Dogecoin Navigates Market Volatility and Anticipates Price Fluctuations

狗狗幣應對市場波動並預測價格波動

Dogecoin (DOGE) has consistently hovered around $0.1, with recent Bitcoin sell-offs exacerbating losses. Current market dynamics indicate a weakening in open positions for DOGE in futures and an uptick in Chaikin Money Flow (CMF). These indicators suggest potential price movements on the horizon.

狗狗幣（DOGE）一直徘徊在 0.1 美元左右，最近的比特幣拋售加劇了損失。目前的市場動態顯示 DOGE 期貨未平倉部位減弱，而 Chaikin 資金流 (CMF) 上升。這些指標顯示即將出現的潛在價格變動。

Open Interest (OI) Decline

未平倉合約 (OI) 下降

OI, which has plummeted to $2.51 billion, represents the lowest value for DOGE since the year's inception. Given recent liquidations and market uncertainty, the dwindling size of open positions in futures is unsurprising. This reduction suggests waning interest and a potential decline in spot price due to reduced market activity.

OI 已暴跌至 25.1 億美元，這是 DOGE 自今年以來的最低值。考慮到最近的清算和市場的不確定性，期貨未平倉部位規模的減少並不令人意外。這種減少表明興趣減弱，並且由於市場活動減少，現貨價格可能下跌。

The decline in open positions commenced on June 8th, paralleling similar trends observed in many altcoins. The size of open positions has diminished by approximately 80% over the past month, hovering around $10 billion a month ago. The DOGE price has subsequently fallen by over 30%, currently resting at $0.1.

未平倉部位從 6 月 8 日開始下降，與許多山寨幣中觀察到的類似趨勢相似。過去一個月，未平倉部位規模減少了約 80%，一個月前徘徊在 100 億美元左右。 DOGE 價格隨後下跌了 30% 以上，目前為 0.1 美元。

DOGE Price Predictions

DOGE 價格預測

In the futures market, the funding rate is negative, indicating pressure on short sellers. However, despite the significant contraction in open positions and the negative funding rate, CMF is exhibiting an upward trend. CMF is currently positioned at 0.03 above the zero line and continuing to rise. This indicates that money inflow in the spot market is surpassing outflow.

在期貨市場，資金利率為負，表示賣空者面臨壓力。然而，儘管未平倉部位大幅收縮且資金利率為負，CMF 仍呈現上升趨勢。 CMF目前位於零線上方0.03並持續上漲。這表示現貨市場資金流入超過流出。

This divergence, resembling a bullish pattern, suggests demand despite the declining price. If CMF remains robust and Bitcoin stabilizes above $57,000, DOGE could experience renewed price gains.

這種背離類似於看漲模式，顯示儘管價格下跌，但仍有需求。如果 CMF 保持強勁並且比特幣穩定在 57,000 美元以上，DOGE 可能會經歷新的價格上漲。

In a potential recovery, peaks between $0.11 and $0.13 are likely targets. Conversely, if the trend reverses, the downside risk extends down to $0.08. Bitcoin's inability to sustain a price above $58,000 and on-chain signals (such as Germany sales) have instilled fear among investors, triggering sell-offs. This cycle presents a continued short-term risk for DOGE.

在潛在的復甦中，0.11 美元至 0.13 美元之間的高峰可能是目標。相反，如果趨勢逆轉，下行風險將延伸至 0.08 美元。比特幣無法維持在 58,000 美元以上的價格以及鏈上訊號（例如德國銷售）給投資者帶來了恐懼，引發了拋售。這一週期為 DOGE 帶來了持續的短期風險。

Additionally, Dogecoin faces the setback of waning support from Elon Musk. For the time being, investors may adopt a cautious approach and monitor market developments.

此外，狗狗幣還面臨馬斯克支持減弱的挫折。目前，投資人可採取謹慎態度，關注市場動態。