Dogecoin's price is under significant bearish pressure, having dropped nearly 30% in the past week. The price struggles to gain traction, trading near crucial support levels.

Dogecoin的價格承受著巨大的看跌壓力，過去一周下降了近30％。 價格努力獲得吸引力，交易接近至關重要的支持水平。

The total market capitalization of meme coins has also fallen, reaching $47.53 billion, a 7.71% decrease. Currently, DOGE is testing the $0.1675 support level, identified in recent technical analyses.

模因硬幣的總市值也下降了，達到475.3億美元，下降了7.71％。 目前，Doge正在測試最近的技術分析中確定的0.1675支持水平。

Dogecoin Price Breaks Wedge Pattern, Faces Bearish Pressure

Dogecoin的價格破損楔形圖案，面對看跌壓力

A recent sell-off pushed Dogecoin below a falling wedge pattern, resulting in a 12% decline. This formed a bearish engulfing candle, reinforcing the downward price movement. The price has reached the 38.20% Fibonacci retracement level at $0.1675, a key support level for bulls.

最近的拋售將狗狗幣推向下降的楔形模式下，導致12％下降。這形成了一個看跌的吞噬蠟燭，增強了下降的價格運動。該價格已達到38.20％的斐波那契回撤水平，為0.1675美元，這是公牛的關鍵支持水平。

The bearish sentiment is further strengthened by consecutive red candles on the daily chart. DOGE's failure to hold above the broken support trendline indicates sellers remain in control. Crypto analyst Ali Martinez points to a key trendline support at $0.16. Holding this level could trigger a bounce towards higher Fibonacci retracement zones. However, a failure to bounce could prolong the correction and lead to further price declines.

每日圖表上連續的紅色蠟燭進一步加強了看跌的情緒。 Doge未能超過損壞的支持趨勢線表明賣家仍處於控制之中。 加密分析師阿里·馬丁內斯（Ali Martinez）指出，關鍵的趨勢支持為0.16美元。 保持這一水平可能會引發向更高的斐波那契回回區域的反彈。 但是，不反彈可以延長更正，並導致進一步的價格下降。

Technical Indicators Show Weakness Amidst Whale Sell-Off

技術指標在鯨魚拋售中表現出弱點

Technical analysis reveals persistent selling pressure. While the daily RSI is testing oversold territory, potentially signaling a short-term rebound, the MACD and signal lines have crossed negatively, suggesting continued sell signals.

技術分析顯示持續的銷售壓力。 儘管每日RSI正在測試超售領土，但可能會發出短期反彈的信號，但MACD和信號線已經呈負面跨越，表明持續的賣出信號。

On-chain metrics show significant DOGE selling by whales. Whale Alert reported a large transfer of 360 million DOGE (approximately $62.66 million) to Binance. This large whale movement suggests further selling pressure, limiting potential upside. Volume profile analysis shows decreasing buying volume, indicating a lack of support. The recent breakdown suggests traders are hesitant to buy DOGE unless support levels hold. Continued or intensified selling pressure will likely lead to further price declines.

鏈上指標顯示鯨魚的大量銷售。鯨魚警報報告說，大量轉移了3.6億門（約626.6萬美元）到binance。這種大的鯨魚運動表明進一步銷售壓力，限制了潛在的上升空間。 體積概況分析表明，購買量減少，表明缺乏支持。 最近的細分錶明，除非支持水平保持，否則交易者不願意購買Doge。 持續或加劇的銷售壓力可能會導致進一步的價格下降。

DOGE Price Targets: Can Bulls Reclaim $2?

DOGE PLANGY目標：公牛可以收回$ 2嗎？

According to Ali Martinez's analysis, a bounce from $0.16 could potentially lead to a price return to $2. However, before such a rally, reclaiming the $0.20 level (the 50% Fibonacci retracement level) is crucial. Breaking above this psychological level could trigger further upward momentum.

根據阿里·馬丁內斯（Ali Martinez）的分析，從0.16美元的反彈可能會導致價格回報到2美元。 但是，在這樣的集會之前，收回0.20美元的水平（斐波那契回曲水平50％）至關重要。 超越這種心理水平可能會觸發進一步的勢頭。

Conversely, if DOGE trades below $0.16, further losses are likely. The next support level is the 23.60% Fibonacci level at $0.1315. A breakdown below this level could extend the bearish outlook, making a rally back to $2 less likely.

相反，如果Doge交易低於0.16美元，則可能會有進一步的損失。 下一個支持水平是23.60％的斐波那契水平為0.1315美元。 低於此水平的故障可能會擴大看跌的前景，使集會的可能性降低了2美元。

Dogecoin's price volatility continues, driven by whale selling and bearish technical indicators.

Dogecoin的價格波動仍在繼續，在鯨魚銷售和看跌技術指標的驅動下。