当市场专家警告更多损失时

潜在的下降源于Doge在市场价值与已实现价值（MVRV）比率与其30天简单移动平均值（SMA）之间经历的看跌交叉的技术形式。

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）正面临另一轮的看跌压力，与一般的加密货币叙事保持一致，并在交易专家警告中警告了顶级模因硬币的更多损失。

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.

潜在的下降源于Doge在市场价值与已实现价值（MVRV）比率与其30天简单移动平均值（SMA）之间经历的看跌交叉的技术形式。据知名的贸易专家阿里·马丁内斯（Ali Martinez）在2月2日的X帖子中说，这已经标志着向下压力。

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比率是评估资产相对于其实现价格被高估还是被低估的关键指标。当比率越过30天的SMA时，通常表明持有人进入了一段盈利期，从而导致销售压力增加。

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

马丁内斯说：“ Doge只是在MVRV比率和30天的SMA之间经历了看跌的交叉，这表明了前方的陡峭价格校正。”

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，马丁内斯建议Dogecoin可能会降至0.20美元，观察到它遵循与Pepe（Pepe）类似的模式。根据四小时的图表，Dogecoin似乎镜子佩佩最近的价格下跌。

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.

当时，马丁内斯强调，0.31美元的支持水平对于避免进一步下降至关重要。如果这种支持失败，历史上的价格行动表明，Doge可以看到更深入的校正，与Pepe最近的轨迹保持一致。

Dogecoin’s potential recovery path

Dogecoin的潜在恢复道路

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

同时，化名交易分析师Trader Tardigrade建议Dogecoin的衰退可能不会持续很长时间。

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).

根据专家的说法，Doge可能正在为看涨的周转做准备，因为Meme加密货币表明对其日常相对强度指数（RSI）的看涨差异。

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.

尽管Doge构成了新的低价行动，但RSI指标仍在打印较高的低点，这表明下行动量正在削弱，并且潜在的趋势逆转可能会出现。

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.

从历史上看，这种分歧通常是在向上移动之前的，因为卖压力减轻和买家介入。正如Finbold所报道的那样，Trader Tardigrade最初表示，鉴于历史设置，Doge有可能飙升约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.

总的来说，随着加密货币市场继续受到DeepSeek抛售的不确定性的影响，Dogecoin正在经历大量资本流出。此外，在唐纳德·特朗普总统宣布对加拿大和墨西哥的商品征收25％的关税征收后，市场存在不确定性。 Doge的下降主要由比特币领导，该比特币失去了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.

确实，狗狗币也未能对围绕代币的看涨新闻做出反应。具体而言，在Grayscale推出Dogecoin Trust之后，人们期待着一场Doge Rally，这增加了硬币的机构兴趣。

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

从这种投资产品中，机构资本的潜在涌入对于帮助Meme硬币朝着1美元的成绩转移至关重要。

DOGE price analysis

DOGE价格分析

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%.

截至发稿时，Doge的交易价格为0.30美元，在过去的24小时内跌幅超过8％，而在每周图表上，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.

考虑到事物的立场，考虑到该资产在短期内的技术设置仍然是看跌的，Dogecoin投资者应该期望进一步的下降势头。例如，价格低于50天SMA（$ 0.3513），但仍高于200天SMA（0.2247美元），表明长期支持。