Dogecoin Faces Potential Price Drop

狗狗幣面臨潛在的價格下跌

Dogecoin (DOGE) has seen a 2.87% decrease in value over the last 24 hours, currently priced at $0.106. This drop is part of a larger trend within a descending channel formation that has persisted for 106 days. DOGE fell below a crucial support level on June 17, establishing lower lows and having difficulty sustaining upward momentum beyond this now-resistance level.

狗狗幣 (DOGE) 的價值在過去 24 小時內下跌了 2.87%，目前價格為 0.106 美元。這次下跌是下降通道形成中更大趨勢的一部分，該通道已持續 106 天。 6 月 17 日，DOGE 跌破關鍵支撐位，創下更低的低點，並且難以維持突破當前阻力位的上行勢頭。

Price Prediction

價格預測

Technical indicators suggest DOGE may be poised for further decline due to a bear flag formation on the daily chart. A downward breakout from this formation could result in an 18% drop, bringing the price to $0.085.

技術指標表明，由於日線圖上形成熊旗，DOGE 可能會進一步下跌。向下突破該形態可能會導致 18% 的下跌，使價格達到 0.085 美元。

The Chaikin Money Flow and Relative Strength Index indicators also indicate a bearish outlook, reflecting a decrease in buying pressure and downward momentum.

Chaikin 資金流向和相對強弱指數指標也顯示看跌前景，反映出購買壓力和下行動力的減弱。

Key Support and Resistance Levels

關鍵支撐位和阻力位

If DOGE experiences a downward breakout, key support levels to monitor are $0.103 and $0.091. Conversely, if it regains positive momentum, it could potentially rise to $0.13, encountering resistance at $0.116 and $0.125.

如果 DOGE 經歷向下突破，需要監控的關鍵支撐位是 0.103 美元和 0.091 美元。相反，如果它重新獲得積極勢頭，則可能上漲至0.13美元，並在0.116美元和0.125美元處遇到阻力。

Market Factors

市場因素

Dogecoin's price is heavily influenced by movements in Bitcoin (BTC) and broader market trends. In 2024, there have been few significant developments for DOGE. Speculation about its acceptance as a payment method for Tesla remains notable, but a recent surge in Bitcoin selling led to a 26% decline in DOGE's value, potentially setting the stage for further erosion.

狗狗幣的價格很大程度上受到比特幣（BTC）趨勢和更廣泛市場趨勢的影響。 2024 年，DOGE 幾乎沒有任何重大進展。有關特斯拉接受其作為支付方式的猜測仍然值得注意，但近期比特幣銷售激增導致 DOGE 價值下跌 26%，可能為進一步侵蝕奠定基礎。

Open Interest and Investor Sentiment

未平倉合約和投資者情緒

Data from Coinalyze shows that DOGE's total Open Interest has decreased by 0.26% over the last 24 hours, suggesting a modest reduction in new funds entering the market. Nonetheless, investors with active positions tend to remain optimistic, with 74% holding long positions and 25% holding short positions.

Coinalyze 的數據顯示，DOGE 的未平倉總量在過去 24 小時內下降了 0.26%，這表明進入市場的新資金略有減少。儘管如此，持有活躍頭寸的投資者往往保持樂觀，74%的人持有多頭頭寸，25%的人持有空頭部位。

On-chain data from Into The Block indicates that 73% of DOGE investors are currently in profit, while 25% are at a loss.

Into The Block 鏈上數據顯示，目前 73% 的 DOGE 投資者處於獲利狀態，25% 處於虧損狀態。