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）的价格在周五下降了11％，在十大最大加密货币中，损失最大。 Dogecoin价格的急剧下降与鲸鱼销售活动的重度相吻合，因为这些大型地址在过去两天中售出了6000万个令牌。

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.

根据Coinglass的数据，正在进行的Doge抛售是在更广泛的加密货币市场发生的崩溃之后，在24小时内消失了超过7亿美元。发稿时，Dogecoin的交易价格为0.204美元，这是自5月10日以来的最低水平。

Dogecoin Price Crashes as Bulls Lose Control

当公牛失去控制时，狗狗的价格崩溃

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价格正在崩溃，这导致公牛失去控制。这种销售压力源于发稿时的2100万美元的大门清算。 Dogecoin每CoInMarketCap的交易量中的50％高峰也标志着高销售活动。

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.

在持续下降之后，Dogecoin的合并范围从0.21美元到0.24美元的价格中取得了看跌的突破。这款最高的模因硬币在此范围内一直在此范围内交易近三个星期，因为在后者的资本不确定性从Altcoins转换为比特币之后，后者的不确定性达到了历史最高水平。

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.

最近的价格崩溃还与20天EMA和200天EMA之间的看跌交叉相吻合。这通常标志着趋势从看跌到看涨的趋势以及正在进行的看跌趋势的延续。

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.

红色AO直方图进一步描绘了缩小大小时的短期动量，这表明公牛正在失去控制。自5月10日以来，AO一直在下降，与Dogecoin价格的缓慢但逐渐下降相吻合。

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.

随着看跌技术指标描绘的势头的增长，Dogecoin的下一个支持水平为0.17美元。相反，直接电阻水平位于合并通道的上边界，为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，它将与最近的Coingape分析保持一致，该分析指出，Dogecoin在下一个看涨腿之前需要20％的更正至0.179美元。

Whales Dump 60M DOGE

鲸鱼倾倒6000万门

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.

在过去的两天中，持有1亿至10亿代币之间的大型Dogecoin地址将其持股量从265.5亿美元降低到264.9亿个doge。因此，这些鲸鱼在过去两天内售出了6000万个令牌，相当于目前的Dogecoin价格为1200万美元。

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.

查看过去的数据，Dogecoin鲸鱼在价格崩溃期间和之前倾向于出售，并在价格处于重大集会的边缘时积累。因此，这种销售活动支持了看跌的技术前景，其价格下跌至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.

总而言之，由于更广泛的市场的看跌前景，狗狗的价格崩溃了，这导致了长期清算的激增。鲸鱼还在两天内倾倒了6000万个令牌，如果历史押韵，此活动可能会进一步下降。

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

有关DogeCoin价格在2025年至2030年之间的表现的更详细的预测，请阅读此内容。

Frequently Asked Questions (FAQs)

常见问题（常见问题解答）

1. Why is Dogecoin price dropping today?

1。为什么今天的Dogecoin价格下降？

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的价格由于更广泛的加密货币市场的看跌前景而下降，这导致了清算的激增并带来了卖家。

2. What is the next support level for DOGE?

2。Doge的下一个支持级别是多少？

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的下一个支持水平为0.17美元，这是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。鲸鱼是买还是出售狗狗？

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.

在过去的两天中，大型的狗狗鲸拥有100亿个代币。他们出售了6000万个令牌，将其总持股量减少到264.9亿。