Dogecoin is still following the same trajectory as the broader crypto market which is being led by Bitcoin. On its own, Dogecoin has also seen some significant negative headwinds as large sell-offs sent its price spiraling down by another 8%. However, this may not be for long if the meme coin is able to break through this crucial level.

狗狗幣仍然遵循與比特幣主導的更廣泛的加密貨幣市場相同的軌跡。就其本身而言，狗狗幣也遇到了一些重大的負面阻力，大規模拋售導致其價格又螺旋式下跌 8%。然而，如果模因幣能夠突破這一關鍵水平，這種情況可能不會持續太久。

Dogecoin Must Invalidate Bears Above $0.11

狗狗幣必須使空頭價格高於 0.11 美元無效

In a post on X (formerly Twitter), crypto analyst Ali Martinez explained the complex scenario that the Dogecoin price has encountered. The analyst starts out by showing that the meme coin had flashed a sell signal this week, as evidenced by the price decline between Sunday and Monday.

在 X（以前稱為 Twitter）上的一篇文章中，加密貨幣分析師 Ali Martinez 解釋了狗狗幣價格遇到的複雜情況。分析師首先表明，迷因幣本週已發出賣出訊號，週日至週一的價格下跌就證明了這一點。

This sell signal was observed by the crypto analyst using the TD Sequential on the DOGE weekly chart. The altcoin is already playing out this scenario, especially as the analyst shows that it is continuously facing resistance at this level.

加密貨幣分析師使用 DOGE 週線圖上的 TD 序列觀察到了這個賣出訊號。山寨幣已經在上演這種情況，特別是當分析師表明它在這個水平上持續面臨阻力時。

DOGE is also facing the possibility of further downside due to this mounting resistance on the weekly chart. If it continues to fall, then there is a possibility that the price could drop back to $0.085, or even $0.078, as Ali explains.

由於週線圖上阻力不斷加大，DOGE 也面臨進一步下跌的可能性。如果繼續下跌，那麼價格有可能回落至 0.085 美元，甚至 0.078 美元，正如 Ali 所解釋的那樣。

However, there is still the possibility that Dogecoin can turn the current bearish tide around into a favorable one. Ali explains that the meme coin can negate this bearish trend if the DOGE price were able to beat $0.11. This price level has remained elusive for DOGE even through multiple weeks of recovery, making it the major roadblock to its price rally in the shorter term.

然而，狗狗幣仍有可能將當前的看跌趨勢轉變為有利趨勢。 Ali 解釋說，如果 DOGE 價格能夠突破 0.11 美元，meme 幣就可以扭轉這種看跌趨勢。儘管經歷了數週的復甦，但 DOGE 的價格水平仍然難以捉摸，這使其成為短期內價格上漲的主要障礙。

DOGE Flipped By Avalanche (AVAX)

DOGE 被雪崩翻轉 (AVAX)

One of the many downsides of the downtrend that has plagued the Dogecoin price is the fact that it is close to being kicked out of the top 10 cryptocurrencies by market cap. Following AVAX’s run over the past month and DOGE not keeping up with the market, Avalanche has now flipped Dogecoin on the list.

困擾狗狗幣價格的下降趨勢的眾多缺點之一是，它幾乎被踢出了市值排名前十的加密貨幣。繼 AVAX 過去一個月的上漲以及 DOGE 跟不上市場的步伐之後，Avalanche 現在已經將狗狗幣排在了榜單上。

AVAX’s market cap is currently sitting above $14.6 billion at the time of this writing while DOGE’s market cap is still at $13.5 billion. This means that AVAX is now the 9th-largest cryptocurrency by market cap while Dogecoin has been pushed down to 10th place.

截至撰寫本文時，AVAX 的市值目前超過 146 億美元，而 DOGE 的市值仍為 135 億美元。這意味著 AVAX 現在是市值第九大加密貨幣，而狗狗幣已跌至第十位。

The disparity comes as a result of Ajax rising over 82% in one week while DOGE only rose around 7%. However, DOGE could overtake Avalanche again if it were to rise another 20% from its current market value. This would put its market cap at around $16 billion.

造成這種差異的原因是 Ajax 在一周內上漲了 82% 以上，而 DOGE 僅上漲了 7% 左右。然而，如果 DOGE 的當前市值再上漲 20%，它可能會再次超越 Avalanche。這將使其市值達到約 160 億美元。