The king of cryptocurrency continues to fluctuate, and after testing the latest resistances, the price has eased towards support. While BTC price has largely remained stable, DOGE, which has stayed mostly stagnant, suffered significant losses from the recent drop. As most altcoins share this fate, Bitcoin market dominance has once again risen above 50%.

암호화폐의 왕은 계속 변동하고 있으며 최신 저항을 테스트한 후 가격은 지지선을 향해 완화되었습니다. BTC 가격은 대체로 안정세를 유지하고 있는 반면, 대부분 정체 상태를 유지하고 있는 DOGE는 최근 하락세로 인해 상당한 손실을 입었습니다. 대부분의 알트코인이 이러한 운명을 공유함에 따라 비트코인 ​​시장 지배력은 다시 한번 50% 이상으로 상승했습니다.

Dogecoin (DOGE) Analysis

도지코인(DOGE) 분석

Yesterday, DOGE price lost its 120-day horizontal support. In the DOGE price predictions articles we have shared over the past 14 days, we have constantly emphasized this risk. The drop was fueled by miner sales, with the final push coming from BTC losses. As a result, DOGE fell below $0.06 due to the losses in Bitcoin price.

On the daily chart, the $0.06 support has been noticeably significant since June 10. In addition to losing this level, the price formed a descending triangle, which is considered a bearish pattern, trading below a declining resistance trend line since July 25.

일일 차트에서 $0.06 지지는 6월 10일 이후 눈에 띄게 중요해졌습니다. 이 수준을 잃은 것 외에도 가격은 약세 패턴으로 간주되는 하강 삼각형을 형성하여 7월 25일 이후 하락 저항 추세선 아래에서 거래되었습니다.

DOGE price, which dropped to $0.057, the lowest price since August 17, is still close to the $0.055 support level.

8월 17일 이후 최저치인 0.057달러까지 하락한 DOGE 가격은 여전히 ​​0.055달러 지지 수준에 가깝습니다.

DOGE Price Prediction

The daily RSI supports a downward trend, and the readings on the weekly chart are not promising either. DOGE price is trading within a larger descending triangle formation with a base at $0.057. As mentioned earlier, this is a bearish formation, and if the base is lost, further losses are likely to accelerate.

If the base line is lost, a 67% loss can occur, which means the price could drop to $0.02, as indicated by the descending triangle.

기준선이 손실되면 67%의 손실이 발생할 수 있으며 이는 하강 삼각형으로 표시되는 것처럼 가격이 $0.02까지 하락할 수 있음을 의미합니다.

Some experts are concerned about BTC losing $26,800 in the near future and dropping to $25,000 and $23,000. In this scenario, DOGE price could also drop to $0.02 due to the impact of overselling (as indicated by the descending triangle).

Of course, technical analysis does not predict the future and does not have to follow price formations. However, past experiences indicate that this is the most likely scenario. The weekly chart also supports the downward trend in RSI.

Despite the bearish prediction, if DOGE price bounces from $0.057, it could recover up to the long-term declining resistance trend line at $0.07.

약세 예측에도 불구하고 DOGE 가격이 $0.057에서 반등하면 $0.07의 장기 저항 하락 추세선까지 회복될 수 있습니다.

계속 읽기: https://en.coin-turk.com/dogecoin-doge-price-could-drop-by-67-pay-attention-to-tical-level/