Dogecoin Price Dips Over 10%

狗狗幣價格下跌超過 10%

Dogecoin (DOGE) has experienced a significant decline over the past 24 hours, falling by more than 10%. This drop coincides with a broader market downturn, with Bitcoin declining to $69K and causing a 3.2% decrease in the overall crypto market.

狗狗幣（DOGE）在過去24小時內經歷了大幅下跌，跌幅超過10%。此次下跌恰逢更廣泛的市場低迷，比特幣跌至 6.9 萬美元，導致整個加密貨幣市場下跌 3.2%。

Brief Market Surge

短暫的市場飆升

Prior to this decline, DOGE enthusiasts witnessed a brief surge in its value. On October 29th, the popular memecoin reached a six-month high of approximately $0.1792. This surge was largely attributed to a social media post by Elon Musk, who featured himself with a DOGE avatar on X (formerly Twitter).

在這次下跌之前，DOGE 愛好者見證了其價值的短暫飆升。 10 月 29 日，流行的 memecoin 達到了六個月高點約 0.1792 美元。這一激增很大程度上歸因於埃隆馬斯克在社交媒體上發布的帖子，他在 X（以前的 Twitter）上展示了自己的 DOGE 頭像。

Current Market Conditions

目前的市場狀況

However, the rally was short-lived, and DOGE has since experienced a sharp decline. As of the time of writing, it is trading at $0.1606, with a market capitalization of $23.54 billion. Daily trading volume remains high at $2.4 billion, indicating active market activity.

然而，漲勢是短暫的，DOGE此後經歷了大幅下跌。截至撰寫本文時，其交易價格為 0.1606 美元，市值為 235.4 億美元。每日交易量仍維持在 24 億美元的高位，顯示市場活動活躍。

Technical Analysis

技術分析

Technical indicators suggest that DOGE may continue to face challenges in the near term. The 4-hour price chart shows that the MACD (Moving Average Convergence Divergence) has dipped below the signal line, indicating a bearish sentiment. Additionally, Dogecoin's price remains below both the basis and upper line of the Bollinger Bands, hinting at potential price weakness. The 9-day EMA (Exponential Moving Average) also signals a bearish trend, indicating that selling pressure could push DOGE towards its next support level near $0.150.

技術指標顯示DOGE短期內可能繼續面臨挑戰。 4小時價格圖顯示，MACD（移動平均線趨同分歧）已跌破訊號線，顯示看跌情緒。此外，狗狗幣的價格仍低於布林線的基礎和上限，暗示價格可能疲軟。 9 日 EMA（指數移動平均線）也預示著看跌趨勢，顯示拋售壓力可能會推動 DOGE 邁向下一個支撐位 0.150 美元附近。

Outlook

前景

Despite the current pullback, a recovery remains possible if buyers re-enter the market and push the price above the 9-day EMA. In this scenario, DOGE's next resistance level to watch would be around $0.173. However, for now, the memecoin remains under selling pressure.

儘管目前出現回調，但如果買家重新進入市場並將價格推至 9 日均線上方，復甦仍有可能。在這種情況下，DOGE 的下一個值得關注的阻力位將是 0.173 美元左右。然而，目前，memecoin 仍面臨拋售壓力。