Over the past 24 hours, Dogecoin, a meme coin created as a parody on Bitcoin and launched by two IT engineers (one of them resides on X as "Shibetoshi Nakamoto") as a side project in 2013, has printed an increase of more than 10%, jumping from $0.0730 to the $0.0813 level.

지난 24시간 동안 비트코인 ​​패러디로 생성되고 2013년 두 명의 IT 엔지니어(그 중 한 명은 "Shibetoshi Nakamoto"로 X에 상주)가 사이드 프로젝트로 출시한 밈 코인인 Dogecoin은 10%, $0.0730에서 $0.0813 수준으로 뛰어올랐습니다.

DOGE has been rising for two consecutive days. Overall, within the last 48 hours, the leading meme coin has surged by 14.74%.

The trading volume has increased by more than 15% over the last 24 hours, reaching the $1,150,262,483 figure, according to CoinMarketCap.

Despite the rising price, the Fear and Green Index of Dogecoin, which also exists for Bitcoin, Ethereum and other cryptos and shows market sentiment, shows 68 and remains in the Greed area. This means that the market may be overheated and traders and investors are likely to start selling DOGE to make profits on it, therefore pushing the price down.

가격 상승에도 불구하고 비트코인, 이더리움 및 기타 암호화폐에도 존재하며 시장 심리를 보여주는 도지코인의 공포 및 녹색 지수는 68을 나타내며 탐욕 영역에 머물고 있습니다. 이는 시장이 과열될 수 있고 거래자와 투자자가 이익을 얻기 위해 DOGE를 판매하기 시작하여 가격을 하락시킬 가능성이 있음을 의미합니다.

When the index begins to show "fear," it means that this is a good buying opportunity and market participants are likely to start stocking up on a coin, pushing its price up.

Dogecoin Fear and Greed Index is 68 - Greed pic.twitter.com/l2XNE1Xidk

— Doge Fear and Greed Index (@DogecoinFear) November 11, 2023

— Doge 공포 및 탐욕 지수(@DogecoinFear) 2023년 11월 11일

Earlier this week, as reported by U.Today, analyst Ali Martinez shared a chart provided by on-chain data agency IntoTheBlock. The chart showed that DOGE was "navigating a tight zone, sandwiched by two crucial supply walls."

The chart provided an opportunity for a potential Dogecoin breakout. It may happen, according to Martinez, if DOGE manages to surpass the $0.076 level. In that case, he tweeted, all eyes of the market should be watching "the next significant hurdle at $0.084."

차트는 잠재적인 Dogecoin 돌파 기회를 제공했습니다. 마르티네즈에 따르면 DOGE가 0.076달러 수준을 넘어설 경우 이런 일이 일어날 수 있다고 합니다. 그렇다면 그는 시장의 모든 눈이 "0.084달러의 다음 중요한 장애물"을 지켜봐야 한다고 트윗했습니다.