Dogecoin investors are feeling uneasy as Elon Musk faces another round of testimony. Following news that Musk, leader of the X platform, must testify again in a regulatory investigation related to his purchase of Twitter.

随着埃隆·马斯克面临新一轮证词，狗狗币投资者感到不安。此前有消息称，X平台负责人马斯克必须在与其收购Twitter相关的监管调查中再次作证。

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Dogecoin’s value has taken a significant hit, dropping by 4.5%. This situation introduces uncertainty for Dogecoin, a cryptocurrency known for being influenced by Musk’s social media posts.

狗狗币的价值遭受了重大打击，下跌了 4.5%。这种情况给狗狗币带来了不确定性，狗狗币是一种因受到马斯克社交媒体帖子影响而闻名的加密货币。

Dogecoin Faces Technical Challenges Amid Regulatory Concerns

Dogecoin has encountered resistance at the 50-day Exponential Moving Average (EMA), signaling a struggle for bulls to push the price higher. This level currently acts as a barrier for potential upward movements. Additionally, trading volume has been on a declining trend, indicating reduced interest or a consolidation phase, which could lead to further price fluctuations.

狗狗币在监管担忧中面临技术挑战狗狗币在 50 天指数移动平均线 (EMA) 遇到阻力，这表明多头很难推高价格。该水平目前是潜在上涨的障碍。此外，交易量一直呈下降趋势，表明兴趣减少或进入盘整阶段，这可能导致价格进一步波动。

DOGE/USDT Chart by TradingView

DOGE/USDT 图表（由 TradingView 提供）

Technical analysis highlights the 200-day EMA as the next critical support level for Dogecoin. If the price descends to this level, strong buying interest may emerge, potentially halting the decline and stabilizing the price.

技术分析强调 200 日均线是狗狗币的下一个关键支撑位。如果价格跌至这一水平，可能会出现强烈的购买兴趣，从而有可能阻止跌势并稳定价格。

Investor Concerns and Regulatory Implications

Investors are primarily concerned about the potential legal consequences of Elon Musk’s testimony. If Dogecoin is deemed a security during the proceedings, it could face stringent regulations, impacting its market performance and investor sentiment.

If Dogecoin maintains its position above the 200-day EMA and mitigates negative sentiment from Musk’s legal situation, it could experience a rebound. However, failing to hold the 200-day EMA support may lead to further declines toward lower support levels around $0.065.

投资者担忧和监管影响投资者主要担心埃隆·马斯克证词的潜在法律后果。如果狗狗币在诉讼过程中被视为证券，它可能会面临严格的监管，从而影响其市场表现和投资者情绪。如果狗狗币维持在 200 日均线上方，并减轻马斯克法律状况带来的负面情绪，它可能会出现反弹。然而，未能守住 200 日均线支撑位可能会导致进一步下跌至 0.065 美元左右的较低支撑位。

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This situation underscores the significant influence of regulatory scrutiny on crypto assets, particularly those like Dogecoin, which have gained prominence partly through celebrity endorsements.

这种情况凸显了监管审查对加密资产的重大影响，尤其是像狗狗币这样的资产，这些资产在一定程度上是通过名人代言而获得关注的。

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

重要提示：请注意，本文仅旨在提供信息，不应被视为法律、税务、投资、财务或任何其他类型的建议。