Dogecoin Price Falls Over 21% in a Month, Despite Elon Musk's Tweet

儘管 Elon Musk 發推文，狗狗幣價格一個月內仍下跌超過 21%

The price of Dogecoin (DOGE) has plummeted more than 21% in the past month, continuing its downward trend after a slight drop in the past 24 hours. At 11:40 p.m. EST, DOGE was trading at $0.1038.

狗狗幣（DOGE）的價格在過去一個月暴跌超過21%，在過去24小時小幅下跌後延續下跌趨勢。晚上 11:40美國東部時間，DOGE 交易價格為 0.1038 美元。

During the past day of trading, the DOGE price fell to an intraday low of $1.1014 before recovering to its current level, which is closer to its 24-hour high of $1.1056 than its low.

在過去的交易日中，DOGE 價格跌至盤中低點 1.1014 美元，然後恢復至當前水平，該水平比其低點更接近 24 小時高點 1.1056 美元。

Despite a recent Tweet by SpaceX and Tesla founder Elon Musk, the price of DOGE has continued to decline over the past 24 hours. In response to reports that former President Donald Trump would consider offering him a cabinet post if elected in November, Musk tweeted, "I am willing to serve."

儘管 SpaceX 和特斯拉創始人 Elon Musk 最近發推文，但 DOGE 的價格在過去 24 小時內持續下跌。有報道稱，如果 11 月當選，前總統唐納德·特朗普將考慮向他提供內閣職位，馬斯克在推特上回應稱，“我願意任職”。

In the past, Musk's DOGE-related posts have had a positive impact on the meme coin's price. However, his influence on DOGE appears to be waning as the meme coin continues to trade in the red.

過去，馬斯克的 DOGE 相關貼文對 meme 幣的價格產生了積極影響。然而，隨著迷因幣繼續虧損，他對 DOGE 的影響力似乎正在減弱。

Dogecoin Price Unable to Escape Consolidation

狗狗幣價格無法逃脫整合

Technical analysis suggests that the Dogecoin price is currently trapped in a consolidation channel between a resistance level at $0.1074 and an immediate support level at $0.0949. DOGE has traded within this range for the past several days.

技術分析表明，狗狗幣價格目前陷入阻力位 0.1074 美元和即時支撐位 0.0949 美元之間的盤整通道。過去幾天，DOGE 一直在這個區間內交易。

If sellers decide to sell their holdings in DOGE, the crypto could soon test the $0.0949 technical safety net. A drop below this mark might then lead to the Dogecoin price falling to as low as $0.0844 in the short term.

如果賣家決定出售所持有的 DOGE，該加密貨幣可能很快就會測試 0.0949 美元的技術安全網。跌破該水準可能會導致狗狗幣價格在短期內跌至 0.0844 美元。

On the other hand, if the Dogecoin price manages to overcome the $0.1074 barrier within the next 24-48 hours, it could invalidate the bearish thesis. A 4-hour candle close above $0.1074 might then be seen as a long entry opportunity by traders, potentially pushing DOGE to the next major resistance level at $0.1210.

另一方面，如果狗狗幣價格在未來 24-48 小時內成功突破 0.1074 美元的關口，則看跌論點可能會失效。 4 小時蠟燭收盤價高於 0.1074 美元可能會被交易者視為多頭入場機會，有可能將 DOGE 推至下一個主要阻力位 0.1210 美元。

Dogecoin Price Losing Its Technical Strength

狗狗幣價格失去技術實力

Technical indicators on DOGE's 4-hour chart suggest that the meme coin's price might drop in the next 14 hours. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show signs of diminishing buyer strength, which could open up an opportunity for sellers to gain control.

DOGE 4 小時圖表上的技術指標表明，meme 幣的價格可能在未來 14 小時內下跌。相對強弱指數（RSI）和移動平均收斂分歧（MACD）都顯示出買方力量減弱的跡象，這可能為賣方獲得控制權提供機會。

Throughout the past trading session, RSI readings have dropped from 62 to 54, indicating less pressure from bulls on the price. Although the RSI remains above the 50 benchmark, signaling that buyers still have the upper hand, it is now much easier for sellers to gain control of DOGE should they choose to do so.

在過去的交易日中，RSI 讀數從 62 下降至 54，顯示多頭對價格的壓力有所減輕。儘管 RSI 仍高於 50 基準，表明買家仍佔上風，但如果賣家選擇這樣做，現在更容易獲得 DOGE 的控制權。

Meanwhile, the MACD line has collapsed on the MACD Signal line over the past 24 hours, suggesting that DOGE's bullish trend is reaching its end. An intersection between these two lines in the coming couple of days will indicate that the Dogecoin price has entered a new bearish trend.

同時，過去24小時內MACD線在MACD訊號線上崩潰，顯示DOGE的看漲趨勢即將結束。未來幾天這兩條線的交叉將顯示狗狗幣價格已進入新的看跌趨勢。