Dogecoin supporters are celebrating a 35% increase in the last month. While this is good news, other altcoins like Solana, Chainlink, and Cardano (ADA) have outperformed, with gains of 170%, 118%, and 55%, respectively, in the same timeframe.
Dogecoin 지지자들은 지난 달 35% 증가를 축하했습니다. 이는 좋은 소식이지만, 솔라나(Solana), 체인링크(Chainlink), 카르다노(ADA)와 같은 다른 알트코인은 같은 기간 동안 각각 170%, 118%, 55%의 수익을 올리며 뛰어난 성과를 거두었습니다.
According to one crypto analyst, DOGE’s rally isn’t over, as recent price action suggests the crypto is on the verge of a bullish breakout.
Crypto Analyst Confirms Dogecoin Breakout
Dogecoin has officially broken out of a descending channel pattern, according to crypto analyst Rekt Capital. The analyst confirmed this in a recent post on social media platform X. Rekt Capital has been following the meme token in a series of posts in a thread since August, sharing updates of its price on a 1-week DOGE/USD chart.
암호화폐 분석가인 Rekt Capital에 따르면 Dogecoin은 공식적으로 하강 채널 패턴에서 벗어났습니다. 분석가는 소셜 미디어 플랫폼 X의 최근 게시물에서 이를 확인했습니다. Rekt Capital은 8월부터 스레드의 일련의 게시물에서 밈 토큰을 팔로우하고 1주 DOGE/USD 차트에서 가격 업데이트를 공유하고 있습니다.
A look into price action on the chart indicates Dogecoin has been on a downward channel starting from the last quarter of 2022. Since then, DOGE has created a series of lower highs and lower lows between the trendlines to indicate the bears having major control of the market. However, things started to change in the middle of October, and a breakout past the channel top became glaring.
차트의 가격 움직임을 살펴보면 Dogecoin이 2022년 4분기부터 하향 채널에 있음을 알 수 있습니다. 그 이후 DOGE는 추세선 사이에 일련의 낮은 고점과 낮은 저점을 만들어 하락세가 주요 통제권을 갖고 있음을 나타냅니다. 시장. 하지만 10월 중순부터 상황이 바뀌기 시작했고, 채널 상단을 돌파하는 돌파구가 눈에 띄게 나타났습니다.
$DOGE
Retest was successful
Dogecoin has made all the right steps in confirming a breakout from its Channel#DOGE #Crypto #Dogecoin https://t.co/UH5IRtccST pic.twitter.com/004LK14lN2
Dogecoin은 채널#DOGE #Crypto #Dogecoin https://t.co/UH5IRtccST pic.twitter.com/004LK14lN2에서 탈주를 확인하기 위한 모든 올바른 조치를 취했습니다.
— Rekt Capital (@rektcapital) November 11, 2023
At the time of writing, the meme token has formed four consecutive bullish candles since it rebounded from the channel bottom. Rekt Capital has previously emphasized that a weekly close over the channel would cement a shift in trend, as the crypto has only registered misleading wicks over this point in the past year. A breakout over the resistance trendline has now been confirmed after a brief retest.
Bitcoin (BTC) is currently trading at $37.081. Chart: TradingView.com
비트코인(BTC)은 현재 $37.081에 거래되고 있습니다. 차트: TradingView.com
What’s Next For Doge?
Doge의 다음 단계는 무엇입니까?
Rekt Capital’s previous analysis has put the price rally in case of a strong break out at just over the top of the channel’s highest high at $0.15. Dogecoin is currently trading at $0.07827 and is already up by 39% from its October bottom. A rally to $0.15 would represent a gain of over 90% from its current price and a gain of 163% from its October bottom.
Rekt Capital의 이전 분석에 따르면 채널 최고치인 0.15달러 바로 위에 강한 돌파가 발생할 경우 가격 랠리가 발생합니다. Dogecoin은 현재 0.07827달러에 거래되고 있으며 이미 10월 최저치보다 39% 상승했습니다. 0.15달러까지 랠리는 현재 가격보다 90% 이상, 10월 저점 대비 163%의 이익을 의미합니다.
DOGE finally broke over the $0.076 level a few days ago as whales worked tirelessly to push the meme coin to a rally. IntoTheBlock data shows whales have injected more than $2 billion into DOGE In 30 Days. Social dominance is also rising on social media, indicating a bullish sentiment on the short term. Popular anonymous crypto analyst Kaleo believes a stronger rally will be ignited when DOGE finally crosses over $0.08.
fwiw – still hasn’t started yet, don’t think we really see insane momentum until 8 cents is cleared
— K A L E O (@CryptoKaleo) November 11, 2023
— KALEO(@CryptoKaleo) 2023년 11월 11일
Although DOGE is still the 9th largest crypto in terms of market cap, the meme token is now far below its all-time high of $0.65.
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