Amidst Meme Coin Fever, Dogecoin (DOGE) Faces Bearish Move and Horizontal Channel Formation
在 Meme 币热潮中,狗狗币 (DOGE) 面临看跌走势和水平通道形成
Crypto Daily Trade Signals has observed a significant decline in demand for Dogecoin (DOGE), accompanied by a slight decrease in price. This decline has led to the formation of a horizontal channel, a technical pattern where prices fluctuate within a specific range.
加密货币每日交易信号观察到狗狗币(DOGE)的需求大幅下降,同时价格略有下降。这种下跌导致了水平通道的形成,这是一种价格在特定范围内波动的技术模式。
Dogecoin's Price and Demand Show Downward Trend
狗狗币的价格和需求呈现下降趋势
Crypto Daily Trade Signals' analysis explores the impact of this decline on DOGE, the largest meme coin, and its network activities. On Thursday, the analyst noticed a pessimistic trend in DOGE demand, with an 18% drop in the past week, followed by a 1% price decrease.
Crypto Daily Trade Signals 的分析探讨了这种下跌对最大的模因币 DOGE 及其网络活动的影响。周四,分析师注意到 DOGE 需求出现悲观趋势,过去一周下降 18%,随后价格下跌 1%。
According to the expert, DOGE's price has been fluctuating within a narrow range due to the recent dip in demand. Along with the price oscillation, a horizontal channel has emerged. The report states:
专家表示,由于近期需求下降,DOGE的价格一直在窄幅波动。随着价格的振荡,出现了水平通道。报告指出:
The demand for DOGE has declined, leading to price movement within a range.
DOGE 的需求下降,导致价格在一定范围内波动。
On-chain data indicates that the demand for Dogecoin (DOGE) has weakened in the past week. This decline in network activity has caused its price to fluctuate within a tight range, forming a horizontal channel.
链上数据表明,过去一周对狗狗币(DOGE)的需求有所减弱。网络活跃度的下降导致其价格窄幅波动,形成横向通道。
Horizontal channels serve as trend lines, marking the price range between an upper resistance line and a lower support line. They connect alternating pivot highs and lows, depicting sideways movement or price ranges.
水平通道充当趋势线,标记上方阻力线和下方支撑线之间的价格范围。它们连接交替的枢轴高点和低点,描绘横向走势或价格范围。
Other key momentum indicators for DOGE suggest that neither buyers nor sellers hold market dominance. This decline could affect the memecoin's trajectory and potentially lead to consolidation.
DOGE 的其他关键动量指标表明,买家和卖家都没有占据市场主导地位。这种下降可能会影响模因币的发展轨迹,并可能导致整合。
Crypto Daily Trade Signals also reported a drop in DOGE's daily completed transactions following the pessimistic demand. Data from IntoTheBlock shows an 18% decrease in the daily count of addresses completing transactions over the past seven days.
加密货币每日交易信号还报告称,由于悲观的需求,DOGE 的每日完成交易量有所下降。 IntoTheBlock 的数据显示,过去 7 天内每天完成交易的地址数量减少了 18%。
Similarly, there has been a decline in new demand for the digital asset, indicating reduced interest and adoption among crypto investors. IntoTheBlock also notes a 21% decrease in new addresses created to trade DOGE during the reviewed time period.
同样,对数字资产的新需求也有所下降,这表明加密货币投资者的兴趣和采用率有所下降。 IntoTheBlock 还注意到,在审查的时间段内,为交易 DOGE 而创建的新地址减少了 21%。
DOGE Primed for Double Price Rise
DOGE 准备双倍涨价
Despite the price decline, Ali Martinez previously highlighted the potential for DOGE's price to double soon. At the time of the prediction, Dogecoin faced significant resistance between $0.166 and $0.171.
尽管价格下跌,阿里·马丁内斯此前还是强调了 DOGE 价格很快就会翻倍的潜力。在做出预测时,狗狗币面临 0.166 美元至 0.171 美元之间的重大阻力。
Martinez noted that over 75,000 addresses had acquired approximately 10 billion DOGE at that resistance level. If the asset manages to break above this level, its price could rally, with $0.322 as the next significant barrier.
Martinez 指出,在该阻力位,超过 75,000 个地址已获得约 100 亿个 DOGE。如果该资产成功突破这一水平,其价格可能会上涨,下一个重要障碍是 0.322 美元。
As of now, Dogecoin is trading at $0.1606, representing a 0.77% increase over the last 24 hours, with a 24-hour trading volume of $1.09 billion. Its market cap, valued at $23.21 billion, also shows a similar percentage gain over the past day.
截至目前,狗狗币交易价格为0.1606美元,较过去24小时上涨0.77%,24小时交易量为10.9亿美元。其市值为 232.1 亿美元,过去一天也显示出类似的百分比涨幅。
DOGE trades at $0.162 on the 1D chart | Source: DOGEUSDT on Tradingview.com
DOGE 一维图表上的交易价格为 0.162 美元 |来源:Tradingview.com 上的 DOGEUSDT
Featured image from iStock, chart on Tradingview.com
精选图片来自 iStock,Tradingview.com 上的图表