Dogecoin's Bearish Descent

狗狗币的看跌下降

Dogecoin has experienced a significant decline of over 7% in the past week, with technical indicators and metrics presenting a bearish outlook.

狗狗币在过去一周经历了超过 7% 的大幅下跌，技术指标和指标呈现看跌前景。

Descending Triangle Pattern

下降三角形模式

Dogecoin's daily chart has formed a bearish descending triangle pattern since April. Despite attempts to break above the upper trendline, the meme coin has faced rejection, increasing the likelihood of a southward breakout if prices fall below $0.128.

自四月份以来，狗狗币的日线图已形成看跌的下降三角形形态。尽管试图突破上方趋势线，但 Meme 代币仍面临拒绝，如果价格跌破 0.128 美元，则增加了向南突破的可能性。

Supporting Metrics

支持指标

Several metrics support this bearish scenario. Dogecoin's velocity has decreased, indicating less frequent usage in transactions. Its MVRV ratio is negative, suggesting that holders are currently in a loss. Additionally, the total number of holders remains stagnant, indicating a lack of new investors.

有几个指标支持这种看跌情景。狗狗币的流通速度有所下降，表明交易中的使用频率较低。其 MVRV 比率为负，表明持有者目前处于亏损状态。此外，持有人总数仍然停滞不前，表明缺乏新投资者。

Sentiment and Social Dominance

情绪和社会主导地位

Dogecoin's Social Dominance has plummeted last week, reflecting a decline in its popularity. Bearish sentiment also prevails in the market, as evidenced by its low Weighted Sentiment.

狗狗币的社交主导地位上周大幅下降，反映出其受欢迎程度的下降。市场上也普遍存在看跌情绪，其较低的加权情绪就证明了这一点。

Price Prediction

价格预测

To assess the potential for a bearish breakout, market indicators were analyzed. Dogecoin's price remains below its 20-day Simple Moving Average (SMA), as per the Bollinger Bands. Its Relative Strength Index (RSI) is below the neutral mark, while the Chaikin Money Flow (CMF) has also declined, further indicating a potential price drop.

为了评估看跌突破的可能性，我们对市场指标进行了分析。根据布林带，狗狗币的价格仍低于 20 天简单移动平均线 (SMA)。其相对强弱指数（RSI）低于中性线，而蔡金资金流（CMF）也有所下降，进一步表明价格可能下跌。

Support Levels

支持级别

Hyblock Capital's data reveals potential support levels for Dogecoin before a bearish breakout to $0.128. Strong supports exist near $0.143 and $0.139. If Dogecoin reverses trend after hitting any of these levels, it may recover to $0.146.

Hyblock Capital 的数据揭示了狗狗币在看跌突破 0.128 美元之前的潜在支撑位。强劲支撑位于 0.143 美元和 0.139 美元附近。如果狗狗币在触及任何这些水平后逆转趋势，它可能会回升至 0.146 美元。

Conclusion

结论

If a bearish breakout occurs below $0.128, Dogecoin could lose much of its March gains. However, if it finds support at any of the identified levels, it may have the potential to regain upward momentum.

如果看跌突破 0.128 美元以下，狗狗币可能会损失 3 月份的大部分涨幅。然而，如果它在任何已确定的水平找到支撑，它可能有可能重新获得上涨动力。