Dogecoin's Market Cap Slides to $20.5 Billion

狗狗币市值下滑至 205 亿美元

Dogecoin (DOGE) and other memecoins have been hit hard by the recent market downturn. DOGE's market capitalization has fallen to $20.5 billion, a loss of over 7% in the past seven days.

狗狗币（DOGE）和其他模因币受到最近市场低迷的严重打击。 DOGE的市值已跌至205亿美元，过去7天损失超过7%。

Dogecoin's Decline

狗狗币的衰落

Analysis of Dogecoin's daily chart shows that it began declining before the general market downturn. On June 7th, DOGE fell by over 7%, dropping from around $0.16 to $0.148.

对狗狗币日线图的分析显示，它在市场总体低迷之前就开始下跌。 6 月 7 日，DOGE 下跌超过 7%，从 0.16 美元左右跌至 0.148 美元。

On June 10th, DOGE was trading at around $0.144, down approximately 1.4%. As of this writing, it is trading at around $0.141, a further decline of over 2%.

6 月 10 日，DOGE 交易价格约为 0.144 美元，下跌约 1.4%。截至撰写本文时，其交易价格约为 0.141 美元，进一步下跌超过 2%。

The decline has pushed DOGE's price below its short moving average (yellow line) and the neutral line on its Relative Strength Index (RSI), indicating a bearish trend. Dogecoin remains below the yellow line, which now serves as resistance around $0.15. The RSI is also below 40, further confirming the bearish trend.

此次下跌已使 DOGE 的价格跌破其短期移动平均线（黄线）和相对强弱指数（RSI）的中性线，表明看跌趋势。狗狗币仍低于黄线，目前为 0.15 美元附近的阻力位。 RSI也低于40，进一步证实了看跌趋势。

Market Cap Decline

市值下降

Dogecoin's market capitalization has declined significantly over the past few days. Before the 7% decline, DOGE's market cap was over $23 billion. However, it fell to around $21 billion after the drop.

狗狗币的市值在过去几天大幅下降。在下跌 7% 之前，DOGE 的市值超过 230 亿美元。然而，下跌后又跌至210亿美元左右。

In the previous trading session, DOGE's market cap was around $20.9 billion. The recent decline has pushed it down to $20.5 billion. Despite the drop, DOGE remains the largest memecoin.

在上一交易日，DOGE 的市值约为 209 亿美元。最近的下跌已使其跌至 205 亿美元。尽管有所下降，DOGE 仍然是最大的模因币。

Increased Volume, Dominated by Sellers

销量增加，由卖家主导

Dogecoin's volume has increased by over 38% in the last 24 hours. However, this is not a positive sign due to the direction of the price.

过去 24 小时内，狗狗币的交易量增加了 38% 以上。然而，由于价格的方向，这并不是一个积极的信号。

The volume trend suggests that there are more sellers than buyers, which is why the price has declined despite the increase in volume.

成交量趋势表明卖家多于买家，这就是尽管成交量增加但价格却下跌的原因。

Conclusion

结论

Dogecoin has suffered significant declines in recent days, with its market cap falling below $21 billion. Sellers are currently dominating the market, indicating a bearish trend for the memecoin.

狗狗币近几天大幅下跌，市值跌破 210 亿美元。目前，卖家主导了市场，这表明模因币呈看跌趋势。