Dogecoin Price Drops Amidst Consolidation

狗狗币价格在整合中下跌

The Dogecoin (DOGE) price recently experienced a significant decline, dropping approximately 9% within the past 24 hours. As of 11:28 p.m. EST, it was trading at $0.3605, marking a surge in trading volume of 75% to $9.6 billion.

狗狗币 (DOGE) 价格最近经历了大幅下跌，在过去 24 小时内下跌了约 9%。截至晚上 11:28美国东部时间，交易价格为 0.3605 美元，交易量激增 75%，达到 96 亿美元。

Bearish Trend for Dogecoin

狗狗币的看跌趋势

On the 4-hour chart, DOGE exhibits a rounded bottom pattern, which typically indicates a potential bullish reversal. After completing this pattern, the price rallied to highs near $0.40. However, a subsequent retracement has occurred, resulting in a price consolidation around $0.36.

在 4 小时图上，DOGE 呈现圆底形态，通常表明潜在的看涨反转。完成这一模式后，价格反弹至 0.40 美元附近的高点。然而，随后出现了回调，导致价格在 0.36 美元附近盘整。

According to GeckoTerminal, the price has dipped below the 50-period Simple Moving Average (SMA) of $0.3685, signaling a short-term bearish trend. Nonetheless, the 200-period SMA of $0.3455 continues to provide strong support, suggesting that the longer-term bullish trend remains intact.

据 GeckoTerminal 称，价格已跌破 50 周期简单移动平均线 (SMA) 0.3685 美元，预示着短期看跌趋势。尽管如此，0.3455 美元的 200 周期移动平均线继续提供强劲支撑，表明长期看涨趋势仍然完好。

Technical Indicators

技术指标

The Relative Strength Index (RSI) currently stands at 42.21, slightly below the neutral 50 level. This indicates a loss of bullish momentum but also suggests that DOGE may be approaching an oversold zone, which could present a potential bounce point if buyers enter the market.

相对强弱指数（RSI）目前为 42.21，略低于中性 50 水平。这表明看涨势头丧失，但也表明 DOGE 可能正在接近超卖区域，如果买家进入市场，这可能会出现潜在的反弹点。

Potential Recovery and Resistance Levels

潜在的恢复和阻力水平

If the Dogecoin price manages to hold above the 200-period SMA and reclaim the 50-period SMA as support, it could trigger an upward move. This could lead to a retest of $0.40 and potentially a continuation to $0.42-$0.45.

如果狗狗币价格能够守住 200 周期 SMA 上方并夺回 50 周期 SMA 作为支撑，则可能会引发上涨。这可能导致重新测试 0.40 美元，并可能继续上涨至 0.42-0.45 美元。

Conversely, if the price falls below the 200-period SMA of $0.3455, the bullish trend could weaken considerably. In this scenario, support may be found near $0.34, with further downside potential towards $0.32.

相反，如果价格跌破 0.3455 美元的 200 周期移动平均线，看涨趋势可能会大幅减弱。在这种情况下，支撑可能会在 0.34 美元附近找到，进一步下行的潜力可能会达到 0.32 美元。