Dogecoin Price Dives Below $0.33 Amidst Bearish Signals

狗狗幣價格在看跌訊號中跌破 0.33 美元

Dogecoin (DOGE) has experienced a significant decline, plummeting over 30% from its yearly peak of $0.48 earlier this month. This downturn is attributed to several bearish indicators that suggest the price could continue to drop in the coming months.

狗狗幣 (DOGE) 經歷了大幅下跌，較本月初 0.48 美元的年度高峰暴跌超過 30%。這種低迷歸因於幾個看跌指標，這些指標表明價格可能在未來幾個月繼續下跌。

Technical indicators indicate that DOGE faces the prospect of falling below $0.20.

技術指標顯示DOGE面臨跌破0.20美元的前景。

Key Bearish Patterns

關鍵看跌形態

The DOGE/USD daily chart has witnessed the emergence of a critical bearish pattern known as the "Death Cross." This pattern occurs when a short-term moving average, such as the 50-day moving average, crosses below a long-term moving average, such as the 200-day moving average. The crossover on December 18 triggered a price drop of approximately 20% for DOGE, signaling a shift in market sentiment from bullish to bearish.

DOGE/USD 日線圖見證了一種被稱為「死亡交叉」的關鍵看跌模式的出現。當短期移動平均線（例如 50 日移動平均線）低於長期移動平均線（例如 200 日移動平均線）時，就會出現這種模式。 12 月 18 日的交叉引發 DOGE 價格下跌約 20%，標誌著市場情緒從看漲轉向看跌。

Weakening Trend

減弱趨勢

The recent price declines have eroded any previous long-term gains, indicating a weakening trend. The Super Trend Indicator for DOGE highlights that the price remains below the red line, suggesting persistent selling pressure.

最近的價格下跌已經侵蝕了先前的長期漲幅，顯示趨勢正在減弱。 DOGE 的超級趨勢指標強調價格仍低於紅線，顯示拋售壓力持續存在。

Support and Resistance Levels

支撐位和阻力位

DOGE is currently trading below $0.33. If selling continues, the price may slide towards $0.28. Should this support level fail to hold, the next significant support level to monitor is at $0.23.

DOGE 目前的交易價格低於 0.33 美元。如果繼續拋售，價格可能會滑向 0.28 美元。如果未能守住該支撐位，則下一個需要監控的重要支撐位是 0.23 美元。