Dogecoin Navigates Market Volatility and Anticipates Price Fluctuations

狗狗币应对市场波动并预测价格波动

Dogecoin (DOGE) has consistently hovered around $0.1, with recent Bitcoin sell-offs exacerbating losses. Current market dynamics indicate a weakening in open positions for DOGE in futures and an uptick in Chaikin Money Flow (CMF). These indicators suggest potential price movements on the horizon.

狗狗币（DOGE）一直徘徊在 0.1 美元左右，最近的比特币抛售加剧了损失。当前的市场动态表明 DOGE 期货未平仓头寸减弱，而 Chaikin 资金流 (CMF) 上升。这些指标表明即将出现的潜在价格变动。

Open Interest (OI) Decline

未平仓合约 (OI) 下降

OI, which has plummeted to $2.51 billion, represents the lowest value for DOGE since the year's inception. Given recent liquidations and market uncertainty, the dwindling size of open positions in futures is unsurprising. This reduction suggests waning interest and a potential decline in spot price due to reduced market activity.

OI 已暴跌至 25.1 亿美元，这是 DOGE 自今年以来的最低值。考虑到最近的清算和市场的不确定性，期货未平仓头寸规模的减少并不令人意外。这种减少表明兴趣减弱，并且由于市场活动减少，现货价格可能下跌。

The decline in open positions commenced on June 8th, paralleling similar trends observed in many altcoins. The size of open positions has diminished by approximately 80% over the past month, hovering around $10 billion a month ago. The DOGE price has subsequently fallen by over 30%, currently resting at $0.1.

未平仓头寸从 6 月 8 日开始下降，与许多山寨币中观察到的类似趋势相似。过去一个月，未平仓头寸规模减少了约 80%，一个月前徘徊在 100 亿美元左右。 DOGE 价格随后下跌了 30% 以上，目前为 0.1 美元。

DOGE Price Predictions

DOGE 价格预测

In the futures market, the funding rate is negative, indicating pressure on short sellers. However, despite the significant contraction in open positions and the negative funding rate, CMF is exhibiting an upward trend. CMF is currently positioned at 0.03 above the zero line and continuing to rise. This indicates that money inflow in the spot market is surpassing outflow.

在期货市场，资金利率为负，表明卖空者面临压力。然而，尽管未平仓头寸大幅收缩且资金利率为负，CMF 仍呈现上升趋势。 CMF目前位于零线上方0.03并持续上涨。这表明现货市场资金流入超过流出。

This divergence, resembling a bullish pattern, suggests demand despite the declining price. If CMF remains robust and Bitcoin stabilizes above $57,000, DOGE could experience renewed price gains.

这种背离类似于看涨模式，表明尽管价格下跌，但仍有需求。如果 CMF 保持强劲并且比特币稳定在 57,000 美元以上，DOGE 可能会经历新的价格上涨。

In a potential recovery, peaks between $0.11 and $0.13 are likely targets. Conversely, if the trend reverses, the downside risk extends down to $0.08. Bitcoin's inability to sustain a price above $58,000 and on-chain signals (such as Germany sales) have instilled fear among investors, triggering sell-offs. This cycle presents a continued short-term risk for DOGE.

在潜在的复苏中，0.11 美元至 0.13 美元之间的峰值可能是目标。相反，如果趋势逆转，下行风险将延伸至 0.08 美元。比特币无法维持在 58,000 美元以上的价格以及链上信号（例如德国销售）给投资者带来了恐惧，引发了抛售。这一周期给 DOGE 带来了持续的短期风险。

Additionally, Dogecoin faces the setback of waning support from Elon Musk. For the time being, investors may adopt a cautious approach and monitor market developments.

此外，狗狗币还面临埃隆·马斯克支持减弱的挫折。目前，投资者可采取谨慎态度，关注市场动态。