Dogecoin (DOGE) price declined by 11% on Friday, recording the biggest loss among the top ten largest cryptos by market cap. The steep decline in Dogecoin price coincides with heavy whale selling activity as these large addresses sell 60 million tokens in the last two days.

Dogecoin（Doge）的價格在周五下降了11％，在十大最大加密貨幣中，損失最大。 Dogecoin價格的急劇下降與鯨魚銷售活動的重度相吻合，因為這些大型地址在過去兩天中售出了6000萬個令牌。

The ongoing DOGE selloff follows a crash across the broader crypto market that has wiped out more than $700 million within 24 hours, according to Coinglass data. At press time, Dogecoin trades at $0.204, its lowest level since May 10.

根據Coinglass的數據，正在進行的Doge拋售是在更廣泛的加密貨幣市場發生的崩潰之後，在24小時內消失了超過7億美元。發稿時，Dogecoin的交易價格為0.204美元，這是自5月10日以來的最低水平。

Dogecoin Price Crashes as Bulls Lose Control

當公牛失去控制時，狗狗的價格崩潰

Dogecoin price is crashing amid intense selling that has led to bulls losing control. This selling pressure stems from $21 million in DOGE long liquidations at press time. The 50% spike in Dogecoin’s trading volumes per CoinMarketCap also signals high selling activity.

Dogecoin價格正在崩潰，這導致公牛失去控制。這種銷售壓力源於發稿時的2100萬美元的大門清算。 Dogecoin每CoInMarketCap的交易量中的50％高峰也標誌著高銷售活動。

Following the ongoing decline, Dogecoin has made a bearish breakout from the consolidation range between the $0.21 and $0.24 price. This top meme coin has been trading within this range for nearly three weeks amid market uncertainty following capital rotation from altcoins to Bitcoin after the latter hit an all-time high.

在持續下降之後，Dogecoin的合併範圍從0.21美元到0.24美元的價格中取得了看跌的突破。這款最高的模因硬幣在此範圍內一直在此範圍內交易近三個星期，因為在後者的資本不確定性從Altcoins轉換為比特幣之後，後者的不確定性達到了歷史最高水平。

The recent price crash also coincides with a bearish crossover between the 20-day EMA and the 200-day EMA. This usually signals a trend reversal from bearish to bullish and a continuation of the ongoing bearish trend.

最近的價格崩潰還與20天EMA和200天EMA之間的看跌交叉相吻合。這通常標誌著趨勢從看跌到看漲的趨勢以及正在進行的看跌趨勢的延續。

The red AO histogram bars further depict the weakening short-term momentum as they shrink in size, which is a sign that bulls are losing control. The AO has been dropping since May 10, coinciding with a slow but gradual decline in Dogecoin price.

紅色AO直方圖進一步描繪了縮小大小時的短期動量，這表明公牛正在失去控制。自5月10日以來，AO一直在下降，與Dogecoin價格的緩慢但逐漸下降相吻合。

As the bearish momentum depicted by technical indicators grows, Dogecoin’s next support level lies at $0.17. Conversely, the immediate resistance level lies at the upper boundary of the consolidation channel, which is $0.24.

隨著看跌技術指標描繪的勢頭的增長，Dogecoin的下一個支持水平為0.17美元。相反，直接電阻水平位於合併通道的上邊界，為0.24美元。

If Dogecoin falls to $0.17, it will align with a recent Coingape analysis, which noted that Dogecoin needs a 20% correction to $0.179 before the next bullish leg to $1.

如果Dogecoin跌至0.17美元，它將與最近的Coingape分析保持一致，該分析指出，Dogecoin在下一個看漲腿之前需要20％的更正至0.179美元。

Whales Dump 60M DOGE

鯨魚傾倒6000萬門

In the last two days, large Dogecoin addresses holding between 100 million and 1 billion tokens have reduced their holdings from 26.55 billion to 26.49 billion DOGE. Hence, these whales have sold 60 million tokens in the last two days, equivalent to $12 million at the current Dogecoin price.

在過去的兩天中，持有1億至10億代幣之間的大型Dogecoin地址將其持股量從265.5億美元降低到264.9億個doge。因此，這些鯨魚在過去兩天內售出了6000萬個令牌，相當於目前的Dogecoin價格為1200萬美元。

Looking at past data, Dogecoin whales tend to sell during and before price crashes, and accumulate when the price is on the verge of a major rally. Therefore, this selling activity supports the bearish technical outlook of a price decline to $0.17.

查看過去的數據，Dogecoin鯨魚在價格崩潰期間和之前傾向於出售，並在價格處於重大集會的邊緣時積累。因此，這種銷售活動支持了看跌的技術前景，其價格下跌至0.17美元。

In summary, Dogecoin price is crashing because of the bearish outlook in the broader market, which has caused a surge in long liquidations. Whales have also dumped 60 million tokens within two days, and if history rhymes, this activity may indicate further dips ahead.

總而言之，由於更廣泛的市場的看跌前景，狗狗的價格崩潰了，這導致了長期清算的激增。鯨魚還在兩天內傾倒了6000萬個令牌，如果歷史押韻，此活動可能會進一步下降。

For a more detailed forecast on how Dogecoin price will perform between 2025 and 2030 – Read This.

有關DogeCoin價格在2025年至2030年之間的表現的更詳細的預測，請閱讀此內容。

Frequently Asked Questions (FAQs)

常見問題（常見問題解答）

1. Why is Dogecoin price dropping today?

1。為什麼今天的Dogecoin價格下降？

Dogecoin price is dropping because of the bearish outlook in the broader crypto market, which has caused a surge in liquidations and brought out sellers.

Dogecoin的價格由於更廣泛的加密貨幣市場的看跌前景而下降，這導致了清算的激增並帶來了賣家。

2. What is the next support level for DOGE?

2。 Doge的下一個支持級別是多少？

The next support level for Dogecoin is at $0.17, which is the 0.382 Fibonacci retracement level from the March 2020 low to the August 2021 high.

Dogecoin的下一個支持水平為0.17美元，這是2020年3月至2021年8月高的0.382斐波那契回撤水平。

3. Are whales buying or selling Dogecoin?

3。鯨魚是買還是出售狗狗？

The large Dogecoin whales, holding 100-1 billion tokens, have been selling their holdings in the last two days. They sold 60 million tokens, reducing their total holdings to 26.49 billion.

在過去的兩天中，大型的狗狗鯨擁有100億個代幣。他們出售了6000萬個令牌，將其總持股量減少到264.9億。