Dogecoin (DOGE) has been caught in a tight trading range, signalling a potential bearish breakout on the horizon. Sellers in the derivatives market have positioned themselves with shorts, holding a substantial 52.66% advantage over the longs. This analysis delves into the current state of DOGE’s price action and its implications for the cryptocurrency market.
狗狗币(DOGE)陷入狭窄的交易区间,预示着潜在的看跌突破即将到来。衍生品市场的卖家以空头定位,比多头拥有 52.66% 的巨大优势。该分析深入探讨了 DOGE 价格行为的现状及其对加密货币市场的影响。
DOGE has been trapped within a range for several weeks, stubbornly refusing to break out. The price has oscillated between the 23.6% and 38.2% Fibonacci retracement levels since August 18th. Neither the bears nor the bulls have gained the upper hand, creating an atmosphere of uncertainty for traders and investors alike.
DOGE已经被困在一个范围内几周了,顽固地拒绝突破。自8月18日以来,价格一直在23.6%和38.2%斐波那契回撤位之间波动。空头和多头都没有占据上风,为交易者和投资者营造了一种不确定的氛围。
Adding to the market’s overall stagnation, Bitcoin (BTC) has been meandering between $25.6k and $26.4k, contributing to the prevailing sideways movement across the cryptocurrency spectrum.
比特币 (BTC) 一直在 2.56 万美元到 2.64 万美元之间徘徊,加剧了市场的整体停滞,导致整个加密货币领域普遍横盘整理。
A closer examination of DOGE’s historical price action reveals a recurring pattern. The meme-inspired cryptocurrency tends to trade sideways for an extended period before experiencing a significant price swing. Presently, DOGE’s price action is following this familiar trajectory.
仔细研究 DOGE 的历史价格走势就会发现一种反复出现的模式。这种受迷因启发的加密货币在经历大幅价格波动之前往往会在很长一段时间内横向交易。目前,DOGE 的价格走势正在遵循这一熟悉的轨迹。
As of the latest data, bears are strengthening their position. The Relative Strength Index (RSI) remains below the neutral 50, indicating a lack of buying pressure. Furthermore, the On Balance Volume (OBV) has declined by over 2 billion in the past 48 hours, hinting at an impending bearish breakout.
截至最新数据,空头正在加强其地位。相对强弱指数 (RSI) 仍低于中性 50,表明缺乏买盘压力。此外,过去 48 小时内平衡成交量 (OBV) 下降了超过 20 亿,暗示即将出现看跌突破。
If the bears maintain dominance in the coming days, DOGE could potentially plummet to the $0.055 price level, representing year-to-date lows in June and August. Conversely, a resurgence of bullish sentiment in the broader market and increased DOGE speculation could spark a rebound, with potential price targets of $0.066 to $0.07.
如果空头在未来几天继续占据主导地位,DOGE 的价格可能会暴跌至 0.055 美元,这是 6 月和 8 月迄今为止的低点。相反,大盘看涨情绪的复苏和 DOGE 投机的增加可能会引发反弹,潜在价格目标为 0.066 美元至 0.07 美元。
Notably, futures traders have aligned themselves with the growing bearish sentiment. Data from Coinglass indicates that shorts now hold a 52.66% share of open contracts, marking a $5 million difference between long and short positions. This substantial disparity underscores the market’s expectation of DOGE heading south.
值得注意的是,期货交易员已经与日益增长的看跌情绪保持一致。 Coinglass 的数据显示,空头目前持有未平仓合约的 52.66%,多头和空头头寸之间存在 500 万美元的差异。这种巨大的差异凸显了市场对 DOGE 下跌的预期。
In conclusion, Dogecoin’s price action has been characterized by sideways movement, with bears gaining the upper hand in the derivatives market. The potential for a bearish breakout looms as we closely monitor DOGE’s trajectory. Traders and investors should exercise caution and watch key support and resistance levels as DOGE navigates this critical phase.
总之,狗狗币的价格走势以横盘走势为特点,空头在衍生品市场上占据了上风。当我们密切关注狗狗币的走势时,看跌突破的可能性迫在眉睫。随着 DOGE 度过这一关键阶段,交易者和投资者应保持谨慎,并关注关键支撑位和阻力位。
《DOGE 价格分析:看跌突破迫在眉睫,卖家获得优势》首先出现在 BitcoinWorld 上。