Dogecoin Price Drops 4% Amid Meme Coin Slump

Meme 幣暴跌，狗狗幣價格下跌 4%

While other meme coins like PEPE Coin and Dogfi have surged recently, Dogecoin (DOGE), the largest meme coin, has performed poorly. Over the past 24 hours, DOGE has fallen another 4% to below $0.16, reflecting a broader decline in the meme coin sector.

雖然 PEPE Coin 和 Dogfi 等其他 meme 幣最近價格飆升，但最大的 meme 幣 Dogecoin (DOGE) 卻表現不佳。在過去 24 小時內，DOGE 又下跌 4%，至 0.16 美元以下，反映出模因幣領域的更廣泛下跌。

Factors Behind Dogecoin's Underperformance

狗狗幣表現不佳背後的因素

Market analyst Ali Martinez notes a key resistance zone for DOGE between $0.166 and $0.171. If DOGE can break above this level, it could potentially double in value, targeting the next resistance at $0.322.

市場分析師 Ali Martinez 指出 DOGE 的關鍵阻力區介於 0.166 美元至 0.171 美元之間。如果 DOGE 能夠突破這一水平，其價值可能會翻倍，下一個阻力位為 0.322 美元。

However, demand for Dogecoin has declined recently, while PEPE and WIF have rallied. According to IntoTheBlock, the number of daily addresses involved in DOGE transactions has dropped by 18% in the last week. New addresses created to trade DOGE have also decreased by 21%.

然而，狗狗幣的需求最近有所下降，而 PEPE 和 WIF 則有所上漲。根據IntoTheBlock統計，上週參與DOGE交易的每日地址數量下降了18%。用於交易 DOGE 的新地址也減少了 21%。

A decline in active and new addresses indicates lower overall trading volume. Santiment's data shows that DOGE's daily trading volume peaked at $3.01 billion on May 24 but has since fallen by 53%.

活躍地址和新地址的下降表示整體交易量下降。 Santiment的數據顯示，DOGE的每日交易量在5月24日達到30.1億美元的峰值，但此後已經下降了53%。

Trader Buys 2 Million DOGE Call Options

交易者買進 200 萬份 DOGE 買權

On May 29, a cryptocurrency trader purchased 2 million Dogecoin call options with a strike price of $0.22, expiring on June 14. This means DOGE would need to rise by 31% from current levels for the options to become profitable.

5 月29 日，一位加密貨幣交易員購買了200 萬份狗狗幣看漲期權，執行價格為0.22 美元，將於6 月14 日到期。盈利。

Bernd Sischka, chief commercial officer at derivatives exchange PowerTrade, believes altcoins have been lagging behind Ethereum's recent rally. He suggests that investors may be following Ethereum's lead and speculating on potential moves in altcoins. However, he adds that Dogecoin could be influenced by Elon Musk's decision to potentially incorporate it as a payment currency on Twitter.

衍生性商品交易所 PowerTrade 首席商務長 Bernd Sischka 認為，山寨幣一直落後於以太坊最近的漲勢。他建議投資人可能會追隨以太坊的腳步，猜測山寨幣的潛在走勢。不過，他補充說，狗狗幣可能會受到 Elon Musk決定將狗狗幣納入Twitter作為支付貨幣的影響。