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Dogecoin (DOGE), as the buying pressure begins to wane, might be ready to witness a decline in value. The altcoin market's increasing volatility exposes it to significant price volatility risks. Here are the details on the cryptocurrency!

隨著購買壓力開始減弱，狗狗幣（DOGE）可能已經準備好見證價值下跌。山寨幣市場的波動性不斷加大，使其面臨巨大的價格波動風險。這是有關加密貨幣的詳細資訊！

Current Data on DOGE!

DOGE 的最新數據！

DOGE's price has increased by 7% in the last 24 hours, yet it continues to follow a predominantly negative sentiment. At the time of writing, the token's weighted sentiment is -0.404, a metric that has been negative since May 5. A token's weighted sentiment measures the overall market sentiment surrounding it. The mentioned metric develops simple positive and negative sentiments by considering the importance of each mentioned sentiment. When it returns a negative value, the token's market succumbs to negative sentiments, hence a price drop is expected. Conversely, when the value is positive, bulls are in control.

DOGE 的價格在過去 24 小時內上漲了 7%，但仍主要是負面情緒。截至撰寫本文時，該代幣的加權情緒為 -0.404，該指標自 5 月 5 日以來一直為負值。透過考慮每個提到的情緒的重要性，上述指標形成了簡單的正面和負面情緒。當它返回負值時，代幣的市場就會屈服於負面情緒，因此預計價格會下跌。相反，當值為正時，多頭處於控制之中。

The downward trend in the DOGE market is also confirmed by the futures market open positions on exchanges, which have been in a decline since May 8. At the time of writing, this rate stood at $9.83 billion, having dropped by 7% since then. DOGE's futures open position represents the total number of unresolved or unclosed futures contracts. This decrease indicates an increase in the number of market participants exiting their positions without opening new ones.

DOGE市場的下跌趨勢也從交易所期貨市場的未平倉部位得到證實，自5月8日以來，未平倉部位一直在下降。以來已下降了7%。 DOGE 的期貨未平倉部位代表未結算或未平倉的期貨合約總數。這一下降表明，退出頭寸而不開立新頭寸的市場參與者數量有所增加。

Price Analysis of Dogecoin

狗狗幣價格分析

At the time of writing, DOGE is trading at a support level of $0.15. As observed on the weekly chart, the SAR indicator stands above the price, indicating a potential breakdown below this level. This indicator is used to determine potential trend directions and reversals. When dotted lines are placed above a token's price, it suggests that the market is in a downtrend. If these bearish predictions continue, the meme token's value could drop below $0.1, finding support at $0.08.

截至撰寫本文時，DOGE 的交易支撐位為 0.15 美元。從週線圖上可以看出，SAR 指標位於價格之上，表示可能會跌破該水準。此指標用於確定潛在的趨勢方向和反轉。當虛線位於代幣價格上方時，表示市場處於下跌趨勢。如果這些看跌預測持續下去，meme 代幣的價值可能會跌至 0.1 美元以下，並在 0.08 美元處找到支撐。

The widening gap between the upper and lower bands of the Bollinger Bands indicator signals increased market volatility, thus heightening this significant price fluctuation risk. However, if bulls regain control and DOGE's price enters an uptrend, it could initiate a rise towards the $0.17 resistance level.

布林線指標上下軌差距不斷擴大，預示著市場波動加劇，加劇了價格大幅波動的風險。然而，如果多頭重新獲得控制權並且 DOGE 的價格進入上升趨勢，則可能會上漲至 0.17 美元的阻力位。

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