Dogecoin Faces Potential Price Drop

狗狗币面临潜在的价格下跌

Dogecoin (DOGE) has seen a 2.87% decrease in value over the last 24 hours, currently priced at $0.106. This drop is part of a larger trend within a descending channel formation that has persisted for 106 days. DOGE fell below a crucial support level on June 17, establishing lower lows and having difficulty sustaining upward momentum beyond this now-resistance level.

狗狗币 (DOGE) 的价值在过去 24 小时内下跌了 2.87%，目前价格为 0.106 美元。这次下跌是下降通道形成中更大趋势的一部分，该通道已持续 106 天。 6 月 17 日，DOGE 跌破关键支撑位，创下更低的低点，并且难以维持突破当前阻力位的上行势头。

Price Prediction

价格预测

Technical indicators suggest DOGE may be poised for further decline due to a bear flag formation on the daily chart. A downward breakout from this formation could result in an 18% drop, bringing the price to $0.085.

技术指标表明，由于日线图上形成熊旗，DOGE 可能会进一步下跌。向下突破该形态可能会导致 18% 的下跌，使价格达到 0.085 美元。

The Chaikin Money Flow and Relative Strength Index indicators also indicate a bearish outlook, reflecting a decrease in buying pressure and downward momentum.

Chaikin 资金流向和相对强弱指数指标也显示看跌前景，反映出购买压力和下行动力的减弱。

Key Support and Resistance Levels

关键支撑位和阻力位

If DOGE experiences a downward breakout, key support levels to monitor are $0.103 and $0.091. Conversely, if it regains positive momentum, it could potentially rise to $0.13, encountering resistance at $0.116 and $0.125.

如果 DOGE 经历向下突破，需要监控的关键支撑位是 0.103 美元和 0.091 美元。相反，如果它重新获得积极势头，则可能上涨至0.13美元，并在0.116美元和0.125美元处遇到阻力。

Market Factors

市场因素

Dogecoin's price is heavily influenced by movements in Bitcoin (BTC) and broader market trends. In 2024, there have been few significant developments for DOGE. Speculation about its acceptance as a payment method for Tesla remains notable, but a recent surge in Bitcoin selling led to a 26% decline in DOGE's value, potentially setting the stage for further erosion.

狗狗币的价格很大程度上受到比特币（BTC）走势和更广泛市场趋势的影响。 2024 年，DOGE 几乎没有什么重大进展。有关特斯拉接受其作为支付方式的猜测仍然值得注意，但近期比特币销售激增导致 DOGE 价值下跌 26%，可能为进一步侵蚀奠定基础。

Open Interest and Investor Sentiment

未平仓合约和投资者情绪

Data from Coinalyze shows that DOGE's total Open Interest has decreased by 0.26% over the last 24 hours, suggesting a modest reduction in new funds entering the market. Nonetheless, investors with active positions tend to remain optimistic, with 74% holding long positions and 25% holding short positions.

Coinalyze 的数据显示，DOGE 的未平仓总量在过去 24 小时内下降了 0.26%，这表明进入市场的新资金略有减少。尽管如此，持有活跃头寸的投资者往往保持乐观，74%的人持有多头头寸，25%的人持有空头头寸。

On-chain data from Into The Block indicates that 73% of DOGE investors are currently in profit, while 25% are at a loss.

Into The Block 链上数据显示，目前 73% 的 DOGE 投资​​者处于盈利状态，25% 处于亏损状态。