A crypto analyst has shared his projections on the future trajectory of the foremost meme coin, Dogecoin (DOGE). He also hinted as to when DOGE would experience this tremendous rally that would make it rise to $0.7.

한 암호화폐 분석가가 최고의 밈 코인인 Dogecoin(DOGE)의 미래 궤적에 대한 자신의 예측을 공유했습니다. 그는 또한 DOGE가 언제 $0.7까지 상승할 엄청난 랠리를 경험할 것인지 암시했습니다.

When DOGE Will Hit $0.7

In a post shared on his X (formerly Twitter) platform, crypto analyst Captain Faibik stated that an “epic pump” is not far for Dogecoin. From the accompanying chart he shared, this projected rally would see the meme coin rise to $0.7. This move, which will see DOGE gain over 900%, is expected to happen in the first half of 2024.  

암호화폐 분석가인 Captain Faibik은 자신의 X(이전 Twitter) 플랫폼에 공유된 게시물에서 Dogecoin의 "서사시적인 펌프"가 멀지 않았다고 말했습니다. 그가 공유한 첨부 차트에 따르면 이번 랠리는 밈 코인이 0.7달러까지 상승할 것으로 예상됩니다. DOGE가 900% 이상의 이익을 얻을 수 있는 이러한 움직임은 2024년 상반기에 발생할 것으로 예상됩니다.

출처: 엑스

There seems to be a general bullish sentiment around Dogecoin from a technical analysis perspective. Recently, crypto analyst MonoCoinSignal highlighted how DOGE’s price had entered an important zone. He noted that this zone, alongside other indicators, suggests a bullish momentum as the meme coin could be on its way up. 

기술적 분석 관점에서 보면 Dogecoin에 대한 전반적인 낙관적인 정서가 있는 것 같습니다. 최근 암호화폐 분석가 MonoCoinSignal은 DOGE의 가격이 어떻게 중요한 영역에 진입했는지 강조했습니다. 그는 이 영역이 다른 지표와 함께 밈 코인이 상승할 수 있는 강세 모멘텀을 시사한다고 지적했습니다.

Another crypto analyst who goes by Jhonnybrah on Tradingview had also hinted that a god candle might be incoming for DOGE’s price. Unlike MoonCoinSignal, Jhonnybrah provided potential price targets that DOGE could hit. The first target for the god candle happens to be just below $0.14, with the second target above the $0.22 mark. 

A Dogecoin Parabolic Move In 2024 Confirmed?

Crypto analyst JD also recently shared his thoughts on DOGE’s price action. The crypto analyst suggested that the charts were properly set up for a significant rally in the meme coin’s price. He stated that the “King of Memcoins” had a “beautiful chart structure” based on the monthly chart he shared. 

JD noted that the MACD (Moving Average Convergence Divergence) was on the verge of having another bullish cross. The last two times this happened are said to be in 2017 and 2021, when DOGE saw a 62x and 370x, respectively, in its price. Based on the chart he shared, 2024 could be when DOGE experiences this bullish cross again. 

JD는 MACD(Moving Average Convergence Divergence)가 또 다른 강세 교차를 보이기 직전이라고 지적했습니다. 이런 일이 발생한 마지막 두 번은 2017년과 2021년에 DOGE 가격이 각각 62배와 370배를 기록했다고 합니다. 그가 공유한 차트에 따르면 2024년은 DOGE가 이러한 강세 교차를 다시 경험하는 해가 될 수 있습니다.

There seems to be no doubt about Dogecoin’s incoming pump, especially considering that the meme coin’s price has trended low for a while now. Several macro factors are also aligning toward this upward trend. Recently, Bitcoinist reported that the open interest on Dogecoin has crossed the $500 million threshold. 

Meanwhile, Dogecoin recently achieved a new milestone as it was reported that over 5 million addresses now hold DOGE tokens. The belief in the meme coin seems to be growing, and with that in mind, more liquidity could flow into its ecosystem soon enough. 

At the time of writing, DOGE is trading at around $0.10, up over 17% in the last 24 hours, according to data from CoinMarketCap. 

CoinMarketCap의 데이터에 따르면 이 글을 쓰는 시점에서 DOGE는 지난 24시간 동안 17% 이상 상승한 약 0.10달러에 거래되고 있습니다.