Dogecoin Price Drops Below Crucial Support

狗狗币价格跌破关键支撑位

Dogecoin (DOGE) investors have faced a difficult period, with the weekly and daily charts showing a downward trend. The situation worsened when the memecoin breached a key support level.

狗狗币（DOGE）投资者面临着一段困难时期，周线图和日线图均呈现下降趋势。当模因币突破关键支撑位时，情况变得更糟。

DOGE's Recent Struggles

DOGE 最近的挣扎

According to CoinMarketCap, DOGE's price has plunged by over 11% in the past week. In the last 24 hours alone, its value has declined by more than 4%. At the time of writing, DOGE trades at $0.119, with a market capitalization exceeding $17.2 billion.

根据 CoinMarketCap 的数据，DOGE 的价格在过去一周暴跌了 11% 以上。仅在过去24小时内，其价值就下跌了4%以上。截至撰写本文时，DOGE 的交易价格为 0.119 美元，市值超过 172 亿美元。

Key Metrics

关键指标

An analysis of IntoTheBlock's data reveals that 72% of DOGE investors are currently in profit. However, confidence in the coin has dwindled. Investors' average balance has dropped to $2.6k, suggesting that they anticipate further decline.

对 IntoTheBlock 数据的分析显示，72% 的 DOGE 投资​​者目前处于盈利状态。然而，人们对硬币的信心已经减弱。投资者的平均余额已降至 2600 美元，表明他们预计会进一步下跌。

Chain Data Analysis

链上数据分析

Chain data from Santiment indicates a bearish outlook. DOGE's MVRV ratio has fallen sharply, while Daily Active Addresses have decreased since a peak on June 20th. The Weighted Sentiment remains negative, reflecting dominant bearish sentiment.

Santiment 的连锁数据显示前景看跌。 DOGE 的 MVRV 比率大幅下降，而每日活跃地址自 6 月 20 日的峰值以来有所下降。加权情绪仍然为负面，反映出看跌情绪占主导地位。

Upcoming Outlook

未来展望

A review of DOGE's daily chart suggests a possible trend reversal. The Chaikin Money Flow (CMF) indicates a potential further price drop. However, the Relative Strength Index (RSI) is approaching the oversold zone, which could lead to buying pressure and a price increase. The MACD also hints at a potential bullish crossover.

对 DOGE 日线图的回顾表明趋势可能会逆转。 Chaikin 资金流 (CMF) 表明价格可能进一步下跌。然而，相对强弱指数（RSI）正在接近超卖区域，这可能会导致购买压力和价格上涨。 MACD 还暗示潜在的看涨交叉。

If a trend reversal occurs, DOGE may first reach $0.127. A breakout above this level could lead to a rally towards $0.148 in the coming weeks.

如果趋势发生逆转，DOGE 可能首先触及 0.127 美元。突破该水平可能会导致未来几周反弹至 0.148 美元。