Dogecoin price remains in a technical bear market after falling by 55% from the highest level in November last year. Technicals and derivative market data point to more downside in the coming days.

Dogecoin价格从去年11月的最高水平下降了55％，仍然处于技术熊市。技术和衍生品市场数据指出，在未来几天内有更多的缺点。

Dogecoin (DOGE) price was trading at $0.2200 on Aug. 27 as it continues to underperform popular coins like Ethereum (ETH) and Bitcoin (BTC) that are hovering close to their all-time high. 

Dogecoin（Doge）的价格在8月27日的交易价格为0.2200美元，因为它继续表现不佳的流行硬币，例如以太坊（ETH）和比特币（BTC），它们徘徊在其历史最高水平上。 

Derivatives data point to weak Dogecoin demand

衍生品数据指向狗狗的需求较弱

Dogecoin demand has slumped in the past few weeks. This could be because investors are focusing on Ethereum, Bitcoin, and other top-performing coins. Also, it could be because Dogecoin lacks a clear catalyst to boost its performance.

在过去的几周中，Dogecoin的需求暴跌了。这可能是因为投资者专注于以太坊，比特币和其他表现最佳的硬币。另外，可能是因为Dogecoin缺乏明确的催化剂来提高其性能。

CoinGlass data shows that DOGE’s futures open interest has been dwindling since July. It recently peaked at $5.3 billion on July 22 and has now fallen by almost 40%. 

小酒馆的数据显示，自7月以来，Doge的期货开放兴趣一直在减少。它最近在7月22日达到53亿美元的峰值，现在已经下跌了近40％。 

Futures open interest is an important metric that tracks outstanding futures contracts that are open and not settled or closed. Falling open interest is a sign of low demand and liquidity.

期货开放兴趣是一个重要的指标，它跟踪未开放且未解决或关闭的未偿还期货合约。开放兴趣下降是需求低和流动性的标志。

Another sign of low Dogecoin demand is the current volume in the derivatives market. CoinGlass data show that the volume traded today stood at $4.7 billion, down from last month’s high of $14.5 billion.

Dogecoin需求低的另一个迹象是衍生品市场的目前数量。 Coinglass数据显示，今天交易的数量为47亿美元，低于上个月的145亿美元。

Dogecoin price technical analysis 

Dogecoin价格技术分析 

The three-day time frame chart shows that the DOGE price could be at risk of more downside, potentially to the year-to-date low of $0.1360.

为期三天的时间框架表明，门槛价格可能有更多下跌的风险，可能是从$ 0.1360的年前低点。

Dogecoin price is slowly forming a symmetrical triangle whose two lines are about to converge. The lower line connects the lowest swings since April, while the upper trendline links the highest level in February and August.

Dogecoin价格正在慢慢形成一个对称三角形，其两条线即将融合。下线连接自4月以来的最低秋千，而上潮流线将2月和8月的最高水平连接起来。

This triangle pattern is forming after the coin dropped from the November high of $0.4935, meaning that it is part of a bearish pennant pattern.

这种三角形的图案是在11月的0.4935 $ 0.4935下降后形成的，这意味着它是看跌甲甘集图案的一部分。

Dogecoin is also hovering at the 61.8% Fibonacci retracement level and the 50-day and 100-day exponential moving averages.

Dogecoin也以61.8％的斐波那契回回速度以及50天和100天的指数移动平均值徘徊。

Therefore, the most likely DOGE price forecast is where it crashes to the year-to-date low of $0.1362, which is about 40% below the current level.

因此，最有可能的Doge价格预测是崩溃至201362年$ 0.1362的地方，该低点比当前水平低约40％。

On the other hand, a move above the upper side of the triangle will invalidate the bearish Dogecoin forecast.

另一方面，三角形上侧上方的移动将使看跌狗狗的预测无效。

You might also like: Mastercard expands stablecoin push with Circle partnership

您可能还喜欢：万事达卡扩展与圈子合作伙伴关系的Stablecoin Push