Crypto analyst KrissPax believes Dogecoin has found a floor of around 9 cents despite retreating from recent highs.

In a video posted to his YouTube channel on Dec. 12, crypto analyst and influencer KrissPax weighed in with his latest thoughts on the price action and outlook for popular memecoin Dogecoin (DOGE).

12월 12일 자신의 YouTube 채널에 게시된 동영상에서 암호화폐 분석가이자 인플루언서인 KrissPax는 인기 있는 밈코인 Dogecoin(DOGE)의 가격 움직임과 전망에 대한 최근 생각을 밝혔습니다.

The analyst believes the broader crypto market is currently in a period of pullback and consolidation after the sharp run-up across many major cryptocurrencies last month. He cited Bitcoin (BTC) falling below $42,000 as an example of the market resetting from overheated conditions.

Turning his focus to Dogecoin, the analyst noted that DOGE had retreated from local highs above 10 cents reached earlier this month. However, he believes the coin has found support around the 9 cent level, near where it was trading just one week ago on Dec. 5.

분석가는 Dogecoin에 초점을 맞춰 DOGE가 이번 달 초에 도달한 10센트 이상의 지역 최고치에서 후퇴했다고 지적했습니다. 그러나 그는 이 코인이 불과 1주일 전인 12월 5일 거래되었던 지점 근처인 9센트 수준에서 지지를 찾았다고 믿고 있습니다.

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“Now resetting back to that level, we’ll be looking at where Doge goes from here,” the analyst commented. He still believes there could be further dips in the near term but considers the 9-cent zone an important area of potential buying interest.

A key potential catalyst for Dogecoin is the upcoming DOGE-1 mission to the Moon in late December, which the analyst predicts could create excitement and drive the price above 11 cents. However, he cautions traders to be wary of excessive leverage usage, which has led to cascading liquidations during recent volatility.

Dogecoin의 주요 잠재적 촉매제는 12월 말 달에 예정된 DOGE-1 임무입니다. 분석가는 이 임무가 흥미를 불러일으키고 가격을 11센트 이상 상승시킬 수 있다고 예측합니다. 그러나 그는 트레이더들에게 최근 변동성 동안 연쇄 청산으로 이어진 과도한 레버리지 사용을 주의하라고 경고했습니다.

The analyst maintains a bullish medium-term outlook, stating that if Dogecoin can break above resistance around 11 cents, it opens the door for prices to revisit levels near 16 cents reached in late 2022. His year-end price target remains 12 cents.

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