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Dogecoin (DOGE), the dog-themed cryptocurrency, has fallen below the crucial $0.20 mark as the broader crypto market experiences significant selling pressure early this week.

Dogecoin（Doge）是以狗为主题的加密货币，由于本周早些时候较广泛的加密货币市场经历了巨大的销售压力，因此跌至关键$ 0.20。

Bitcoin and most digital assets have seen substantial declines in early Tuesday trading, resulting in over $1 billion in liquidations across the market.

比特币和大多数数字资产在周二早些时候的交易中大幅下降，整个市场上的清算量超过10亿美元。

The Sunday announcement of a crypto strategic reserve proved insufficient to reverse the downward trend. Analysts warn that the market remains vulnerable to macroeconomic factors in the absence of a specific crypto catalyst or positive narrative.

周日宣布加密战略储备的宣布不足以扭转下降趋势。 分析师警告说，在没有特定的加密催化剂或积极叙述的情况下，市场仍然容易受到宏观经济因素的影响。

Following the announcement, cryptocurrencies reversed their initial gains as macroeconomic concerns overshadowed the positive sentiment surrounding the strategic reserve.

宣布这一消息后，加密货币扭转了最初的收益，因为宏观经济的担忧掩盖了围绕战略储备的积极情绪。

Dogecoin briefly broke a five-day consolidation period on Sunday, rising from $0.201 to a high of $0.242. This briefly reclaimed the $0.20 level, but Monday saw a reversal, with DOGE falling from its previous high of $0.24 to a low of $0.192.

Dogecoin在周日短暂打破了为期五天的整合期，从0.201美元上升到高度为0.242美元。 这短暂地收回了$ 0.20的水平，但周一逆转了逆转，总督从先前的高点0.24降至低于0.192美元的低点。

The sell-off continued into Tuesday, pushing Dogecoin down to $0.185. At the time of writing, Dogecoin is down 12% in the last 24 hours, trading at $0.191, and down 4.61% for the week.

抛售一直持续到星期二，将Dogecoin降至0.185美元。在写作时，Dogecoin在过去24小时内下降了12％，交易价格为0.191美元，一周下降了4.61％。

What's Next?

接下来是什么？

Dogecoin fell below its 200-day Simple Moving Average (SMA) of $0.244 on February 24th and remains below it.

2月24日，Dogecoin低于其200天简单移动平均线（SMA）的0.244美元，并且仍低于其。

A decisive break above both the 50-day SMA ($0.284) and the 200-day SMA ($0.244) would signal a bullish recovery and mark an exit from its current consolidation range. Conversely, further declines could test support at $0.181.

高于50天SMA（$ 0.284）和200天SMA（0.244美元）的决定性突破将标志着看涨的恢复，并标志着其当前合并范围的退出。相反，进一步的下降可能以0.181美元的价格测试支持。

Market watchers are closely monitoring developments in the broader crypto market and the Dogecoin ecosystem to determine Dogecoin's future trajectory. The Dogecoin Foundation recently announced the addition of five new developers, representing a 50% increase in development capacity, as tweeted by Director Timothy Stebbing. Read the original article on U.Today

市场观察者正在密切监视更广泛的加密货币市场和Dogecoin生态系统的发展，以确定Dogecoin的未来轨迹。 Dogecoin基金会最近宣布增加了五个新开发商​​，占开发能力的50％，这是由导演蒂莫西·斯特宾（Timothy Stebbing）发推文。 阅读有关U.Today的原始文章