當市場專家警告更多損失時

潛在的下降源於Doge在市場價值與已實現價值（MVRV）比率與其30天簡單移動平均值（SMA）之間經歷的看跌交叉的技術形式。

Dogecoin (CRYPTO: DOGE) is facing another round of bearish pressure, aligning with the general cryptocurrency narrative, with a trading expert warning of more losses for the top meme coin.

Dogecoin（Crypto：Doge）正面臨另一輪的看跌壓力，與一般的加密貨幣敘事保持一致，並在交易專家警告中警告了頂級模因硬幣的更多損失。

The potential drop stems from a technical formation where DOGE is experiencing a bearish crossover between the Market Value to Realized Value (MVRV) Ratio and its 30-day Simple Moving Average (SMA). Historically, this has signaled downward pressure, according to prominent trading expert Ali Martinez in an X post on February 2.

潛在的下降源於Doge在市場價值與已實現價值（MVRV）比率與其30天簡單移動平均值（SMA）之間經歷的看跌交叉的技術形式。據知名的貿易專家阿里·馬丁內斯（Ali Martinez）在2月2日的X帖子中說，這已經標誌著向下壓力。

The MVRV Ratio is a key metric to assess whether an asset is overvalued or undervalued relative to its realized price. When the ratio crosses below its 30-day SMA, it often suggests that holders are entering a period of profit-taking, leading to increased selling pressure.

MVRV比率是評估資產相對於其實現價格被高估還是被低估的關鍵指標。當比率越過30天的SMA時，通常表明持有人進入了一段盈利期，從而導致銷售壓力增加。

“DOGE just experienced a bearish crossover between the MVRV Ratio and its 30-day SMA, signaling a steep price correction ahead,” Martinez stated.

馬丁內斯說：“ Doge只是在MVRV比率和30天的SMA之間經歷了看跌的交叉，這表明了前方的陡峭價格校正。”

Initially, in another X post on February 1, Martinez suggested that Dogecoin would likely drop to $0.20, observing that it followed a similar pattern to Pepe (PEPE). Based on the four-hour chart, Dogecoin appeared to mirror PEPE’s recent price drop.

最初，在2月1日的另一篇X帖子中，馬丁內斯建議Dogecoin可能會降至0.20美元，觀察到它遵循與Pepe（Pepe）類似的模式。根據四小時的圖表，Dogecoin似乎鏡子佩佩最近的價格下跌。

At the time, Martinez emphasized that the $0.31 support level was crucial to avoid further declines. If this support fails, historical price action indicates that DOGE could see a deeper correction toward $0.20, aligning with PEPE’s recent trajectory.

當時，馬丁內斯強調，0.31美元的支持水平對於避免進一步下降至關重要。如果這種支持失敗，歷史上的價格行動表明，Doge可以看到更深入的校正，與Pepe最近的軌跡保持一致。

Dogecoin’s potential recovery path

Dogecoin的潛在恢復道路

Meanwhile, pseudonymous trading analyst Trader Tardigrade suggested that Dogecoin’s downturn might not last long.

同時，化名交易分析師Trader Tardigrade建議Dogecoin的衰退可能不會持續很長時間。

According to the expert, DOGE might be preparing for a bullish turnaround, as the meme cryptocurrency shows a bullish divergence on its daily Relative Strength Index (RSI).

根據專家的說法，Doge可能正在為看漲的周轉做準備，因為Meme加密貨幣表明對其日常相對強度指數（RSI）的看漲差異。

Despite DOGE forming a new lower low in price action, the RSI indicator is printing a higher low, signaling that downside momentum is weakening and a potential trend reversal could be on the horizon.

儘管Doge構成了新的低價行動，但RSI指標仍在打印較高的低點，這表明下行動量正在削弱，並且潛在的趨勢逆轉可能會出現。

Historically, such divergences often precede an upward move as selling pressure subsides and buyers step in. As reported by Finbold, Trader Tardigrade initially stated that DOGE has the potential to spike by about 3,000%, given historical setups.

從歷史上看，這種分歧通常是在向上移動之前的，因為賣壓力減輕和買家介入。正如Finbold所報導的那樣，Trader Tardigrade最初表示，鑑於歷史設置，Doge有可能飆升約3,000％。

In general, Dogecoin is experiencing significant capital outflows as cryptocurrency markets continue to be impacted by uncertainties stemming from the DeepSeek sell-off. Additionally, there is uncertainty in the market following President Donald Trump’s announcement of a 25% tariff imposition on goods from Canada and Mexico. The drop in DOGE has largely been led by Bitcoin, which lost its $100,000 support level.

總的來說，隨著加密貨幣市場繼續受到DeepSeek拋售的不確定性的影響，Dogecoin正在經歷大量資本流出。此外，在唐納德·特朗普總統宣布對加拿大和墨西哥的商品徵收25％的關稅徵收後，市場存在不確定性。 Doge的下降主要由比特幣領導，該比特幣失去了100,000美元的支持水平。

Indeed, Dogecoin has also failed to react to bullish news surrounding the token. Specifically, there was anticipation of a DOGE rally following Grayscale’s launch of a Dogecoin Trust, which has increased institutional interest in the coin.

確實，狗狗幣也未能對圍繞代幣的看漲新聞做出反應。具體而言，在Grayscale推出Dogecoin Trust之後，人們期待著一場Doge Rally，這增加了硬幣的機構興趣。

The potential influx of institutional capital from such an investment product is vital in helping the meme coin move toward the $1 mark.

從這種投資產品中，機構資本的潛在湧入對於幫助Meme硬幣朝著1美元的成績轉移至關重要。

DOGE price analysis

DOGE價格分析

As of press time, DOGE was trading at $0.30, having plunged by over 8% in the last 24 hours, while on the weekly chart, the token is down 10%.

截至發稿時，Doge的交易價格為0.30美元，在過去的24小時內跌幅超過8％，而在每週圖表上，令牌下跌了10％。

As things stand, Dogecoin investors should anticipate further downward momentum, considering the asset’s technical setup for the short term remains bearish. For instance, the price is below the 50-day SMA ($0.3513) but remains above the 200-day SMA ($0.2247), indicating long-term support.

考慮到事物的立場，考慮到該資產在短期內的技術設置仍然是看跌的，Dogecoin投資者應該期望進一步的下降勢頭。例如，價格低於50天SMA（$ 0.3513），但仍高於200天SMA（0.2247美元），表明長期支持。