Dogecoin Price Plunges in Market Bloodbath

狗狗币价格在市场大屠杀中暴跌

As Bitcoin plummeted by 11.25%, the cryptocurrency market suffered a collective hemorrhage. Dogecoin, the iconic memecoin, bore the brunt of the impact, tumbling 32% over the last three days. In the past 24 hours alone, Dogecoin's value has nosedived by 20.70%. This volatility presented a prime opportunity for short-traders and investors seeking to accumulate tokens.

随着比特币暴跌11.25%，加密货币市场遭遇集体大出血。标志性模因币狗狗币首当其冲，在过去三天内暴跌 32%。仅在过去 24 小时内，狗狗币的价值就暴跌了 20.70%。这种波动为寻求积累代币的空头交易者和投资者提供了绝佳的机会。

Dogecoin Metrics

狗狗币指标

Data from DeFiLlama reveals a 32.65% decline in Dogecoin's total value locked (TVL) over the past three tumultuous days. On December 17, TVL stood at $8.82 million, while at the time of writing, it had dwindled to $5.94 million. The memecoin also witnessed a near 50% drop in open interest (OI). On December 9, with Dogecoin priced at $0.45, OI reached $4.34 billion. As the price slipped below $0.30, OI plummeted to $2.26 billion.

DeFiLlama 的数据显示，过去三天动荡的日子里，狗狗币的总锁定价值 (TVL) 下降了 32.65%。 12 月 17 日，TVL 为 882 万美元，而在撰写本文时，其已减少至 594 万美元。 Memecoin 的未平仓合约 (OI) 也下降了近 50%。 12 月 9 日，狗狗币价格为 0.45 美元，OI 达到 43.4 亿美元。随着价格跌破 0.30 美元，OI 暴跌至 22.6 亿美元。

Price Analysis

价格分析

Dogecoin currently trades at $0.28, finding some support at $0.27, thanks to the presence of the 100-day moving average (MA). The price has fallen below the 20-day and 50-day MA, while the 200-day MA hovers around $0.17. The Relative Strength Index (RSI) stands at 30.15, indicating that Dogecoin has entered the oversold zone, potentially signaling an accumulation opportunity for whales.

狗狗币目前的交易价格为 0.28 美元，由于 100 日移动平均线 (MA) 的存在，在 0.27 美元处找到了一些支撑。价格已跌破20日和50日均线，而200日均线徘徊在0.17美元附近。相对强弱指数（RSI）为30.15，表明狗狗币已进入超卖区域，可能预示着鲸鱼的吸筹机会。

Trading Momentum

交易动力

Analysis of whale orders and large trade data from Coinglass suggests that Dogecoin remains in a perilous zone. Despite efforts to recover, substantial short positions persist. The red circles in the image below depict large trades, while the red and green lines indicate whale order activity.

对 Coinglass 的鲸鱼订单和大宗贸易数据的分析表明，狗狗币仍处于危险区域。尽管努力恢复，但大量空头头寸仍然存在。下图中的红圈表示大额交易，而红线和绿线表示鲸鱼订单活动。

Future Outlook

未来展望

The cryptocurrency community is acutely aware of Dogecoin's tendency to mirror Bitcoin's price movements. As BTC attempts to stabilize and recoup its value, similar patterns can be observed in Doge. Fresh buying pressure could push the price upward, but the possibility of further declines cannot be ruled out. The broader market downturn triggered by Bitcoin's plunge has impacted Dogecoin. During periods of market uncertainty, caution is advised in leveraged trading. However, these downturns can offer opportunities for dollar-cost averaging.

加密货币社区敏锐地意识到狗狗币反映比特币价格走势的倾向。当 BTC 试图稳定并恢复其价值时，在 Doge 中也可以观察到类似的模式。新的买盘压力可能会推动价格上涨，但不能排除进一步下跌的可能性。比特币暴跌引发的更广泛的市场低迷影响了狗狗币。在市场不确定时期，建议谨慎进行杠杆交易。然而，这些低迷可能为美元成本平均提供了机会。