Dogecoin (DOGE) price saw a notable selloff over the weekend as large holders sold more than 170 million tokens in 24 hours.

Dogecoin（Doge）價格在周末出現了顯著的拋售，因為大型持有人在24小時內售出了超過1.7億個令牌。

The move saw the price slide from $0.24 to around $0.215. The large holder activity came amid a broader decline in meme coins, with Dogecoin falling nearly 10%.

此舉使價格幻燈片從0.24美元降至0.215美元左右。大型持有人的活動是在模因硬幣較大下降的情況下出現的，狗狗幣下降了近10％。

Dogecoin Price Drops As Whales Dump 170M DOGE

Dogecoin價格下降，鯨魚垃圾場170m Doge

Recent data from Santiment shows that large whale investors significantly reduced their DOGE price holdings.

來自Santiment的最新數據表明，大型鯨魚投資者大大降低了他們的總督價格持有量。

According to the crypto analytics firm, addresses holding between 10 million to 100 million DOGE decreased their supply by about 170 million tokens in a single day.

根據加密分析公司的說法，在一天中，持有1000萬至1億個門檻的地址減少了約1.7億個令牌。

This reduction lowered their total holdings from 23.91 billion to 23.74 billion DOGE. The heavy selling contributed to Dogecoin reaching a one-week low on May 17.

這種減少將他們的總持股量從239.1億美元降低到237.4億托馬。大量銷售導致5月17日的狗狗幣達到一周的低點。

At the same time, trading volume for Dogecoin dropped by more than 34%, according to CoinMarketCap. The drop in volume indicates weakening demand amid the selloff.

根據CoinMarketCap的數據，同時，Dogecoin的交易量下降了34％以上。數量下降表明在拋售中需求削弱。

This combination of whale selling and low trading activity may put a cautious outlook on Dogecoin’s short-term price movements.

鯨魚銷售和較低的交易活動的結合可能會使多黴素的短期價格變動持謹慎態度。

Derivatives Data Flips Bearish as DOGE Traders Post $7M Loss

Doge Traders的衍生品數據翻轉看跌，虧損了700萬美元

The derivatives market for Dogecoin price also posted bearish trends. Data from Rekt reveals that long positions suffered $6.78 million in liquidations over the past 24 hours.

Dogecoin價格的衍生品市場也發布了看跌趨勢。 REKT的數據表明，在過去的24小時內，長位置損失了678萬美元的清算。

Short positions also sustained losses to a smaller extent, with $1.14 million wiped out. Total liquidations over the day amounted to nearly $7 million, primarily affecting leveraged long traders.

短職位也少於較小的損失，耗資114萬美元。當天的總清算量達到近700萬美元，主要影響槓桿的長交易者。

Open interest in Dogecoin futures decreased by 6.9%, settling at $2.58 billion. This drop, equating to over $290 million in closed contracts, suggests diminished trader confidence in a swift recovery.

Dogecoin期貨的開放興趣下降了6.9％，定居於25.8億美元。這種下降相當於超過2.9億美元的封閉合同，這表明交易者對快速恢復的信心減少了。

The overall long-to-short ratio stands at approximately 0.94, indicating slightly more short positions than longs market-wide.

總體長距離比率約為0.94，表明比市場範圍內的較短位置略多。

However, experienced traders are still optimistic. Currently on Binance, long positions have a higher ratio than short positions, for a long-short ratio of 3.26.

但是，經驗豐富的交易者仍然樂觀。目前，長位置的比率高於短職位，長期比率為3.26。

Professional traders' data seems to signal that the price will recover soon. Still, the general bearish trend is offsetting the short-term bullish market trend.

專業交易者的數據似乎表明價格很快就會恢復。儘管如此，普遍的看跌趨勢正在抵消短期看漲市場趨勢。

Dogecoin Technical Analysis As $0.21 Support Holds

Dogecoin技術分析作為$ 0.21支持持有

Technically, Dogecoin’s price has been moving within a descending channel on the four-hour chart. It recently found support near $0.21 and bounced slightly but remains vulnerable. A breakdown below this support level could push prices down to $0.17, reversing recent gains made after Bitcoin’s rise above $100,000.

從技術上講，Dogecoin的價格一直在四小時圖表上的下降頻道中移動。最近，它發現支撐接近0.21美元，並略微彈跳，但仍然脆弱。低於此支持水平的細分可能會將價格降至0.17美元，這顛倒了比特幣上漲超過100,000美元後取得的收益。

After a previous decline, there is now a renewed positive sign as prepared by the CMF, reading +0.11. Increased sales may keep the price from falling. Only if dogecoin moves above $0.24 can the bearish trend be stopped.

在先前下降後，CMF準備的重新啟動符號，讀取+0.11。銷售增加可能會阻止價格下跌。只有當Dogecoin的移動超過$ 0.24時，看跌趨勢才能停止。

However, Dogecoin moved down to the lower band, a brief correction could happen soon, as seen by Bollinger Bands. Should the $0.21 mark hold strong, the price might rebound and try to reach the $0.23 resistance mark. Volume is now almost cut by half, so the price may not move much for the time being.

但是，Dogecoin搬到了較低的樂隊，如Bollinger Bands所看到的那樣，很快就會進行簡短的更正。如果$ 0.21商標的強勁增長，價格可能會反彈，並試圖達到0.23美元的電阻標記。現在的數量幾乎減少了一半，因此暫時價格可能不會太多。

Liquidation Trends and Market Volatility

清算趨勢和市場波動

Dogecoin price futures liquidations in the last month indicate the market is very volatile. During mid-May, forced liquidations as a result of price drops were at least $14 million within 12 hours. When the price reaches $0.25 to $0.30 and then sharply falls, leveraged long traders are often affected.

上個月，Dogecoin價格期貨清算表明該市場非常波動。在5月中旬，由於價格下跌，強迫清算在12小時內至少為1400萬美元。當價格達到0.25美元至0.30美元，然後大幅下降時，槓桿率的長交易者經常受到影響。

On the other hand, short liquidations occur when the price rallies unexpectedly. Spikes in short liquidations happened in late April and early May, reaching $7 million to $14 million during brief price recoveries. This pattern shows how leveraged positions on both sides face forced exits during volatile swings.

另一方面，當價格出乎意料地集會時，會出現短暫的清算。短暫清算中的峰值發生在4月下旬和5月初，在短暫的價格回收率中達到了700萬至1400萬美元。該模式顯示了兩側的槓杆位置如何在揮發性波動過程中面對強迫出口。

Dogecoin’s price has gone from near $0.05 to around $0.30 in the last month. The higher the volatility, the greater the volume of liquidation. A quick drop results in extended liquidations, while a strong rise instigates quick liquidations. As a result of this pull between traders, the price of the token keeps fluctuating. At the time of writing DOGE was at $0.2241.

Dogecoin的價格已從上個月的$ 0.05到0.30美元左右。波動率越高，清算體積越大。快速下降會導致延長的清算，而強大的上升促進了快速清算。由於交易者之間的這種吸引力，令牌的價格不斷波動。在寫作時，總督為0.2241美元。