Dogecoin (DOGE) has experienced a modest upturn in both its daily and weekly performance, prompting speculation about its potential for future growth. While the gains have been minimal, a prominent analyst, Ali Martinez, suggests that there might be room for further development.
Martinez’s analysis reveals that Dogecoin, as seen on the weekly chart, is breaking free from a multiyear descending triangle pattern. This pattern is a technical analysis pattern used in financial markets to predict potential price movements. In this pattern, a horizontal line represents a level of support, while a descending trendline signifies a level of resistance.
Martinez의 분석에 따르면 주간 차트에서 볼 수 있듯이 Dogecoin은 다년간의 하락세 삼각형 패턴에서 벗어나고 있습니다. 이 패턴은 잠재적인 가격 변동을 예측하기 위해 금융 시장에서 사용되는 기술적 분석 패턴입니다. 이 패턴에서 수평선은 지지 수준을 나타내고, 하락 추세선은 저항 수준을 나타냅니다.
#Dogecoin shows promising signs, breaking out from a multi-year descending triangle on the $DOGE weekly chart! The confirmation of a buy signal from the TD Sequential indicator within this timeframe reinforces #DOGE bullish outlook. pic.twitter.com/ao7VXyxaEa
#Dogecoin은 $DOGE 주간 차트의 다년간의 하락세 삼각형에서 벗어나 유망한 조짐을 보여줍니다! 이 기간 내에 TD 순차 표시기에서 매수 신호가 확인되면 #DOGE 강세 전망이 강화됩니다. pic.twitter.com/ao7VXyxaEa
— Ali (@ali_charts) October 29, 2023
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The price typically bounces between these two lines, creating a triangle shape. Breakouts from this pattern often indicate a significant price movement. In the case of Dogecoin, breaking out from this pattern suggests a potential upward price movement.
가격은 일반적으로 이 두 선 사이에서 튀어오르며 삼각형 모양을 만듭니다. 이 패턴의 돌파는 종종 상당한 가격 변동을 나타냅니다. Dogecoin의 경우, 이 패턴에서 벗어나는 것은 잠재적인 가격 상승 움직임을 암시합니다.
Current data from CoinGecko places Dogecoin’s price at $0.069051, reflecting a 1.0% increase in the past 24 hours and a 2.0% rise over the previous seven days. Martinez has specifically noted that the meme coin is displaying a confirmation of a buy signal generated by the TD Sequential indicator within this timeframe.
DOGE seven-day price action. Source: Coingecko
DOGE 7일 가격 조치. 출처: 코인게코
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완고한 Dogecoin 지표
The TD Sequential indicator is a technical analysis tool that helps traders identify potential points of trend exhaustion or trend continuation. A buy signal in this context indicates that the current price movement is expected to continue upward, which aligns with Martinez’s optimism regarding Dogecoin’s future prospects.
In a surprising turn of events, a Dogecoin wallet that had remained dormant for nearly a decade came back to life recently. This wallet was involved in a series of significant transactions worth hundreds of thousands of dollars. The blockchain tracking platform Blockchair first detected this sudden activity.
놀라운 사건의 반전으로 거의 10년 동안 휴면 상태로 남아 있던 도지코인 지갑이 최근 다시 살아났습니다. 이 지갑은 수십만 달러에 달하는 일련의 중요한 거래에 관여했습니다. 블록체인 추적 플랫폼 Blockchair는 이러한 갑작스러운 활동을 처음으로 감지했습니다.
Blockchair’s data showed that the inactive wallet executed three separate transfers on October 28 and October 29. These transactions involved the movement of DOGE tokens amounting to $372,461 to a different wallet. The sheer scale of this movement has raised eyebrows within the cryptocurrency community.
Blockchair의 데이터에 따르면 비활성 지갑은 10월 28일과 10월 29일에 3번의 개별 전송을 실행한 것으로 나타났습니다. 이러한 거래에는 $372,461에 달하는 DOGE 토큰이 다른 지갑으로 이동하는 것이 포함되었습니다. 이 움직임의 엄청난 규모는 암호화폐 커뮤니티 내에서 눈살을 찌푸리게 했습니다.
The reactivation of a long-dormant wallet and the substantial transfers it conducted have stirred speculation within the Dogecoin community. Such significant transactions have the potential to influence market sentiment and, subsequently, price movements. Traders and enthusiasts will be closely monitoring the market to assess the impact of this whale move on Dogecoin’s price.
DOGE market cap currently at $9.796 billion. Chart: TradingView.com
현재 DOGE 시가총액은 97억 9600만 달러입니다. 차트: TradingView.com
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).
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