Dogecoin Price Declines Amidst Diminished Whale Activity

在鲸鱼活动下降中，狗狗的价格下降

The cryptocurrency market has witnessed a decline in whale activity, signaling reduced confidence among major investors. This has contributed to downward pressure on the Dogecoin (DOGE) price.

加密货币市场见证了鲸鱼活动的下降，标志着主要投资者的信心下降。这导致了狗狗（Doge）价格的下降压力。

Price Movement and Technical Indicators

价格运动和技术指标

DOGE has fallen below critical support levels at $0.27, with the Relative Strength Index (RSI) hovering at 48. Bearish signals from the Moving Average Convergence Divergence (MACD) indicator suggest a continuation of the downtrend. Despite a slight rebound, DOGE remains in a descending pattern, trading around $0.25.

Doge的关键支持水平低于0.27美元，相对强度指数（RSI）徘徊在48中。移动平均收敛差异（MACD）指标的看跌信号表明下降趋势的延续。尽管有轻微的反弹，但Doge仍处于下降状态，交易约为0.25美元。

Whale Transaction Data

鲸鱼交易数据

Santiment's on-chain data reveals a significant drop in transactions above $100,000. This decrease in whale activity corresponds with a decline in large investor accumulation. The number of transactions exceeding $1 million has also plummeted. These factors indicate a diminished confidence in DOGE, leading to increased selling pressure.

Santiment的链链数据显示，交易显着下降了100,000美元。鲸鱼活动的减少与大型投资者积累的下降相对应。超过100万美元的交易数量也暴跌。这些因素表明对门的信心降低，导致销售压力增加。

Technical Signals Point to Further Correction

技术信号指向进一步更正

Dogecoin's price has been below the $0.27 support level, indicating an extended bearish trend. The RSI value of 48 confirms the negative market sentiment. The bearish signal from the MACD indicator suggests a continued downward price movement.

Dogecoin的价格已低于0.27美元的支持水平，表明持续的看跌趋势。 RSI值为48，证实了负面的市场情绪。 MACD指标的看跌信号表明价格继续下降。

Derivative Data Indicates Weakening Interest

衍生数据表明兴趣减弱

According to Coinglass, DOGE's open interest has decreased, indicating less interest among traders. This is further supported by the recent liquidations of long positions, highlighting significant sell pressure.

根据Coinglass的说法，Doge的开放兴趣已减少，表明交易者的利息较少。最近长位置的清算进一步支持了这一点，强调了巨大的卖出压力。

Outlook and Sentiment

展望和情感

The combination of declining whale activity and bearish technical signals paints a negative outlook for Dogecoin. Analysts predict a potential price drop to the $0.18 support level. However, some remain optimistic about a recovery, citing Elon Musk's past support for DOGE.

鲸鱼活动和看跌技术信号的结合使狗狗币的前景呈负面看法。分析师预测，潜在的价格下跌至0.18美元的支持水平。但是，有些人认为埃隆·马斯克（Elon Musk）过去对杜格（Doge）的支持仍然对恢复保持乐观。

Disclaimer: This article provides information only and should not be construed as investment advice.

免责声明：本文仅提供信息，不应将其解释为投资建议。