Dogecoin Price Prediction:  After overcoming the long-term correction phase for the entirety of 2023, Dogecoin price took a trend-reversal action with the October rally. Giving an overhead resistance trendline breakout in the weekly chart with the Uptober rally, the meme coin started a bullish frenzy. Starting the uptrend at $0.059 the buyers help DOGE leap off to the $0.10 psychological mark. 

With the momentum growing stronger, the DOGE price accounts for a 67% jump in the last eight weeks and approaches the next resistance at the $0.11 psychological zone. Will the dog-themed coin shoot past the resistance, or is a reversal looming at the corner?

모멘텀이 강해지면서 DOGE 가격은 지난 8주 동안 67% 상승했으며 $0.11 심리적 영역에서 다음 저항선에 접근합니다. 개를 주제로 한 코인이 저항선을 돌파할 것인가, 아니면 반전이 모퉁이에 다가올 것인가?

Also Read: Dogecoin (DOGE) Price Soars 10%, Vitalik Buterin Wants Twitter HQ In Switzerland

Is DOGE Heading to $0.12?

DOGE는 $0.12를 향하고 있나요?

• The DOGE price trend shows seven bullish candles in the last eight weeks, resulting in the ongoing breakout rally.
• The reversal rally surpasses the 200-week EMA and supports the bullish crossover with the 50-week EMA.

반전 랠리는 200주 EMA를 넘어섰고 50주 EMA와의 강세 교차를 뒷받침합니다.

• The intraday trading volume in Dogecoin is $846 Million, indicating a 31% loss.

In the last two months, the Dogecoin price has found an exponential increase in the trend momentum, resulting in a sharp reversal. Mostly making bullish candles, the meme coin finally reaches the $0.10 mark within eight weeks. 

Starting the week at $0.085, the DOGE pricr experienced a sharp boost as the overall market bounced back. The meme coin approaches the overhead resistance zone, leading to a 15% jump and reaching a 52-week high of $0.10645. 

In short, the momentum grows for meme coins with the trendline breakout and the overall market recovery. Currently, the Dogecoin trades at $0.0997 with an intraday gain of 1.12%.

즉, 추세선 돌파와 전반적인 시장 회복으로 밈 코인의 모멘텀이 커지고 있습니다. 현재 Dogecoin은 1.12%의 장중 상승률로 $0.0997에 거래되고 있습니다.

Dogecoin Ready For A Take-Off!

The Dogecoin (DOGE) recovery recently surpassing the $0.10 psychological level will bring notable changes in its market price. With a breakout rally, the meme coin will result in a brawl at the overhead resistance zone at $0.12. Further, the weekly chart signals a monumental breakout trend for Dogecoin if it exceeds $0.12 in 2024. 

최근 심리적 수준인 0.10달러를 넘어선 도지코인(DOGE)의 회복은 시장 가격에 눈에 띄는 변화를 가져올 것입니다. 돌파 랠리를 통해 밈 코인은 머리 위 저항 구역에서 0.12달러의 난투를 벌이게 됩니다. 또한, 주간 차트는 2024년에 Dogecoin이 0.12달러를 초과할 경우 기념비적인 돌파 추세를 나타냅니다.

• EMAs: An upswing in the market price drives the 50-week EMA on a positive track and teases a golden crossover with the 200-week EMA. 
• MACD: The MACD and signal lines continue the upside rally and gain momentum as the bullish histograms rise.

MACD: MACD와 신호선은 상승 랠리를 이어가고 강세 히스토그램이 상승하면서 모멘텀을 얻습니다.

The post Dogecoin Price Prediction: Key Resistance Breakout Hints 22% Rally Ahead appeared first on CoinGape.

Dogecoin 가격 예측: 주요 저항 돌파 힌트 22% 랠리가 CoinGape에 처음 등장했습니다.