Doge Faces Massive Liquidations, Plummet Uncertain

Doge 面临大规模清算，暴跌不确定

The declining value of Bitcoin has impacted the entire crypto ecosystem, with Dogecoin experiencing a 19.66% drop this week. Despite attempts at recovery, the upward momentum remains elusive. Chart indicators suggest a further decline may be imminent.

比特币价值的下跌影响了整个加密生态系统，狗狗币本周下跌了 19.66%。尽管尝试复苏，但上升势头仍然难以捉摸。图表指标表明进一步下跌可能即将来临。

Bearish Chart Signals

看跌图表信号

The daily Doge chart indicates a falling wedge pattern, signaling a possible price drop. The price is currently supported by a trendline formed in January. Dogecoin is trading at $0.11, attempting to regain momentum. However, there is a lack of immediate support from moving averages, which are suppressing the price.

每日 Doge 图表显示出下降楔形形态，表明价格可能下跌。目前价格受到一月份形成的趋势线的支撑。狗狗币的交易价格为 0.11 美元，试图恢复势头。然而，移动平均线缺乏直接支撑，从而压制了价格。

Source : TradingView

来源：TradingView

The Relative Strength Index (RSI) has fallen to 40 points. If the trend line fails to hold, the next support level is around $0.08, the same zone that provided support in early July.

相对强弱指数（RSI）已跌至 40 点。如果趋势线未能守住，下一个支撑位约为 0.08 美元，该区域与 7 月初提供的支撑位相同。

On the 4-hour chart, the 20-day moving average has crossed below other key moving averages. The 50-day MA has also crossed below the 100-day MA, and without a reversal, the price may fall below the 200-day MA in the coming week. To prevent this, Doge must close above $0.118.

4小时图上，20日均线已下穿其他关键均线。 50日均线也已下穿100日均线，若不出现逆转，未来一周价格可能会跌破200日均线。为了防止这种情况发生，Doge 的收盘价必须高于 0.118 美元。

Source : TradingView

来源：TradingView

Massive Dogecoin Liquidations

大规模狗狗币清算

Approximately $360 million worth of Doge trades have been liquidated in the past 2 days. Coinglass data shows $59.07 million in shorts and $299 million in longs were liquidated. In the past 24 hours alone, $246.84 million worth of longs were eliminated, significantly higher than the $35.16M in shorts. This reflects the negative market sentiment.

过去 2 天内，价值约 3.6 亿美元的 Doge 交易被清算。 Coinglass 数据显示，5907 万美元的空头和 2.99 亿美元的多头被清算。仅在过去 24 小时内，就有价值 2.4684 亿美元的多头被平仓，明显高于 3516 万美元的空头平仓。这反映了负面的市场情绪。

Source : CoinGlass

来源：CoinGlass

Profitability and Sentiment

盈利能力和情绪

IntoTheBlock data shows that 11.43k Doge wallets holding $24.95B worth of tokens are in the profit zone between $0.0109664 and $0.120035. This suggests a potential support point at the current level. In the past 7 days, approximately $16.46M worth of tokens have been moved off exchanges, indicating accumulation. Whales may be buying in and storing funds in their own custody during periods of market fear.

IntoTheBlock 数据显示，持有价值 $24.95B 代币的 11.43k Doge 钱包处于 $0.0109664 至 $0.120035 之间的利润区域。这表明当前水平存在潜在支撑点。在过去 7 天里，价值约 1646 万美元的代币已从交易所转移，这表明代币正在积累。在市场恐慌时期，鲸鱼可能会买入并自行保管资金。

Source : CoinGlass

来源：CoinGlass

However, the in/out data reveals that 74% of active doge wallets are in profit at this price, while 25% are at a loss. This is another negative signal, as profitable holders may sell during market downturns to rebuy at a lower price.

然而，in/out数据显示，74%的活跃doge钱包在此价格下盈利，而25%则亏损。这是另一个负面信号，因为有利可图的持有者可能会在市场低迷期间出售，以较低的价格重新购买。

Outlook

外表

The analysis of charts and liquidation data indicates a bearish sentiment that could lead to further decline. However, there are positive signs that could support a price recovery. If market sentiment improves and buying pressure increases, the price may rebound. Holding the $0.11 level is crucial, as falling below it could push the price to $0.08, making a recovery more challenging in the coming weeks.

对图表和清算数据的分析表明看跌情绪可能导致进一步下跌。然而，有一些积极迹象可能支持价格复苏。如果市场情绪改善，购买压力增加，价格可能会反弹。保持 0.11 美元的水平至关重要，因为跌破该水平可能会将价格推至 0.08 美元，从而使未来几周的复苏更具挑战性。