Dogecoin (CRYPTO: DOGE) has been subject to massive outflows from its spot markets since the beginning of April, as the leading meme coin faces mounting selling pressure.

自4月初以来，Dogecoin（Crypto：Doge）自4月初以来一直在其现货市场中大量流出，因为领先的Meme Coin面临着销售压力。

Here's a look at what happened and what could happen next.

以下是发生什么以及接下来可能发生的事情。

What Happened: Since April 5, DOGE has seen a total of $120.48 million in net outflows from its spot markets, according to data from Coinglass. In the same time period, there has been a total of $4.9 million in net inflows.

发生的事情是：根据Coinglass的数据，自4月5日以来，Doge的净流出总计为1.2048亿美元。在同一时期，净流入总计490万美元。

When an asset records spot outflows, it means that more of its coins or tokens are being sold or withdrawn from the spot market than are being bought or deposited.

当资产记录现场流出时，这意味着与购买或存放相比，它更多的硬币或代币正在从现货市场出售或撤回。

This indicates that Dogecoin investors are losing confidence and opting to liquidate their holdings.

这表明Dogecoin投资者正在失去信心，并选择清算其持股。

The persistent outflows from the meme coin over the last two weeks highlight the lack of new capital flowing into the altcoin. If this trend continues, it could keep the coin range-bound or lead to another decline cycle.

在过去的两个星期中，持续的模因硬币流出了，这突显了缺乏流入山寨币的新资本。如果这种趋势持续下去，它可能会使硬币范围界定或导致另一个下降周期。

On the technical front, Dogecoin’s Relative Strength Index (RSI) has continued to trend downward on the daily chart, further confirming the bearish outlook.

在技​​术方面，Dogecoin的相对强度指数（RSI）继续在每日图表上向下趋势，进一步证实了看跌的前景。

At the time of writing, this key momentum indicator, which measures an asset’s oversold and overbought market conditions, is below the 50-neutral line at 47.61.

在撰写本文时，该关键势头指标衡量了资产的超卖市场条件，低于50不良线，为47.61。

When an asset’s RSI falls below the center line, it strengthens bearish momentum. This suggests that Dogecoin selling pressure is beginning to outweigh buying interest, signaling a potential dip in the asset’s price.

当资产的RSI落在中心线以下时，它会增强看跌势头。这表明，Dogecoin的销售压力开始超过购买利息，这表明资产价格的潜在下跌。

What To Watch For: With the crypto market’s volatility heightened by former President Donald Trump’s ongoing trade wars and Dogecoin currently struggling to attract fresh investment, the meme coin may test new lows.

值得关注的是：随着前总统唐纳德·特朗普（Donald Trump）正在进行的贸易战和Dogecoin目前正在努力吸引新投资的动荡而提高了加密市场的波动，模因硬币可能会测试新的低点。

If selling pressure strengthens, Dogecoin could revisit its year-to-date low of $0.12.

如果销售压力加强，Dogecoin可以重新审视其年度低点0.12美元。

Conversely, a resurgence in new demand for the meme coin will invalidate this bearish outlook. In that scenario, Dogecoin’s price could break above $0.17 and climb to $0.20.

相反，对模因硬币的新需求的复兴将使这种看跌前景无效。在这种情况下，Dogecoin的价格可能会超过0.17美元，并攀升至0.20美元。

Dogecoin is currently trading at $0.134.

Dogecoin目前的交易价格为0.134美元。