Dogecoin Faces Potential Decline as MVRV Ratio Falls

隨著MVRV比率下降，Dogecoin面臨潛在下降

Dogecoin's Market Value to Realized Value (MVRV) Ratio has dipped below its 200-day moving average (MA), a trend known as the "death cross." Historically, this pattern has preceded significant price declines.

Dogecoin對已實現價值（MVRV）比率的市場價值降至其200天移動平均線（MA），這一趨勢被稱為“死亡十字架”。從歷史上看，這種模式在價格下降之前已經下降了。

In the past, such events have led to a 26% and 44% loss in Dogecoin's value. Analysts are therefore concerned about the potential for another sharp decline in the coming weeks.

過去，此類事件導致Dogecoin的價值損失了26％和44％。因此，分析師擔心未來幾周可能會再次急劇下降。

MVRV Ratio Signal Weak Selling Pressure

MVRV比率信號較弱的銷售壓力

The MVRV Ratio measures the profit or loss realized by Dogecoin holders. Its recent drop below its long-term trendline suggests increased selling pressure as investors sell to avoid further losses.

MVRV比率衡量了Dogecoin持有人實現的損益。它最近的下降低於其長期趨勢線表明，隨著投資者銷售以避免進一步的損失，銷售壓力增加。

Dogecoin's Current Risk

Dogecoin目前的風險

Dogecoin is currently trading at around $0.268, with an MVRV Ratio of 78.36% and a 200-day MA of 91.01%. The widening divergence between these figures aligns with previous downturns, raising concerns about a potential price correction.

Dogecoin目前的交易價格約為0.268美元，MVRV比率為78.36％，200天MA為91.01％。這些數字之間的差異與以前的低迷保持一致，這引起了人們對潛在價格校正的擔憂。

Can Dogecoin Recover?

狗狗可以恢復嗎？

Despite Dogecoin's previous price surges, on-chain data suggests caution. The MVRV Ratio's recent drop indicates potential downward pressure.

儘管Dogecoin先前的價格飆升，但鍊鍊數據仍表明謹慎。 MVRV比率最近的下降表明潛在的向下壓力。

Unless demand increases, Dogecoin's weak technical structure suggests a bearish phase is likely. Volatility is expected, and the coming days will be crucial in determining whether Dogecoin can reverse its trend or face another significant drop.

除非需求增加，否則Dogecoin的技術結構薄弱表明可能是看跌階段。預計波動率是波動性的，未來幾天對於確定狗狗幣是否可以扭轉其趨勢或面臨另一個顯著下降的趨勢至關重要。

According to historical patterns, the path ahead could be challenging for Dogecoin.

根據歷史模式，對於Dogecoin來說，前方的道路可能具有挑戰性。