Dogecoin (DOGE) Embarks on a Downward Spiral with Technical Indicators Raising Concerns

Dogecoin has recently experienced a significant correction, dropping by 14% from recent highs. A technical analysis of the DOGE/USDT daily chart reveals several bearish signals that point to further potential declines.

Dogecoin（Doge）启动了下降的螺旋，并带有技术指标引起关注的Dogecoin最近进行了重大纠正，从最近的高点下降了14％。对Doge/USDT每日图表的技术分析揭示了几个看跌信号，这表明可能会进一步下降。

Resistance Rejection and Weak Buying Pressure

抵抗拒绝和购买压力较弱

DOGE's inability to sustain prices above the $0.28 resistance level suggests a lack of buying pressure. This rejection has resulted in a substantial decline, indicating that sellers are currently in control of the market.

Doge无法维持价格高于0.28美元的电阻水平，这表明缺乏购买压力。这种拒绝导致了大幅下降，表明卖方目前正在控制市场。

Bollinger Bands Indicate Increased Volatility and Bearish Momentum

布林乐队表明波动性增加和看跌动量

The price action is approaching the lower Bollinger Band, which often signals increased selling pressure. The widening of these bands suggests increasing volatility, which typically precedes continued price movement in the prevailing direction. As DOGE trades near the lower band, bearish signals are amplified, pointing to potential further downside or consolidation at lower prices.

价格动作接近下Bollinger乐队，该乐队通常会提高销售压力。这些频段的扩大表明波动性的增加，这通常是在沿主要方向持续的价格转移之前的。正如下部乐队附近的Doge交易一样，看跌信号被放大，指出以较低的价格可能进一步的缺点或合并。

MACD Confirms Bearish Sentiment

MACD确认看跌情绪

The MACD indicator is firmly in bearish territory, with the signal line (orange) crossing below the MACD line (blue) and the histogram remaining negative. These factors collectively support the current downward momentum. Without any visible reversal signs in this indicator, the downtrend is likely to continue in the short term.

MACD指示器牢固地位于看跌区域，信号线（橙色）交叉MACD线（蓝色），直方图保持负面。这些因素集体支持当前的下降动量。在此指标中没有任何可见的逆转迹象，下降趋势可能会在短期内继续进行。

Support Levels to Monitor

支持水平以监视

A descending trendline on the chart acts as significant resistance, constraining DOGE's price within a downward channel. Currently, DOGE is testing a crucial support zone around $0.24, a critical juncture for the cryptocurrency.

图表上的下降趋势线是显着的阻力，在向下渠道内限制了门的价格。目前，Doge正在测试一个至关重要的支撑区，左右是0.24美元，这是加密货币的关键时刻。

Should this support level break, traders may expect further declines toward $0.20 and potentially $0.15 based on historical support levels.

如果这种支持水平休息，交易者可能会预计，根据历史支持水平，交易者可能会进一步下降至0.20美元，并可能为0.15美元。

Outlook for DOGE

Doge的前景

Dogecoin is currently in a strong short-term downtrend, with multiple technical indicators suggesting continued weakness. The recent rejection at $0.28 followed by a significant 14% decline confirms the dominance of sellers in the market. If the current support at $0.24 fails to hold, DOGE could face further declines toward $0.20 or lower levels.

Dogecoin目前处于强大的短期下降趋势中，有多个技术指标表明持续疲软。最近的拒绝率为0.28美元，其次下降了14％，这证实了卖方在市场上的主导地位。如果目前的支撑为$ 0.24，则Doge可能会进一步下降到0.20美元或更低的水平。

To reverse this bearish trend, DOGE would need to decisively break above the descending trendline and establish support above $0.28. Until these conditions are met, caution is advised for DOGE investors.

为了扭转这种看跌趋势，Doge需要果断地超越下降趋势线，并建立超过0.28美元的支持。在满足这些条件之前，请谨慎投资者。