Dogecoin Price Prediction: Amid the recent uptick in the broader crypto market sentiment, Dogecoin (DOGE) demonstrated significant momentum starting from the fourth week of November. The coin rebounded from a local support level of $0.07, achieving a remarkable 48.8% increase to reach a high of $0.106. This rally is noteworthy as it signifies the Doge price breaking out of a year-long accumulation phase, hinting at an early sign of a trend reversal.

Dogecoin 가격 예측: 최근 광범위한 암호화폐 시장 정서가 상승하는 가운데 Dogecoin(DOGE)은 11월 넷째 주부터 상당한 모멘텀을 보였습니다. 이 코인은 현지 지지 수준인 $0.07에서 반등하여 48.8%의 놀라운 상승률을 달성하여 최고 $0.106에 도달했습니다. 이번 랠리는 Doge 가격이 1년 간의 축적 단계를 벗어나 추세 반전의 초기 신호를 암시한다는 점에서 주목할 만합니다.

Also Read: Dogecoin Price Prediction As $DOGE Breaks 700-Day Resistance; Is Rally $0.1 Imminent? 

또한 읽으십시오: $DOGE가 700일 저항을 깨뜨릴 때 Dogecoin 가격 예측; Rally $0.1이 임박했나요?

Triangle Breakout Hints Massive Bull Run Ahead

• The DOGE price breakout from the triangle pattern hints at the continuation of the recovery trend.

DOGE 가격이 삼각형 패턴에서 벗어나는 것은 회복 추세가 지속됨을 암시합니다.

• A bullish crossover between the 100-and-200-day EMA should accelerate the recovery momentum.
• The 24-hour trading volume in Dogecoin is $2.58 Billion, indicating a 58% gain.

Dogecoin의 24시간 거래량은 25억 8천만 달러로 58%의 상승률을 나타냅니다.

As the market gears towards recovery, the Dogecoin price achieved a bullish breakout from the resistance trendline of a symmetrical triangle pattern on December 2nd. This pattern, characterized by the coin’s price oscillating within two converging trendlines, hinted at impending changes in trend direction. 

The breakout has propelled the coin price to a 7-month high of $0.105. Coinciding with its 10th anniversary, Dogecoin experienced an additional surge of 13%, challenging the overhead resistance. 

As the DOGE price continues to ride the momentum of the triangle pattern, it has the potential to reach targets between $0.16 and $0.22, provided that the buying pressure is sustained. 

DOGE 가격이 계속해서 삼각형 패턴의 모멘텀을 타고 있기 때문에 매수 압력이 지속된다면 $0.16에서 $0.22 사이의 목표에 도달할 가능성이 있습니다.

However, the immediate resistance at $0.105 could lead to a minor retracement. In such an event, DOGE holders might consider the 38.2% or 50% Fibonacci retracement levels as strategic points for setting stop-loss orders to mitigate risk.

DOGE Futures Open Interest Reaches $625 Million

DOGE 선물 미결제약정이 6억 2500만 달러에 도달

The dollar-denominated open interest in DOGE, which represents the total value involved in active futures and perpetual futures contracts, has experienced a significant surge. In just two weeks, this figure has climbed by $405% Million to $625 million, the highest recorded in over a year, as per the data from CoinGlass. Such a substantial increase in open interest, aligned with the ongoing recovery in the DOGE price, suggests growing investor confidence and interest in an asset.

• Average Directional Index: The ADX slope at 35% suggests that the buying momentum might be nearing exhaustion, indicating the possibility of a minor pullback.

평균 방향성 지수: 35%의 ADX 기울기는 매수 모멘텀이 거의 고갈될 수 있음을 시사하며 약간의 하락 가능성을 나타냅니다.

• Exponential Moving Averages: The ongoing recovery finds dynamic support from the 20-day and 50-day EMAs, which have provided a reliable safety net during pullbacks.

The post Dogecoin Price Prediction: What’s Ahead for $DOGE After 26% Weekly Surge? appeared first on CoinGape.

게시물 Dogecoin 가격 예측: 주간 26% 급등 이후 $DOGE의 향후 전망은 무엇입니까? CoinGape에 처음 등장했습니다.