Decline in Shiba Inu and Dogecoin Prices Attributed to Multiple Factors

多重因素导致柴犬和狗狗币价格下跌

The cryptocurrency market has experienced a notable decline in the values of prominent meme coins Shiba Inu (SHIB) and Dogecoin (DOGE). Within the past 24 hours, SHIB has depreciated by 3.72%, reaching a value of $0.000016, while DOGE has witnessed a 2.5% decrease, currently priced at $0.106. Additionally, significant fluctuations have been observed in the trading volumes of both coins. SHIB's volume has dwindled by 3.82% to $286.78 million, while DOGE has experienced a surge in trading volume by 16.41%, reaching $637.79 million.

加密货币市场中著名的 meme 币 Shiba Inu (SHIB) 和 Dogecoin (DOGE) 的价值显着下降。在过去24小时内，SHIB贬值3.72%，达到0.000016美元，而DOGE则下跌2.5%，目前价格为0.106美元。此外，两种代币的交易量都出现了显着波动。 SHIB 的交易量减少了 3.82%，至 2.8678 亿美元，而 DOGE 的交易量激增 16.41%，达到 6.3779 亿美元。

Contributing Factors to Price Decline:

导致价格下跌的因素：

1. Increased Whale Activity in Shiba Inu:
Data suggests a recent surge in trading activity among Shiba Inu whales, raising concerns for smaller investors. Between October 6 and 7, the volume of SHIB transactions involving whales more than doubled, totaling 3.02 trillion SHIB with an approximate value of $52.8 million. This uptick in whale activity, coupled with the overall price decline, indicates that large holders may be driving the sell-offs. As these significant investors liquidate portions of their holdings, the selling pressure exerts a negative influence on market sentiment.

1. 柴犬鲸鱼活动增加：数据显示，最近柴犬鲸鱼的交易活动激增，引起了小投资者的担忧。 10 月 6 日至 7 日期间，涉及鲸鱼的 SHIB 交易量增加了一倍多，达到 3.02 万亿个 SHIB，价值约 5280 万美元。鲸鱼活动的增加，加上整体价格的下跌，表明大型持有者可能正在推动抛售。随着这些重要投资者清算部分持仓，抛售压力对市场情绪产生负面影响。

2. Bearish Technical Trends:
Technical indicators for both Shiba Inu and Dogecoin reflect bearish trends that may have contributed to the price declines. SHIB's daily chart exhibits a symmetrical triangle pattern, indicative of a consolidation phase. While such patterns can resolve in either direction, a breakout from this pattern could trigger substantial price movements. Currently, SHIB's price hovers near the triangle's lower end. If selling pressure intensifies, the coin could revisit support levels at around $0.000015 and $0.000013. For Dogecoin, Elliott Wave analysis suggests a potential retracement before the next upward trend. DOGE is trading below its 200-day moving average, reinforcing the bearish trend. The Wave Oscillator also indicates bearish momentum, suggesting that DOGE's price is unlikely to reverse anytime soon.

2. 看跌技术趋势：柴犬和狗狗币的技术指标都反映了可能导致价格下跌的看跌趋势。 SHIB的日线图呈现对称三角形模式，表明处于盘整阶段。虽然这种模式可以朝任一方向解决，但突破这种模式可能会引发大幅价格波动。目前，SHIB 的价格徘徊在三角形下端附近。如果抛售压力加剧，代币可能会重新回到 0.000015 美元和 0.000013 美元左右的支撑位。对于狗狗币，艾略特波浪分析表明，在下一个上升趋势之前可能会出现回调。 DOGE 的交易价格低于 200 日移动均线，强化了看跌趋势。波浪振荡器也显示看跌势头，表明 DOGE 的价格不太可能很快逆转。

3. Broader Crypto Market Sentiment and Economic Factors:
Market sentiment plays a crucial role in cryptocurrency performance, and recent indicators point to a bearish outlook among investors. Broader economic factors and market fluctuations have impacted SHIB and DOGE. For instance, the recent movement of ETH tied to the PlusToken scam has fueled fears of a potential crypto sell-off, with 7,000 ETH worth $16.7 million already transferred to exchanges. The threat of a $1.3 billion liquidation adds further pressure to the crypto market. Additionally, approximately 52.86% of SHIB holders are currently in profit. As these investors weigh their options, a shift in sentiment could trigger profit-taking behaviors. However, by October's end, Dogecoin price could potentially break out of its bearish pattern, potentially reaching $0.15. Whale accumulation has been on the rise, with wallets holding between 1 million to 10 million DOGE now controlling 10.63 billion DOGE. This robust buying interest suggests confidence in a future upward price movement.

3.更广泛的加密货币市场情绪和经济因素：市场情绪在加密货币表现中起着至关重要的作用，最近的指标表明投资者对前景持悲观态度。更广泛的经济因素和市场波动影响了 SHIB 和 DOGE。例如，最近与 PlusToken 骗局相关的 ETH 走势加剧了人们对潜在加密货币抛售的担忧，价值 1670 万美元的 7,000 个 ETH 已经转移到交易所。 13 亿美元清算的威胁给加密市场带来了进一步的压力。此外，约52.86%的SHIB持有者目前处于盈利状态。当这些投资者权衡他们的选择时，情绪的转变可能会引发获利了结行为。然而，到 10 月底，狗狗币价格可能会突破看跌模式，达到 0.15 美元。鲸鱼积累一直在增加，持有 100 万至 1000 万 DOGE 的钱包目前控制着 106.3 亿 DOGE。这种强劲的购买兴趣表明对未来价格上涨的信心。

Disclaimer: The information provided is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making any investment decisions.

免责声明：所提供的信息仅供参考，并不构成财务建议。投资者在做出任何投资决定之前应进行自己的研究。