• Dogecoin’s long liquidations totalled $16 million on 12 April
• Bearish sentiments continue to trail the memecoin

Dogecoin’s [DOGE] long liquidations climbed to a 30-day high over the last 24 hours, according to Coinglass. This, on the back of the larger market falling following Bitcoin’s own price depreciation on the charts. In fact, the entire cryptocurrency market saw trade positions worth over $860 million being liquidated among 270,993 traders. 

4 月 12 日，狗狗币的多头清算总额为 1600 万美元。根据 Coinglass 的数据，看跌情绪继续追随 memecoin。狗狗币的 [DOGE] 多头清算在过去 24 小时内攀升至 30 天高点。这是在比特币本身价格在图表上贬值后，更大的市场下跌的背景下发生的。事实上，整个加密货币市场有 270,993 名交易者价值超过 8.6 亿美元的交易头寸被清算。

On-chain data revealed that DOGE’s long liquidations totalled $16 million. The last time the crypto recorded such a high volume in long liquidations in its Futures market was on 6 March.

链上数据显示，DOGE 的多头清算总额为 1600 万美元。该加密货币上次在其期货市场上记录如此高的多头清算量是在 3 月 6 日。

Source: Coinglass

来源：Coinglass

Liquidations occur in an asset’s Futures market when a trader’s position is forcefully closed due to insufficient funds to maintain the position. Long liquidations occur when there is an unexpected decline in an asset’s price, causing traders who have open positions in favor of a price rally to be forced to exit their positions. 

当交易者的头寸由于资金不足以维持头寸而被强制平仓时，资产的期货市场就会发生清算。当资产价格意外下跌时，就会发生多头清算，导致持有有利于价格上涨的未平仓头寸的交易者被迫平仓。

In comparison, on the day in question, DOGE short liquidations totalled $3.08 million, as per Coinglass data. 

相比之下，根据 Coinglass 的数据，当天 DOGE 空头清算总额为 308 万美元。

Brace for further value decline

Extending its 6% weekly losses, DOGE’s price has plummeted by 13% in the last 24 hours, according to CoinMarketCap. At press time, the leading memecoin was valued at $0.1721 on the charts. 

为价值进一步下跌做好准备 根据 CoinMarketCap 的数据，DOGE 的价格在过去 24 小时内暴跌 13%，延续了每周 6% 的跌幅。截至发稿时，图表上领先的 memecoin 估值为 0.1721 美元。

An assessment of the altcoin’s price movements on the 1-day chart showed that it might shed more gains this weekend. Key momentum indicators observed revealed a steady decline in demand for DOGE.

对山寨币价格走势的 1 日图表评估显示，本周末它可能会进一步上涨。观察到的关键动量指标显示对 DOGE 的需求稳步下降。

For instance, the values of its Relative Strength Index (RSI) and Money Flow Index (MFI) were 46.85 and 46.53, respectively. These indicators indicated a decline in demand for the altcoin among market participants and a spike in coin sell-offs. 

例如，其相对强度指数（RSI）和资金流量指数（MFI）的值分别为46.85和46.53。这些指标表明市场参与者对山寨币的需求下降，而代币抛售激增。

Realistic or not, here’s DOGE’s market cap in BTC’s terms

无论现实与否，以下是 DOGE 以 BTC 计算的市值

Furthermore, readings from the coin’s Directional Movement Index (DMI) showed that its positive directional index (green) fell below its negative index (red) on 12 April. When these lines trend this way, it suggests a shift from bullish momentum to bearish. It signals the re-emergence of bears and an uptick in profit-taking activity. 

此外，代币方向运动指数 (DMI) 的读数显示，其正向指数（绿色）于 4 月 12 日跌破负向指数（红色）。当这些线呈这种趋势时，表明从看涨势头转向看跌势头。它标志着空头重新出现以及获利了结活动的增加。

Finally, DOGE’s MACD line rested above its Signal line at press time and confirmed this. This also indicated that DOGE’s short-term moving average was higher relative to its long-term moving average.

最后，截至发稿时，DOGE 的 MACD 线位于信号线上方并证实了这一点。这也表明 DOGE 的短期移动平均线相对于其长期移动平均线较高。

Source: TradingView

来源：TradingView

When these lines are arranged in this manner, it is seen as a sign to intensify coin sell-offs. Ergo, it’s going to be a tricky time being a Dogecoin holder. 

当这些线以这种方式排列时，它被视为加剧代币抛售的迹象。因此，作为狗狗币持有者将是一段艰难的时期。

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