While most of the altcoin market is showing good recovery, the world’s largest memecoin – Dogecoin (DOGE) – is facing strong selling pressure. As of press time, the Dogecoin (DOGE) price is down by over 4% trading at $0.095 and losing its ninth spot to Avalanche (AVAX).

虽然大多数山寨币市场都表现出良好的复苏，但世界上最大的模因币——狗狗币（DOGE）——却面临着强大的抛售压力。截至发稿时，狗狗币 (DOGE) 价格下跌超过 4%，交易至 0.095 美元，第九位被 Avalanche (AVAX) 夺走。

Key Support Levels to Watch for Dogecoin

狗狗币值得关注的关键支撑位

Cryptocurrency analyst Ali Martinez has reported that the TD Sequential indicator has issued a sell signal on the weekly chart for Dogecoin ($DOGE). This development coincides with Dogecoin encountering a significant resistance level that has previously hindered its upward movements.

加密货币分析师 Ali Martinez 报告称，TD 顺序指标已在狗狗币 ($DOGE) 的周线图上发出卖出信号。这一发展恰逢狗狗币遇到了先前阻碍其上涨的重大阻力位。

In the event of a correction, Martinez suggests potential price declines to the range of $0.085 to $0.078. However, a bullish scenario could unfold if Dogecoin manages to surpass the $0.11 mark, effectively negating the bearish outlook.

如果出现调整，马丁内斯建议价格可能下跌至 0.085 美元至 0.078 美元的范围。然而，如果狗狗币成功突破 0.11 美元大关，看涨前景可能会出现，从而有效地否定看跌前景。

The $0.0959 level holds significant importance for Dogecoin ($DOGE), historically serving as a resistant barrier that the meme coin struggled to breach for nearly 11 months until achieving a breakthrough in the past week.

0.0959 美元的水平对于狗狗币 ($DOGE) 来说非常重要，历史上一直是模因币在近 11 个月里努力突破的阻力屏障，直到上周实现突破。

Following this recent breakthrough, Dogecoin’s price is now vulnerable to potential further declines, risking the loss of support at $0.0900. The subsequent critical support is at $0.0840, and a breach could lead to an 11.5% downturn for the cryptocurrency.

在最近的这一突破之后，狗狗币的价格现在很容易出现进一步下跌的风险，有可能失去 0.0900 美元的支撑位。随后的关键支撑位为 0.0840 美元，突破可能导致加密货币下跌 11.5%。

Despite the recent setback, indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are still reflecting some bullish sentiment in the market. This positive outlook could contribute to a recovery, potentially aiding DOGE in reestablishing $0.0959 as a support level. This achievement might propel the meme coin towards $0.1000 and set the stage for further upward movements.

尽管近期遭遇挫折，相对强弱指数（RSI）和移动平均线收敛分歧（MACD）等指标仍反映了市场的一些看涨情绪。这种积极的前景可能有助于经济复苏，可能有助于 DOGE 重新确立 0.0959 美元的支撑位。这一成就可能会将 meme 币推向 0.1000 美元，并为进一步上涨奠定基础。

DOGE Founder Reacts to Bears

DOGE 创始人对熊市的反应

In the early hours of Monday, Dogecoin founder Billy Markus, also known as Shibetoshi Nakamoto on Twitter, humorously responded to bearish sentiments. Markus took to Twitter, stating, “oh no crypto died everything is dead blah blah blah.” The jest received positive reactions from the community, including approval from Elon Musk, the owner of X and affectionately dubbed the “DOGEfather.”

周一凌晨，狗狗币创始人比利·马库斯（Billy Markus）（在 Twitter 上也被称为 Shibetoshi Nakamoto）幽默地回应了看跌情绪。马库斯在推特上表示，“哦，没有加密货币死了，一切都死了等等等等。”这个笑话得到了社区的积极反响，包括 X 的所有者、被亲切地称为“DOGE 之父”的埃隆·马斯克 (Elon Musk) 的认可。

— Elon Musk (@elonmusk) December 11, 2023

— 埃隆·马斯克 (@elonmusk) 2023 年 12 月 11 日

There’s a new boss in the memecoin space and it’s the Solana-based BONK crypto. In the recent week, the memecoin Bonk, operating on the Solana blockchain, has notably outperformed its counterparts. Demonstrating an impressive surge, the digital asset recorded a remarkable 150% increase in value, surpassing the gains of Dogecoin, Shiba Inu, Pepe, and Floki Inu, ultimately achieving an all-time high.

memecoin 领域出现了一位新老板，它就是基于 Solana 的 BONK 加密货币。最近一周，在 Solana 区块链上运行的 memecoin Bonk 的表现明显优于同类货币。该数字资产表现出令人印象深刻的飙升，价值增长了 150%，超过了狗狗币、柴犬、佩佩和弗洛基犬的涨幅，最终创下了历史新高。

The post Dogecoin (DOGE) Price Under Strong Selling Pressure, Key Support Levels to Watch appeared first on CoinGape.

狗狗币 (DOGE) 价格在强劲抛售压力下，值得关注的关键支撑位首先出现在 CoinGape 上。