Dogecoin Plummets 10%, Key Support Tested Amidst Market Weakness

Dogecoin Plummets 10％，在市場弱點中測試的密鑰支持測試

Dogecoin (DOGE) experienced a significant downturn, falling 10% to $0.206 and triggering over $32 million in liquidations. This decline tested key support levels, leaving traders uncertain about the future direction of the meme coin. A drop below $0.19 could potentially lead to a much deeper correction towards $0.06. Conversely, a breakout above $0.21 could propel DOGE towards $0.31.

Dogecoin（Doge）經歷了明顯的下滑，下降了10％至0.206美元，並觸發了超過3200萬美元的清算。 這種下降測試了關鍵支持水平，使交易者不確定模因硬幣的未來方向。 低於$ 0.19的跌幅可能會導致更深層次的更正，以$ 0.06。 相反，超過$ 0.21的突破可能會推向$ 0.31。

Network Activity Shows Reduced Engagement

網絡活動顯示參與度減少

The weakening market is reflected in Dogecoin's declining network activity. Daily transactions plummeted from 133,000 to 51,000 over three weeks, accompanied by a drop in Open Interest from $5 billion to $1.8 billion. This suggests reduced investor engagement and a period of market uncertainty. The price has fallen more than 50% in just four weeks. While a failure to hold the $0.19-$0.21 range could trigger a further decline to $0.06, technical indicators, such as a falling wedge formation, hint at a potential price reversal.

削弱的市場反映在Dogecoin的網絡活動下降中。 每日交易在三週內從133,000次下降到51,000，伴隨著開放利息從50億美元下降到18億美元。這表明投資者參與度減少和市場不確定性時期。 價格在短短四個星期內下跌了50％以上。 儘管未能持有$ 0.19- $ 0.21的範圍可能會觸發進一步下降至0.06美元，但技術指標（例如楔形碎片的下降）暗示了潛在的價格逆轉。

Institutional Support and Elon Musk's Influence Offer a Glimmer of Hope

機構支持和埃隆·馬斯克（Elon Musk）的影響力帶來了一線希望

Despite the recent downturn, Dogecoin maintains considerable institutional support. Over 6.1 million wallets hold DOGE on-chain, contributing to a network hash power of 2.66 PH/s. Elon Musk's continued influence remains a significant factor. The anticipated launch of X's payment platform later this year, and Musk's previous endorsements, fuel speculation about DOGE's potential role in future payment systems.

儘管最近經歷了下滑，但Dogecoin仍保持著可觀的機構支持。 超過610萬個錢包持有鍊鍊，導致網絡哈希功率為2.66 pH/s。 埃隆·馬斯克（Elon Musk）的持續影響仍然是一個重要因素。 預計將於今年晚些時候推出X的支付平台，以及馬斯克先前的認可，即有關Doge在未來支付系統中的潛在作用的燃料猜測。

Dogecoin at a Crossroads: The Next Move is Crucial

十字路口的狗狗幣：下一步至關重要

Dogecoin currently sits at a critical juncture. A successful bounce above $0.21 could ignite a rally to $0.31. However, a failure to hold this level could send the price tumbling towards $0.14 or lower. The immediate future of DOGE hinges on the market's next significant move.

Dogecoin目前處於關鍵時刻。 超過$ 0.21的成功反彈可能會將集會點燃至$ 0.31。但是，未能保持此水平的價格可能會使價格轉向0.14美元或更低。 Doge取決於市場的下一個重大舉措的近期未來。

Tags: Altcoin, Crypto market, Cryptocurrency, Dogecoin (DOGE)

標籤：Altcoin，加密市場，加密貨幣，Dogecoin（Doge）