Market Update: Dogecoin and Shiba Inu Bearish Price Action

The cryptocurrency market has recently faced significant bearish pressure, leading to a double-digit decline in major tokens. The memecoin sector has been particularly affected, with a 11.48% drop in its valuation. Consequently, Dogecoin (DOGE) and Shiba Inu (SHIB) have both experienced substantial losses, earning them spots among the top decliners.

市场动态：狗狗币和柴犬看跌价格走势加密货币市场最近面临巨大的看跌压力，导致主要代币出现两位数的跌幅。 Memecoin 行业受到的影响尤其严重，估值下跌 11.48%。因此，狗狗币（DOGE）和柴犬（SHIB）都经历了大幅亏损，成为跌幅最大的股票之一。

In light of these market conditions, investors have raised concerns about the wisdom of investing in memecoins and the potential for Dogecoin's recovery. This article aims to provide the latest market sentiment, price analysis, and possible price targets for these tokens.

鉴于这些市场状况，投资者对投资模因币是否明智以及狗狗币复苏的潜力表示担忧。本文旨在提供这些代币的最新市场情绪、价格分析和可能的价格目标。

Dogecoin (DOGE)

DOGE has undergone a significant bearish reversal at its crucial resistance level of $0.3850. This has resulted in a 10.83% drop over 24 hours, with a trading volume of $5.458 billion. Despite this decline, DOGE's market capitalization of over $51 billion has allowed it to retain its 7th position.

狗狗币 (DOGE)DOGE 在 0.3850 美元的关键阻力位经历了显着的看跌逆转。这导致 24 小时内下跌 10.83%，交易量为 54.58 亿美元。尽管出现下滑，但 DOGE 超过 510 亿美元的市值使其保住了第七名的位置。

TradingView: DOGE/USDT

交易视图：DOGE/USDT

The Relative Strength Index (RSI) indicates a sharp decline, with its trendline experiencing negative convergence. However, DOGE's EMA 50-day is acting as support, suggesting a potential for mixed price action.

相对强弱指数（RSI）显示急剧下降，其趋势线出现负收敛。然而，DOGE 的 50 日均线起到了支撑作用，表明价格走势可能会出现好坏参半的情况。

Bullish momentum could lead DOGE to retest its $0.385 resistance level this week. Conversely, continued bearish pressure may push the token towards its $0.325 low.

看涨势头可能导致 DOGE 本周重新测试 0.385 美元的阻力位。相反，持续的看跌压力可能会将代币推向 0.325 美元的低点。

Shiba Inu (SHIB)

SHIB has recorded a correction of approximately 10% over 24 hours, with a trading volume of $814.28 million. Despite a slight rise of 2.86% in the past seven days, SHIB has experienced minimal price movement this year.

Shiba Inu (SHIB)SHIB 在 24 小时内回调了约 10%，交易量为 8.1428 亿美元。尽管过去 7 天小幅上涨 2.86%，但 SHIB 今年的价格变动幅度很小。

TradingView: SHIB/USDT

交易视图：SHIB/USDT

The Moving Average Convergence Divergence (MACD) shows a consistent decrease in its green histogram, along with strong bearish convergence. The SMA indicator also suggests a negative outlook.

移动平均收敛分歧 (MACD) 显示其绿色柱状图持续下降，同时出现强烈的看跌收敛。 SMA 指标也显示出负面前景。

A trend reversal could see SHIB head towards its resistance level of $0.00003080. Conversely, intensified bearish pressure may pull the price towards its low of $0.0000170.

趋势逆转可能会导致 SHIB 走向 0.00003080 美元的阻力位。相反，看跌压力加剧可能会将价格拉向 0.0000170 美元的低点。