Dogecoin, which swept through 2021 and made a name for itself with its rise, had a difficult 2023. However, there is still a chance to end the year on a high note. It was understandable to see a negative price performance after the countless events of this year, including Elon Musk’s departure. So, what is the reason for the optimism at the end of the year?

2021년을 휩쓸며 상승세로 이름을 알린 도지코인은 어려운 2023년을 보냈다. 하지만 그래도 한 해를 좋은 성적으로 마무리할 가능성은 남아 있다. 엘론 머스크의 퇴임을 포함해 올해 수많은 사건 이후 주가 하락세를 보인 것은 이해할 만하다. 그렇다면 연말이 낙관되는 이유는 무엇일까?

Dogecoin (DOGE) Analysis

도지코인(DOGE) 분석

The king of meme coins has been stuck below the long-term descending resistance trend line since its peak in May 2021. If you recall the May SNL Show, you would also remember how Elon Musk messed everything up. DOGE, which came close to the $1 target for the first time ever, subsequently experienced a steady decline.

밈 코인의 왕은 2021년 5월 최고치 이후 장기 하강 저항 추세선 아래에 갇혀 있습니다. 5월 SNL 쇼를 기억한다면 Elon Musk가 모든 것을 어떻게 망쳤는지 기억하실 것입니다. 사상 처음으로 1달러 목표에 근접한 DOGE는 이후 꾸준한 하락세를 보였습니다.

Since the ATH (all-time high) day, the DOGE price remained below the long-term trend line until it broke free in October 2023. Breakouts from such long-term structures are exciting for investors as they now may indicate a trend change. Although the trend line has been surpassed, the horizontal resistance area has not been reached yet.

On the weekly chart, the RSI is positive and the price is relatively strong. There’s some weakness due to Bitcoin‘s pressure, but this issue is hoped to end after Powell spills the beans tomorrow at this time.

주간 차트에서는 RSI가 긍정적이고 가격이 상대적으로 강세를 보이고 있습니다. 비트코인의 압박으로 인해 다소 약점이 있지만, 이 문제는 내일 이맘때 Powell이 콩을 쏟아부은 후에 끝나기를 바랍니다.

Dogecoin Target Price

On the daily chart, the DOGE price has broken free from the $0.095 horizontal resistance area. After the upward breakout, the price reached a peak of $0.107 but has not yet determined a clear direction. Even though the altcoin saw its annual high, it created a bearish candle, which was related to BTC sales. The daily RSI gives a mixed reading. On the bullish side, the indicator has escaped the descending trend line but is weakening.

What will determine the DOGE price is a potential bounce at $0.095. In the past, this would have been expected with Elon Musk’s support, but he is no longer around. However, we might see announcements related to upcoming DOGE space missions. There is a chance that Elon Musk might share something about the DOGE-1 space mission (where several companies will send physical DOGE to the Moon via cargo, with SpaceX being just one of them) and trigger this.

In a positive scenario, a bounce from $0.095 could lift the Dogecoin price to $0.145, but in the reverse scenario, we could see a retracement to $0.072.

긍정적인 시나리오에서는 0.095달러에서 반등하면 Dogecoin 가격이 0.145달러로 상승할 수 있지만 반대 시나리오에서는 0.072달러로 되돌리는 것을 볼 수 있습니다.

계속 읽기: https://en.coin-turk.com/dogecoins-challenging-year-and-potential-comeback/