Dogecoin investors are feeling uneasy as Elon Musk faces another round of testimony. Following news that Musk, leader of the X platform, must testify again in a regulatory investigation related to his purchase of Twitter.

隨著馬斯克面臨新一輪證詞，狗狗幣投資者感到不安。先前有消息稱，X平台負責人馬斯克必須在與其收購Twitter相關的監管調查中再次作證。

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Dogecoin’s value has taken a significant hit, dropping by 4.5%. This situation introduces uncertainty for Dogecoin, a cryptocurrency known for being influenced by Musk’s social media posts.

狗狗幣的價值遭受了重大打擊，下跌了 4.5%。這種情況為狗狗幣帶來了不確定性，狗狗幣是一種因受到馬斯克社群媒體貼文影響而聞名的加密貨幣。

Dogecoin Faces Technical Challenges Amid Regulatory Concerns

Dogecoin has encountered resistance at the 50-day Exponential Moving Average (EMA), signaling a struggle for bulls to push the price higher. This level currently acts as a barrier for potential upward movements. Additionally, trading volume has been on a declining trend, indicating reduced interest or a consolidation phase, which could lead to further price fluctuations.

狗狗幣在監管擔憂中面臨技術挑戰狗狗幣在 50 天指數移動平均線 (EMA) 遇到阻力，這表明多頭很難推高價格。該水平目前是潛在上漲的障礙。此外，交易量一直呈下降趨勢，顯示興趣減少或進入盤整階段，這可能導致價格進一步波動。

DOGE/USDT Chart by TradingView

DOGE/USDT 圖表（由 TradingView 提供）

Technical analysis highlights the 200-day EMA as the next critical support level for Dogecoin. If the price descends to this level, strong buying interest may emerge, potentially halting the decline and stabilizing the price.

技術分析強調 200 日均線是狗狗幣的下一個關鍵支撐位。如果價格跌至這一水平，可能會出現強烈的購買興趣，從而有可能阻止跌勢並穩定價格。

Investor Concerns and Regulatory Implications

Investors are primarily concerned about the potential legal consequences of Elon Musk’s testimony. If Dogecoin is deemed a security during the proceedings, it could face stringent regulations, impacting its market performance and investor sentiment.

If Dogecoin maintains its position above the 200-day EMA and mitigates negative sentiment from Musk’s legal situation, it could experience a rebound. However, failing to hold the 200-day EMA support may lead to further declines toward lower support levels around $0.065.

投資者擔憂和監管影​​響投資者主要擔心馬斯克證詞的潛在法律後果。如果狗狗幣在訴訟過程中被視為證券，它可能會面臨嚴格的監管，從而影響其市場表現和投資者情緒。如果狗狗幣維持在200 日均線上方，並減輕馬斯克法律狀況帶來的負面情緒，它可能會反彈。然而，未能守住 200 日均線支撐位可能會導致進一步下跌至 0.065 美元左右的較低支撐位。

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This situation underscores the significant influence of regulatory scrutiny on crypto assets, particularly those like Dogecoin, which have gained prominence partly through celebrity endorsements.

這種情況凸顯了監管審查對加密資產的重大影響，尤其是像狗狗幣這樣的資產，這些資產在一定程度上是透過名人代言而獲得關注的。

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

重要提示：請注意，本文僅旨在提供信息，不應被視為法律、稅務、投資、財務或任何其他類型的建議。