Dogecoin (DOGE): Bearish Trend Amidst Crypto Market Crash

狗狗币（DOGE）：加密货币市场崩盘中的看跌趋势

Cover image via U.Today

封面图片来自 U.Today

The Dogecoin (DOGE) price has been in a bearish state for the last several weeks. Notably, the recent crypto market crash has had a significant impact on DOGE, causing a major price dip. Investors are closely watching the decision of the U.S. Federal Reserve's Federal Open Market Committee (FOMC) regarding interest rates.

过去几周，狗狗币（DOGE）的价格一直处于看跌状态。值得注意的是，最近的加密货币市场崩盘对 DOGE 产生了重大影响，导致价格大幅下跌。投资者正在密切关注美联储联邦公开市场委员会（FOMC）有关利率的决定。

Furthermore, the sentencing of Binance founder Changpeng Zhao for money laundering violations on Tuesday sent shockwaves through the crypto market, contributing to the price decline.

此外，币安创始人赵长鹏周二因洗钱违法行为被判刑，在加密货币市场引发冲击，导致价格下跌。

End of Meme Coin Rally

Meme 币拉力赛结束

Earlier this year, meme coins experienced a surge in prices. Dogecoin, the leading meme coin by market capitalization, led this resurgence and rallied significantly. However, the trend has reversed recently.

今年早些时候，模因币的价格飙升。狗狗币是市值领先的模因币，引领了这次复苏并大幅上涨。然而，这种趋势最近发生了逆转。

DOGE's price has plummeted from over $0.22 in early April to its current level of $0.125, a decline of 7.87% in the last 24 hours. Over the past 30 days, it has crashed by 39.29%. This not only highlights the volatility of the crypto market but also exposes the challenges facing the meme coin sector.

DOGE的价格从4月初的0.22美元以上暴跌至目前的0.125美元，过去24小时内下跌了7.87%。过去30天，暴跌39.29%。这不仅凸显了加密货币市场的波动性，也暴露了模因币行业面临的挑战。

Bearish Dogecoin Metrics

看跌狗狗币指标

CoinGlass data indicates that the DOGE price decline has led to $13.56 million in liquidations in the past 24 hours, with $12.44 million in long positions and $1.12 million in short positions. This data reflects the bearish sentiment among investors.

CoinGlass数据显示，DOGE价格下跌在过去24小时内导致了1356万美元的平仓，其中多头头寸为1244万美元，空头头寸为112万美元。该数据反映了投资者的看跌情绪。

Additionally, open interest in Dogecoin has dropped by 12.61% to $693.70 million in the last 24 hours, signaling a loss of investor interest in the meme coin.

此外，狗狗币的未平仓合约在过去 24 小时内下降了 12.61% 至 6.937 亿美元，表明投资者对这种模因币的兴趣丧失。