A crypto analyst has explained what is going on with the Dogecoin price, why the decline happened, and where it could be headed next.

一位加密分析师解释了Dogecoin价格的情况，为什么下降发生了什么以及接下来的情况。

Dogecoin Price Experienced A Liquidity Sweep

Dogecoin价格经历了流动性

Crypto analyst Smart Flows, on the TradingView website, pointed out an interesting development on the Dogecoin price chart. This showed a clear delineation for why the meme coin’s price dropped below the $0.2 psychological support level, and it came down to something as clean as a liquidity sweep.

Crypto分析师Smart Flow在TradingView网站上指出了Dogecoin价格图表上一个有趣的发展。这表明了为什么模因硬币的价格下降到0.2美元的心理支持水平，这一明确的描述归结为像流动性一样干净的东西。

The crypto analyst uses the 4-Hour order block on the Dogecoin price chart to explain this, starting just above the $0.22 price level. This saw a liquidity sweep through the Fair Value Gap (FVG) at the 0.5 Fibonacci level, breaking through the $0.2 support.

加密分析师在Dogecoin价格图表上使用4小时订单块来解释这一点，从高于0.22美元的价格水平开始。这使流动性在0.5斐波那契级别横穿公允价值差距（FVG），打破了0.2美元的支持。

This move, Smart Flows explains, was in no way emotional and was more of a ‘mechanical’ move, suggesting it was engineered to happen. The outcome of this liquidity sweep is that there has now been a reset of sentiment surrounding the Dogecoin price, setting the stage for a potential reversal. If this is the case, then Dogecoin may be sitting on the cusp of what could be the next major rally above $0.2.

Smart Flow解释说，这一举动绝不是情感上的，而更像是“机械”的举动，这表明它是经过设计的。这种流动性席卷的结果是，围绕Dogecoin价格的情绪现在已经存在，为潜在的逆转奠定了基础。如果是这种情况，那么Dogecoin可能会坐在下一个高于$ 0.2的下一次重大集会上。

What To Expect Next From Here

接下来要从这里期待什么

According to the crypto analyst, Dogecoin is now sitting in a 4-Hour demand order block zone that is in confluence with the Fair Value Gap (FVG). This makes the $0.20928 level the first “key reaction point,” and the analyst points out two possibilities for the meme coin here: either the price continues to stall or consolidation begins at this level.

根据这位加密分析师的说法，Dogecoin现在正坐在与公允价值差距（FVG）汇合的4小时需求订单区域中。这使得$ 0.20928的水平是第一个“关键反应点”，分析师在这里指出了模因硬币的两种可能性：要么价格继续下降或合并在此级别开始。

Basically, the Dogecoin price has to be able to beat the first major test at $0.209 before moving higher from here. This means it must complete a clean clearance of the FVG to grab liquidity above. After this, the real test begins at $0.22094, where the next major 4-Hour order block sits. The analyst explains that being able to clear the FVG will mean a continuation model is in play.

基本上，Dogecoin的价格必须能够以0.209美元的价格击败第一个主要测试，然后再从这里移动。这意味着它必须完成清除FVG的清除，以获取上方的流动性。在此之后，实际测试起价为0.22094美元，下一个主要的4小时订单块位于其中。分析师解释说，能够清除FVG将意味着持续模型正在发挥作用。

However, there is still the possibility that the Dogecoin price is rejected before it is able to clear the FVG. In this case, it could signal a further downtrend for the altcoin. “If we reject early — that tells me distribution is starting, and I’ll prep for a secondary sweep below 0.18 to retest the deeper 4H OB near 0.16387,” the analyst concluded.

但是，仍然有可能在能够清除FVG之前拒绝Dogecoin的价格。在这种情况下，它可能会给山寨币带来进一步的下降趋势。这位分析师总结说：“如果我们提早拒绝 - 这告诉我分配已经开始，我将准备低于0.18的次要扫描，以重新测试更深的4H OB在0.16387附近。”