Dogecoin Suffers Amidst Market Bloodbath

狗狗币在市场血洗中遭受重创

Following the general market trend, Dogecoin (DOGE) has experienced an 8% decline within the past 24 hours, registering approximately $5 million in liquidations.

跟随总体市场趋势，狗狗币 (DOGE) 在过去 24 小时内下跌 8%，清算金额约为 500 万美元。

Despite this downturn, an analyst predicts DOGE may rally to $1 based on the Elliott Wave theory.

尽管经济低迷，但分析师根据艾略特波浪理论预测 DOGE 可能会反弹至 1 美元。

Dogecoin Declines, Trading Volume Surges

狗狗币下跌，交易量激增

DOGE has declined by 8% over the last 24 hours and 10% in the past week, currently trading at $0.1103. Amidst this downturn, its trading volume has risen by a remarkable 115%, with over $1 billion worth of DOGE changing hands.

DOGE 在过去 24 小时内下跌了 8%，在过去一周下跌了 10%，目前交易价格为 0.1103 美元。在经济低迷时期，其交易量显着增长了 115%，价值超过 10 亿美元的 DOGE 易手。

Liquidations Impact DOGE

影响 DOGE 清算

Coinglass data reveals DOGE's prominence in liquidations, with over $4.92 million liquidated within 24 hours. This mirrors the broader market's decline, as Bitcoin also experienced $90.06 million in liquidations during the same period.

Coinglass 数据揭示了 DOGE 在清算方面的突出表现，24 小时内清算了超过 492 万美元。这反映了大盘的下跌，因为比特币在同一时期也经历了 9006 万美元的清算。

Profit-Taking and Bearish Indicators

获利了结和看跌指标

Despite the ongoing sell-off, data suggests that 75.77% of DOGE addresses remain in profit. This profitability level, combined with the bearish sentiment, has sparked a wave of profit-taking among short-term investors.

尽管抛售仍在持续，但数据显示 75.77% 的 DOGE 地址仍处于盈利状态。这种盈利水平，加上看空情绪，引发了短期投资者的获利了结浪潮。

Technical Analysis

技术分析

IntoTheBlock data confirms a significant outflow of DOGE from exchanges. The Relative Strength Index (RSI) indicates a potential entry into oversold territory. The Moving Average Convergence Divergence (MACD) exhibits a slight bearish momentum, while the Bollinger Bands suggest a potential period of volatility or significant price movements.

IntoTheBlock 数据证实 DOGE 大量从交易所流出。相对强度指数（RSI）表明可能进入超卖区域。移动平均线趋同分歧（MACD）显示出轻微的看跌势头，而布林带则表明潜在的波动期或重大价格变动。

Elliott Wave Prediction

艾略特波浪预测

Crypto analyst Big Mike utilizes the Elliott Wave theory to predict DOGE's future trajectory. According to this theory, DOGE has completed five major waves and is entering a new cycle. Wave (3) is anticipated to drive DOGE's price to between $0.35 and $0.50, followed by a correction in wave (4). Wave (5), the final phase, may propel DOGE towards the $1 level.

加密货币分析师 Big Mike 利用艾略特波浪理论来预测 DOGE 的未来轨迹。根据这一理论，DOGE已经完成了五次主要浪潮，正在进入一个新的周期。预计第 (3) 波将推动 DOGE 的价格上涨至 0.35 美元至 0.50 美元之间，随后将在第 (4) 波中进行调整。第 (5) 浪是最后阶段，可能会将 DOGE 推向 1 美元水平。