Dogecoin Plunges Below $0.40 as Investors Turn to TRUMP Memecoin

隨著投資者轉向川普 Memecoin，狗狗幣跌破 0.40 美元

Dogecoin (DOGE) has experienced a significant decline, dropping below $0.40 on January 19th. This shift in the market is attributed to the emergence of TRUMP, a new memecoin associated with Donald Trump.

狗狗幣 (DOGE) 經歷了大幅下跌，於 1 月 19 日跌破 0.40 美元。市場的這種轉變歸因於川普的出現，川普是一種與唐納德·川普相關的新迷因幣。

TRUMP's Meteoric Rise

川普的崛起

TRUMP has rapidly gained popularity since its launch on Truth Social on January 18th. Within 48 hours, its market capitalization reached an impressive $7.2 billion, overshadowing DOGE and Shiba Inu (SHIB).

自 1 月 18 日在 Truth Social 上發布以來，《川普》迅速受到歡迎。 48 小時內，其市值達到令人印象深刻的 72 億美元，超越了 DOGE 和 Shiba Inu (SHIB)。

Potential Rebound for DOGE

DOGE的潛在反彈

Despite its recent decline, technical indicators suggest that DOGE has the potential to rebound to $0.40 if buyer interest increases. However, the continued focus on TRUMP remains a key factor affecting DOGE's price.

儘管最近有所下跌，但技術指標表明，如果買家興趣增加，DOGE 有潛力反彈至 0.40 美元。然而，對川普的持續關注仍然是影響 DOGE 價格的關鍵因素。

Technical Analysis

技術分析

Bollinger Bands indicate price contraction, and DOGE is currently testing support at $0.3593. Further selling pressure could lead to a drop to $0.3027.

布林線顯示價格收縮，DOGE 目前正在測試 0.3593 美元的支撐位。進一步的拋售壓力可能導致價格跌至 0.3027 美元。

Market Dynamics

市場動態

The trading volume for TRUMP has skyrocketed to $14.8 billion, significantly higher than DOGE's $5.4 billion. This shift suggests investors are moving their funds from DOGE to TRUMP in search of potential profit.

TRUMP 的交易量已飆升至 148 億美元，明顯高於 DOGE 的 54 億美元。這一轉變表明，投資者正在將資金從 DOGE 轉向川普，以尋求潛在利潤。

Conclusion

結論

Dogecoin's decline is a reflection of the market's evolving dynamics. The emergence of TRUMP has shifted the focus of investors, and technical analysis indicates further downside risk for DOGE. However, the possibility of a rebound remains if buyer interest renews.

狗狗幣的下跌反映了市場動態的變化。川普的出現轉移了投資人的注意力，技術分析顯示DOGE有進一步下行風險。然而，如果買家興趣恢復，反彈的可能性仍然存在。