Dogecoin (CRYPTO: DOGE) has been subject to massive outflows from its spot markets since the beginning of April, as the leading meme coin faces mounting selling pressure.

自4月初以來，Dogecoin（Crypto：Doge）自4月初以來一直在其現貨市場中大量流出，因為領先的Meme Coin面臨著銷售壓力。

Here's a look at what happened and what could happen next.

以下是發生什麼以及接下來可能發生的事情。

What Happened: Since April 5, DOGE has seen a total of $120.48 million in net outflows from its spot markets, according to data from Coinglass. In the same time period, there has been a total of $4.9 million in net inflows.

發生的事情是：根據Coinglass的數據，自4月5日以來，Doge的淨流出總計為1.2048億美元。在同一時期，淨流入總計490萬美元。

When an asset records spot outflows, it means that more of its coins or tokens are being sold or withdrawn from the spot market than are being bought or deposited.

當資產記錄現場流出時，這意味著與購買或存放相比，它更多的硬幣或代幣正在從現貨市場出售或撤回。

This indicates that Dogecoin investors are losing confidence and opting to liquidate their holdings.

這表明Dogecoin投資者正在失去信心，並選擇清算其持股。

The persistent outflows from the meme coin over the last two weeks highlight the lack of new capital flowing into the altcoin. If this trend continues, it could keep the coin range-bound or lead to another decline cycle.

在過去的兩個星期中，持續的模因硬幣流出了，這突顯了缺乏流入山寨幣的新資本。如果這種趨勢持續下去，它可能會使硬幣範圍界定或導致另一個下降週期。

On the technical front, Dogecoin’s Relative Strength Index (RSI) has continued to trend downward on the daily chart, further confirming the bearish outlook.

在技​​術方面，Dogecoin的相對強度指數（RSI）繼續在每日圖表上向下趨勢，進一步證實了看跌的前景。

At the time of writing, this key momentum indicator, which measures an asset’s oversold and overbought market conditions, is below the 50-neutral line at 47.61.

在撰寫本文時，該關鍵勢頭指標衡量了資產的超賣市場條件，低於50不良線，為47.61。

When an asset’s RSI falls below the center line, it strengthens bearish momentum. This suggests that Dogecoin selling pressure is beginning to outweigh buying interest, signaling a potential dip in the asset’s price.

當資產的RSI落在中心線以下時，它會增強看跌勢頭。這表明，Dogecoin的銷售壓力開始超過購買利息，這表明資產價格的潛在下跌。

What To Watch For: With the crypto market’s volatility heightened by former President Donald Trump’s ongoing trade wars and Dogecoin currently struggling to attract fresh investment, the meme coin may test new lows.

值得關注的是：隨著前總統唐納德·特朗普（Donald Trump）正在進行的貿易戰和Dogecoin目前正在努力吸引新投資的動盪而提高了加密市場的波動，模因硬幣可能會測試新的低點。

If selling pressure strengthens, Dogecoin could revisit its year-to-date low of $0.12.

如果銷售壓力加強，Dogecoin可以重新審視其年度低點0.12美元。

Conversely, a resurgence in new demand for the meme coin will invalidate this bearish outlook. In that scenario, Dogecoin’s price could break above $0.17 and climb to $0.20.

相反，對模因硬幣的新需求的複興將使這種看跌前景無效。在這種情況下，Dogecoin的價格可能會超過0.17美元，並攀升至0.20美元。

Dogecoin is currently trading at $0.134.

Dogecoin目前的交易價格為0.134美元。