Dogecoin Price Down 21%: Why Did DOGE Crash To 28 Cents?
Dogecoin Price Down 21%: Why Did DOGE Crash To 28 Cents?
Kevin explained that on the weekly timeframe, Dogecoin appears to be undergoing a typical bull market pullback, following an earlier golden cross (a bullish technical indicator) that lacked an initial correction.Dogecoin's (CRYPTO: DOGE) sharp 21% decline has raised alarms among traders and investors, as it struggles to maintain key support levels critical to preventing a further downturn.
狗狗幣（加密貨幣：DOGE）急劇下跌21%引起了交易者和投資者的警覺，因爲它在努力保持關鍵的壓力位，以防止進一步的下跌。
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin (CRYPTO: DOGE) | $0.2867 | $42.2 billion | -21.2% | -29.3% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001987 | $11.7 billion | -17.9% | -29% |
| Pepe (CRYPTO: PEPE) | $0.00001987 | $6.5 billion | -19.7% | -34.5% |
| 數字貨幣 | 價格 | 市值 | 24小時趨勢 | 7天趨勢 |
| 狗狗幣 (數字貨幣: DOGE) | $0.2867 | $422億 | -21.2% | -29.3% |
| 柴犬幣 (CRYPTO: SHIB) | $0.00001987 | $117億 | -17.9% | -29% |
| Pepe (數字貨幣: PEPE) | $0.00001987 | $65億 | -19.7% | -34.5% |
Trader Notes: Crypto trader Kevin recalled his controversial Nov. 13 prediction that Dogecoin would drop to $0.26–$0.28, which has now come true.
交易員筆記：加密貨幣交易員凱文回憶起他在11月13日做出的有爭議的預測，稱狗狗幣將跌至$0.26–$0.28，這一預測現在已經實現。
Despite criticism, Kevin maintains his view that DOGE will eventually rebound from these levels to target new all-time highs, though not without enduring a significant correction first.
儘管受到批評，凱文仍然堅持他的觀點，即DOGE最終會從這些水平反彈，目標是新的所有板塊高峰，儘管在此之前必須經歷一次重大調整。
Kevin explained that on the weekly timeframe, Dogecoin appears to be undergoing a typical bull market pullback, following an earlier golden cross (a bullish technical indicator) that lacked an initial correction.
凱文解釋說，在每週時間框架上，狗狗幣似乎正在經歷一次典型的牛市回調，此前發生了一個黃金交叉（看好的技術指標），但沒有進行初始修正。
He noted Dogecoin's history of enduring multiple 50% corrections during prior cycles.
他提到了狗狗幣在之前週期中經歷過多次50%的回調歷史。
A 45% pullback to macro support within the golden pocket could align with past trends and indicate a continuation of the uptrend.
在黃金分割區間內下跌45%至宏觀壓力位可能與過去趨勢一致，並暗示上漲趨勢的延續。
However, Kevin emphasized that if DOGE closes below $0.26 on the weekly chart, it could signal serious structural issues in the market. Until then, the current decline is being viewed as a normal bull-market retracement
然而，凱文強調，如果DOGE在周線圖上收盤低於0.26美元，可能會暗示市場存在嚴重的結構性問題。在此之前，目前的下跌被視爲一個正常的牛市回調。
Statistics: Coinglass data shows total liquidations in the past 24 hours stand at $85.7 million with a majority of $71.6 million being long liquidations.
統計：Coinglass數據顯示，過去24小時的總清算金額爲8570萬，絕大部分爲7160萬的開多清算。
DOGE derivatives trading saw a 75% spike in volume, while open interest dropped 33.3%, indicating waning investor interest in the meme coin.
DOGE衍生品交易的成交量激增75%，而未平倉合約下降33.3%，表明投資者對這款迷因幣的興趣減弱。
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Image: Shutterstock
圖片：Shutterstock
譯文內容由第三人軟體翻譯。
