Dogecoin and Shiba Inu Prices Plummet, but Market Indicators Hint at Recovery

狗狗币和柴犬价格暴跌，但市场指标暗示复苏

Last week, the crypto market witnessed significant turbulence, with top memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) facing severe drawbacks.

上周，加密货币市场出现严重动荡，狗狗币（DOGE）和柴犬（SHIB）等顶级模因币面临严重缺陷。

Double-Digit Price Declines

价格两位数下跌

Data from CoinMarketCap revealed sharp price drops for both DOGE and SHIB. DOGE fell by over 13%, while SHIB plummeted by more than 14%. At the time of writing, DOGE traded at $0.1246, and SHIB stood at $0.00001857.

CoinMarketCap 的数据显示 DOGE 和 SHIB 的价格均大幅下跌。 DOGE下跌超过13%，SHIB暴跌超过14%。截至撰写本文时，DOGE 的交易价格为 0.1246 美元，SHIB 的交易价格为 0.00001857 美元。

Declining Dominance

主导地位下降

The price corrections also impacted the dominance of these memecoins. Popular crypto analyst Ki Young Ju highlighted a drop in memecoin dominance over the past few months.

价格调整也影响了这些模因币的主导地位。受欢迎的加密货币分析师 Ki Young Ju 强调了过去几个月 memecoin 的主导地位有所下降。

Improved Sentiment and Social Volume

改善情绪和社交量

Despite the price drops, weighted sentiment for both DOGE and SHIB improved, indicating a decline in bearish sentiment. Additionally, social volume spiked, suggesting increased discussion around the coins.

尽管价格下跌，但 DOGE 和 SHIB 的加权情绪均有所改善，表明看跌情绪有所下降。此外，社交量激增，表明围绕代币的讨论有所增加。

Technical Analysis

技术分析

Dogecoin (DOGE)

狗狗币 (DOGE)

• DOGE's Relative Strength Index (RSI) uptick suggests a trend reversal.
• The MACD indicates a bearish advantage.
• Bulls may propel DOGE to reclaim $0.14, while bears could push it down to $0.117.

Shiba Inu (SHIB)

DOGE 的相对强度指数 (RSI) 上升表明趋势反转。MACD 表明看跌优势。多头可能推动 DOGE 收复 0.14 美元，而空头可能将其压低至 0.117 美元。 Shiba Inu (SHIB)

• SHIB's NVT ratio uptick suggests overvaluation and potential for further price drops.
• Price touched the lower Bollinger Band, indicating a possible reversal.
• Upticks in Money Flow Index (MFI) and RSI also suggest a trend reversal possibility.

SHIB的NVT比率上升表明估值过高以及价格进一步下跌的可能性。价格触及布林线下轨，表明可能出现逆转。资金流量指数（MFI）和RSI的上升也表明趋势可能逆转。