Dogecoin's Bearish Descent

狗狗幣的看跌下降

Dogecoin has experienced a significant decline of over 7% in the past week, with technical indicators and metrics presenting a bearish outlook.

狗狗幣在過去一周經歷了超過 7% 的大幅下跌，技術指標和指標呈現看跌前景。

Descending Triangle Pattern

下降三角形模式

Dogecoin's daily chart has formed a bearish descending triangle pattern since April. Despite attempts to break above the upper trendline, the meme coin has faced rejection, increasing the likelihood of a southward breakout if prices fall below $0.128.

自四月以來，狗狗幣的日線圖已形成看跌的下降三角形型態。儘管試圖突破上方趨勢線，但 Meme 代幣仍面臨拒絕，如果價格跌破 0.128 美元，則增加了向南突破的可能性。

Supporting Metrics

支持指標

Several metrics support this bearish scenario. Dogecoin's velocity has decreased, indicating less frequent usage in transactions. Its MVRV ratio is negative, suggesting that holders are currently in a loss. Additionally, the total number of holders remains stagnant, indicating a lack of new investors.

有幾個指標支持這種看跌情境。狗狗幣的流通速度下降，顯示交易中的使用頻率較低。其 MVRV 比率為負，表示持有者目前處於虧損狀態。此外，持有人總數仍停滯不前，顯示缺乏新投資者。

Sentiment and Social Dominance

情緒和社會主導地位

Dogecoin's Social Dominance has plummeted last week, reflecting a decline in its popularity. Bearish sentiment also prevails in the market, as evidenced by its low Weighted Sentiment.

狗狗幣的社交主導地位上周大幅下降，反映出其受歡迎程度的下降。市場上也普遍存在著看跌情緒，其較低的加權情緒就證明了這一點。

Price Prediction

價格預測

To assess the potential for a bearish breakout, market indicators were analyzed. Dogecoin's price remains below its 20-day Simple Moving Average (SMA), as per the Bollinger Bands. Its Relative Strength Index (RSI) is below the neutral mark, while the Chaikin Money Flow (CMF) has also declined, further indicating a potential price drop.

為了評估看跌突破的可能性，我們對市場指標進行了分析。根據布林通道，狗狗幣的價格仍低於 20 天簡單移動平均線 (SMA)。其相對強弱指數（RSI）低於中性線，而蔡金資金流（CMF）也有所下降，進一步顯示價格可能下跌。

Support Levels

支援等級

Hyblock Capital's data reveals potential support levels for Dogecoin before a bearish breakout to $0.128. Strong supports exist near $0.143 and $0.139. If Dogecoin reverses trend after hitting any of these levels, it may recover to $0.146.

Hyblock Capital 的數據揭示了狗狗幣在看跌突破 0.128 美元之前的潛在支撐位。強勁支撐位於 0.143 美元和 0.139 美元附近。如果狗狗幣在觸及任何這些水平後逆轉趨勢，它可能會回升至 0.146 美元。

Conclusion

結論

If a bearish breakout occurs below $0.128, Dogecoin could lose much of its March gains. However, if it finds support at any of the identified levels, it may have the potential to regain upward momentum.

如果看跌突破 0.128 美元以下，狗狗幣可能會損失 3 月的大部分漲幅。然而，如果它在任何已確定的水平找到支撐，它可能有可能重新獲得上漲動力。