Dogecoin (DOGE) has seen volatile price action over the past two trading days, driven by contrasting statements from President Donald Trump.

Dogecoin（Doge）在過去的兩個交易日內看到了波動的價格行動，這是由總統唐納德·特朗普（Donald Trump）的對比陳述所驅動的。

The market’s reaction to Trump’s comments saw memecoin prices move in opposite directions, highlighting the heightened volatility in crypto markets.

市場對特朗普評論的反應表明，Memecoin價格朝著相反的方向轉移，突顯了加密市場的波動性的增長。

Dogecoin price action, March 27 | Source: CoinGecko

Dogecoin Price Action，3月27日|資料來源：Coingecko

At press time, DOGE is trading down 2.4%, now trading below the $0.19 level, according to CoinGecko data.

根據Coingecko數據，發稿時，Doge的交易價格下跌了2.4％，現在的交易價格低於0.19美元。

Why is Dogecoin price down today?

為什麼今天的Dogecoin價格下跌？

On Monday, Trump renewed his support for the official TRUMP meme token, kicking off a rally across the altcoin landscape.

週一，特朗​​普更新了對官方特朗普模因象徵的支持，在替補幣景觀上舉行了集會。

Memecoins like DOGE, PEPE, and SHIB all rose over 5%, pushing the total market capitalization of the memecoin sector above $62 billion by Tuesday.

諸如Doge，Pepe和Shib之類的Memecoins都上漲了5％以上，將Memecoin行業的總市值推向了620億美元以上。

However, the tide turned on Wednesday after Trump announced a 25% tariff on car imports, set to begin on April 2.

然而，在特朗普宣布對汽車進口稅率25％的稅率（將於4月2日開始）之後，潮流扭轉。

According to BBC reports, Elon Musk confirmed that the policy could have a substantial impact on Tesla’s bottom line.

根據英國廣播公司（BBC）的報導，埃隆·馬斯克（Elon Musk）確認，該政策可能會對特斯拉的底線產生重大影響。

This triggered major sell-offs in assets linked to Musk, including Tesla (TSLA) stock, which went down 5% in the 24 hours after the announcement, a 6% rebound when markets opened on Thursday. Given Musk’s well-documented ties to the Dogecoin community, DOGE’s rally quickly lost steam, resulting in a sharp 2.4% drop by Thursday.

這引發了與馬斯克有關的資產的重大拋售，其中包括特斯拉（TSLA）股票，該股票在宣布後的24小時內下跌了5％，當市場在周四開放時，有6％的反彈。鑑於馬斯克與狗狗幣社區有據可查的紐帶，總督的集會很快就失去了動力，到週四，急劇下降了2.4％。

Trump tariffs bring fresh volatility, Dogecoin open interest drops below $2 billion

特朗普關稅帶來新的波動，開放利息下降到20億美元以下

Dogecoin’s 2.4% price decline on Thursday reflects the bearish sentiment surrounding Elon Musk-linked assets as markets process the economic implications of Trump’s proposed tariffs.

Dogecoin週四的價格下降了2.4％，反映了圍繞埃隆·馬斯克（Elon Musk）與埃隆·馬斯克（Elon Musk）有聯繫的資產的看跌情緒，因為市場正在處理特朗普提議的關稅的經濟影響。

A deeper look into Dogecoin’s derivatives data reveals that traders are pulling capital out of the market, indicating heightened caution amid rising volatility.

對Dogecoin的衍生品數據進行了更深入的了解，表明貿易商正在將資本從市場上撤出，這表明在波動率上升的情況下，謹慎提高了。

Dogecoin derivatives markets analysis, March 27 | Source: Coinglass

Dogecoin衍生品市場分析，3月27日|資料來源：小店

According to the latest data from Coinglass, Dogecoin’s open interest has decreased significantly by 9.47% to $1.99 billion, even as its price dipped only 4%.

根據Coinglass的最新數據，Dogecoin的開放興趣顯著下降了9.47％，至19.9億美元，即使其價格僅下降了4％。

This disparity suggests that traders are closing out leveraged positions at a faster pace than the price decline, indicating a lack of confidence in DOGE’s near-term recovery.

這種差異表明，交易者以比價格下跌更快的速度結束槓桿頭寸，這表明對Doge的近期恢復缺乏信心。

When open interest drops noticeably faster than price, it usually signals reduced market participation and speculative interest, making further downside more likely.

當開放利息明顯比價格下降的速度明顯下降時，它通常信號會降低市場參與和投機性興趣，從而更有可能。

Additional bearish signals support this outlook. Overall volume has decreased by 13.82% to $4.59 billion, showing reduced trading activity and liquidity.

其他看跌信號支持這種前景。總體量減少了13.82％，至45.9億美元，顯示出貿易活動和流動性的減少。

Meanwhile, the 24-hour long/short ratio stands at 0.9673, indicating that short sellers are gaining an edge, putting further pressure on prices.

同時，24小時長/短比率為0.9673，這表明賣空者正在獲得優勢，對價格造成了進一步的壓力。

The liquidation data also reveals weak bullish momentum—over the last 12 hours, long traders have faced $1.3 million in liquidations, while shorts have only lost $739,620, showing that long positions are being unwound at a faster rate.

清算數據還顯示出弱的看漲勢頭 - 在過去的12個小時中，長期交易者面臨130萬美元的清算，而短褲僅損失了739,620美元，表明長位置正在以更快的速度解開。

With falling open interest, decreasing volume, and mounting long liquidations, Dogecoin remains vulnerable to further downside unless market conditions stabilize or new bullish catalysts emerge.

隨著開放興趣的下降，數量減少以及長期清算的持續時間，除非市場條件穩定或新的看漲催化劑出現，狗幣仍然容易受到進一步的下跌。