Dogecoin (DOGE) Embarks on a Downward Spiral with Technical Indicators Raising Concerns

Dogecoin has recently experienced a significant correction, dropping by 14% from recent highs. A technical analysis of the DOGE/USDT daily chart reveals several bearish signals that point to further potential declines.

Dogecoin（Doge）啟動了下降的螺旋，並帶有技術指標引起關注的Dogecoin最近進行了重大糾正，從最近的高點下降了14％。對Doge/USDT每日圖表的技術分析揭示了幾個看跌信號，這表明可能會進一步下降。

Resistance Rejection and Weak Buying Pressure

抵抗拒絕和購買壓力較弱

DOGE's inability to sustain prices above the $0.28 resistance level suggests a lack of buying pressure. This rejection has resulted in a substantial decline, indicating that sellers are currently in control of the market.

Doge無法維持價格高於0.28美元的電阻水平，這表明缺乏購買壓力。這種拒絕導致了大幅下降，表明賣方目前正在控制市場。

Bollinger Bands Indicate Increased Volatility and Bearish Momentum

布林樂隊表明波動性增加和看跌動量

The price action is approaching the lower Bollinger Band, which often signals increased selling pressure. The widening of these bands suggests increasing volatility, which typically precedes continued price movement in the prevailing direction. As DOGE trades near the lower band, bearish signals are amplified, pointing to potential further downside or consolidation at lower prices.

價格動作接近下Bollinger樂隊，該樂隊通常會提高銷售壓力。這些頻段的擴大表明波動性的增加，這通常是在沿主要方向持續的價格轉移之前的。正如下部樂隊附近的Doge交易一樣，看跌信號被放大，指出以較低的價格可能進一步的缺點或合併。

MACD Confirms Bearish Sentiment

MACD確認看跌情緒

The MACD indicator is firmly in bearish territory, with the signal line (orange) crossing below the MACD line (blue) and the histogram remaining negative. These factors collectively support the current downward momentum. Without any visible reversal signs in this indicator, the downtrend is likely to continue in the short term.

MACD指示器牢固地位於看跌區域，信號線（橙色）交叉MACD線（藍色），直方圖保持負面。這些因素集體支持當前的下降動量。在此指標中沒有任何可見的逆轉跡象，下降趨勢可能會在短期內繼續進行。

Support Levels to Monitor

支持水平以監視

A descending trendline on the chart acts as significant resistance, constraining DOGE's price within a downward channel. Currently, DOGE is testing a crucial support zone around $0.24, a critical juncture for the cryptocurrency.

圖表上的下降趨勢線是顯著的阻力，在向下渠道內限制了門的價格。目前，Doge正在測試一個至關重要的支撐區，左右是0.24美元，這是加密貨幣的關鍵時刻。

Should this support level break, traders may expect further declines toward $0.20 and potentially $0.15 based on historical support levels.

如果這種支持水平休息，交易者可能會預計，根據歷史支持水平，交易者可能會進一步下降至0.20美元，並可能為0.15美元。

Outlook for DOGE

Doge的前景

Dogecoin is currently in a strong short-term downtrend, with multiple technical indicators suggesting continued weakness. The recent rejection at $0.28 followed by a significant 14% decline confirms the dominance of sellers in the market. If the current support at $0.24 fails to hold, DOGE could face further declines toward $0.20 or lower levels.

Dogecoin目前處於強大的短期下降趨勢中，有多個技術指標表明持續疲軟。最近的拒絕率為0.28美元，其次下降了14％，這證實了賣方在市場上的主導地位。如果目前的支撐為$ 0.24，則Doge可能會進一步下降到0.20美元或更低的水平。

To reverse this bearish trend, DOGE would need to decisively break above the descending trendline and establish support above $0.28. Until these conditions are met, caution is advised for DOGE investors.

為了扭轉這種看跌趨勢，Doge需要果斷地超越下降趨勢線，並建立超過0.28美元的支持。在滿足這些條件之前，請謹慎投資者。