Dogecoin leads the decline in mainstream cryptocurrencies, macro pressure intensifies market sell-off
On Wednesday, Dogecoin was among the top losers among the major cryptocurrencies, with its price falling about 7% to move closer to US$0.089. The correction was affected by broader risk aversion, with Bitcoin, Ethereum and Ripple (XRP) not immune.
At present, this decline is not driven by major news unique to Dogecoin. On the contrary, dogcoin amplified the selling wave in the entire market. As oil prices rise, U.S. Treasury yields rise and the US dollar strengthens, the financial environment for speculative assets is tightening.
During this period, Bitcoin once fell below the US$84,000 mark, Ethereum fell by about 4%, and Ripple fell by more than 3%. In contrast, Dogecoin fell significantly faster, further confirming its market characteristics as a "high beta" version of large-market crypto assets.
The macro environment is deteriorating: Oil prices, yields and the US dollar are exerting pressure together
The macro background is rapidly deteriorating. Brent crude prices climbed above $100 a barrel as new attacks on tankers exacerbated concerns about supply disruptions in the Middle East. At the same time, the 10-year U.S. Treasury yield exceeded 5.3%, while the U.S. dollar index stood firm above 102 points.
Higher yields make interest-bearing assets more competitive than cryptocurrencies, and a stronger U.S. dollar usually leads to tightening global financial conditions. In addition, rising oil prices have raised concerns about inflation and could limit the central bank's room for rapid easing of monetary policy.
加密市场的清算活动也加速了价格的下跌。随着比特币跌破关键支撑位,全市场清算金额超过 5 亿美元。
狗狗币测试 0.088-0.09 美元支撑区
此次抛售将狗狗币推回了 9 月份反复发挥重要技术作用的区域。值得注意的是,就在前一天,狗狗币刚刚形成了近 14 个月来的首个日线级别“黄金交叉”,即其 50 日移动平均线上穿 200 日移动平均线。
目前,狗狗币已跌破短期移动平均线,61.8% 的斐波那契回撤位位于 0.0887 美元附近。100 日指数移动平均线(EMA)接近 0.086 美元,若卖压持续,该位置将成为下一个需要关注的关键支撑区。
当前的局势相对清晰:若能守住 0.088 至 0.09 美元区间,狗狗币仍将处于更广泛的复苏结构之内。然而,若发生决定性破位,则可能暴露出 0.086 美元的支撑位,甚至可能下探至 0.08 美元低位区域,该区域曾在 9 月份的杠杆式回调中充当过支撑角色。

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