Dogecoin Price Faces Selling Pressure

Dogecoin價格面對銷售壓力

Over the past 24 hours, the DOGE price has declined by approximately 8%, dipping slightly below the $0.30 range. This downturn has raised concerns among analysts.

在過去的24小時內，大約下降了約8％，略低於$ 0.30。這種低迷引起了分析師之間的關注。

DOGE Price Analysis

DOGE價格分析

Dogecoin's recent price action exhibits worrying patterns. The initial rally from late October to mid-November was marked by sharp increases and volatility. However, following its peak in late November, DOGE entered a consolidation phase with lower highs and lows.

Dogecoin最近的價格動作表現出令人擔憂的模式。從10月下旬到11月中旬的最初集會以急劇的增加和波動為標誌。但是，在11月下旬達到頂峰之後，Doge進入了一個較低和低點的合併階段。

A concerning signal emerged with the MVRV Ratio falling below its 30-Day SMA, indicating a potential price correction. During the earlier rally, the MVRV Ratio remained above the 30-Day SMA, suggesting market bullishness. However, its decline signals weakening momentum.

MVRV比率低於其30天SMA的有關信號的出現，表明潛在的價格校正。在較早的集會期間，MVRV比率保持在30天的SMA之上，表明市場看漲。但是，其下降標誌著勢頭減弱。

PEPE Comparison Warns of Further Downside

Pepe比較警告進一步的缺點

Comparison with PEPE's recent price action raises additional concerns. PEPE's chart shows a steep decline with consistently lower highs and lows, followed by a breakdown below mid-range, leading to a rapid descent.

與PEPE最近的價格行動進行比較引起了其他問題。佩佩（Pepe）的圖表顯示出急劇下降，高高和低點持續下降，隨後中距離下方崩潰，導致快速下降。

DOGE appears to be mirroring this pattern, with lower highs and a potential breakdown below the $0.31 support level. If this support fails to hold, the downtrend may intensify, targeting the $0.20 range based on historical price action. The $0.34-$0.36 range currently acts as resistance, hindering recent recovery attempts.

Doge似乎正在反映這種模式，其高點較低，並且潛在的分解低於0.31美元的支持水平。如果這種支持無法持有，下降趨勢可能會加劇，以歷史價格行動為目標0.20美元。目前，$ 0.34- $ 0.36的範圍是電阻，阻礙了最近的恢復嘗試。

Technical Setup and Selling Pressure

技術設置和銷售壓力

The correlation between the DOGE and PEPE price patterns, combined with the bearish MVRV crossover, suggests increased selling pressure in the near term. This technical setup points to a heightened risk of further price declines.

總督和PEPE價格模式之間的相關性以及看跌MVRV跨界的相關性表明，近期銷售壓力增加。這種技術設置指出，進一步價格下降的風險增加。