Dogecoin Price Under Pressure Amidst Market Decline

在市場下降的壓力下，狗狗幣價格下降

Dogecoin, the world's largest memecoin, is experiencing significant selling pressure due to a broader market downturn. Following a sharp decline on Monday that extended into early Tuesday, DOGE appears to be consolidating.

世界上最大的成年幣Dogecoin由於更廣泛的市場低迷而承受著巨大的銷售壓力。 在周一延長到週二凌晨的急劇下降之後，Doge似乎正在鞏固。

Dogecoin Price Outlook

Dogecoin價格前景

On Monday, DOGE fell below its 200-day Simple Moving Average (SMA) at $0.24 for the first time since October 2024. This decline continued into Tuesday, reaching lows of $0.195, representing a loss of over 15% in two days. However, the price has since recovered to approximately $0.2071. Investor activity remains low, with daily trading volume down by 50%.

週一，Doge以自2024年10月以來首次降至200天簡單的移動平均線（SMA）低於0.24美元。這種下降一直持續到星期二，低點達到0.195美元，兩天內損失了15％以上。 但是，此後的價格已恢復到約0.2071美元。 投資者活動仍然很低，每日交易量下降了50％。

Previously, $0.24 served as strong support for DOGE. Following the recent price drop, on-chain analysts now identify $0.19 as the key support level. A further decline below $0.19 could increase the probability of a deeper correction towards $0.060. Conversely, a successful rebound above $0.19 and reclaiming the 200-day SMA could signal diminishing selling pressure, potentially leading to a rally towards the 50-day SMA of $0.30, where resistance is expected.

以前，$ 0.24是Doge的大力支持。 在最近的價格下跌之後，鏈上分析師現在將0.19美元確定為關鍵支持水平。 低於$ 0.19的進一步下降可能會增加更深層更正的概率，從而提高$ 0.060。相反，成功的反彈超過$ 0.19並收回200天的SMA可能會標誌著銷售壓力降低，這可能導致預計有抵抗力的50天SMA的集會。

On-Chain Sentiment

鏈情緒

Analyst Ali Martinez recently highlighted on X another significant Dogecoin price dynamic: total futures trading volume currently sits at $992 million.

分析師阿里·馬丁內斯（Ali Martinez）最近在X上強調了另一個重要的Dogecoin價格動態：目前的總期貨交易量為9.92億美元。

This represents a dramatic decrease from the $58.2 billion recorded in November, indicating a significant shift in market interest or liquidity. Several factors could contribute to this decline, including broader crypto market volatility, waning hype, and traders shifting their focus elsewhere. Dogecoin's next move may depend on its ability to regain this lost momentum.

這與11月記錄的582億美元相比，這表明市場興趣或流動性發生了重大變化。 幾個因素可能導致這種下降，包括更廣泛的加密貨幣市場波動，炒作減弱，交易者將重點轉移到其他地方。 Dogecoin的下一步行動可能取決於其恢復這種失去動力的能力。

Some market participants believe the current trend signals the end of the altcoin season, citing substantial declines in other top altcoins since the beginning of the week. The altcoin sector is also still recovering from last week's Bybit attack. Furthermore, broader crypto market volatility, exemplified by Bitcoin's fall below $90,000 (currently trading around $86,735, down 9.8% in the past seven days), adds further pressure.

一些市場參與者認為，當前趨勢在Altcoin季節結束時標誌著，自本周初以來，其他頂級山寨幣的大幅下降。 Altcoin行業也仍在上週的BYBIT攻擊中恢復。 此外，比特幣低於90,000美元（目前交易約86,735美元，在過去七天下降了9.8％）的更廣泛的加密貨幣市場波動率，這增加了進一步的壓力。

Rebound or Pullback?

反彈還是回調？

While Dogecoin's recent gains are encouraging some traders, others remain skeptical about its long-term prospects. On-chain data suggests the recent price increase is driven by social media buzz, celebrity endorsements, and retail speculation. Given Dogecoin's volatility and lack of inherent utility, many analysts predict this gain could be short-lived. However, positive developments, such as the approval of a DOGE Exchange-Traded Fund (ETF), could potentially trigger a 50% rally.

儘管Dogecoin最近的收益鼓勵了一些交易者，但其他人對其長期前景仍然持懷疑態度。 鏈上的數據表明，最近的價格上漲是由社交媒體的嗡嗡聲，名人代言和零售投機所推動的。 鑑於Dogecoin的波動性和缺乏固有的效用，許多分析師預測這種增益可能是短暫的。 但是，積極的發展，例如批准了門衛交換基金（ETF），可能會觸發50％的集會。

The current market situation remains uncertain, making it difficult to determine whether the recent price spike signals a genuine rebound or a temporary surge before another downturn. Despite this uncertainty, Dogecoin's potential to generate market excitement remains evident. Analysts like Tardigrade maintain a positive outlook, noting that DOGE is completing its fourth falling wedge pattern, a formation that previously preceded a 445% rally.

當前的市場狀況仍然不確定，因此很難確定最近的價格飆升是真正的反彈還是在另一場經濟衰退之前的臨時激增。 儘管存在這種不確定性，但Dogecoin產生市場興奮的潛力仍然很明顯。像Tardigrade這樣的分析師保持了積極的前景，並指出Doge正在完成其第四個掉落楔形模式，這是以前在445％集會之前的陣型。

The post Dogecoin Price Prediction: Is a 50% Rebound Imminent? appeared first on The Coin Republic.

Dogecoin後的價格預測：即將發生50％的反彈？首先出現在硬幣共和國。