Dogecoin Price Roller Coaster, Oversold Indicator Emerges

狗狗币价格过山车，超卖指标出现

The price of Dogecoin (DOGE) has experienced significant volatility over the past 24 hours, declining by over 11%. This price movement resulted in liquidations worth over $35.1 million.

狗狗币（DOGE）的价格在过去 24 小时内经历了大幅波动，下跌了 11% 以上。此次价格变动导致价值超过 3510 万美元的清算。

Despite the recent losses, one technical indicator suggests that Dogecoin may be undervalued. The Bollinger Bands, developed by John Bollinger, indicate when an asset is overbought or oversold.

尽管最近出现亏损，但一项技术指标表明狗狗币可能被低估。布林线由约翰·布林格 (John Bollinger) 开发，表明资产何时超买或超卖。

The Bollinger Bands consist of a 20-day moving average with upper and lower deviation bands. When the price moves outside of these bands, it can signal an imbalance in supply and demand.

布林线由 20 日移动平均线和上下偏差带组成。当价格超出这些范围时，可能表明供需不平衡。

Currently, Dogecoin's price has fallen below the lower Bollinger Band on all time frames, including the daily chart. This indicates that the asset is oversold and historically suggests a potential for a correction.

目前，狗狗币的价格在所有时间范围内（包括日线图）均已跌破布林线下轨。这表明该资产已超卖，并且从历史角度来看，存在回调的可能性。

However, it is important to note that technical indicators alone cannot predict future price movements with certainty. The timing of a potential reversal remains uncertain.

然而，值得注意的是，仅靠技术指标并不能准确预测未来的价格走势。潜在逆转的时间仍不确定。