Dogecoin Price Drops, but Signs of Reversal Emerge

狗狗币价格下跌，但出现逆转迹象

Dogecoin (DOGE) investors have faced significant challenges recently, with the memecoin experiencing multiple price corrections. Over the past week, DOGE's value has plummeted by over 7%, and in the last 24 hours, it has fallen by more than 4%. At present, DOGE trades at $0.1363 with a market capitalization exceeding $19.7 billion.

狗狗币（DOGE）投资者最近面临着重大挑战，模因币经历了多次价格调整。过去一周，DOGE价值暴跌超过7%，最近24小时内，跌幅超过4%。目前，DOGE交易价格为0.1363美元，市值超过197亿美元。

Due to the downturn, only 77% of DOGE investors remain in profit, according to IntoTheBlock's data. However, crypto analyst KNIGHT $INJ TO 100$ suggests that DOGE is still in its accumulation phase, potentially signaling a period of slow price movement.

IntoTheBlock 的数据显示，由于经济低迷，只有 77% 的 DOGE 投资​​者仍保持盈利。然而，加密货币分析师 KNIGHT $INJ TO 100$ 表明 DOGE 仍处于吸筹阶段，这可能预示着一段时期的价格缓慢波动。

Volatility May Increase Soon

波动性可能很快就会增加

Despite the analyst's prediction of slow-moving days, AMBCrypto's analysis of Santiment's data reveals potential bullish activity. DOGE's funding rate has decreased, which typically indicates an impending rise in prices. Additionally, open interest has also declined, possibly indicating the conclusion of the current downtrend.

尽管分析师预测日子会缓慢移动，但 AMBCrypto 对 Santiment 数据的分析揭示了潜在的看涨活动。 DOGE 的融资利率已经下降，这通常表明价格即将上涨。此外，未平仓合约也有所下降，可能表明当前下跌趋势已经结束。

Dogecoin's MVRV ratio showed a slight improvement on June 15th, suggesting a possible trend reversal. The growing weighted sentiment on the market further supports this optimism, with bullish sentiments outweighing bearish ones.

狗狗币的 MVRV 比率在 6 月 15 日略有改善，表明趋势可能逆转。市场上日益增长的权重情绪进一步支持了这种乐观情绪，看涨情绪超过了看跌情绪。

Technical Indicators Point to Price Hike

技术指标表明价格上涨

Several market indicators provide further positive signs. DOGE's Chaikin Money Flow (CMF) and Relative Strength Index (RSI) have both recorded upticks, hinting at a potential price increase soon. On the other hand, the Money Flow Index (MFI) remains bearish.

一些市场指标提供了进一步的积极迹象。 DOGE 的柴金资金流量 (CMF) 和相对强弱指数 (RSI) 均录得上涨，暗示价格可能很快上涨。另一方面，资金流量指数（MFI）仍然看跌。

Potential Targets

潜在目标

If DOGE turns bullish, it may initially target $0.147 due to potential liquidations. A breakout above this level could lead to $0.15. However, if the downtrend persists, DOGE may drop to its support level of $0.131.

如果 DOGE 转为看涨，由于潜在的清算，其最初目标可能为 0.147 美元。突破该水平可能导致 0.15 美元。然而，如果下跌趋势持续下去，DOGE 可能会跌至 0.131 美元的支撑位。

Conclusion

结论

While Dogecoin's price has experienced a decline, signs of a trend reversal are emerging. Market indicators and analyst sentiment suggest potential bullish activity in the near future. However, investors should remain cautious and monitor the situation closely.

虽然狗狗币的价格经历了下跌，但趋势逆转的迹象正在出现。市场指标和分析师情绪表明近期可能出现看涨活动。不过，投资者应保持谨慎并密切关注事态发展。