Dogecoin (DOGE): Bearish Trend Amidst Crypto Market Crash

狗狗幣（DOGE）：加密貨幣市場崩盤中的看跌趨勢

Cover image via U.Today

封面圖片來自 U.Today

The Dogecoin (DOGE) price has been in a bearish state for the last several weeks. Notably, the recent crypto market crash has had a significant impact on DOGE, causing a major price dip. Investors are closely watching the decision of the U.S. Federal Reserve's Federal Open Market Committee (FOMC) regarding interest rates.

過去幾週，狗狗幣（DOGE）的價格一直處於看跌狀態。值得注意的是，最近的加密貨幣市場崩盤對 DOGE 產生了重大影響，導致價格大幅下跌。投資者正在密切關注聯準會聯邦公開市場委員會（FOMC）有關利率的決定。

Furthermore, the sentencing of Binance founder Changpeng Zhao for money laundering violations on Tuesday sent shockwaves through the crypto market, contributing to the price decline.

此外，幣安創始人趙長鵬週二因洗錢違法行為被判刑，在加密貨幣市場引發衝擊，導致價格下跌。

End of Meme Coin Rally

Meme 幣拉力賽結束

Earlier this year, meme coins experienced a surge in prices. Dogecoin, the leading meme coin by market capitalization, led this resurgence and rallied significantly. However, the trend has reversed recently.

今年早些時候，模因幣的價格飆升。狗狗幣是市值領先的迷因幣，引領了這次復甦並大幅上漲。然而，這種趨勢最近發生了逆轉。

DOGE's price has plummeted from over $0.22 in early April to its current level of $0.125, a decline of 7.87% in the last 24 hours. Over the past 30 days, it has crashed by 39.29%. This not only highlights the volatility of the crypto market but also exposes the challenges facing the meme coin sector.

DOGE的價格從4月初的0.22美元以上暴跌至目前的0.125美元，過去24小時內下跌了7.87%。過去30天，暴跌39.29%。這不僅凸顯了加密貨幣市場的波動性，也揭露了迷因幣產業面臨的挑戰。

Bearish Dogecoin Metrics

看跌狗狗幣指標

CoinGlass data indicates that the DOGE price decline has led to $13.56 million in liquidations in the past 24 hours, with $12.44 million in long positions and $1.12 million in short positions. This data reflects the bearish sentiment among investors.

CoinGlass數據顯示，DOGE價格下跌在過去24小時內導致了1356萬美元的平倉，其中多頭頭寸為1244萬美元，空頭頭寸為112萬美元。該數據反映了投資人的看跌情緒。

Additionally, open interest in Dogecoin has dropped by 12.61% to $693.70 million in the last 24 hours, signaling a loss of investor interest in the meme coin.

此外，狗狗幣的未平倉合約在過去 24 小時內下降了 12.61% 至 6.937 億美元，顯示投資者對這種迷因幣的興趣喪失。