Dogecoin Faces Potential Price Decline

狗狗幣面臨潛在的價格下跌

Dogecoin (DOGE) has remained range-bound since August 8, encountering resistance at $0.11 and support at $0.09. Recently, the cryptocurrency attempted to break above resistance, experiencing a 4% price surge over a week. However, negative divergence between price and trading volume suggests a possible price pullback.

自 8 月 8 日以來，狗狗幣 (DOGE) 一直保持區間波動，在 0.11 美元遇到阻力，在 0.09 美元遇到支撐。最近，加密貨幣試圖突破阻力位，一週內價格飆升 4%。然而，價格和交易量之間的負背離表明價格可能回調。

Resistance and Support Analysis

阻力和支撐分析

Dogecoin's movement within this horizontal channel reflects market uncertainty. Despite the price increase, trading volume has decreased by 37%, indicating a lack of sustained buying pressure. This divergence suggests a potential downward price adjustment.

狗狗幣在該水平通道內的走勢反映了市場的不確定性。儘管價格上漲，但成交量卻下降了37%，顯示缺乏持續的購買壓力。這種差異表明價格可能會向下調整。

Volume and Whale Activity

體積和鯨魚活動

Typically, healthy upward trends are accompanied by rising trading volumes. However, the current decline in volume during a price increase signals weakening momentum, suggesting the rally is supported by a limited number of investors.

通常，健康的上升趨勢伴隨著交易量的上升。然而，當前價格上漲期間成交量的下降表明勢頭減弱，表明反彈受到了有限數量投資者的支持。

The lack of whale activity further supports the bearish outlook. Data shows a 100% decline in net whale flow, indicating major players have refrained from trading. This absence of significant activity may leave the cryptocurrency vulnerable to a price drop.

鯨魚活動的缺乏進一步支持了看跌的前景。數據顯示，鯨魚淨流量下降了 100%，顯示主要參與者已停止交易。這種缺乏重大活動可能會使加密貨幣容易受到價格下跌的影響。

Key Points for Investors

投資者要點

• Market uncertainty is reflected in the range-bound movement.
• Diminishing trading volume despite price increases points to weakening momentum.
• Absence of whale trading activity indicates potential downward risk.
• Breaking above the channel resistance could lead to a price increase above $0.11, while failure to hold current levels may result in a drop to $0.09 or even $0.08.

Despite negative indicators, DOGE's price has shown tentative upward movement. While the DOGE/TRY pair is at 3.62 TL, the Parabolic Stop and Reverse (SAR) indicator has remained below the price level since August 10. A break above the channel resistance could potentially lift the price above $0.11, while a downward trend may bring it back to $0.09 support, possibly retreating further to $0.08.

市場的不確定性反映在區間波動中。目前的水平可能會導致跌至0.09 美元甚至0.08 美元。雖然DOGE/TRY 貨幣對處於3.62 TL，但自8 月10 日以來，拋物線停損和反轉(SAR) 指標一直低於該價格水準。下跌趨勢可能會帶來回到0.09美元的支撐位，可能進一步回落至0.08美元。