Dogecoin's Sideways Movement: A Warning for Traders

狗狗币的横向走势：对交易者的警告

Well-known analyst DonAlt has raised concerns about Dogecoin's recent sideways movement, indicating that it has significantly impacted traders' net worth. According to DonAlt, attempts to ride the speculative wave to $1 have resulted in the liquidation of numerous leveraged positions.

知名分析师 DonAlt 对狗狗币近期的横盘走势表示担忧，表明其对交易者的净资产产生了重大影响。据 DonAlt 称，试图驾驭投机浪潮至 1 美元的尝试已导致大量杠杆头寸被清算。

Technical analysis reveals that Dogecoin has been consolidating within a channel between $0.38 and $0.48. While consolidations are not inherently harmful, they can be challenging for overly leveraged traders anticipating quick breakout movements.

技术分析显示，狗狗币一直在 0.38 美元至 0.48 美元之间的通道内盘整。虽然整合本质上并不是有害的，但对于预期快速突破的杠杆过高的交易者来说，它们可能具有挑战性。

The lack of clear price action has led to the failure of long positions, highlighting the risks involved in trading on speculative narratives. Dogecoin's previous rallies have been driven primarily by social momentum and hype rather than solid technical advancements. Breaking through its recent resistance near $0.48 may be difficult without a significant catalyst.

缺乏明确的价格走势导致多头头寸失败，凸显了投机性交易所涉及的风险。狗狗币之前的上涨主要是由社会势头和炒作推动的，而不是坚实的技术进步。如果没有重要的催化剂，突破 0.48 美元附近的近期阻力位可能会很困难。

$0.50 is likely to act as a crucial resistance level if Dogecoin regains momentum and tests its prior highs. The four-hour chart indicates that Dogecoin is attempting to stabilize around $0.39 after briefly falling below. If this support holds, the upper boundary of the channel could be retested. A break below $0.39 could trigger further sell-offs, with $0.31 emerging as a critical support level.

如果狗狗币恢复势头并测试之前的高点，0.50 美元可能会成为关键阻力位。四小时图显示，狗狗币在短暂跌破后正试图稳定在 0.39 美元附近。如果该支撑位保持不变，则可能会重新测试通道的上边界。跌破 0.39 美元可能会引发进一步抛售，其中 0.31 美元将成为关键支撑位。

While the current sideways movement may be discouraging for short-term traders, it also presents opportunities for accumulation during consolidation. Long-term investors should closely monitor market sentiment and potential triggers that could drive Dogecoin towards its speculative target of $1.

虽然当前的横盘走势可能会让短期交易者感到沮丧，但它也提供了盘整期间吸筹的机会。长期投资者应密切关注市场情绪和可能推动狗狗币达到 1 美元投机目标的潜在触发因素。

Amidst the uncertain trajectory of Dogecoin during this consolidation phase, patience and careful risk management are advised. Traders should avoid overly leveraged positions and navigate the uncertain market conditions with caution.

在狗狗币在此整合阶段的不确定轨迹中，建议保持耐心并谨慎进行风险管理。交易者应避免过度杠杆化头寸，并谨慎应对不确定的市场状况。