Meme coin king has surpassed the $0.1 mark after a long hiatus, but this did not last long due to the fluctuation in BTC price. While discussing the important developments of the week, we previously mentioned that the king cryptocurrency would continue on a positive trajectory until Friday, but it could stabilize due to the impact of the future data on Friday. It happened, so what’s next?

Dogecoin (DOGE)

도지코인(DOGE)

Readings on the weekly chart indicate that the DOGE price has surpassed the 900-day trend line. Previously, the price had made three unsuccessful attempts to break through the tough resistance. Now, we have seen a new local peak at $0.106. The summit seen in the 10th year of Dogecoin needs to be taken further; otherwise, this will be an unsuccessful fourth attempt.

주간 차트를 보면 DOGE 가격이 900일 추세선을 넘어섰다는 것을 알 수 있습니다. 이전에는 가격이 강력한 저항을 돌파하려는 세 번의 시도에 실패했습니다. 이제 우리는 $0.106의 새로운 지역 최고점을 확인했습니다. Dogecoin 10주년에 본 정상회담은 더 발전할 필요가 있습니다. 그렇지 않으면 이것은 실패한 네 번째 시도가 될 것입니다.

The RSI indicates that the rise may continue. The BTC price has returned to $43,780 after the recent drop. Whether altcoins will continue to rise depends on at which level BTC will consolidate. If the price lingers in this range for a while, it will provide an opportunity for impressive rallies for altcoins, even if only for a few weeks.

RSI는 상승이 계속될 수 있음을 나타냅니다. BTC 가격은 최근 하락세 이후 43,780달러로 돌아왔습니다. 알트코인이 계속 상승할지 여부는 BTC가 어느 수준으로 통합될지에 달려 있습니다. 가격이 한동안 이 범위에 머무르면 비록 몇 주 동안이라도 알트코인에 인상적인 랠리를 이룰 수 있는 기회가 제공될 것입니다.

DOGE Price Prediction

The outlook on the weekly chart is still positive, but the setups are reflected late here. Investors watch the daily chart to predict shorter-term movements. Despite reaching the highest level of the new year, the length of the last upper wick on the daily time frame chart is concerning.

Long upper wicks reflect dominant sales, and DOGE has been unable to overcome resistance due to intense supply from large investors for months. If the selling wave gains momentum again, the rally target may have been met. This is particularly noteworthy while there is a correction risk in the BTC price.

긴 상단 심지는 지배적인 판매를 반영하며 DOGE는 수개월 동안 대규모 투자자의 강렬한 공급으로 인해 저항을 극복하지 못했습니다. 매도세가 다시 탄력을 받는다면 랠리 목표는 달성되었을 수도 있습니다. 이는 BTC 가격에 조정 위험이 있는 동안 특히 주목할 만합니다.

The $0.095 resistance area that has been stationary since the beginning of the year is crucial for the future of the price. Popular Turkish crypto analyst floud said he exited his position since the price reached the resistance.

“I sold 95% of the spot (with a 50% profit) and all of my margin position (with an average profit of 20%) in the red box. Losing the $0.085 level can create a squeeze. If it falls into the green box, I would consider buying again, close to the price. Enjoy.”

Despite the price movement being in the downward direction, the daily RSI is in the upward direction. The route that the Bitcoin price will follow and whether the DOGE price can remain above the resistance will be decisive for the future. If we see a successful breakout, there could be a 50% increase to $0.145. On the contrary, we could see a drop to $0.07.

가격 움직임이 하락세임에도 불구하고 일일 RSI는 상승세를 보이고 있습니다. 비트코인 가격이 따라갈 경로와 DOGE 가격이 저항선 이상으로 유지될 수 있는지 여부가 미래에 결정적일 것입니다. 성공적인 돌파가 이루어지면 $0.145까지 50% 증가할 수 있습니다. 반대로 $0.07까지 하락할 수도 있습니다.

계속 읽기: https://en.coin-turk.com/dogecoin-doge-price-analytic-will-the-rally-continue/