The post Dogecoin to Moon in 2024? Analyst Predict DOGE Price Rally Soon appeared first on Coinpedia Fintech News

Dogecoin, the charismatic underdog of the crypto world, is once again stepping into the spotlight. According to insights from respected cryptocurrency analyst Ali Martinez, Dogecoin is positioned for a significant price surge. 

암호화폐 세계의 카리스마 넘치는 약자인 도지코인(Dogecoin)이 다시 한번 주목을 받고 있습니다. 존경받는 암호화폐 분석가인 Ali Martinez의 통찰력에 따르면 Dogecoin은 상당한 가격 급등에 직면해 있습니다.

As excitement builds, there’s anticipation that Dogecoin might reach approximately 20 cents during this rally.

Ali Martinez’s Analysis

알리 마르티네즈의 분석

In a recent X post, esteemed crypto analyst Ali Martinez, known for her accurate predictions in the crypto space, shared key observations that have the community buzzing with anticipation.

Martinez specifically points to critical metrics such as trading volume and the delicate balance between buying and selling pressure. A surge in trading volume, coupled with a dominance of buying activity over selling, indicates a growing interest in Dogecoin, often signaling an impending uptick in its value.

In a tweet, Martinez highlights that “There’s a notable surge in DOGE transactions exceeding $100,000 in the past month, consistently hitting new highs. This uptick suggests increased interest in DOGE from institutional players and whales, potentially gearing up for a significant price spike.”

마르티네즈는 트윗에서 “지난 달에 10만 달러를 초과하는 DOGE 거래가 눈에 띄게 급증하여 지속적으로 새로운 최고치를 경신했습니다. 이러한 상승은 기관 플레이어와 고래의 DOGE에 대한 관심이 높아져 잠재적으로 상당한 가격 급등에 대비할 수 있음을 시사합니다.”

Analyst Kaleo’s Positive Outlook

Kaleo, another prominent figure in the crypto analysis space, shares a positive sentiment regarding Dogecoin. On November 9, he shared insights and a strategic overview of Dogecoin, predicting noteworthy movements in its price in the near term.

Kaleo anticipates an upward trajectory in Dogecoin’s value within the next week or two. Drawing from historical trends, he notes that Dogecoin tends to experience rapid price increases once it initiates movement.

Kaleo는 다음 주 또는 2주 내에 Dogecoin의 가치가 상승할 것으로 예상합니다. 그는 역사적 추세를 바탕으로 Dogecoin이 일단 움직임을 시작하면 급격한 가격 상승을 경험하는 경향이 있다고 지적합니다.

The analyst predicts a swift ascent in Dogecoin’s price, reaching a range between 9 to 10 cents, followed by a stabilizing period. Subsequently, he envisions another quick surge to around 15 cents. While expressing optimism for a substantial rise, Kaleo realistically sets the potential peak at approximately 20 cents during this rally.

Dogecoin Rally in 2024

Further, the analyst also touches upon Dogecoin’s longer-term prospects, suggesting that a more significant rally might materialize later in 2024. 

또한 분석가는 Dogecoin의 장기적인 전망에 대해서도 언급하면서 2024년 후반에 더 중요한 랠리가 실현될 수 있음을 시사했습니다.

Despite this, he believes there’s still room for notable price movements before that period, drawing parallels with Dogecoin’s behavior in the spring of 2021 and noting similarities in price action before a substantial increase

Kaleo’s analysis delves into Dogecoin’s price concerning Bitcoin, utilizing a high time frame (HTF) approach. He identifies a critical point where Dogecoin, measured in satoshis (Bitcoin’s smallest unit), may encounter resistance—historically a point where the price ceases to rise and may reverse.

Kaleo의 분석은 HTF(High Time Frame) 접근 방식을 활용하여 Bitcoin과 관련된 Dogecoin의 가격을 조사합니다. 그는 사토시(비트코인의 가장 작은 단위)로 측정되는 Dogecoin이 저항에 직면할 수 있는 중요한 지점, 즉 역사적으로 가격이 상승을 멈추고 반전할 수 있는 지점을 식별합니다.