Dogecoin Price Roller Coaster, Oversold Indicator Emerges

狗狗幣價格雲霄飛車，超賣指標出現

The price of Dogecoin (DOGE) has experienced significant volatility over the past 24 hours, declining by over 11%. This price movement resulted in liquidations worth over $35.1 million.

狗狗幣（DOGE）的價格在過去 24 小時內經歷了大幅波動，下跌了 11% 以上。此次價格變動導致價值超過 3510 萬美元的清算。

Despite the recent losses, one technical indicator suggests that Dogecoin may be undervalued. The Bollinger Bands, developed by John Bollinger, indicate when an asset is overbought or oversold.

儘管最近出現虧損，但一項技術指標表明狗狗幣可能被低估。布林線由約翰·布林格 (John Bollinger) 開發，表明資產何時超買或超賣。

The Bollinger Bands consist of a 20-day moving average with upper and lower deviation bands. When the price moves outside of these bands, it can signal an imbalance in supply and demand.

布林線由 20 日移動平均線和上下偏差帶組成。當價格超出這些範圍時，可能表示供需不平衡。

Currently, Dogecoin's price has fallen below the lower Bollinger Band on all time frames, including the daily chart. This indicates that the asset is oversold and historically suggests a potential for a correction.

目前，狗狗幣的價格在所有時間範圍內（包括日線圖）都已跌破布林線下軌。這表明該資產已超賣，並且從歷史角度來看，存在回調的可能性。

However, it is important to note that technical indicators alone cannot predict future price movements with certainty. The timing of a potential reversal remains uncertain.

然而，值得注意的是，僅靠技術指標並不能準確預測未來的價格走勢。潛在逆轉的時間仍不確定。