Decline in Shiba Inu and Dogecoin Prices Attributed to Multiple Factors

多重因素導致柴犬和狗狗幣價格下跌

The cryptocurrency market has experienced a notable decline in the values of prominent meme coins Shiba Inu (SHIB) and Dogecoin (DOGE). Within the past 24 hours, SHIB has depreciated by 3.72%, reaching a value of $0.000016, while DOGE has witnessed a 2.5% decrease, currently priced at $0.106. Additionally, significant fluctuations have been observed in the trading volumes of both coins. SHIB's volume has dwindled by 3.82% to $286.78 million, while DOGE has experienced a surge in trading volume by 16.41%, reaching $637.79 million.

加密貨幣市場中著名的 meme 幣 Shiba Inu (SHIB) 和 Dogecoin (DOGE) 的價值顯著下降。在過去24小時內，SHIB貶值3.72%，達到0.000016美元，而DOGE則下跌2.5%，目前價格為0.106美元。此外，兩種代幣的交易量都出現了顯著波動。 SHIB 的交易量減少了 3.82%，至 2.8678 億美元，而 DOGE 的交易量激增 16.41%，達到 6.3779 億美元。

Contributing Factors to Price Decline:

導致價格下跌的因素：

1. Increased Whale Activity in Shiba Inu:
Data suggests a recent surge in trading activity among Shiba Inu whales, raising concerns for smaller investors. Between October 6 and 7, the volume of SHIB transactions involving whales more than doubled, totaling 3.02 trillion SHIB with an approximate value of $52.8 million. This uptick in whale activity, coupled with the overall price decline, indicates that large holders may be driving the sell-offs. As these significant investors liquidate portions of their holdings, the selling pressure exerts a negative influence on market sentiment.

1. 柴犬鯨魚活動增加：數據顯示，最近柴犬鯨魚的交易活動激增，引起了小投資者的擔憂。 10 月 6 日至 7 日期間，涉及鯨魚的 SHIB 交易量增加了一倍多，達到 3.02 兆個 SHIB，價值約 5,280 萬美元。鯨魚活動的增加，加上整體價格的下跌，顯示大型持有者可能正在推動拋售。隨著這些重要投資者清算部分持股，拋售壓力對市場情緒產生負面影響。

2. Bearish Technical Trends:
Technical indicators for both Shiba Inu and Dogecoin reflect bearish trends that may have contributed to the price declines. SHIB's daily chart exhibits a symmetrical triangle pattern, indicative of a consolidation phase. While such patterns can resolve in either direction, a breakout from this pattern could trigger substantial price movements. Currently, SHIB's price hovers near the triangle's lower end. If selling pressure intensifies, the coin could revisit support levels at around $0.000015 and $0.000013. For Dogecoin, Elliott Wave analysis suggests a potential retracement before the next upward trend. DOGE is trading below its 200-day moving average, reinforcing the bearish trend. The Wave Oscillator also indicates bearish momentum, suggesting that DOGE's price is unlikely to reverse anytime soon.

2. 看跌技術趨勢：柴​​犬和狗狗幣的技術指標都反映了可能導致價格下跌的看跌趨勢。 SHIB的日線圖呈現對稱三角形模式，表示處於盤整階段。雖然這種模式可以朝任一方向解決，但突破這種模式可能會引發大幅價格波動。目前，SHIB 的價格徘徊在三角形下端附近。如果拋售壓力加劇，代幣可能會重新回到 0.000015 美元和 0.000013 美元左右的支撐位。對於狗狗幣，艾略特波浪分析表明，在下一個上升趨勢之前可能會出現回調。 DOGE 的交易價格低於 200 日移動均線，強化了看跌趨勢。波浪振盪器也顯示看跌勢頭，表明 DOGE 的價格不太可能很快逆轉。

3. Broader Crypto Market Sentiment and Economic Factors:
Market sentiment plays a crucial role in cryptocurrency performance, and recent indicators point to a bearish outlook among investors. Broader economic factors and market fluctuations have impacted SHIB and DOGE. For instance, the recent movement of ETH tied to the PlusToken scam has fueled fears of a potential crypto sell-off, with 7,000 ETH worth $16.7 million already transferred to exchanges. The threat of a $1.3 billion liquidation adds further pressure to the crypto market. Additionally, approximately 52.86% of SHIB holders are currently in profit. As these investors weigh their options, a shift in sentiment could trigger profit-taking behaviors. However, by October's end, Dogecoin price could potentially break out of its bearish pattern, potentially reaching $0.15. Whale accumulation has been on the rise, with wallets holding between 1 million to 10 million DOGE now controlling 10.63 billion DOGE. This robust buying interest suggests confidence in a future upward price movement.

3.更廣泛的加密貨幣市場情緒和經濟因素：市場情緒在加密貨幣表現中起著至關重要的作用，最近的指標表明投資者對前景持悲觀態度。更廣泛的經濟因素和市場波動影響了 SHIB 和 DOGE。例如，最近與 PlusToken 騙局相關的 ETH 走勢加劇了人們對潛在加密貨幣拋售的擔憂，價值 1,670 萬美元的 7,000 個 ETH 已經轉移到交易所。 13 億美元清算的威脅給加密市場帶來了進一步的壓力。此外，約52.86%的SHIB持有者目前處於獲利狀態。當這些投資者權衡他們的選擇時，情緒的轉變可能會引發獲利了結行為。然而，到 10 月底，狗狗幣價格可能會突破看跌模式，達到 0.15 美元。鯨魚累積一直在增加，持有 100 萬至 1000 萬 DOGE 的錢包目前控制著 106.3 億 DOGE。這種強勁的購買興趣顯示對未來價格上漲的信心。

Disclaimer: The information provided is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making any investment decisions.

免責聲明：所提供的資訊僅供參考，並不構成財務建議。投資者在做出任何投資決定之前應進行自己的研究。