Dogecoin Faces Headwinds Amidst Consolidation Phase

狗狗币在整合阶段面临阻力

Dogecoin (DOGE) has struggled to sustain its upward momentum after briefly reaching a high of $0.48. It has since settled into a consolidation range between $0.42 and $0.37, influenced by heightened market volatility. Currently, DOGE trades at $0.3832, experiencing a 4.11% decline from the daily opening.

狗狗币 (DOGE) 在短暂触及 0.48 美元高点后，一直难以维持上涨势头。此后，受市场波动加剧的影响，其盘整区间在 0.42 美元至 0.37 美元之间。目前，DOGE 交易价格为 0.3832 美元，较每日开盘下跌 4.11%。

Bearish Sentiment Prevails

看跌情绪盛行

Bearish sentiment pervades the Dogecoin market, indicating a potential shift in market dynamics. As noted by crypto analyst Ali Martinez, bulls are becoming increasingly restless due to the prolonged stagnation in price. This sentiment reversal suggests a depletion of buying momentum, while selling pressure intensifies.

狗狗币市场弥漫着看跌情绪，表明市场动态可能发生转变。正如加密货币分析师阿里·马丁内斯（Ali Martinez）指出的那样，由于价格长期停滞，多头变得越来越不安。这种情绪逆转表明购买动力减弱，而抛售压力加剧。

With sellers controlling the market, downward pressure escalates, leading to a supply surplus and price declines. The downtrend in the Relative Strength Index (RSI) over the past 10 days further supports this bearish outlook. Investors are selling off recent gains without replenishing short-term declines, exacerbating the downward spiral.

由于卖方控制市场，下行压力升级，导致供应过剩和价格下跌。过去 10 天相对强弱指数 (RSI) 的下降趋势进一步支持了这种看跌前景。投资者正在抛售近期涨幅，而没有弥补短期跌幅，从而加剧了下行螺旋。

Data from Coinglass reveals that short sellers dominate the market, accounting for 54% of open positions over the past 24 hours and 64% over the past 4 hours. This indicates a widespread anticipation of further price declines.

Coinglass的数据显示，卖空者主导了市场，在过去24小时内占未平仓头寸的54%，在过去4小时内占64%。这表明人们普遍预期价格将进一步下跌。

Technical Indicators Suggest Continued Weakness

技术指标显示持续疲软

Dogecoin's price charts provide additional evidence of a deteriorating market condition. The positive directional index (+DI) has been steadily falling, signaling a loss of bullish momentum. Simultaneously, the strengthening downtrend suggests diminished buying activity and elevated bearish pressure.

狗狗币的价格图表提供了市场状况恶化的额外证据。正向指数（+DI）一直在稳步下跌，表明看涨势头正在丧失。同时，下行趋势的加强表明购买活动减少和看跌压力加大。

Another key indicator, the Price DAA (Daily Active Addresses) differential, has remained negative throughout the week, indicating declining investor interest in the asset. Such circumstances could lead to further losses, potentially pushing DOGE as low as $0.367 under persistent bearish pressure.

另一个关键指标，DAA（每日活跃地址）价格差，本周一直保持负值，表明投资者对该资产的兴趣下降。这种情况可能会导致进一步的损失，在持续的看跌压力下，DOGE 可能会跌至 0.367 美元。

Market Dynamics and Sentiment Impact Dogecoin

市场动态和情绪影响 狗狗币

The confluence of fluctuating market conditions and bearish sentiment has weighed heavily on Dogecoin during the recent trading session. Despite technical indicators predicting a further decline, the market remains dynamic. An influx of new demand could potentially alter this trend, emphasizing the importance of monitoring technical signals and broader market factors to navigate price fluctuations.

在最近的交易时段中，市场状况波动和看跌情绪的共同作用对狗狗币造成了沉重压力。尽管技术指标预测将进一步下跌，但市场仍然充满活力。新需求的涌入可能会改变这一趋势，强调监测技术信号和更广泛的市场因素以应对价格波动的重要性。