Dogecoin (DOGE) Price Predictions Amidst Bitcoin Price Drop

比特币价格下跌期间狗狗币（DOGE）的价格预测

In the midst of Bitcoin's price volatility, DOGE and other altcoins have also experienced a downward trend. But for how long?

在比特币价格波动的同时，DOGE和其他山寨币也出现了下跌趋势。但持续多久呢？

While BTC battles to reclaim the $66,000 mark, uncertainty lingers over its ability to sustain the momentum. At the time of writing, BTC stands at $66,228, with some altcoins showing signs of recovery.

尽管 BTC 正在努力夺回 66,000 美元大关，但其维持这一势头的能力仍存在不确定性。截至撰写本文时，BTC 价格为 66,228 美元，一些山寨币显示出复苏的迹象。

Dogecoin (DOGE)

狗狗币 (DOGE)

DOGE, the largest meme coin by market cap, has hit its lowest price point in three months. The altcoin, which reached lows of $0.12, was impacted by the swift decline in BTC's price. Given the lack of strong investor activity in altcoins, the losses were exacerbated by the rapid exit of fearful investors.

DOGE 是市值最大的模因币，其价格已触及三个月来的最低点。受 BTC 价格迅速下跌的影响，山寨币跌至 0.12 美元的低点。鉴于山寨币缺乏强劲的投资者活动，恐惧的投资者迅速退出，进一步加剧了损失。

The sharp price drop triggered liquidations of long positions exceeding $44 million in Dogecoin alone. It marked the largest DOGE liquidation since the start of the year. This figure, indicative of a clear surprise by futures traders, dampened bullish sentiment. Funding on futures remains negative for DOGE, suggesting persistent short positions.

仅狗狗币价格大幅下跌就引发了超过 4400 万美元多头头寸的清算。这是自今年年初以来最大规模的 DOGE 清算。这一数字表明期货交易商明显感到意外，抑制了看涨情绪。 DOGE 的期货融资仍然为负，表明空头头寸持续存在。

DOGE Price Prediction

DOGE价格预测

Falling below the 20-day EMA and 50-day SMA, DOGE price has lost significant support levels. Notably, the price below the SMA50 confirms an oversold situation, a relatively rare occurrence. During a general market uptrend, such dips are often seen as buying opportunities by experienced investors. However, these decisions should be made with reference to historical data and an acknowledgment of the potential for further losses.

DOGE 价格跌破 20 日均线和 50 日均线，失去了重要的支撑位。值得注意的是，价格低于 SMA50 证实了超卖情况，这种情况相对罕见。在总体市场上涨趋势期间，经验丰富的投资者通常将这种下跌视为买入机会。然而，这些决定应参考历史数据并承认进一步损失的可能性。

DOGE's Elder-Ray Index suggests a continuation of the bearish trend in the short term. The negative value of the index corroborates the dominance of sellers. If bears maintain their strength, we can expect the price to fall to $0.11 and eventually $0.08.

DOGE 的 Elder-Ray 指数表明短期内看跌趋势将持续。该指数的负值证实了卖方的主导地位。如果空头保持强势，我们预计价格将跌至 0.11 美元，最终跌至 0.08 美元。

However, things could change if BTC registers closes above $66,250 and sustains momentum, potentially boosting sentiment in altcoins. We could see more investors capitalizing on the oversold conditions in altcoins. This could pave the way towards new highs between $0.13 and $0.18.

然而，如果 BTC 收盘价高于 66,250 美元并保持势头，情况可能会发生变化，从而可能提振山寨币的情绪。我们可以看到更多投资者利用山寨币的超卖状况。这可能为 0.13 美元至 0.18 美元之间的新高铺平道路。