Dogecoin (DOGE) faced a strong selling pressure two days ago on October 9. As a result, there were changes in prices and signs reminiscent of June for investors. This situation also reflected the power loss experienced by the bulls and was not considered a positive sign for investors looking to make long-term investments in Dogecoin.

狗狗币（DOGE）在两天前的 10 月 9 日面临强大的抛售压力。因此，价格和迹象的变化让投资者想起了 6 月。这种情况也反映了多头所经历的权力损失，对于寻求长期投资狗狗币的投资者来说，这并不是一个积极的信号。

Due to the volatile market conditions and the war-like atmosphere, a strong bearish sentiment seems to have formed in the market. With this sentiment, a breakthrough can occur in the price support zone. As a result, investors trading on a daily basis may seek opportunities in short positions.

由于市场行情的波动和战争气氛，市场似乎已经形成了强烈的看跌情绪。有了这种情绪，价格支撑区域可能会出现突破。因此，日常交易的投资者可能会寻求空头头寸机会。

How Much is Dogecoin Worth?

狗狗币值多少钱？

The area indicated by the red box points to an important point. This red box indicates the boundaries of the 4-hour bullish order block located in the $0.06 region. The movement in price on Monday resulted in a breakthrough below this zone. As a result, potential price movements regarding the future of DOGE also emerged.

红框所指示的区域指向一个重要点。该红色框表示位于 0.06 美元区域的 4 小时看涨订单块的边界。周一价格走势导致突破该区域。因此，有关 DOGE 未来的潜在价格走势也出现了。

The price rally at the end of September brought a series of Fibonacci retracement levels (pale yellow). This price movement brought along a process in which the price continued from $0.0593 to $0.0642 before the start of the retracement movement.

9月底的价格上涨带来了一系列斐波那契回撤位（浅黄色）。这次价格走势带来了价格从 0.0593 美元持续到回调运动开始前的 0.0642 美元的过程。

As a result, traders can consider short positions after a possible rejection and retest from the resistance zone ahead of the decline. The Relative Strength Index (RSI), closely monitored by investors, also reflected a clear downward momentum. In addition, On-Balance Volume (OBV) was also in a downward trend in October.

因此，交易者可以在可能的拒绝后考虑空头头寸，并在下跌前重新测试阻力区。投资者密切关注的相对强弱指数（RSI）也反映出明显的下行势头。此外，10月份资产负债表量（OBV）也呈下降趋势。

The Future of Dogecoin

狗狗币的未来

Cumulative Volume Delta (CVD) remained in a sideways trend between October 5 and October 9 when price movements occurred. It started to decline after October 9, Monday. This price decline also showed parallelism with Bitcoin‘s (BTC) movement. During the same period, the price of Bitcoin dropped to $27,400.

10 月 5 日至 9 日价格发生变动时，累积成交量 Delta (CVD) 仍处于横盘趋势。 10月9日星期一之后开始下降。此次价格下跌也与比特币（BTC）的走势平行。同一时期，比特币价格跌至 27,400 美元。

The Open Interest (OI) chart also showed a downward trend. Decreases in open interest generally indicate potential declines in futures. Therefore, larger losses in Dogecoin may be seen in the market in the coming days.

未平仓合约（OI）图表也呈现下降趋势。未平仓合约的减少通常表明期货可能下跌。因此，未来几天市场上可能会出现狗狗币更大的损失。

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