The king of cryptocurrency continues to fluctuate, and after testing the latest resistances, the price has eased towards support. While BTC price has largely remained stable, DOGE, which has stayed mostly stagnant, suffered significant losses from the recent drop. As most altcoins share this fate, Bitcoin market dominance has once again risen above 50%.

加密货币之王继续波动，在测试最新阻力后，价格已回落至支撑位。尽管BTC价格基本保持稳定，但DOGE却基本停滞不前，因近期下跌而蒙受了重大损失。由于大多数山寨币都有同样的命运，比特币的市场主导地位再次上升到 50% 以上。

Dogecoin (DOGE) Analysis

狗狗币（DOGE）分析

Yesterday, DOGE price lost its 120-day horizontal support. In the DOGE price predictions articles we have shared over the past 14 days, we have constantly emphasized this risk. The drop was fueled by miner sales, with the final push coming from BTC losses. As a result, DOGE fell below $0.06 due to the losses in Bitcoin price.

昨天，DOGE 价格失去了 120 日水平支撑。在我们过去14天分享的DOGE价格预测文章中，我们不断强调这种风险。矿商抛售推动了下跌，而最后的推动力来自比特币的损失。结果，由于比特币价格下跌，DOGE 跌破 0.06 美元。

On the daily chart, the $0.06 support has been noticeably significant since June 10. In addition to losing this level, the price formed a descending triangle, which is considered a bearish pattern, trading below a declining resistance trend line since July 25.

日线图上，自 6 月 10 日以来，0.06 美元的支撑位一直非常重要。除了失去该水平外，价格还形成了一个下降三角形，这被认为是看跌模式，自 7 月 25 日以来交易在下降阻力趋势线下方。

DOGE price, which dropped to $0.057, the lowest price since August 17, is still close to the $0.055 support level.

DOGE 价格跌至 0.057 美元，为 8 月 17 日以来的最低价格，仍接近 0.055 美元的支撑位。

DOGE Price Prediction

DOGE价格预测

The daily RSI supports a downward trend, and the readings on the weekly chart are not promising either. DOGE price is trading within a larger descending triangle formation with a base at $0.057. As mentioned earlier, this is a bearish formation, and if the base is lost, further losses are likely to accelerate.

日线 RSI 支持下降趋势，周线图上的读数也不容乐观。 DOGE 价格在一个较大的下降三角形内交易，底部为 0.057 美元。如前所述，这是一个看跌形态，如果底部失守，进一步的损失可能会加速。

If the base line is lost, a 67% loss can occur, which means the price could drop to $0.02, as indicated by the descending triangle.

如果基线丢失，可能会出现 67% 的损失，这意味着价格可能会跌至 0.02 美元，如下降三角形所示。

Some experts are concerned about BTC losing $26,800 in the near future and dropping to $25,000 and $23,000. In this scenario, DOGE price could also drop to $0.02 due to the impact of overselling (as indicated by the descending triangle).

一些专家担心BTC在不久的将来会损失26,800美元，并跌至25,000美元和23,000美元。在这种情况下，由于超卖的影响，DOGE 价格也可能跌至 0.02 美元（如下降三角形所示）。

Of course, technical analysis does not predict the future and does not have to follow price formations. However, past experiences indicate that this is the most likely scenario. The weekly chart also supports the downward trend in RSI.

当然，技术分析并不预测未来，也不必遵循价格形成。然而，过去的经验表明，这是最有可能发生的情况。周线图也支持RSI的下降趋势。

Despite the bearish prediction, if DOGE price bounces from $0.057, it could recover up to the long-term declining resistance trend line at $0.07.

尽管有看跌的预测，但如果 DOGE 价格从 0.057 美元反弹，则可能会恢复至 0.07 美元的长期下降阻力趋势线。

继续阅读：https://en.coin-turk.com/dogecoin-doge-price-could-drop-by-67-pay-attention-to-ritic-level/