Dogecoin price has always responded to news of Tesla founder Elon Musk engaging with the meme coin. The same was expected this week.

狗狗幣的價格總是對特斯拉創始人馬斯克參與迷因幣的消息做出反應。預計本周也會出現同樣的情況。

However, the broader market conditions weighed much more heavily on the price action, resulting in DOGE seeing red on the chart.

然而，更廣泛的市場狀況對價格走勢的影響更大，導致 DOGE 在圖表上出現紅色。

Dogecoin Feigns No More

Dogecoin’s price first reacted to Elon Musk in 2021 and has since formed a bond with Tesla’s founder. This bond weakened over the last year as Musk’s interest shifted from DOGE to Artificial Intelligence.

狗狗幣不再假裝狗狗幣的價格在 2021 年首次對馬斯克做出反應，此後與特斯拉創始人建立了聯繫。隨著馬斯克的興趣從 DOGE 轉向人工智慧，這種債券在去年有所減弱。

However, the DOGE community rejoiced this week as Musk went on to speak in favor of the meme coin. During a session at Tesla’s Berlin Gigafactory, Musk stated that Dogecoin would be enabled as a means of payment for Tesla purchases. He went on to call the dog token the “people’s crypto.”

然而，本週，隨著馬斯克繼續發表支持迷因幣的言論，DOGE 社群歡欣鼓舞。在特斯拉柏林超級工廠的一次會議上，馬斯克表示，狗狗幣將作為特斯拉購買的支付方式。他接著將狗代幣稱為「人民的加密貨幣」。

Surprisingly, this did not impact the Dogecoin price in any capacity and even failed to prevent a drawdown. DOGE is set to initiate a downtrend owing to the broader market cues.

令人驚訝的是，這並沒有對狗狗幣的價格產生任何影響，甚至未能阻止其下跌。由於更廣泛的市場線索，DOGE 將啟動下跌趨勢。

Over the past 24 hours, Bitcoin prices have declined considerably, and Dogecoin prices have followed the same trend. Since the meme coin shares a high correlation of 0.89 with BTC, it was directly influenced.

Sponsored.divm, .divd {display: none;}@media 螢幕和 (max-width: 768px) {.divm {display: block;}}@media 螢幕和 (min-width: 769px) {.divd {display: block;}}贊助過去24小時內，比特幣價格大幅下跌，狗狗幣價格也遵循同樣的趨勢。由於meme幣與BTC的相關性高達0.89，因此受到直接影響。

Furthermore, the cryptocurrency notes no support from its investors, who have begun falling back as the bullish momentum wanes. The addresses that have been conducting transactions on the network have declined considerably.

狗狗幣與比特幣的相關性。資料來源：IntoTheBlock 此外，該加密貨幣沒有得到投資者的支持，隨著看漲勢頭減弱，投資者已開始回落。一直在網路上進行交易的地址已大幅減少。

The bullish community did not contribute to actual activity on-chain, bringing the active addresses down to a four-week low.

看漲社群並沒有對鏈上的實際活動做出貢獻，導致活躍地址降至四週低點。

DOGE Price Prediction: A 20% Correction Cannot Be Ruled Out

Looking at the daily chart, it can be seen that the Dogecoin price is not too far from beginning a downtrend. The first signal comes from the Moving Average Convergence Divergence (MACD).

贊助贊助狗狗幣活躍地址。資料來源：SantimentDOGE 價格預測：不排除 20% 的回檔從日線圖來看，可以看出狗狗幣價格距離開始下跌趨勢已經不遠了。第一個訊號來自移動平均收斂分歧（MACD）。

MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. It consists of a MACD line (the difference between a short-term and a long-term exponential moving average) and a signal line (a moving average of the MACD line).

MACD 是一種趨勢追蹤動量指標，顯示證券價格的兩條移動平均線之間的關係。它由 MACD 線（短期和長期指數移動平均線之間的差異）和訊號線（MACD 線的移動平均線）組成。

At the time of writing, these averages are forming a bearish crossover for the first time in a month. Usually, these crossovers are followed by considerable corrections since the market is still cooling down. In the case of DOGE, a fall to $0.147 or $0.134 is possible, marking a 12% or 20% correction, respectively.

在撰寫本文時，這些均線一個月來首次形成看跌交叉。通常，由於市場仍在降溫，這些交叉之後會出現相當大的調整。就 DOGE 而言，有可能跌至 0.147 美元或 0.134 美元，分別標誌著 12% 或 20% 的調整。

Nevertheless, the 50-day Exponential Moving Average (EMA) is still positive, sitting underneath the candlestick. If this level continues acting as a support, Dogecoin price could have a shot at recovery, bouncing off $0.164.

DOGE/USDT 1 日圖表。資料來源：TradingView 然而，50 天指數移動平均線 (EMA) 仍然為正，位於燭台下方。如果該水準繼續作為支撐，狗狗幣價格可能會反彈，反彈至 0.164 美元。

If DOGE successfully manages to breach through $0.182, the bearish thesis would be invalidated, opening the meme coin up to a rally to $0.20.

Sponsored.divm, .divd {display: none;}@media 螢幕和 (max-width: 768px) {.divm {display: block;}}@media 螢幕和 (min-width: 769px) {.divd {display: block;}}贊助如果DOGE 成功突破0.182 美元，則看跌論點將失效，從而使meme 幣上漲至0.20 美元。