Dogecoin Price Prediction: Amid the current uncertainty in the crypto market, the DOGE price witnessed a sharp reversal from the $0.087 peak, This pullback has tumbled the memcoin’s market value by 13.2% in the last 4 days currently trading at $0.077 mark. However, is this rejection a minor retracement or a change in traders’ sentiment?

Dogecoin 가격 예측: 현재 암호화폐 시장의 불확실성 속에서 DOGE 가격은 최고 $0.087에서 급격한 반전을 보였습니다. 이 하락으로 인해 현재 $0.077로 거래되고 있는 memcoin의 시장 가치가 지난 4일 동안 13.2% 하락했습니다. 그러나 이번 거부는 사소한 되돌림일까요, 아니면 트레이더들의 정서 변화일까요?

This Dog-themed is likely to remain in news highlights and on investors’ attention as it is set to land on Earth’s moon as per the recent announcement. On December 23, 2023, Astrobotic’s Peregrine spacecraft is scheduled to transport physical Dogecoin (DOGE) and Bitcoin (BTC) to the lunar surface.

Dogecoin Price Prediction: $DOGE Reverted from 700-days Resistance

Dogecoin 가격 예측: $DOGE가 700일 저항에서 복귀함

• A bearish reversal from the upper trendline of the triangle pattern sets the DOGE price for a 25% fall

삼각형 패턴의 상단 추세선에서 약세 반전이 발생하면 DOGE 가격이 25% 하락하게 됩니다.

• The current correction may find suitable support at $0.068

현재 조정은 $0.068에서 적절한 지원을 찾을 수 있습니다.

• The 24-hour trading volume in Dogecoin is $6.9 Million, indicating a 21% gain.

Source-Tradingview 

The weekly time frame chart shows the Dogecoin price has been trading sideways for over one-and-a-half years under the influence of a symmetrical triangle pattern. The DOGE price has rebounded several times from the upper and lower trendline offering dynamic resistance and support. 

On November 18, the coin price witnessed its latest reversal from the pattern’s upper trendline, which led to a sharp fall to the $0.0050689 mark. The historical data of this pattern shows every retest to the upper trendline has resulted in intensified selling pressure and a sharp fall toward the lower trend line. 

11월 18일, 코인 가격은 패턴의 상단 추세선에서 최근 반전을 목격했으며 이로 인해 $0.0050689 선까지 급락했습니다. 이 패턴의 과거 데이터는 상위 추세선을 다시 테스트할 때마다 매도 압력이 강화되고 하위 추세선이 급격히 하락한다는 것을 보여줍니다.

Thus, with sustained selling, the DOGE price is poised for a 25% drop and revisits the pattern’s lower trendline around the $0.056 mark. 

따라서 지속적인 매도를 통해 DOGE 가격은 25% 하락할 준비가 되어 있으며 $0.056 부근에서 패턴의 낮은 추세선을 다시 방문합니다.

While this near-term projection for this memecoin seems bearish, the coin holders may witness a prolonged sideways turn until the chart pattern is intact.

DOGE vs SHIB Performance

Source: Coingape| Dogecoin Vs Shiba Inu Price

출처: 코인에이프| Dogecoin 대 Shiba Inu 가격

The last three months’ price behavior indicates the leading memecoins, DOGE, and SHIB have enjoyed substantial gains during the October-November rally. However, closer inspection suggests that the current market uncertainties have more significantly impacted the Shiba Inu price, as it begins to show a pattern of lower highs, indicating the potential for a larger decline if market sentiment turns bearish.

• Average Directional Index: The ADX slope recently turned down from a peak of 44%, suggesting a waning of bullish momentum.
• Exponential Moving Average: The 200-day EMA, positioned around the $0.069 mark, provides a strong support zone.

지수 이동 평균: $0.069 근처에 위치한 200일 EMA는 강력한 지지 영역을 제공합니다.

The post Dogecoin Price Prediction: Why $DOGE is at Risk of 25% Fall appeared first on CoinGape.

Dogecoin 가격 예측: $DOGE가 25% 하락 위험에 처한 이유 게시물이 CoinGape에 처음 등장했습니다.