即使在埃隆·马斯克的支持下，狗狗币（DOGE）仍因表现不佳而受到批评

Dogecoin Faces Challenges Amidst Market Shift

狗狗币在市场转变中面临挑战

Dogecoin, once a darling of social media influencers and retail investors, is struggling to regain significant traction, eliciting a mixed response within its community. Elon Musk's occasional endorsements have failed to propel the cryptocurrency to past heights.

狗狗币曾经是社交媒体影响者和散户投资者的宠儿，但现在正努力重新获得巨大的吸引力，在社区内引起了不同的反应。埃隆·马斯克偶尔的认可未能将加密货币推向过去的高度。

Community Discord

社区不和谐

This lack of momentum has divided the community, with many criticizing the meme coin's price performance. Dogecoin has experienced a steady decline, as depicted in the chart. It has encountered resistance breaking above key moving averages, including the 200-day EMA.

这种动力的缺乏导致了社区的分裂，许多人批评模因币的价格表现。如图所示，狗狗币经历了稳步下降。它遇到了突破关键移动平均线（包括 200 日均线）的阻力。

Weakening Musk Effect

减弱麝香效应

The absence of price surges despite high-profile endorsements suggests a shift in the market's perception of Dogecoin. Previously, endorsements from individuals like Musk significantly boosted its price.

尽管得到了高调的认可，但价格并未飙升，这表明市场对狗狗币的看法发生了转变。此前，马斯克等个人的认可大幅推高了其价格。

However, the community's reliance on endorsements has diminished as the hype-driven environment of 2021 has waned. Investors are seeking more sustainable price action based on fundamentals rather than celebrity tweets. The overall state of the cryptocurrency market has also contributed to Musk's diminished influence.

然而，随着 2021 年炒作驱动环境的减弱，社区对代言的依赖已经减少。投资者正在寻求基于基本面而不是名人推文的更可持续的价格走势。加密货币市场的整体状况也导致了马斯克影响力的减弱。

Trader Expectations

交易者期望

In the wake of the hype, crypto traders are now prioritizing the utility and applications of cryptocurrencies over endorsements. DOGE/USDT Chart by TradingView
To regain momentum, Dogecoin must overcome significant resistance levels, particularly the 200-day and 26-day moving averages. A renewed focus on utility or integration into broader use cases could also boost investor confidence and stabilize the price.