Dogecoin (DOGE) is back on the move after a brief correction from November highs at $0.0877 to support slightly above $0.7. Unlike other cryptos, the most prominent meme coin is not trimming gains but rebounding towards the psychological resistance at $0.1.
In the last seven days, DOGE price has increased by 8.5% to $0.082 not to mention the cumulative 17% gains in 30 days, CoinGecko market data shows. Over half a billion dollars in trading volume has been recorded by traders across exchanges with the market cap growing to $11.6 billion.
CoinGecko 시장 데이터에 따르면 지난 7일 동안 DOGE 가격은 30일 동안 누적 17% 상승은 물론이고 8.5% 증가한 $0.082를 기록했습니다. 거래량은 5억 달러가 넘으며 거래소 전체에서 거래량이 기록되었으며 시가총액은 116억 달러로 증가했습니다.
Dogecoin Price Prediction: DOGE Recoils From Double-Bottom Pattern
The path with the least resistance has sustained upwards since Dogecoin price hit the bottom twice at $0.058. Recovery above all three moving averages including the 50-day Exponential Moving Average (EMA) (red), the 100-day EMA (blue), and the 200-day EMA (purple) assured traders of a bullish era.
Dogecoin 가격이 0.058달러로 두 번 바닥을 친 이후 저항이 가장 적은 경로가 계속 상승했습니다. 50일 지수 이동 평균(EMA)(빨간색), 100일 EMA(파란색), 200일 EMA(보라색)를 포함한 세 가지 이동 평균 모두에 대한 회복은 거래자들에게 강세 시대를 보장했습니다.
Further movement above the double-bottom pattern’s neckline resistance called upon more traders to launch long positions in DOGE. This contributed immensely to the tailwind, which pushed Dogecoin price to $0.0877.
With the neckline resistance successfully tested, resulting in an ongoing uptrend continuation, DOGE might close the gap to $0.1 before or during the weekend.
The Relative Strength Index (RSI) at 61 reveals buyers have the upper hand. As this trend strength indicator climbs toward the overbought region above 70, the odds flip in favor of the bulls.
A bullish cross pattern is on the cusp of forming if the 100-day EMA moves above the 200-day EMA. This would be the third golden cross in November. The initial bullish cross came into the picture when the 50-day EMA flipped above the 100-day EMA, followed by the second one when the same 50-day EMA moved above the 200-day EMA.
100일 EMA가 200일 EMA 위로 이동하면 강세 교차 패턴이 형성되기 직전입니다. 이는 11월 세 번째 골든 크로스가 된다. 초기 강세 교차는 50일 EMA가 100일 EMA 위로 반전되었을 때 나타났고, 두 번째 교차는 동일한 50일 EMA가 200일 EMA 위로 움직일 때 나타났습니다.
According to an anonymous analyst, seba26-77, who posts insights on Tradingview, Dogecoin price is dealing with the same resistance it was struggling to break roughly a year ago.
From the chart, DOGE must break the blockade at $0.086 in the coming days – a move likely to see it rise to $0.12 by the end of 2023, representing a 60% move from the current market value.
차트에서 DOGE는 앞으로 며칠 내에 $0.086의 봉쇄를 깨야 합니다. 이는 2023년 말까지 $0.12로 상승하여 현재 시장 가치에서 60% 상승할 가능성이 높습니다.
The weekly chart reveals a breakout from a falling wedge pattern. This pattern serves as a continuation signal, allowing for consolidation due to profit-taking, ahead of another breakout.
Dogecoin price is expected to keep the uptrend intact as long as the breakout is backed by increasing volume. Moreover, the 50-week EMA is in line to provide support at $0.755.
도지코인 가격은 거래량 증가에 따른 돌파가 뒷받침되는 한 상승세를 그대로 유지할 것으로 예상됩니다. 게다가 50주 EMA는 $0.755의 지원을 제공할 예정입니다.
It would not be prudent to assume that Dogecoin is out of the woods, with the 200-week EMA hindering movement at $0.0839 and the 100-week EMA at $0.864. Trading above these two key zones might encourage more buyers to join the uptrend due to the possibility of DOGE price starting a new bullish phase above $0.1.
200주 EMA가 $0.0839이고 100주 EMA가 $0.864이므로 Dogecoin이 위기에 처해 있다고 가정하는 것은 현명하지 않습니다. 이 두 핵심 영역 위에서 거래하면 DOGE 가격이 $0.1 이상에서 새로운 강세 단계를 시작할 가능성으로 인해 더 많은 구매자가 상승 추세에 합류하도록 장려할 수 있습니다.
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The post Dogecoin Price Could Blast Through $0.12 Resistance Is This Technical Pattern Plays Out appeared first on CoinGape.
Dogecoin 가격이 $0.12 저항을 통해 폭등할 수 있다는 게시물이 기술적 패턴이 나타나는 현상입니다. CoinGape에 처음 등장했습니다.