Dogecoin Price Drops, but Signs of Reversal Emerge

狗狗幣價格下跌，但出現逆轉跡象

Dogecoin (DOGE) investors have faced significant challenges recently, with the memecoin experiencing multiple price corrections. Over the past week, DOGE's value has plummeted by over 7%, and in the last 24 hours, it has fallen by more than 4%. At present, DOGE trades at $0.1363 with a market capitalization exceeding $19.7 billion.

狗狗幣（DOGE）投資者最近面臨重大挑戰，迷因幣經歷了許多價格調整。過去一周，DOGE價值暴跌超過7%，最近24小時內，跌幅超過4%。目前，DOGE交易價格為0.1363美元，市值超過197億美元。

Due to the downturn, only 77% of DOGE investors remain in profit, according to IntoTheBlock's data. However, crypto analyst KNIGHT $INJ TO 100$ suggests that DOGE is still in its accumulation phase, potentially signaling a period of slow price movement.

IntoTheBlock 的數據顯示，由於經濟低迷，只有 77% 的 DOGE 投資者仍保持盈利。然而，加密貨幣分析師 KNIGHT $INJ TO 100$ 表明 DOGE 仍處於吸籌階段，這可能預示著一段時期的價格緩慢波動。

Volatility May Increase Soon

波動性可能很快就會增加

Despite the analyst's prediction of slow-moving days, AMBCrypto's analysis of Santiment's data reveals potential bullish activity. DOGE's funding rate has decreased, which typically indicates an impending rise in prices. Additionally, open interest has also declined, possibly indicating the conclusion of the current downtrend.

儘管分析師預測日子會緩慢移動，但 AMBCrypto 對 Santiment 數據的分析揭示了潛在的看漲活動。 DOGE 的融資利率已經下降，這通常表示價格即將上漲。此外，未平倉合約也有所下降，可能表示當前下跌趨勢已經結束。

Dogecoin's MVRV ratio showed a slight improvement on June 15th, suggesting a possible trend reversal. The growing weighted sentiment on the market further supports this optimism, with bullish sentiments outweighing bearish ones.

狗狗幣的 MVRV 比率在 6 月 15 日略有改善，顯示趨勢可能逆轉。市場上日益增長的權重情緒進一步支持了這種樂觀情緒，看漲情緒超過了看跌情緒。

Technical Indicators Point to Price Hike

技術指標顯示價格上漲

Several market indicators provide further positive signs. DOGE's Chaikin Money Flow (CMF) and Relative Strength Index (RSI) have both recorded upticks, hinting at a potential price increase soon. On the other hand, the Money Flow Index (MFI) remains bearish.

一些市場指標提供了進一步的積極跡象。 DOGE 的柴金資金流量 (CMF) 和相對強弱指數 (RSI) 都錄得上漲，暗示價格可能很快就會上漲。另一方面，資金流量指數（MFI）仍然看跌。

Potential Targets

潛在目標

If DOGE turns bullish, it may initially target $0.147 due to potential liquidations. A breakout above this level could lead to $0.15. However, if the downtrend persists, DOGE may drop to its support level of $0.131.

如果 DOGE 轉為看漲，由於潛在的清算，其最初目標可能為 0.147 美元。突破該水平可能導致 0.15 美元。然而，如果下跌趨勢持續下去，DOGE 可能會跌至 0.131 美元的支撐位。

Conclusion

結論

While Dogecoin's price has experienced a decline, signs of a trend reversal are emerging. Market indicators and analyst sentiment suggest potential bullish activity in the near future. However, investors should remain cautious and monitor the situation closely.

雖然狗狗幣的價格經歷了下跌，但趨勢逆轉的跡象正在出現。市場指標和分析師情緒顯示近期可能出現看漲活動。不過，投資人應保持謹慎並密切關注事態發展。