Dogecoin Price Drops Amidst Consolidation

狗狗幣價格整合中下跌

The Dogecoin (DOGE) price recently experienced a significant decline, dropping approximately 9% within the past 24 hours. As of 11:28 p.m. EST, it was trading at $0.3605, marking a surge in trading volume of 75% to $9.6 billion.

狗狗幣 (DOGE) 價格最近經歷了大幅下跌，在過去 24 小時內下跌了約 9%。截至晚上 11:28美國東部時間，交易價格為 0.3605 美元，交易量激增 75%，達到 96 億美元。

Bearish Trend for Dogecoin

狗狗幣的看跌趨勢

On the 4-hour chart, DOGE exhibits a rounded bottom pattern, which typically indicates a potential bullish reversal. After completing this pattern, the price rallied to highs near $0.40. However, a subsequent retracement has occurred, resulting in a price consolidation around $0.36.

在 4 小時圖上，DOGE 呈現圓底形態，通常表示潛在的看漲反轉。完成此模式後，價格反彈至 0.40 美元附近的高點。然而，隨後出現了回調，導致價格在 0.36 美元附近盤整。

According to GeckoTerminal, the price has dipped below the 50-period Simple Moving Average (SMA) of $0.3685, signaling a short-term bearish trend. Nonetheless, the 200-period SMA of $0.3455 continues to provide strong support, suggesting that the longer-term bullish trend remains intact.

據 GeckoTerminal 稱，價格已跌破 0.3685 美元的 50 週期簡單移動平均線 (SMA)，預示著短期看跌趨勢。儘管如此，0.3455 美元的 200 週期移動平均線繼續提供強勁支撐，表明長期看漲趨勢仍然完好。

Technical Indicators

技術指標

The Relative Strength Index (RSI) currently stands at 42.21, slightly below the neutral 50 level. This indicates a loss of bullish momentum but also suggests that DOGE may be approaching an oversold zone, which could present a potential bounce point if buyers enter the market.

相對強弱指數（RSI）目前為 42.21，略低於中性 50 水準。這表明看漲勢頭喪失，但也表明 DOGE 可能正在接近超賣區域，如果買家進入市場，這可能會出現潛在的反彈點。

Potential Recovery and Resistance Levels

潛在的恢復和阻力水平

If the Dogecoin price manages to hold above the 200-period SMA and reclaim the 50-period SMA as support, it could trigger an upward move. This could lead to a retest of $0.40 and potentially a continuation to $0.42-$0.45.

如果狗狗幣價格能夠守住 200 週期 SMA 上方並奪回 50 週期 SMA 作為支撐，則可能會引發上漲。這可能導致重新測試 0.40 美元，並可能繼續上漲至 0.42-0.45 美元。

Conversely, if the price falls below the 200-period SMA of $0.3455, the bullish trend could weaken considerably. In this scenario, support may be found near $0.34, with further downside potential towards $0.32.

相反，如果價格跌破 0.3455 美元的 200 週期移動平均線，看漲趨勢可能會大幅減弱。在這種情況下，支撐可能會在 0.34 美元附近找到，進一步下行的潛力可能會達到 0.32 美元。