Dogecoin's (CRYPTO: DOGE) open interest has continued to decline, sparking a bearish outlook for the foremost meme coin.

Dogecoin（加密：Doge）開放興趣繼續下降，引發了最重要的模因硬幣的看跌前景。

What Happened: Based on historical data, the DOGE price is at risk of suffering a further crash thanks to the drop in its open interest.

發生的事情：根據歷史數據，由於其開放興趣下降，Doge價格有可能進一步崩潰。

Dogecoin's open interest has slid below the levels recorded in December 2024, when DOGE began to decline from its local high of around $0.46.

Dogecoin的開放興趣滑落到2024年12月記錄的水平以下，當時Doge開始從其當地高點下降到0.46美元左右。

According to Coinglass data, the open interest is currently at $1.57 billion, way below its January 18 peak of $5.42 billion.

根據Coinglass Data的數據，開放興趣目前為15.7億美元，低於其1月18日的峰值54.2億美元。

The slide in Dogecoin's open interest indicates that traders are currently on the sidelines and opting against trading or investing in the meme coin, which could further cause the DOGE price to crash.

Dogecoin開放興趣的幻燈片表明，交易者目前處於場外，選擇反對對模因硬幣進行交易或投資，這可能會進一步導致Doge價格崩潰。

One factor that could cause traders to become more interested in Dogecoin is Donald Trump's threat to impose reciprocal tariffs on goods from China, which could threaten to cause a global meltdown.

唐納德·特朗普（Donald Trump）威脅要對中國的商品徵收互惠關稅的威脅，這可能會導致全球崩潰。

Thanks to this macro development, the DOGE price has already dropped from its weekly high of around $0.20 and is even at risk of entering bear market territory.

由於這一宏觀開發，總督價格已經從每週的高點降低了0.20美元，甚至有進入熊市領土的風險。

Crypto analyst Ali Martinez8684 on X (formerly Twitter) warned that Dogecoin was at a make-or-break level.

加密分析師Ali Martinez8684在X（以前是Twitter）上警告說，Dogecoin處於製造或破壞水平。

If the DOGE price manages to stay above the $0.16 pivot point, then it could rally to $0.57, reaching the 1.272 Fibonacci extension level. However, if it fails to hold the $0.16 support level, then a drop to as low as $0.06 could occur, reaching the 2.618 Fibonacci extension level.

如果總督價格設法超過了0.16美元的樞軸點，則可能會升至0.57美元，達到1.272斐波那契的擴展水平。但是，如果它無法持有0.16美元的支持水平，則可能會出現低至0.06美元的低點，達到2.618斐波那契擴展水平。

Crypto analyst Master Kenobi also indicated that a decline below $0.14 could mark the end of DOGE's bull run.

加密分析師Kenobi大師還表示，低於$ 0.14的下降可能標誌著Doge Bull Run的終結。

Dogecoin Price Movement: The DOGE price is down by 1.96% over the past 24 hours, trading at $0.15818 at press time, according to Benzinga Pro.

Dogecoin價格變動：在過去的24小時內，Doge價格下跌1.96％，發稿時的交易價格為0.15818美元。

Related Reading: How To Buy Dogecoin (DOGE)

相關閱讀：如何購買Dogecoin（Doge）