Crypto Market Eyes Leading Coins

Crypto Market Eyes Leading Coins

While uncertainty permeates the cryptocurrency market, attention shifts towards prominent cryptocurrencies. Bitcoin has fluctuated below $60,000, while investors' focus seems to gravitate towards meme coins, particularly DOGE, warranting further examination.

虽然加密货币市场充满不确定性，但人们的注意力却转向了知名的加密货币。比特币已波动至 60,000 美元以下，而投资者的注意力似乎倾向于 meme 币，尤其是 DOGE，值得进一步审视。

Current State of DOGE

DOGE的现状

Dogecoin (DOGE) has faced selling pressure, leading to a decline. Bitcoin (BTC) has dipped below $60,000 multiple times but appears to be holding this level for now. Over a 24-hour period, BTC experienced a 4.3% drop, trading at $60,200.

狗狗币（DOGE）面临抛售压力，导致下跌。比特币 (BTC) 曾多次跌破 60,000 美元，但目前似乎仍保持在这一水平。 24 小时内，BTC 下跌 4.3%，交易价格为 60,200 美元。

Concurrently, DOGE continued to witness transactions within a narrow range. During this period, the value of DOGE in Turkish Lira was calculated at 4.29 TRY, indicating an 8% decline.

与此同时，DOGE 继续窄幅震荡。在此期间，DOGE 兑土耳其里拉的价值计算为 4.29 TRY，下跌 8%。

Despite an increase in Dogecoin investors since April, this surge may not suffice to drive a price increase. Moreover, the market outlook remains apprehensive, potentially leading meme coins towards further lows.

尽管自四月份以来狗狗币投资者有所增加，但这种激增可能不足以推动价格上涨。此外，市场前景仍然令人担忧，可能导致米姆币进一步跌至低点。

DOGE Price Movement

DOGE价格变动

Presently, DOGE has fallen to $0.1313, with a range (purple) forming between $0.14 and $0.165. This range emerged as the mid-level served as support and resistance in April. The CMF indicator suggests capital outflows in the market, hovering at -0.09.

目前，DOGE 已跌至 0.1313 美元，区间（紫色）在 0.14 美元至 0.165 美元之间。该区间是在 4 月份作为支撑位和阻力位的中间水平出现的。 CMF指标显示市场资金流出，徘徊在-0.09。

The 12-hour RSI stands at 37, indicating a bearish momentum. This perspective aligns with the losses incurred over the past five days. However, the support level at the 78.6% Fibonacci retracement level continues to attract investors.

12小时RSI为37，显示看跌势头。这一观点与过去五天发生的损失是一致的。然而，78.6%斐波那契回撤位的支撑位继续吸引投资者。

Despite the pessimistic outlook, potential market entry points and loss mitigation measures are being considered by interested investors. Nevertheless, indicators hint at the possibility of further losses in the future.

尽管前景悲观，但感兴趣的投资者正在考虑潜在的市场切入点和减轻损失的措施。然而，指标暗示未来可能会出现进一步损失。

The Future of DOGE

DOGE的未来

Coinalyze data reveals minimal capital inflow into the market, corroborated by the CMF. Open Interest has witnessed a steady decline in recent days, suggesting a lack of enthusiasm among speculators.

Coinalyze 数据显示，流入市场的资本极少，CMF 也证实了这一点。近几天未平仓合约稳步下降，表明投机者缺乏热情。

The Spot CVD has been on a downward trajectory since April 22. While the downtrend appeared to pause within the last 24 hours, a resurgence of decline is evident.

自 4 月 22 日以来，现货 CVD 一直处于下降趋势。虽然下降趋势似乎在过去 24 小时内暂停，但下降趋势明显复苏。

However, if the Spot CVD manages to surpass this level, it could foster an optimistic environment for investors seeking to acquire DOGE at the lower end of its range.

然而，如果现货 CVD 成功超越这一水平，可能会为寻求在其范围下限收购 DOGE 的投资者营造乐观的环境。