Amidst Meme Coin Fever, Dogecoin (DOGE) Faces Bearish Move and Horizontal Channel Formation
在 Meme 幣熱潮中,狗狗幣 (DOGE) 面臨看跌走勢和水平通道形成
Crypto Daily Trade Signals has observed a significant decline in demand for Dogecoin (DOGE), accompanied by a slight decrease in price. This decline has led to the formation of a horizontal channel, a technical pattern where prices fluctuate within a specific range.
加密貨幣每日交易訊號觀察到狗狗幣(DOGE)的需求大幅下降,同時價格略有下降。這種下跌導致了水平通道的形成,這是一種價格在特定範圍內波動的技術模式。
Dogecoin's Price and Demand Show Downward Trend
狗狗幣的價格與需求呈現下降趨勢
Crypto Daily Trade Signals' analysis explores the impact of this decline on DOGE, the largest meme coin, and its network activities. On Thursday, the analyst noticed a pessimistic trend in DOGE demand, with an 18% drop in the past week, followed by a 1% price decrease.
Crypto Daily Trade Signals 的分析探討了這種下跌對最大的模因幣 DOGE 及其網路活動的影響。週四,分析師注意到 DOGE 需求出現悲觀趨勢,過去一周下降 18%,隨後價格下跌 1%。
According to the expert, DOGE's price has been fluctuating within a narrow range due to the recent dip in demand. Along with the price oscillation, a horizontal channel has emerged. The report states:
專家表示,由於近期需求下降,DOGE的價格一直在窄幅波動。隨著價格的振盪,出現了水平通道。報告指出:
The demand for DOGE has declined, leading to price movement within a range.
DOGE 的需求下降,導致價格在一定範圍內波動。
On-chain data indicates that the demand for Dogecoin (DOGE) has weakened in the past week. This decline in network activity has caused its price to fluctuate within a tight range, forming a horizontal channel.
鏈上數據表明,過去一周對狗狗幣(DOGE)的需求有所減弱。網路活躍度的下降導致其價格窄幅波動,形成橫向通道。
Horizontal channels serve as trend lines, marking the price range between an upper resistance line and a lower support line. They connect alternating pivot highs and lows, depicting sideways movement or price ranges.
水平通道可作為趨勢線,標示上方阻力線和下方支撐線之間的價格範圍。它們連接交替的樞軸高點和低點,描繪橫向走勢或價格範圍。
Other key momentum indicators for DOGE suggest that neither buyers nor sellers hold market dominance. This decline could affect the memecoin's trajectory and potentially lead to consolidation.
DOGE 的其他關鍵動量指標表明,買家和賣家都沒有佔據市場主導地位。這種下降可能會影響模因幣的發展軌跡,並可能導致整合。
Crypto Daily Trade Signals also reported a drop in DOGE's daily completed transactions following the pessimistic demand. Data from IntoTheBlock shows an 18% decrease in the daily count of addresses completing transactions over the past seven days.
加密貨幣每日交易訊號還報告稱,由於悲觀的需求,DOGE 的每日完成交易量有所下降。 IntoTheBlock 的數據顯示,過去 7 天內每天完成交易的地址數量減少了 18%。
Similarly, there has been a decline in new demand for the digital asset, indicating reduced interest and adoption among crypto investors. IntoTheBlock also notes a 21% decrease in new addresses created to trade DOGE during the reviewed time period.
同樣,對數位資產的新需求也有所下降,這表明加密貨幣投資者的興趣和採用率有所下降。 IntoTheBlock 還注意到,在審查的時間段內,為交易 DOGE 而創建的新地址減少了 21%。
DOGE Primed for Double Price Rise
DOGE 準備雙倍漲價
Despite the price decline, Ali Martinez previously highlighted the potential for DOGE's price to double soon. At the time of the prediction, Dogecoin faced significant resistance between $0.166 and $0.171.
儘管價格下跌,阿里馬丁內斯此前還是強調了 DOGE 價格很快就會翻倍的潛力。在做出預測時,狗狗幣面臨 0.166 美元至 0.171 美元之間的重大阻力。
Martinez noted that over 75,000 addresses had acquired approximately 10 billion DOGE at that resistance level. If the asset manages to break above this level, its price could rally, with $0.322 as the next significant barrier.
Martinez 指出,在該阻力位,超過 75,000 個位址已獲得約 100 億個 DOGE。如果該資產成功突破這一水平,其價格可能會上漲,下一個重要障礙是 0.322 美元。
As of now, Dogecoin is trading at $0.1606, representing a 0.77% increase over the last 24 hours, with a 24-hour trading volume of $1.09 billion. Its market cap, valued at $23.21 billion, also shows a similar percentage gain over the past day.
截至目前,狗狗幣交易價格為0.1606美元,較過去24小時上漲0.77%,24小時交易量為10.9億美元。其市值為 232.1 億美元,過去一天也顯示出類似的百分比漲幅。
DOGE trades at $0.162 on the 1D chart | Source: DOGEUSDT on Tradingview.com
DOGE 一維圖表上的交易價格為 0.162 美元 |來源:Tradingview.com 上的 DOGEUSDT
Featured image from iStock, chart on Tradingview.com
精選圖片來自 iStock,Tradingview.com 上的圖表