Dogecoin has just completed another month in the green despite the various dips and turns that it took in November. This green monthly close marks its second consecutive green monthly after finishing out October in the green as well. With this trend now complete, let’s take a look at Dogecoin’s historical performance when it has notched two consecutive green monthly closes.

Two Green Dogecoin Monthly Closes

두 개의 Green Dogecoin 월간 마감

The two consecutive green monthly closes for Dogecoin are significant due to how the price has performed when this has happened in the past. Given the meme coin’s highly volatile nature, it is not every time that it notches two consecutive green monthly closes and this could be very bullish for the price.

Dogecoin의 두 번의 연속 녹색 월간 마감은 과거에 이런 일이 발생했을 때 가격이 어떻게 수행되었는지로 인해 중요합니다. 밈 코인의 변동성이 매우 높은 특성을 감안할 때, 두 번 연속 녹색 월간 마감을 기록할 때마다 그런 것은 아니며 이는 가격에 매우 낙관적일 수 있습니다.

For example, back toward the end of 2020, the meme coin had closed out the months of November and December in the green. While at the time, it did not seem relevant, this would signal the start of one of the most impressive rallies in crypto so far.

예를 들어, 2020년 말에 밈 코인은 11월과 12월을 녹색으로 마감했습니다. 당시에는 관련성이 없어 보였지만 이는 지금까지 암호화폐 업계에서 가장 인상적인 집회 중 하나의 시작을 알리는 신호였습니다.

Dogecoin took the green monthly closes and ran with it and the next few months would be characterized by nothing but green. The DOGE price went from around $0.008 following the green monthly close to over $0.05 in the next four months.

Each of these four months would see the meme coin close in the green as its price continued to rally. If this trend were to repeat itself once again, then the DOGE price could be gearing up for another massive run.

Can DOGE Replicate This Success?

Dogecoin has historically been good with following trends, which bodes well for the current performance. However, there have been times when there has been a deviation from this trend despite marking the two consecutive monthly closes.

In September and October 2022, Dogecoin had closed out both months in the green. However, the next few months would turn out to be quite bearish for the price. In the end, the meme coin saw two red monthly closes before seeing another monthly close.

2022년 9월과 10월, Dogecoin은 두 달 모두 좋은 성적을 거두었습니다. 그러나 다음 몇 달은 가격에 비해 상당히 약세를 보일 것입니다. 결국 밈 코인은 두 번의 빨간색 월별 마감을 보았고 또 다른 월별 마감을 보았습니다.

A major difference between the 2022 trend and the 2023 trend though is the fact that 2022 was quite bearish following the FTX collapse while 2023 is very bullish with the Bitcoin price recovering again. With investor greed at a very high level, Dogecoin could continue to rise.

As crypto analyst Ali Martinez points out, the meme coin is currently seeing a lot of resistance at $0.087. However, once it breaks through this resistance, then the DOGE price could double from here.

암호화폐 분석가 알리 마르티네즈(Ali Martinez)가 지적했듯이 밈 코인은 현재 0.087달러에서 많은 저항을 받고 있습니다. 그러나 일단 이 저항을 돌파하면 DOGE 가격은 여기에서 두 배가 될 수 있습니다.