Similar to Shiba Inu’s pursuit of reaching the $0.01 mark, Dogecoin has been striving to attain the $1 threshold. However, these ambitions have frequently encountered obstacles. Yet, it appears that the OG meme coin is entering a more bullish phase. Dogecoin’s current performance shows positive aspects, outperforming Bitcoin [BTC], Cardano [ADA], and Ethereum [ETH] in selected metrics. Data from IntoTheBlock reveals a notable 10.32% surge in daily active addresses for Dogecoin.

Shiba Inu가 0.01달러를 달성하려는 노력과 유사하게 Dogecoin은 1달러 기준점을 달성하기 위해 노력해 왔습니다. 그러나 이러한 야망은 종종 장애물에 직면했습니다. 그러나 OG 밈 코인은 더욱 강세 국면에 들어서고 있는 것으로 보입니다. Dogecoin의 현재 성과는 선택된 지표에서 비트코인[BTC], 카르다노[ADA] 및 이더리움[ETH]을 능가하는 긍정적인 측면을 보여줍니다. IntoTheBlock의 데이터에 따르면 Dogecoin의 일일 활성 주소가 10.32% 급증한 것으로 나타났습니다.

However, can this momentum alone drive Dogecoin to reach $1? Not quite. According to machine learning algorithms, it is expected that the meme coin will deviate from its bullish trend and experience a major decline as October comes to a close.

Also Read: Why Dogecoin, Shiba Inu & Pepe Are Crashing in 2023? Explained

또한 읽어 보세요: Dogecoin, Shiba Inu 및 Pepe가 2023년에 충돌하는 이유는 무엇입니까? 설명됨

Dogecoin: October’s bearish blues squash DOGE’s $1 dream

Dogecoin: 10월의 약세 블루스 스쿼시 DOGE의 1달러 꿈

According to Changelly’s price prediction, Dogecoin is expected to end October on a predominantly bearish trajectory. Currently, DOGE is being traded at $0.058266, marking a daily decline of 1.6%. Additionally, it’s worth mentioning that over the past month, the meme coin has witnessed a notable decrease of 6.5%.

Dogecoin is projected to reach a lower level of $0.054196 on Oct. 30, which reflects a dip of 7.53% from its current price. Furthermore, on Oct. 31, DOGE is expected to decline by 9.32% to $0.053143. It is anticipated that the asset will remain within the $0.05 range and will not be able to reach $0.06.

However, crypto analyst Ali Martinez has provided a dose of optimism for the Dogecoin community through his recent price prediction, which indicates favorable signals on the meme coin’s price chart.

그러나 암호화폐 분석가 알리 마르티네즈(Ali Martinez)는 최근 가격 예측을 통해 도지코인 커뮤니티에 낙관론을 제시했는데, 이는 밈 코인의 가격 차트에 유리한 신호를 나타냅니다.

Notably, Martinez has pointed out that Dogecoin is currently “approaching the apex” of a “multi-year descending triangle formation.” Consequently, if the meme coin manages to achieve a weekly close above the $0.0835 threshold, it could potentially “initiate the start of a new DOGE bull run, possibly reaching $1,” as highlighted by the crypto expert.

Also Read: Dogecoin: 59% of DOGE Holders Are in Loss

또한 읽어 보세요: Dogecoin: DOGE 보유자의 59%가 손실을 입었습니다.

Furthermore, on the flip side, Martinez advises the community to closely monitor the support level at $0.0482, as falling below this point could open the door to a new yearly low.

또한 마르티네즈는 커뮤니티에 $0.0482의 지원 수준을 면밀히 모니터링하라고 조언합니다. 이 지점 아래로 떨어지면 새로운 연간 최저치에 도달할 수 있기 때문입니다.

• crypto
• cryptocurrency

암호화폐

• Dogecoin