Dogecoin and Shiba Inu Prices Plummet, but Market Indicators Hint at Recovery

狗狗幣和柴犬價格暴跌，但市場指標暗示復甦

Last week, the crypto market witnessed significant turbulence, with top memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) facing severe drawbacks.

上週，加密貨幣市場出現嚴重動盪，狗狗幣（DOGE）和柴犬（SHIB）等頂級迷因幣面臨嚴重缺陷。

Double-Digit Price Declines

價格兩位數下跌

Data from CoinMarketCap revealed sharp price drops for both DOGE and SHIB. DOGE fell by over 13%, while SHIB plummeted by more than 14%. At the time of writing, DOGE traded at $0.1246, and SHIB stood at $0.00001857.

CoinMarketCap 的數據顯示 DOGE 和 SHIB 的價格均大幅下跌。 DOGE下跌超過13%，SHIB暴跌超過14%。截至撰寫本文時，DOGE 的交易價格為 0.1246 美元，SHIB 的交易價格為 0.00001857 美元。

Declining Dominance

主導地位下降

The price corrections also impacted the dominance of these memecoins. Popular crypto analyst Ki Young Ju highlighted a drop in memecoin dominance over the past few months.

價格調整也影響了這些迷因幣的主導地位。受歡迎的加密貨幣分析師 Ki Young Ju 強調了過去幾個月 memecoin 的主導地位下降。

Improved Sentiment and Social Volume

改善情緒和社交量

Despite the price drops, weighted sentiment for both DOGE and SHIB improved, indicating a decline in bearish sentiment. Additionally, social volume spiked, suggesting increased discussion around the coins.

儘管價格下跌，但 DOGE 和 SHIB 的加權情緒均有所改善，顯示看跌情緒下降。此外，社交量激增，顯示圍繞代幣的討論增加。

Technical Analysis

技術分析

Dogecoin (DOGE)

狗狗幣 (DOGE)

• DOGE's Relative Strength Index (RSI) uptick suggests a trend reversal.
• The MACD indicates a bearish advantage.
• Bulls may propel DOGE to reclaim $0.14, while bears could push it down to $0.117.

Shiba Inu (SHIB)

DOGE 的相對強度指數 (RSI) 上升表明趨勢反轉。

• SHIB's NVT ratio uptick suggests overvaluation and potential for further price drops.
• Price touched the lower Bollinger Band, indicating a possible reversal.
• Upticks in Money Flow Index (MFI) and RSI also suggest a trend reversal possibility.

SHIB的NVT比率上升表明估值過高以及價格進一步下跌的可能性。