Dogecoin Price Fluctuates Amid Market Uncertainties

在市場不確定性的情況下，Dogecoin的價格波動

The Dogecoin price has experienced a significant drop of 17% in the past 24 hours, trading at $0.2483 as of 2:30 AM EST, with a surge in trading volume of 348% to $10.18 billion.

在過去的24小時內，Dogecoin的價格顯著下降了17％，截至美國東部時間上午2:30，交易價格為0.2483美元，交易量增加了348％，至101.8億美元。

Recent Price Movement

最近的價格變動

Over the past week, the DOGE price has fluctuated sideways, encountering support at $0.30 and resistance at $0.35. However, on February 2, the coin saw a substantial price decline, breaking through the $0.30 support and falling to $0.22. It subsequently rebounded in the early hours of February 3, reaching its current price level.

在過去的一周中，總督價格側面波動，遇到0.30美元的支持，阻力為0.35美元。但是，在2月2日，硬幣的價格大幅下降，打破了0.30美元的支持，跌至0.22美元。隨後，它在2月3日凌晨進行了反彈，達到了目前的價格水平。

Possible Factors Behind the Drop

下降背後的可能因素

The price drop is believed to be a result of the ongoing trade war initiated by former President Trump, which has raised concerns about inflation and led to approximately $2 billion in crypto liquidations.

據信，價格下跌是前特朗普發起的持續貿易戰的結果，該戰爭引起了人們對通貨膨脹的擔憂，並導致了大約20億美元的加密貨幣清算。

Technical Analysis

技術分析

• Bollinger Bands: During the price decline, the bands widened significantly, with the price oscillating between the lower band and the middle line. As Dogecoin began to recover, it returned to the upper band and is currently pushing it upwards, indicating a potential widening of the margin between the bands.
• Relative Strength Index (RSI): Over the past two days, the RSI has fluctuated between the oversold zone (reaching a value of 20) and the neutral area (typically up to 50). This suggests active trading with a bearish bias, as traders prevented the RSI from entering the overbought zone, expecting further price declines.
• However, the early hours of February 3 saw a change, with the RSI moving towards the overbought zone, currently at 61.47. This indicates a wave of optimism, suggesting that traders are cautiously pumping DOGE back up towards its previous levels. It remains uncertain whether it will reach past highs, as another sell-off may occur when the RSI approaches 70.

Alternative Investment Opportunity

Bollinger樂隊：在價格下降期間，樂隊大幅擴大，下線和中線之間的價格振盪。隨著Dogecoin的開始恢復，它返回了上層樂隊，目前正在向上推動它，表明樂隊之間的邊距可能會擴大。劃分強度指數（RSI）：在過去的兩天中，RSI在Oversecter之間波動區域（達到20個值）和中性區域（通常高達50個）。這表明，隨著貿易商阻止RSI進入過多的區域，預計價格會進一步下降，這表明積極的交易具有看跌的偏見。但是，2月3日凌晨，RSI朝著超買的區域邁進，目前為61.47。這表明了一波樂觀，這表明交易者謹慎地向以前的水平傾斜了門。尚不確定它是否會達到過去的高點，因為RSI接近70。

While Dogecoin's price is recovering, it may not be the optimal time to invest for substantial gains. Consider emerging cryptocurrencies like Wall Street Pepe (WEPE), which has not yet experienced a significant price surge.

儘管Dogecoin的價格正在恢復，但這可能不是投資可觀收益的最佳時機。考慮新興的加密貨幣，例如華爾街Pepe（Wepe），尚未經歷大幅度的價格上漲。

About Wall Street Pepe

關於華爾街佩佩

WEPE is a forthcoming Pepe-inspired cryptocurrency that aims to empower retail investors and traders by providing access to exclusive technical indicators, trading signals, investment recommendations, expert advice, and strategies through a private insider group.

Wepe是即將推出的PEPE啟發的加密貨幣，旨在通過提供獨家技術指標，交易信號，投資建議，專家建議以及通過私人內部人士集團提供獨家技術指標，交易信號，投資建議，專家建議和策略來增強零售投資者和交易者的能力。

Due to restrictions from the issuer, the referral link to purchase WEPE tokens has been removed.

由於發行人的限制，已刪除了購買Wepe代幣的轉介鏈接。

Disclaimer: The information provided is for informational purposes only and should not be construed as financial advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.

免責聲明：所提供的信息僅用於信息目的，不應將其解釋為財務建議。在做出任何投資決策之前，請務必進行自己的研究並諮詢合格的財務顧問。