Dogecoin's open interest has plummeted by over $3 billion since January, currently standing at $1.91 billion, according to Coinglass data. This significant drop, reflecting the total value of outstanding derivatives contracts, indicates a decline in trader engagement with the meme coin.

根据Coinglass数据，Dogecoin的开放兴趣下降了30亿美元，目前为19.1亿美元。 这一重大下降反映了未偿还衍生品合同的总价值，表明交易者与模因硬币的参与下降。

Source: Coinglass

资料来源：小店

Concurrently, derivatives volume has decreased by approximately 30%, settling at $3.71 billion, further reinforcing a bearish market sentiment. This downturn, coupled with a broader market decline, has pushed Dogecoin towards the crucial $0.20 support level. Analysts, including Ali Martinez, warn that a breach of this support could signal the end of Dogecoin's bullish cycle. The combination of declining open interest and trading volume suggests traders are reducing their positions amidst market uncertainty.

同时，衍生工具的数量减少了约30％，达到了37.1亿美元，进一步增强了看跌市场的情绪。 这种衰退，再加上更广泛的市场下降，将Dogecoin推向了至关重要的0.20美元的支持水平。 包括阿里·马丁内斯（Ali Martinez）在内的分析师警告说，违反这种支持可能会表明Dogecoin的看涨周期的终结。 开放兴趣和交易量下降的结合表明，在市场不确定性中，交易者正在减少其头寸。

Whales bought the dip, accumulating more than 530 million #Dogecoin $DOGE in the last 72 hours! pic.twitter.com/0cRGqxLoXw
— Ali (@ali_charts) February 27, 2025

Network activity metrics paint a concerning picture. New address creation has plummeted from 1.29 million in November to a mere 30,815, while active addresses have fallen from 2.66 million to 130,282. The inactivity of large Dogecoin holders ("whales"), historically influential in price movements, potentially exacerbates the selling pressure.

鲸鱼购买了蘸酱，在过去的72小时内积累了超过5.3亿#DogeCoin $ Doge！ pic.twitter.com/0crgqxloxw- ali（@ali_charts）2月27日，2025年2月27日，NETWORK活动指标绘制有关图片的绘画。 新的地址创建的创建已从11月的129万人跌至仅30,815，而主动地址从266万下降到130,282。 历史上对价格变动产生影响力的大型狗狗币（“鲸鱼”）的不活动可能加剧了销售压力。

Dogecoin has formed a Bullish Divergence on RSI $Doge RSI Oversold area was also reached. pic.twitter.com/vwK2TAJrKX

— Trader Tardigrade (@TATrader_Alan) February 27, 2025

Dogecoin还达到了RSI $ DOGE RSI超售区域的看涨分歧。 pic.twitter.com/vwk2tajrkx-交易者Tardigrade（@tatrader_alan）2025年2月27日

Despite the bearish indicators, some analysts maintain a positive outlook. Trader Tardigrade, for instance, suggests Dogecoin's price pattern mirrors its 2017 rally, predicting a rise above $1.7 after a period of consolidation. DOGECAPITAL shares a similar prediction, projecting a potential $1.7 target based on historical cycles observed in 2017 and 2021. While short-term forecasts lean bearish, these optimistic predictions suggest potential gains if market stability returns.

尽管有看跌指标，但一些分析师仍保持积极的看法。例如，Trader Tardigrade建议Dogecoin的价格模式反映了其2017年的集会，预测一段时间后的汇总会上涨1.7美元以上。 Dogecitital共享类似的预测，基于2017年和2021年观察到的历史周期，预测了一个潜在的1.7美元目标。尽管短期预测精益缺乏看跌，但这些乐观的预测表明，如果市场稳定性回报，则可能会取得潜在的增长。

Source: Tradingview

资料来源：TradingView

Currently trading at $0.20723 USD, Dogecoin shows a 1.98% increase (+$0.00402) over the past 24 hours. However, this short-term gain is overshadowed by a significant 18.64% drop over the past week and a 37.93% decline over the last month. The longer-term picture reveals a 103.74% increase over the past six months and a 112.34% rise year-over-year, highlighting its past resilience.

Dogecoin目前的交易价格为0.20723美元，在过去24小时内增长1.98％（0.00402）。 但是，这一短期收益在过去一周中的显着18.64％的幅度掩盖了，上个月下降了37.93％。 长期的情况显示，过去六个月中增长了103.74％，同比增长了112.34％，强调了其过去的韧性。

Recently, Dogecoin experienced a sharp 15% drop within two days, falling below the critical 200-day Simple Moving Average (SMA) at $0.24 for the first time since October 2024. This breach signifies intensified selling pressure and a test of new support levels.

最近，Dogecoin在两天内经历了15％的急剧下降，低于至关重要的200天简单移动平均线（SMA），自2024年10月以来首次降至0.24美元。这种违规表明销售压力加强和新的支持水平的测试。

Technical Indicators and Market Sentiment

技术指标和市场情绪

Dogecoin's downward momentum continues, with its price hovering near support levels around $0.19 – $0.20.

Dogecoin的下降势头仍在继续，其价格徘徊在支撑水平接近0.19 - $ 0.20。

Source: Tradingview

资料来源：TradingView

A rebound from this zone could potentially trigger a short-term recovery, possibly targeting the $0.24 – $0.26 range. The RSI's approach to oversold conditions suggests a potential correction if buying pressure resurfaces.

从该区域进行反弹可能会触发短期恢复，可能以0.24美元至0.26美元的价格触发。 RSI的超售条件的方法表明，如果购买压力浮出水面，则可以进行校正。

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Dogecoin网络活动崩溃了97％ - Elon Musk Memecoin时代结束了吗？首先出现在Ethnews上。