Dogecoin’s open interest (OI) has plummeted to $1.42 billion, a stark contrast to its April peak of $12 billion. This sustained drop in OI, particularly during DOGE’s recent price decline to $0.32, is evident in traders unwinding positions amid reduced optimism. Usually, a sustained decrease in OI, especially during a price downturn, can indicate that traders are unwinding positions due to a lack of short-term optimism.

Dogecoin的開放興趣（OI）跌至14.2億美元，與4月份的120億美元峰形成鮮明對比。 OI的這種持續下降，尤其是在Doge最近的價格下跌至0.32美元的過程中，在貿易商中，由於樂觀態度降低了。通常，OI的持續下降，尤其是在價格下降期間，可能表明由於缺乏短期樂觀，交易者正在放鬆職位。

However, this bearish trend in OI often indicates waning confidence in short-term price recovery.

但是，OI中的這種看跌趨勢通常表明對短期價格恢復的信心減弱。

This view is further supported by the fact that the modified net difficulty indicator (MDIA) for Dogecoin has risen to 335 days, signaling that Dogecoin holders are increasingly opting to hold rather than trade their assets.

這一觀點得到了以下事實的支持：Dogecoin的修改後的淨難度指標（MDIA）已上升至335天，這表明Dogecoin持有者越來越選擇持有而不是交易其資產。

MDIA, which tracks the average age of coins on a blockchain weighted by purchase price, provides insights into the behavior of different cohorts of token holders. A sustained increase in MDIA usually indicates that long-term holders are not actively trading or reallocating their assets, leading to a decrease in liquidity and demand—a bearish implication.

MDIA跟踪由購買價格加權的區塊鏈上硬幣的平均年齡，可提供對不同代幣持有人的行為的見解。 MDIA的持續增加通常表明，長期持有人沒有積極交易或重新分配其資產，從而導致流動性和需求減少，這是看跌的含義。

Moreover, a rapid rise in MDIA can point to a lack of fresh capital or speculative activity, which aligns with Dogecoin's recent price declines and supports the narrative of cautious sentiment dominating the short-term outlook for DOGE.

此外，MDIA的迅速上升可能表明缺乏新的資本或投機活動，這與Dogecoin最近的價格下降相一致，並支持謹慎的情緒的敘事，占主導地位的Doge短期前景。

On the daily chart, Dogecoin is struggling to reclaim critical support levels following its recent downturn. The price has dropped below the $0.35 threshold, which previously acted as a significant support level, suggesting that bearish momentum continues to dominate.

在每日圖表上，Dogecoin在最近的經濟下滑後正在努力地獲得關鍵的支持水平。價格已降至0.35美元的門檻以前是一個顯著的支持水平，這表明看跌動量繼續占主導地位。

The MACD indicator, a measure of trends in price and momentum, confirms this bearish outlook. At press time, the MACD line is positioned in negative territory, reflecting downward momentum. The histogram, which gauges the strength of the MACD line, shows fading bearish pressure. However, until a clear bullish crossover occurs, recovery prospects appear bleak.

MACD指標是價格和勢頭趨勢的度量，證實了這種看跌的前景。發稿時，MACD線位於負區域，反映了向下的動量。測量MACD線的強度的直方圖顯示出看跌壓力。但是，直到發生明顯的看漲跨界，恢復前景才顯得黯淡。