#常见交易错误

DOGE Faces Sell-off Crisis XBIT Trading App Ranking Under Test

Data from Coinworld shows that currently 30% of DOGE addresses are in a loss state, with their acquisition price above $0.18. Since DOGE fell below the $0.20 support level, the phenomenon of holders surrendering has become increasingly evident, with actual losses exceeding $800 million in just the past three days. Analysts from the XBIT decentralized exchange platform state that this loss situation corresponds with DOGE dropping to a low of $0.1680, indicating that sell-off pressure is continuing to increase.

It is noteworthy that this sell-off primarily comes from short-term and medium-term holders. When DOGE tested the $0.25 resistance level, short-term holders' NUPL (Net Unrealized Profit/Loss indicator) turned negative, marking that this group has entered a full surrender phase. This sell-off behavior not only exacerbates the downward pressure but also forces DOGE to break below the critical $0.20 support level, further undermining market confidence.