Dogecoin Price Under Pressure Amidst Market Decline

在市场下降的压力下，狗狗币价格下降

Dogecoin, the world's largest memecoin, is experiencing significant selling pressure due to a broader market downturn. Following a sharp decline on Monday that extended into early Tuesday, DOGE appears to be consolidating.

世界上最大的成年币Dogecoin由于更广泛的市场低迷而承受着巨大的销售压力。 在周一延长到周二凌晨的急剧下降之后，Doge似乎正在巩固。

Dogecoin Price Outlook

Dogecoin价格前景

On Monday, DOGE fell below its 200-day Simple Moving Average (SMA) at $0.24 for the first time since October 2024. This decline continued into Tuesday, reaching lows of $0.195, representing a loss of over 15% in two days. However, the price has since recovered to approximately $0.2071. Investor activity remains low, with daily trading volume down by 50%.

周一，Doge以自2024年10月以来首次降至200天简单的移动平均线（SMA）低于0.24美元。这种下降一直持续到星期二，低点达到0.195美元，两天内损失了15％以上。 但是，此后的价格已恢复到约0.2071美元。 投资者活动仍然很低，每日交易量下降了50％。

Previously, $0.24 served as strong support for DOGE. Following the recent price drop, on-chain analysts now identify $0.19 as the key support level. A further decline below $0.19 could increase the probability of a deeper correction towards $0.060. Conversely, a successful rebound above $0.19 and reclaiming the 200-day SMA could signal diminishing selling pressure, potentially leading to a rally towards the 50-day SMA of $0.30, where resistance is expected.

以前，$ 0.24是Doge的大力支持。 在最近的价格下跌之后，链上分析师现在将0.19美元确定为关键支持水平。 低于$ 0.19的进一步下降可能会增加更深层更正的概率，从而提高$ 0.060。相反，成功的反弹超过$ 0.19并收回200天的SMA可能会标志着销售压力降低，这可能导致预计有抵抗力的50天SMA的集会。

On-Chain Sentiment

链情绪

Analyst Ali Martinez recently highlighted on X another significant Dogecoin price dynamic: total futures trading volume currently sits at $992 million.

分析师阿里·马丁内斯（Ali Martinez）最近在X上强调了另一个重要的Dogecoin价格动态：目前的总期货交易量为9.92亿美元。

This represents a dramatic decrease from the $58.2 billion recorded in November, indicating a significant shift in market interest or liquidity. Several factors could contribute to this decline, including broader crypto market volatility, waning hype, and traders shifting their focus elsewhere. Dogecoin's next move may depend on its ability to regain this lost momentum.

这与11月记录的582亿美元相比，这表明市场兴趣或流动性发生了重大变化。 几个因素可能导致这种下降，包括更广泛的加密货币市场波动，炒作减弱，交易者将重点转移到其他地方。 Dogecoin的下一步行动可能取决于其恢复这种失去动力的能力。

Some market participants believe the current trend signals the end of the altcoin season, citing substantial declines in other top altcoins since the beginning of the week. The altcoin sector is also still recovering from last week's Bybit attack. Furthermore, broader crypto market volatility, exemplified by Bitcoin's fall below $90,000 (currently trading around $86,735, down 9.8% in the past seven days), adds further pressure.

一些市场参与者认为，当前趋势在Altcoin季节结束时标志着，自本周初以来，其他顶级山寨币的大幅下降。 Altcoin行业也仍在上周的BYBIT攻击中恢复。 此外，比特币低于90,000美元（目前交易约86,735美元，在过去七天下降了9.8％）的更广泛的加密货币市场波动率，这增加了进一步的压力。

Rebound or Pullback?

反弹还是回调？

While Dogecoin's recent gains are encouraging some traders, others remain skeptical about its long-term prospects. On-chain data suggests the recent price increase is driven by social media buzz, celebrity endorsements, and retail speculation. Given Dogecoin's volatility and lack of inherent utility, many analysts predict this gain could be short-lived. However, positive developments, such as the approval of a DOGE Exchange-Traded Fund (ETF), could potentially trigger a 50% rally.

尽管Dogecoin最近的收益鼓励了一些交易者，但其他人对其长期前景仍然持怀疑态度。 链上的数据表明，最近的价格上涨是由社交媒体的嗡嗡声，名人代言和零售投机所推动的。 鉴于Dogecoin的波动性和缺乏固有的效用，许多分析师预测这种增益可能是短暂的。 但是，积极的发展，例如批准了门卫交换基金（ETF），可能会触发50％的集会。

The current market situation remains uncertain, making it difficult to determine whether the recent price spike signals a genuine rebound or a temporary surge before another downturn. Despite this uncertainty, Dogecoin's potential to generate market excitement remains evident. Analysts like Tardigrade maintain a positive outlook, noting that DOGE is completing its fourth falling wedge pattern, a formation that previously preceded a 445% rally.

当前的市场状况仍然不确定，因此很难确定最近的价格飙升是真正的反弹还是在另一场经济衰退之前的临时激增。 尽管存在这种不确定性，但Dogecoin产生市场兴奋的潜力仍然很明显。像Tardigrade这样的分析师保持了积极的前景，并指出Doge正在完成其第四个掉落楔形模式，这是以前在445％集会之前的阵型。

The post Dogecoin Price Prediction: Is a 50% Rebound Imminent? appeared first on The Coin Republic.

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