The bloody outlook across the crypto market resulted in a 7% nosedive in Dogecoin price in a week, following an impressive rally above $0.1.
암호화폐 시장 전반에 걸친 피비린내 나는 전망으로 인해 0.1달러 이상의 인상적인 상승세에 이어 일주일 만에 Dogecoin 가격이 7% 급락했습니다.
This marked the biggest correction since the Q3 rally kicked off in October, with DOGE retracing from $0.105 to trade at $0.092 during the US session on Wednesday.
이는 10월 3분기 랠리가 시작된 이후 가장 큰 조정을 의미하며 DOGE는 수요일 미국 세션에서 $0.105에서 $0.092로 하락했습니다.
How Will Dogecoin Price React To FOMC Meeting
Dogecoin 가격은 FOMC 회의에 어떻게 반응할까요?
Bitcoin, Ethereum, and cryptocurrency majors remain suppressed ahead of the Federal Open Market Committee (FOMC) on Wednesday.
수요일 연방공개시장위원회(FOMC)를 앞두고 비트코인, 이더리움, 암호화폐 주요 종목에 대한 억압이 계속되고 있습니다.
The Federal Reserve is widely expected to keep interest rates unchanged and provide insight as to when rate cuts could begin, especially with the recently released Consumer Price Index (CPI) data showing that inflation continues to ease.
연준은 금리를 변동 없이 유지하고 금리 인하가 언제 시작될 수 있는지에 대한 통찰력을 제공할 것으로 널리 예상됩니다. 특히 최근 발표된 소비자물가지수(CPI) 데이터에서는 인플레이션이 계속해서 완화되고 있음을 보여줍니다.
Unchanged interest rates in the range of 5.25% – 5.50% are positive for risk assets like Bitcoin and Dogecoin while comments on rate cuts could prop the market for a rally.
Recommended for you: Solana Price Prediction: SOL Plunges 7% Ahead Of Fed Meeting On Interest Rates, What’s Next
권장 사항: Solana 가격 예측: SOL, 금리 관련 Fed 회의를 앞두고 7% 급락, 다음 단계
Dogecoin price holds above an important MA—the 20-day Exponential Moving Average (EMA) (in blue). A buoyant DOGE above this level would mean an incoming rebound.
However, losing the 20-day EMA as support which currently holds at $0.0929 may lead to a breakdown in such a way that Dogecoin price would be forced to retest other key levels like the 50-day EMA (in red) at $0.0817 and the 200-day EMA (in purple) at $0.0733 on the way to the local support, as highlighted by the descending trendline in in red.
The Relative Strength Index (RSI) reveals that sellers hold the reins at the moment, with Dogecoin likely to change the trend or continue spiraling while searching for solid support.
A bearish crossover in the RSI confirms the bearish narrative. However, DOGE could quickly snap out of the downtrend if the 21-day support holds.
RSI의 약세 교차는 약세 내러티브를 확인시켜줍니다. 그러나 21일 지지선이 유지된다면 DOGE는 하락 추세에서 빠르게 벗어날 수 있습니다.
Traders would be on the lookout for a bounce towards the pivotal $0.1 level. A successful retest of this resistance would assure investors of the strengthening bullish theory for gains above hurdles at $0.14 and $0.2, respectively.
Bulls have already started pushing for a recovery in shorter time frames like the four-hour chart, where Dogecoin is bouncing from the black ascending trendline.
Although the RSI is not oversold in this time frame, a recovery from support at 40 seems likely. Therefore, it may be prudent for traders to prepare to enter long positions with short-term targets at $0.1 and $0.12, respectively.
현재 RSI가 과매도 상태는 아니지만 40에서 지지를 회복할 가능성이 높아 보입니다. 따라서 거래자는 각각 $0.1과 $0.12의 단기 목표를 가지고 매수 포지션에 진입할 준비를 하는 것이 현명할 수 있습니다.
The Moving Average Convergence Divergence (MACD) indicator, although still bearish, has the potential to send a buy signal in this session or the next one.
Such a signal will occur as a bullish crossover with the the MACD line in blue moving above the signal line in red. Traders will be inclined to increase exposure to DOGE as the MACD generally moves toward the neutral line and enters the positive area.
이러한 신호는 파란색 MACD 선이 빨간색 신호 선 위로 이동하는 강세 교차로 발생합니다. MACD가 일반적으로 중립선을 향해 이동하고 플러스 영역에 진입함에 따라 트레이더는 DOGE에 대한 노출을 늘리려는 경향이 있습니다.
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The post Dogecoin Price 7% Dump in a Week Signals 22% Death Dive for DOGE? appeared first on CoinGape.
일주일 동안 Dogecoin 가격 7% 하락은 DOGE의 22% 데스 다이브 신호입니까? CoinGape에 처음 등장했습니다.