Dogecoin Price Drops 4% Amid Meme Coin Slump

Meme 币暴跌，狗狗币价格下跌 4%

While other meme coins like PEPE Coin and Dogfi have surged recently, Dogecoin (DOGE), the largest meme coin, has performed poorly. Over the past 24 hours, DOGE has fallen another 4% to below $0.16, reflecting a broader decline in the meme coin sector.

虽然 PEPE Coin 和 Dogfi 等其他 meme 币最近价格飙升，但最大的 meme 币 Dogecoin (DOGE) 却表现不佳。在过去 24 小时内，DOGE 又下跌 4%，至 0.16 美元以下，反映出模因币领域的更广泛下跌。

Factors Behind Dogecoin's Underperformance

狗狗币表现不佳背后的因素

Market analyst Ali Martinez notes a key resistance zone for DOGE between $0.166 and $0.171. If DOGE can break above this level, it could potentially double in value, targeting the next resistance at $0.322.

市场分析师 Ali Martinez 指出 DOGE 的关键阻力区在 0.166 美元至 0.171 美元之间。如果 DOGE 能够突破这一水平，其价值可能会翻倍，下一个阻力位为 0.322 美元。

However, demand for Dogecoin has declined recently, while PEPE and WIF have rallied. According to IntoTheBlock, the number of daily addresses involved in DOGE transactions has dropped by 18% in the last week. New addresses created to trade DOGE have also decreased by 21%.

然而，狗狗币的需求最近有所下降，而 PEPE 和 WIF 则有所上涨。据IntoTheBlock统计，上周参与DOGE交易的每日地址数量下降了18%。用于交易 DOGE 的新地址也减少了 21%。

A decline in active and new addresses indicates lower overall trading volume. Santiment's data shows that DOGE's daily trading volume peaked at $3.01 billion on May 24 but has since fallen by 53%.

活跃地址和新地址的下降表明总体交易量下降。 Santiment的数据显示，DOGE的日交易量在5月24日达到30.1亿美元的峰值，但此后已经下降了53%。

Trader Buys 2 Million DOGE Call Options

交易者买入 200 万份 DOGE 看涨期权

On May 29, a cryptocurrency trader purchased 2 million Dogecoin call options with a strike price of $0.22, expiring on June 14. This means DOGE would need to rise by 31% from current levels for the options to become profitable.

5 月 29 日，一位加密货币交易员购买了 200 万份狗狗币看涨期权，执行价格为 0.22 美元，将于 6 月 14 日到期。这意味着 DOGE 需要从当前水平上涨 31% 才能实现盈利。

Bernd Sischka, chief commercial officer at derivatives exchange PowerTrade, believes altcoins have been lagging behind Ethereum's recent rally. He suggests that investors may be following Ethereum's lead and speculating on potential moves in altcoins. However, he adds that Dogecoin could be influenced by Elon Musk's decision to potentially incorporate it as a payment currency on Twitter.

衍生品交易所 PowerTrade 首席商务官 Bernd Sischka 认为，山寨币一直落后于以太坊最近的涨势。他建议投资者可能会追随以太坊的脚步，猜测山寨币的潜在走势。不过，他补充说，狗狗币可能会受到埃隆·马斯克(Elon Musk)决定将狗狗币纳入Twitter作为支付货币的影响。