The king of cryptocurrency continues to fluctuate, and after testing the latest resistances, the price has eased towards support. While BTC price has largely remained stable, DOGE, which has stayed mostly stagnant, suffered significant losses from the recent drop. As most altcoins share this fate, Bitcoin market dominance has once again risen above 50%.

加密貨幣之王持續波動，在測試最新阻力後，價格已回落至支撐位。儘管BTC價格基本上保持穩定，但DOGE基本上停滯不前，因近期下跌而蒙受了重大損失。由於大多數山寨幣都有相同的命運，比特幣的市場主導地位再次上升到 50% 以上。

Dogecoin (DOGE) Analysis

狗狗幣（DOGE）分析

Yesterday, DOGE price lost its 120-day horizontal support. In the DOGE price predictions articles we have shared over the past 14 days, we have constantly emphasized this risk. The drop was fueled by miner sales, with the final push coming from BTC losses. As a result, DOGE fell below $0.06 due to the losses in Bitcoin price.

昨天，DOGE 價格失去了 120 日水平支撐。在我們過去14天分享的DOGE價格預測文章中，我們不斷強調這種風險。礦商拋售推動了下跌，而最後的推動力來自比特幣的損失。結果，由於比特幣價格下跌，DOGE 跌破 0.06 美元。

On the daily chart, the $0.06 support has been noticeably significant since June 10. In addition to losing this level, the price formed a descending triangle, which is considered a bearish pattern, trading below a declining resistance trend line since July 25.

日線圖上，自6 月10 日以來，0.06 美元的支撐位一直非常重要。除了失去該水平外，價格還形成了一個下降三角形，這被認為是看跌模式，自7 月25 日以來交易在下降阻力趨勢線下方。

DOGE price, which dropped to $0.057, the lowest price since August 17, is still close to the $0.055 support level.

DOGE 價格跌至 0.057 美元，為 8 月 17 日以來的最低價格，仍接近 0.055 美元的支撐位。

DOGE Price Prediction

DOGE價格預測

The daily RSI supports a downward trend, and the readings on the weekly chart are not promising either. DOGE price is trading within a larger descending triangle formation with a base at $0.057. As mentioned earlier, this is a bearish formation, and if the base is lost, further losses are likely to accelerate.

日線 RSI 支援下降趨勢，週線圖上的讀數也不樂觀。 DOGE 價格在較大的下降三角形內交易，底部為 0.057 美元。如前所述，這是一個看跌形態，如果底部失守，進一步的損失可能會加速。

If the base line is lost, a 67% loss can occur, which means the price could drop to $0.02, as indicated by the descending triangle.

如果基準損失，可能會出現 67% 的損失，這意味著價格可能會跌至 0.02 美元，如下降三角形所示。

Some experts are concerned about BTC losing $26,800 in the near future and dropping to $25,000 and $23,000. In this scenario, DOGE price could also drop to $0.02 due to the impact of overselling (as indicated by the descending triangle).

一些專家擔心BTC在不久的將來會損失26,800美元，並跌至25,000美元和23,000美元。在這種情況下，由於超賣的影響，DOGE 價格也可能跌至 0.02 美元（如下降三角形所示）。

Of course, technical analysis does not predict the future and does not have to follow price formations. However, past experiences indicate that this is the most likely scenario. The weekly chart also supports the downward trend in RSI.

當然，技術分析並不預測未來，也不必遵循價格形成。然而，過去的經驗表明，這是最有可能發生的情況。週線圖也支援RSI的下降趨勢。

Despite the bearish prediction, if DOGE price bounces from $0.057, it could recover up to the long-term declining resistance trend line at $0.07.

儘管有看跌的預測，但如果 DOGE 價格從 0.057 美元反彈，則可能會恢復至 0.07 美元的長期下降阻力趨勢線。

繼續閱讀：https://en.coin-turk.com/dogecoin-doge-price-could-drop-by-67-pay-attention-to-ritic-level/