• Dogecoin’s long liquidations totalled $16 million on 12 April
• Bearish sentiments continue to trail the memecoin

Dogecoin’s [DOGE] long liquidations climbed to a 30-day high over the last 24 hours, according to Coinglass. This, on the back of the larger market falling following Bitcoin’s own price depreciation on the charts. In fact, the entire cryptocurrency market saw trade positions worth over $860 million being liquidated among 270,993 traders. 

4 月 12 日，狗狗幣的多頭清算總額為 1,600 萬美元。根據 Coinglass 的數據，看跌情緒繼續追隨 memecoin。狗狗幣的 [DOGE] 多頭清算在過去 24 小時內攀升至 30 天高點。這是在比特幣本身價格在圖表上貶值後，更大的市場下跌的背景下發生的。事實上，整個加密貨幣市場有 270,993 名交易者價值超過 8.6 億美元的交易部位被清算。

On-chain data revealed that DOGE’s long liquidations totalled $16 million. The last time the crypto recorded such a high volume in long liquidations in its Futures market was on 6 March.

鏈上數據顯示，DOGE 的多頭清算總額為 1,600 萬美元。該加密貨幣上次在其期貨市場上記錄如此高的多頭清算量是在 3 月 6 日。

Source: Coinglass

來源：Coinglass

Liquidations occur in an asset’s Futures market when a trader’s position is forcefully closed due to insufficient funds to maintain the position. Long liquidations occur when there is an unexpected decline in an asset’s price, causing traders who have open positions in favor of a price rally to be forced to exit their positions. 

當交易者的部位因資金不足以維持部位而強制平倉時，資產的期貨市場就會發生清算。當資產價格意外下跌時，就會發生多頭清算，導致持有有利於價格上漲的未平倉部位的交易者被迫平倉。

In comparison, on the day in question, DOGE short liquidations totalled $3.08 million, as per Coinglass data. 

相較之下，根據 Coinglass 的數據，當天 DOGE 空頭清算總額為 308 萬美元。

Brace for further value decline

Extending its 6% weekly losses, DOGE’s price has plummeted by 13% in the last 24 hours, according to CoinMarketCap. At press time, the leading memecoin was valued at $0.1721 on the charts. 

為價值進一步下跌做好準備 根據 CoinMarketCap 的數據，DOGE 的價格在過去 24 小時內暴跌 13%，延續了每週 6% 的跌幅。截至發稿時，圖表上領先的 memecoin 估值為 0.1721 美元。

An assessment of the altcoin’s price movements on the 1-day chart showed that it might shed more gains this weekend. Key momentum indicators observed revealed a steady decline in demand for DOGE.

對山寨幣價格走勢的 1 日圖表評估顯示，本週末它可能會進一步上漲。觀察到的關鍵動量指標顯示對 DOGE 的需求穩定下降。

For instance, the values of its Relative Strength Index (RSI) and Money Flow Index (MFI) were 46.85 and 46.53, respectively. These indicators indicated a decline in demand for the altcoin among market participants and a spike in coin sell-offs. 

例如，其相對強度指數（RSI）和資金流量指數（MFI）的值分別為46.85和46.53。這些指標顯示市場參與者對山寨幣的需求下降，而代幣拋售激增。

Realistic or not, here’s DOGE’s market cap in BTC’s terms

無論現實與否，以下是 DOGE 以 BTC 計算的市值

Furthermore, readings from the coin’s Directional Movement Index (DMI) showed that its positive directional index (green) fell below its negative index (red) on 12 April. When these lines trend this way, it suggests a shift from bullish momentum to bearish. It signals the re-emergence of bears and an uptick in profit-taking activity. 

此外，代幣方向運動指數 (DMI) 的讀數顯示，其正向指數（綠色）於 4 月 12 日跌破負向指數（紅色）。當這些線呈現這種趨勢時，表示從看漲勢頭轉向看跌勢頭。它標誌著空頭重新出現以及獲利了結活動的增加。

Finally, DOGE’s MACD line rested above its Signal line at press time and confirmed this. This also indicated that DOGE’s short-term moving average was higher relative to its long-term moving average.

最後，截至發稿時，DOGE 的 MACD 線位於訊號線上方並證實了這一點。這也顯示 DOGE 的短期移動平均線相對於其長期移動平均線較高。

Source: TradingView

來源：TradingView

When these lines are arranged in this manner, it is seen as a sign to intensify coin sell-offs. Ergo, it’s going to be a tricky time being a Dogecoin holder. 

當這些線以這種方式排列時，它被視為加劇代幣拋售的跡象。因此，身為狗狗幣持有者將是一段艱難的時期。

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