Dogecoin Faces Headwinds Amidst Consolidation Phase

狗狗幣在整合階段面臨阻力

Dogecoin (DOGE) has struggled to sustain its upward momentum after briefly reaching a high of $0.48. It has since settled into a consolidation range between $0.42 and $0.37, influenced by heightened market volatility. Currently, DOGE trades at $0.3832, experiencing a 4.11% decline from the daily opening.

狗狗幣 (DOGE) 在短暫觸及 0.48 美元高點後，一直難以維持上漲勢頭。此後，受市場波動加劇的影響，其盤整區間在 0.42 美元至 0.37 美元之間。目前，DOGE 交易價格為 0.3832 美元，較每日開盤下跌 4.11%。

Bearish Sentiment Prevails

看跌情緒盛行

Bearish sentiment pervades the Dogecoin market, indicating a potential shift in market dynamics. As noted by crypto analyst Ali Martinez, bulls are becoming increasingly restless due to the prolonged stagnation in price. This sentiment reversal suggests a depletion of buying momentum, while selling pressure intensifies.

狗狗幣市場瀰漫著看跌情緒，顯示市場動態可能發生轉變。正如加密貨幣分析師阿里馬丁內斯（Ali Martinez）指出的那樣，由於價格長期停滯，多頭變得越來越不安。這種情緒逆轉表示購買動力減弱，而拋售壓力加劇。

With sellers controlling the market, downward pressure escalates, leading to a supply surplus and price declines. The downtrend in the Relative Strength Index (RSI) over the past 10 days further supports this bearish outlook. Investors are selling off recent gains without replenishing short-term declines, exacerbating the downward spiral.

由於賣方控制市場，下行壓力升級，導致供應過剩和價格下跌。過去 10 天相對強弱指數 (RSI) 的下降趨勢進一步支持了這種看跌前景。投資人正在拋售近期漲幅，而沒有彌補短期跌幅，加劇了下行螺旋。

Data from Coinglass reveals that short sellers dominate the market, accounting for 54% of open positions over the past 24 hours and 64% over the past 4 hours. This indicates a widespread anticipation of further price declines.

Coinglass的數據顯示，賣空者主導了市場，在過去24小時內佔未平倉部位的54%，在過去4小時內佔64%。這表明人們普遍預期價格將進一步下跌。

Technical Indicators Suggest Continued Weakness

技術指標顯示持續疲軟

Dogecoin's price charts provide additional evidence of a deteriorating market condition. The positive directional index (+DI) has been steadily falling, signaling a loss of bullish momentum. Simultaneously, the strengthening downtrend suggests diminished buying activity and elevated bearish pressure.

狗狗幣的價格圖表提供了市場狀況惡化的額外證據。正向指數（+DI）一直在穩定下跌，顯示看漲勢頭正在喪失。同時，下行趨勢的加強顯示購買活動減少和看跌壓力加大。

Another key indicator, the Price DAA (Daily Active Addresses) differential, has remained negative throughout the week, indicating declining investor interest in the asset. Such circumstances could lead to further losses, potentially pushing DOGE as low as $0.367 under persistent bearish pressure.

另一個關鍵指標，DAA（每日活躍地址）價格差，本週一直保持負值，顯示投資者對該資產的興趣下降。這種情況可能會導致進一步的損失，在持續的看跌壓力下，DOGE 可能會跌至 0.367 美元。

Market Dynamics and Sentiment Impact Dogecoin

市場動態與情緒影響 狗狗幣

The confluence of fluctuating market conditions and bearish sentiment has weighed heavily on Dogecoin during the recent trading session. Despite technical indicators predicting a further decline, the market remains dynamic. An influx of new demand could potentially alter this trend, emphasizing the importance of monitoring technical signals and broader market factors to navigate price fluctuations.

在最近的交易時段中，市場狀況波動和看跌情緒的共同作用對狗狗幣造成了沉重壓力。儘管技術指標預測將進一步下跌，但市場仍充滿活力。新需求的湧入可能會改變這一趨勢，強調監測技術訊號和更廣泛的市場因素以應對價格波動的重要性。