Dogecoin price prediction: The meme coin euphoria is back with Dogecoin (DOGE) and Shiba Inu (SHIB) in the lead as investors book positions to capitalize on the pre-Christmas breakout.

Dogecoin 가격 예측: 투자자들이 크리스마스 전 브레이크아웃을 활용하기 위해 포지션을 예약함에 따라 Dogecoin(DOGE)과 Shiba Inu(SHIB)가 선두에 서서 밈 코인 행복감이 다시 돌아왔습니다.

It is as if the fear of missing out (FOMO) similar in bull markets has started to move prices, especially now that the hype around the potential approval of Bitcoin spot exchange-traded funds (ETFs) cooling down.

The bullish outlook starts with Bitcoin price which has broken above $44,000 for the first time this year. Ethereum price is also breaking out in tandem, with gains now above $2,300.

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Dogecoin Price Prediction: Can DOGE Break $0.1 Level?

Dogecoin 가격 예측: DOGE가 $0.1 수준을 돌파할 수 있습니까?

Dogecoin price is trading at $0.092 on Monday during US business hours, up 4% in 24 hours, 14% in a week, 23.7% in a fortnight, and 30% over the last 30 days, according to market data by CoinGecko.

CoinGecko의 시장 데이터에 따르면 Dogecoin 가격은 미국 영업 시간 동안 월요일에 0.092달러에 거래되고 있으며, 이는 24시간 만에 4%, 일주일 만에 14%, 2주 만에 23.7%, 지난 30일 동안 30% 상승한 수치입니다.

With higher support preferably above $0.92, the largest meme coin would be in a position to close the gap to $0.1, especially now that the Moving Average Convergence Divergence (MACD) indicator has reconfirmed a buy signal on the daily chart.

However, bulls will be put to the test as the price approaches the next significant resistance at $0.096. If the uptrend continues uninterrupted, then traders will continue to FOMO into the meme coin and intensify the tailwind for a breakout past $0.1.

그러나 가격이 $0.096의 다음 중요한 저항에 접근함에 따라 황소는 테스트를 받게 될 것입니다. 상승 추세가 중단 없이 계속된다면 트레이더들은 계속해서 밈 코인에 FOMO를 시도하고 0.1달러를 넘어서는 돌파를 위한 순풍을 강화할 것입니다.

In case of a trend correction, investors must refrain from panicking and selling out of fear of losing accrued gains. It is essential to remember that pullbacks are necessary for the continuation of the rally—they allow previously sidelined investors to DCA into the token while providing the required momentum to sustain the next breakout.

The Money Flow Index (MFI) accentuates the uptrend, suggesting that buyers are mainly in control. This indicator tracks the inflow and outflow volume of money in the market.

MFI(자금 흐름 지수)는 상승 추세를 강조하여 구매자가 주로 통제하고 있음을 나타냅니다. 이 지표는 시장에 돈이 유입되고 유출되는 양을 추적합니다.

Persistent growth in the MFI is a bullish signal. Therefore, in Dogecoin’s case with the MFI at 96.36, there’s a higher chance of the uptrend blasting past $0.1 than the meme coin slashing gains to test key support areas such as the upper dotted trendline, the 21-day Exponential Moving Average (EMA) (blue) at $0.0817 and the 50-day EMA (red) at $0.0759.

If push comes to shove and declines explode, Dogecoin would be forced to seek relief from the support at the 200-day EMA (purple) currently at $0.0714, and the lower dotted trendline around $0.07.

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The post Dogecoin Price Prediction As DOGE Skyrockets, Can It Continue To $0.1? appeared first on CoinGape.

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