The cryptocurrency market recently took a hit as bears pushed prices down, leading to a 5.89% drop in the overall market cap. Bitcoin, the top cryptocurrency, saw a sudden fall to $66,000, while Ethereum briefly dropped to $3,319.

加密货币市场近期因空头压低价格而遭受重创，导致整体市值下跌 5.89%。顶级加密货币比特币突然跌至 66,000 美元，而以太坊则短暂跌至 3,319 美元。

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During this time, the entire network saw a total liquidation of $157 million, with $144 million coming from long orders. Even meme coins, known for their wild price swings, weren’t spared. The market cap of meme coins dropped significantly by 10.8%, despite a notable 42% increase in trading volume. Some meme coins experienced double-digit declines during this period.

在此期间，整个网络共清算了 1.57 亿美元，其中 1.44 亿美元来自多头订单。就连以价格剧烈波动而闻名的模因币也未能幸免。尽管交易量显着增加了 42%，但 Meme 币的市值却大幅下降了 10.8%。在此期间，一些模因币经历了两位数的下跌。

Cryptocurrency Price Analysis Amid Market Downturn

Dogecoin (DOGE): Dogecoin experienced a 14% decrease in the last 24 hours, with its current trading price at $0.1866. Despite the drop, trading volume surged by 66%. It hit a seven-day low of $0.1850 and fluctuated between $0.187 to $0.2172 today. Over the past month, Dogecoin surged by 33%. The 9-day Exponential Moving Average (EMA) stands at $0.19537, while the daily Relative Strength Index (RSI) indicates a neutral condition at 54. Analysts suggest a potential rise to $0.228 if bullish momentum continues, while a bearish scenario might lead to a drop to $0.175.

市场低迷期间的加密货币价格分析狗狗币（DOGE）：狗狗币在过去24小时内下跌了14%，当前交易价格为0.1866美元。尽管有所下降，交易量仍猛增 66%。今天触及7天低点0.1850美元，并在0.187美元至0.2172美元之间波动。过去一个月，狗狗币飙升 33%。 9 天指数移动平均线 (EMA) 为 0.19537 美元，而每日相对强弱指数 (RSI) 显示为 54 的中性状况。分析师表示，如果看涨势头持续，则可能上涨至 0.228 美元，而看跌情况可能会导致跌至 0.175 美元。

DOGE Price Chart, Source: TradingView

DOGE 价格图表，来源：TradingView

Pepe: Pepe experienced a 14% decline in the last 24 hours, currently trading at $0.000007217. Despite the downturn, trading volume increased by 7%. It hit a two-week low of $0.00000703, with trading ranging between $0.000007163 to $0.00000828 today. Over the past month, Pepe surged by 77%. The 9-day EMA is at $0.00000787, and the daily RSI indicates a neutral condition at 49. Analysts suggest a potential rise to $0.00000923 if bullish momentum persists, while a bearish scenario might lead to a drop to $0.00000660.

Pepe：Pepe 在过去 24 小时内下跌了 14%，目前交易价格为 0.000007217 美元。尽管经济低迷，交易量仍增长了 7%。今天触及两周低点 0.00000703 美元，交易区间为 0.000007163 美元至 0.00000828 美元。过去一个月，佩佩的股价飙升了77%。 9 日 EMA 为 0.00000787 美元，每日 RSI 显示为 49 的中性状况。分析师表示，如果看涨势头持续，则可能上涨至 0.00000923 美元，而看跌情况可能会导致跌至 0.00000660 美元。

Also Read: Dogecoin Price Surges 20%: Key Factors Behind Recent Jump

另请阅读：狗狗币价格飙升 20%：近期上涨背后的关键因素

PEPE Price Chart, Source: TradingView

PEPE 价格图表，来源：TradingView

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Dogwifhat: Dogwifhat witnessed an 11% decline in the past 24 hours, currently trading at $3.8, with a 4% increase in trading volume. It hit a five-day low of $3.8, fluctuating between $3.81 to $4.48 today. Over the past month, it surged by 229%. The 9-day EMA is $3.93, and the daily RSI is at 56, showing a neutral condition. Analysts suggest a potential rise to $4.81 if bullish momentum continues, while a bearish scenario might lead to a drop to $3.0.

Dogwifhat：Dogwifhat 在过去 24 小时内下跌了 11%，目前交易价格为 3.8 美元，交易量增加了 4%。今日触及5天低点3.8美元，在3.81美元至4.48美元之间波动。过去一个月，该指数飙升了 229%。 9 日均线为 3.93 美元，日线 RSI 为 56，呈中性状况。分析师表示，如果看涨势头持续，则可能上涨至 4.81 美元，而看跌情况可能会导致跌至 3.0 美元。

WIF Price Chart, Source: TradingView

WIF 价格图表，来源：TradingView

The downturn in the crypto market has sparked concerns among investors, prompting close monitoring of the situation for potential shifts in market sentiment and price movements.

加密货币市场的低迷引发了投资者的担忧，促使投资者密切关注市场情绪和价格走势的潜在变化。

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

重要提示：请注意，本文仅旨在提供信息，不应被视为法律、税务、投资、财务或任何其他类型的建议。