Dogecoin Experiences Significant Price Decline

狗狗币价格大幅下跌

On May 28, Dogecoin (DOGE) witnessed a notable price drop of 5%, reaching an intraday low of $0.16192. This decline was more pronounced than the broader cryptocurrency market, which experienced a loss of approximately 1.47% during the same period. The fall in DOGE's value comes after a 3.2% dip in Bitcoin within the last 24 hours. Despite impressive gains of over 7.5% in the past month, DOGE's current trajectory has raised concerns among investors.

5 月 28 日，狗狗币 (DOGE) 价格大幅下跌 5%，触及日内低点 0.16192 美元。这一跌幅比更广泛的加密货币市场更为明显，加密货币市场同期下跌了约 1.47%。 DOGE 价值下跌是在比特币在过去 24 小时内下跌 3.2% 之后发生的。尽管过去一个月的涨幅超过 7.5%，但 DOGE 目前的走势引起了投资者的担忧。

Causes of Dogecoin's Decline

狗狗币下跌的原因

Between May 22 and May 26, Dogecoin's value began to slide, and it now trades 2.5% below its value from the previous week. Data analysis from Coinglass, a blockchain analytics platform, indicates a significant 37% decrease in open interest (OI) in DOGE futures contracts, dropping from $1.67 billion in mid-April to $1.04 billion.

5 月 22 日至 5 月 26 日期间，狗狗币的价值开始下滑，目前其交易价格较前一周下跌 2.5%。区块链分析平台 Coinglass 的数据分析显示，DOGE 期货合约的未平仓合约 (OI) 大幅下降 37%，从 4 月中旬的 16.7 亿美元降至 10.4 亿美元。

Additionally, the funding rate for Dogecoin perpetual futures contracts fell from 0.0243% on May 23 to 0.0118% on May 28. These declining metrics reflect a bearish sentiment among investors, which could be contributing to the increased selling pressure on DOGE.

此外，狗狗币永续期货合约的融资利率从 5 月 23 日的 0.0243% 降至 5 月 28 日的 0.0118%。这些下降的指标反映了投资者的看跌情绪，这可能导致 DOGE 的抛售压力增加。

Market Dynamics Impacting Dogecoin

影响狗狗币的市场动态

The broader market correction, which led to millions of dollars being liquidated, also impacted DOGE, reducing its price to $0.1512. Whale activity has surged, with transactions of $100,000 or more in DOGE rising considerably. IntoTheBlock reported a 28% increase in transactions between $100,000 and $1 million last week, and a more than 55% rise in transactions over $1 million in the past 30 days, suggesting institutional investors are cashing in on profits.

更广泛的市场调整导致数百万美元被清算，也影响了 DOGE，使其价格降至 0.1512 美元。鲸鱼活动激增，DOGE 100,000 美元或以上的交易大幅增加。 IntoTheBlock 报告称，上周 10 万美元至 100 万美元之间的交易量增长了 28%，过去 30 天内超过 100 万美元的交易量增长了 55% 以上，这表明机构投资者正在兑现利润。

A bearish divergence between DOGE's price and its relative strength index (RSI) on the weekly timeframe also contributed to the recent decline. Despite higher DOGE prices from April 15 to May 28, the daily RSI recorded lower levels, signaling weakening momentum and prompting traders to sell.

每周时间框架内 DOGE 价格与其相对强弱指数 (RSI) 之间的看跌背离也导致了近期的下跌。尽管 4 月 15 日至 5 月 28 日 DOGE 价格上涨，但每日 RSI 录得较低水平，表明势头减弱并促使交易者抛售。

Key Insights for Investors

投资者的重要见解

Investor actions point to several trends that could influence Dogecoin's price:

投资者的行动表明了可能影响狗狗币价格的几个趋势：

• Decreased open interest in DOGE futures could signal further price drops.
• Falling funding rates indicate a bearish outlook among investors.
• Increased whale transactions may cause additional selling pressure.
• Bearish RSI divergence suggests weakening market strength.

IntoTheBlock's IOMAP model identifies support for DOGE around the $0.165 region with resistance between $0.163 and $0.168. Approximately 97,980 addresses hold about 7.03 billion DOGE in this range. This concentration of holdings at these levels may add selling pressure, potentially driving the price lower. The next major support level is the 50-day simple moving average at $0.10, which could offer some stability if the downward trend continues.

DOGE 期货未平仓头寸减少可能预示着价格进一步下跌。融资利率下降表明投资者看跌前景。鲸鱼交易增加可能会导致额外的抛售压力。看跌 RSI 背离表明市场实力减弱。IntoTheBlock 的 IOMAP 模型确定 DOGE 在 0.165 美元区域附近得到支撑阻力位在 0.163 美元至 0.168 美元之间。大约 97,980 个地址持有该范围内约 70.3 亿个 DOGE。在这些水平上持仓集中可能会增加抛售压力，从而可能推动价格走低。下一个主要支撑位是 0.10 美元的 50 日简单移动平均线，如果下跌趋势继续下去，该支撑位可能会提供一定的稳定性。

The post first appeared on BH NEWS: Dogecoin Faces Notable Price Drop

该帖子首次出现在 BH NEWS：狗狗币面临显着的价格下跌