進一步下降。

Dogecoin DOGE

狗狗幣

Technical indicators, such as the Relative Strength Index (RSI), show a bearish trend, suggesting persistent selling pressure and hindering near-term recovery prospects.

技術指標（例如相對強度指數（RSI））顯示出看跌趨勢，表明持續的銷售壓力和阻礙了近期恢復前景。

Dogecoin's Recovery Potential: A Challenging Outlook

Dogecoin的恢復潛力：具有挑戰性的前景

Further complicating the situation, Dogecoin's Market Value to Realized Value (MVRV) ratio has dropped to 40.63%. Although not yet negative, this decrease indicates diminishing profitability for investors and potentially increased selling pressure.

進一步使情況復雜化，Dogecoin的市場價值與已實現價值（MVRV）的比率下降到40.63％。 儘管尚未負面，但這種減少表明投資者的盈利能力降低，並有可能增加銷售壓力。

The decline in transaction volume underscores waning user engagement. Under current market conditions, a substantial catalyst is needed to reignite interest in Dogecoin. Without such a catalyst, the outlook for a significant recovery remains uncertain.

交易量的下降突顯了用戶參與度的減弱。 在當前的市場條件下，需要大量的催化劑來重新點燃對狗狗的興趣。 沒有這樣的催化劑，重大恢復的前景仍然不確定。