Dogecoin (DOGE) has been stuck in a trading range for the past few weeks, lacking the catalyst needed to break free amid a sluggish crypto market. 

Dogecoin(DOGE)은 부진한 암호화폐 시장 속에서 자유로워지는 데 필요한 촉매제가 부족하여 지난 몇 주 동안 거래 범위에 갇혀 있었습니다.

However, today, October 23, marked a possible turning point as cryptocurrencies surged, led by Bitcoin’s (BTC) impressive gains, reaching over $30,600. 

그러나 오늘 10월 23일은 비트코인(BTC)의 인상적인 상승세를 필두로 암호화폐 가격이 급등하여 30,600달러를 넘으면서 가능한 전환점이 되었습니다.

In this renewed optimism, DOGE is the standout performer among the top 10 cryptocurrencies by market cap, surging 4.9% to $0.063 in the last 24 hours leading the 24-hour daily gains.

이러한 새로운 낙관론 속에서 DOGE는 지난 24시간 동안 4.9% 상승한 0.063달러를 기록하며 24시간 일일 상승률을 앞지르는 시가총액 기준 상위 10개 암호화폐 중 눈에 띄는 성과를 거두었습니다.

Intriguingly, this might not be only a short-term boost for DOGE but rather the inception of a potential bull run, as suggested by an analyst.

흥미롭게도 이는 DOGE의 단기적인 상승일 뿐만 아니라 분석가가 제안한 대로 잠재적 강세장의 시작일 수도 있습니다.

Traders and analysts bullish on DOGE

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In an October 23 Analysis, cryptocurrency trader and analyst Naemrr said that Dogecoin may be “witnessing the start” of a bull trend.

The reason for this is the bullish divergence on a 3-day timeframe on the DOGE/BTC chart and a “potential long-term trend breakout on the USDT chart,” he said. 

Naemrr’s bullish views were shared by AngeloBTC, a widely followed Bitcoin trader and market analyst.

Naemrr의 낙관적인 견해는 널리 추앙받는 비트코인 ​​거래자이자 시장 분석가인 AngeloBTC와 공유되었습니다.

In his post on X on the same day, AngeloBTC predicted DOGE’s price to rocket to $1 in the upcoming cycle, highlighting his bullishness with a quote: “The universe owes me 1 billion dollars.”

Technical indicators overview

In addition to insights from social media commentators and traders, the Analysis of technical indicators on TradingView also aligns with the optimistic outlook for DOGE’s future.

소셜 미디어 평론가와 트레이더의 통찰력 외에도 TradingView의 기술 지표 분석은 DOGE의 미래에 대한 낙관적인 전망과 일치합니다.

Notably, the summary of 1-day gauges recommends a ‘Buy’ sentiment score of 12. Moving averages (MAs) in particular indicated a ‘Buy’ sentiment score of 10, while oscillators remained ‘Neutral’ at 8. 

In the meantime, only specific moving averages like exponential 100-day and 200-day, and simple 100-day and 200-day MAs, were signaling a ‘Sell.’

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