Dogecoin (DOGE) has had the worst performance among major cryptocurrencies during the recent market downturn, with its price plummeting by 4.13% as broader market conditions weakened.

在最近的市場下滑期間，Dogecoin（Doge）在主要加密貨幣中的表現最差，由於市場條件較大，其價格下降了4.13％。

All top cryptocurrencies by market cap are in the red after Bitcoin (BTC) failed to sustain the $95,000 support level. At the time of writing, DOGE’s market cap stands at $26.79 billion, showing a 3.93% decrease, while 24-hour trading volume fell by 36.86% to $1.24 billion, according to CoinMarketCap.

在比特幣（BTC）未能維持95,000美元的支持水平之後，所有最高的加密貨幣均為紅色。根據CoinMarketCap的數據，在寫作時，Doge的市值為267.9億美元，顯示3.93％，而24小時交易量下降了36.86％，至12.4億美元。

This marks a setback for Dogecoin, which had seen some optimism from analysts.

這標誌著Dogecoin的挫折，這使分析師有一些樂觀。

Earlier this month, analyst Ali Martinez pointed out Dogecoin’s long-term ascending price range since 2015.

本月早些時候，分析師阿里·馬丁內斯（Ali Martinez）指出了Dogecoin自2015年以來的長期上升價格範圍。

The memecoin is known for forming higher lows, which historically sparked huge rallies—sometimes exceeding 500% increases. However, the worst-case short-term scenario has played out as DOGE failed to sustain its next major support level.

該紀念物以形成更高的低點而聞名，這在歷史上引發了巨大的集會，有時超過500％的增加。但是，最糟糕的短期情景已經表現出來，因為Doge未能維持其下一個主要的支持水平。

At press time, DOGE is down 4.13% in the 24-hour period to $0.1795, erasing gains from a recent 2.46% weekly lift.

發稿時，Doge在24小時內下降了4.13％，至0.1795美元，從最近每週的2​​.46％的舉重中刪除了收益。

Midterm technical outlook shows bulls failed to sustain momentum after last week's candle closure. If the daily candle continues to fall below $0.1577, correction pressure could deepen, pushing DOGE towards the $0.15 support zone.

中期技術前景顯示，公牛在上週關閉蠟燭後無法維持動力。如果每日蠟燭繼續低於$ 0.1577，則矯正壓力可能會加深，將Doge推向0.15美元的支撐區。

Possible DOGE price scenarios

可能的Doge價格場景

However, the Dogecoin community is looking towards potential future catalysts to spark a recovery.

但是，Dogecoin社區正在尋找潛在的未來催化劑，以引發恢復。

Several DOGE-related ETF applications are currently pending approval from the SEC.

目前，與SEC的幾個與Doge相關的ETF申請正在等待批准。

If approved, these ETFs could drastically improve liquidity and investor confidence, potentially setting the stage for a long-term bullish reversal.

如果獲得批准，這些ETF可能會大大提高流動性和投資者的信心，從而有可能為長期看漲的逆轉奠定基礎。

At a higher time frame, Dogecoin is still respecting a long-term ascending channel—but without a strong recovery above $0.17, any positive price moves are seen as temporary relief rallies.

在較高的時間範圍內，Dogecoin仍在尊重一個長期的上升渠道，但沒有強勁的回收率高於0.17美元，任何正價移動都被視為臨時救濟集會。

A 34% drop in trading volume also supports the bearish outlook as the base case scenario for now.

目前，作為基本情況，交易量下降了34％，也支持看跌前景。