Dogecoin (DOGE) price slipped into the hands of sellers again on Sunday, as the meme coin fell by 9.5% in the past 24 hours to trade at $0.215 at press time. The technical outlook suggests that the meme coin may continue with the downtrend.

Dogecoin（Doge）的價格在周日再次滑入賣家手中，過去24小時內模因硬幣下降了9.5％，在發稿時以0.215美元的價格交易。技術前景表明，模因硬幣可能會繼續下降。

The meme coin faced a steeper decline than Bitcoin (BTC) and Ethereum (ETH), which fell by 6.6% and 7.4%, respectively, over the same period.

模因硬幣比比特幣（BTC）和以太坊（ETH）面臨的急劇下降，在同一時期分別下降了6.6％和7.4％。

Dogecoin price is now down by over 50% from its 52-week highs of over $0.70, which the meme coin hit in December 2022. At current price levels, Dogecoin is trading at a price-to-earnings ratio of 16.7, which is relatively high compared to other cryptocurrencies.

Dogecoin的價格現在比其52周高於0.70美元以上的高度下跌了50％以上，Meme Coin在2022年12月達到了。在目前的價格水平下，Dogecoin的價格為16.7，與其他加密貨幣相比相對較高。

Dogecoin price slid further after a report by crypto analytics firm Token Terminal showed that a large portion of the selling pressure was coming from whales.

Crypto Analytics公司代幣終端的報告顯示，Dogecoin Price進一步滑行，表明大部分銷售壓力來自鯨魚。

Whales Dump 170M DOGE As Technical Indicators Flip Bearish

鯨魚垃圾場170m Doge作為技術指標翻轉看跌

According to Token Terminal, the whales, or those holding 10M to 100M DOGE, reduced their holdings from 23.91 billion to 23.74 billion in the past 24 hours. This highlights a sale of more than 170M tokens.

根據Token碼頭的數據，鯨魚或持有100m Doge的鯨魚將其持股量從過去24小時的239.1億塊減少到237.4億。這突出了超過1.7億代幣的銷售。

The report comes after a steep decline in Dogecoin price, which fell to a one-week low on Saturday. The decline follows a surge in selling activity, which saw the meme coin test major support at $0.21.

該報告是在Dogecoin價格急劇下降之後出現的，該價格在周六下降至一周低點。下降是在銷售活動激增之後，Meme Coin測試的主要支持為0.21美元。

At the same time, data from CoinMarketCap shows that DOGE trading volumes have plummeted by over 34%, as traders lose interest in the meme token.

同時，CoinMarketCap的數據表明，隨著交易者對模因令牌失去利息，Doge交易量下降了34％以上。

Derivatives traders also closed out their positions, which contributed to additional sell-side pressure on the meme coin.

衍生品交易員還關閉了他們的職位，這造成了模因硬幣的額外賣方壓力。

At press time, open interest on Dogecoin perpetual futures dropped by 6.9% to $2.58 billion, according to Rekt. Together, these positions highlight a lack of conviction among traders that Dogecoin will recover.

根據Rekt的數據，在發稿時，對Dogecoin永久期貨的開放興趣下降了6.9％，至25.8億美元。這些立場共同指出，交易者缺乏信念，即狗狗幣將康復。

However, as the above data shows, top traders are making bullish bets that the Dogecoin price is going to recover. On Binance, the long/short ratio is at 3.46, showing a long bias.

但是，正如上述數據所示，頂級交易者正在看漲狗狗幣價格將要恢復的賭注。在二元上，長/短比為3.46，顯示出長長的偏見。

But the overall long/short ratio of 0.94 shows more short positions than long positions, which highlights that the broader sentiment is bearish.

但是，整體長/短比為0.94比長位置表現出更短的位置，這強調了更廣泛的情緒是看跌的。

Dogecoin Technical Analysis: Price May Record Correction

Dogecoin技術分析：價格可能會記錄更正

Dogecoin price is facing a steep decline as it fluctuates within a descending parallel channel on the four-hour chart. A breakout from the lower trendline will trigger a decline to $0.17 and wipe out the recent gains that Dogecoin made after Bitcoin broke above $100,000.

Dogecoin的價格正面臨著急劇下降的幅度，因為它在四小時圖表上的下降平行通道內波動。較低趨勢線的突破將導致下降到0.17美元，並消除狗狗幣在比特幣損失超過100,000美元後所取得的收益。

The Chaikin Money Flow indicator further highlights that buying pressure is weakening after a steep decline towards the zero line. If the CMF crosses below the zero line, it will show a drastic rise in selling activity that will catalyze Dogecoin’s downtrend.

Chaikin貨幣流量指標進一步強調，在向零線急劇下降後，購買壓力正在減弱。如果CMF越過零線以下，它將顯示出銷售活動的急劇上升，這將催化Dogecoin的下降。

However, the price fluctuations within the Bollinger bands highlight that Dogecoin might record a correction in the near term. After dropping to the lower Bollinger band and defending this support level, DOGE may bounce back to the midline of the descending channel and ascend back to $0.23.

但是，布林樂隊內部的價格波動強調了Dogecoin可能會在短期內記錄更正。在落到下鮑林樂隊並捍衛此支持水平之後，Doge可能會反彈回到下降頻道的中線，並恢復到0.23美元。

The post Dogecoin Technical Analysis: Can DOGE Price Avert $0.17 Plunge? appeared first on Token Terminal.

Dogecoin郵政技術分析：Doge價格可以避免$ 0.17的投資嗎？首先出現在令牌終端上。

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為了獲得最佳的加密價格，匯率和圖表分析，請訪問Benzinga Money Pro。獲得報酬的加密貨幣存款，正在申請專利的投資組合管理和高級技術分析。