Dogecoin price has always responded to news of Tesla founder Elon Musk engaging with the meme coin. The same was expected this week.

狗狗币的价格总是对特斯拉创始人埃隆·马斯克参与模因币的消息做出反应。预计本周也会出现同样的情况。

However, the broader market conditions weighed much more heavily on the price action, resulting in DOGE seeing red on the chart.

然而，更广泛的市场状况对价格走势的影响更大，导致 DOGE 在图表上出现红色。

Dogecoin Feigns No More

Dogecoin’s price first reacted to Elon Musk in 2021 and has since formed a bond with Tesla’s founder. This bond weakened over the last year as Musk’s interest shifted from DOGE to Artificial Intelligence.

狗狗币不再假装狗狗币的价格在 2021 年首次对埃隆·马斯克做出反应，此后与特斯拉创始人建立了联系。随着马斯克的兴趣从 DOGE 转向人工智能，这种债券在去年有所减弱。

However, the DOGE community rejoiced this week as Musk went on to speak in favor of the meme coin. During a session at Tesla’s Berlin Gigafactory, Musk stated that Dogecoin would be enabled as a means of payment for Tesla purchases. He went on to call the dog token the “people’s crypto.”

然而，本周，随着马斯克继续发表支持模因币的言论，DOGE 社区欢欣鼓舞。在特斯拉柏林超级工厂的一次会议上，马斯克表示，狗狗币将作为特斯拉购买的支付方式。他接着将狗代币称为“人民的加密货币”。

Surprisingly, this did not impact the Dogecoin price in any capacity and even failed to prevent a drawdown. DOGE is set to initiate a downtrend owing to the broader market cues.

令人惊讶的是，这并没有对狗狗币的价格产生任何影响，甚至未能阻止其下跌。由于更广泛的市场线索，DOGE 将启动下跌趋势。

Over the past 24 hours, Bitcoin prices have declined considerably, and Dogecoin prices have followed the same trend. Since the meme coin shares a high correlation of 0.89 with BTC, it was directly influenced.

Sponsored.divm, .divd {display: none;}@media 屏幕和 (max-width: 768px) {.divm {display: block;}}@media 屏幕和 (min-width: 769px) {.divd {display: block;}}赞助过去24小时内，比特币价格大幅下跌，狗狗币价格也遵循同样的趋势。由于meme币与BTC的相关性高达0.89，因此受到直接影响。

Furthermore, the cryptocurrency notes no support from its investors, who have begun falling back as the bullish momentum wanes. The addresses that have been conducting transactions on the network have declined considerably.

狗狗币与比特币的相关性。资料来源：IntoTheBlock 此外，该加密货币没有得到投资者的支持，随着看涨势头减弱，投资者已开始回落。一直在网络上进行交易的地址已大幅减少。

The bullish community did not contribute to actual activity on-chain, bringing the active addresses down to a four-week low.

看涨社区并没有对链上的实际活动做出贡献，导致活跃地址降至四周低点。

DOGE Price Prediction: A 20% Correction Cannot Be Ruled Out

Looking at the daily chart, it can be seen that the Dogecoin price is not too far from beginning a downtrend. The first signal comes from the Moving Average Convergence Divergence (MACD).

赞助赞助狗狗币活跃地址。资料来源：SantimentDOGE 价格预测：不排除 20% 的回调从日线图来看，可以看出狗狗币价格距离开始下跌趋势已经不远了。第一个信号来自移动平均收敛分歧（MACD）。

MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. It consists of a MACD line (the difference between a short-term and a long-term exponential moving average) and a signal line (a moving average of the MACD line).

MACD 是一种趋势跟踪动量指标，显示证券价格的两条移动平均线之间的关系。它由 MACD 线（短期和长期指数移动平均线之间的差异）和信号线（MACD 线的移动平均线）组成。

At the time of writing, these averages are forming a bearish crossover for the first time in a month. Usually, these crossovers are followed by considerable corrections since the market is still cooling down. In the case of DOGE, a fall to $0.147 or $0.134 is possible, marking a 12% or 20% correction, respectively.

在撰写本文时，这些均线一个月来首次形成看跌交叉。通常，由于市场仍在降温，这些交叉之后会出现相当大的调整。就 DOGE 而言，有可能跌至 0.147 美元或 0.134 美元，分别标志着 12% 或 20% 的调整。

Nevertheless, the 50-day Exponential Moving Average (EMA) is still positive, sitting underneath the candlestick. If this level continues acting as a support, Dogecoin price could have a shot at recovery, bouncing off $0.164.

DOGE/USDT 1 日图表。资料来源：TradingView 然而，50 天指数移动平均线 (EMA) 仍然为正，位于烛台下方。如果该水平继续作为支撑，狗狗币价格可能会反弹，反弹至 0.164 美元。

If DOGE successfully manages to breach through $0.182, the bearish thesis would be invalidated, opening the meme coin up to a rally to $0.20.

Sponsored.divm, .divd {display: none;}@media 屏幕和 (max-width: 768px) {.divm {display: block;}}@media 屏幕和 (min-width: 769px) {.divd {display: block;}}赞助如果 DOGE 成功突破 0.182 美元，则看跌论点将失效，从而使 meme 币上涨至 0.20 美元。