Dogecoin Price Slumps Amidst Crypto Market Downturn

加密货币市场低迷期间狗狗币价格暴跌

As Bitcoin plummeted 11.25% in value, the cryptocurrency market experienced a sell-off. Dogecoin, the popular memecoin, suffered a significant blow, losing 32% over the past three days.

随着比特币价值暴跌11.25%，加密货币市场经历了抛售。流行的 memecoin 狗狗币遭受了重大打击，过去三天下跌了 32%。

Dogecoin Metrics

狗狗币指标

According to DeFiLlama, Dogecoin's total value locked (TVL) has decreased by 32.65% since the market plunge began. Open interest has also dropped by nearly 50%.

据 DeFiLlama 称，自市场暴跌开始以来，狗狗币的总锁定价值（TVL）已下降 32.65%。持仓量也下降了近50%。

Technical Analysis

技术分析

Dogecoin is currently trading at $0.28 with support near $0.27 from the 100-day moving average. The price has fallen below the 20- and 50-day moving averages, while the 200-day moving average is around $0.17. The RSI indicator is at 30.15, indicating that Dogecoin has entered oversold territory.

狗狗币目前交易价格为 0.28 美元，支撑位接近 100 日移动平均线 0.27 美元。价格已跌破20日和50日移动平均线，而200日移动平均线约为0.17美元。 RSI指标位于30.15，表明狗狗币已进入超卖区域。

Trading Momentum

交易动力

Data from Coinglass shows that Dogecoin remains in a risky zone. The large number of short trades indicates that whales may be accumulating the token.

Coinglass 的数据显示，狗狗币仍处于风险区域。大量的空头交易表明鲸鱼可能正在积累代币。

Outlook

前景

Dogecoin typically follows Bitcoin's price movements. As Bitcoin attempts to recover, we may see a similar pattern in Dogecoin. However, the possibility of a further decline cannot be ruled out.

狗狗币通常跟随比特币的价格走势。随着比特币试图复苏，我们可能会在狗狗币中看到类似的模式。但不排除进一步下跌的可能性。

Trader Recommendations

交易者推荐

Given the volatility in the market, it is advisable to avoid leveraged trading during this period. Dollar-cost averaging may present an opportunity for long-term investors.

鉴于市场波动较大，建议在此期间避免杠杆交易。平均成本法可能为长期投资者提供机会。