The Dogecoin price is experiencing positive headwinds today after rising above the $0.08 level once more. This increase in price can be attributed to a number of things that have occurred over the last few days. However, the question remains of whether the DOGE price can continue this run to cross $0.09.

Why Is The Dogecoin Price Rising?

도지코인 가격이 상승하는 이유는 무엇입니까?

The most prominent reason behind the rise in the Dogecoin price can be traced back to general market bullishness. Despite the United States Securities and Exchange Commission (SEC) delaying its decision on the Spot Bitcoin ETFs, the market has been relentless and continued to push the Bitcoin price higher.

As the Bitcoin price crossed $38,000, it pulled the rest of the market with it and sent altcoins rallying. This time, DOGE saw better recovery patterns compared to Bitcoin, coming out with 5% gains compared to Bitcoin’s 2.5% gains in the same 24-hour period.

Furthermore, there have been positive developments in the Dogecoin community that have furthered this bullish narrative. The total holder base of DOGE finally crossed 5 million, showing a rise in support and demand for the meme coin.

게다가, Dogecoin 커뮤니티에서는 이러한 낙관적인 이야기를 더욱 발전시키는 긍정적인 발전이 있었습니다. DOGE의 총 보유자 수가 마침내 500만 명을 넘어섰고, 밈 코인에 대한 지지와 수요가 증가하는 모습을 보여주었습니다.

Last but not least on this lineup is the fact that the Dogecoin moon mission which has garnered a fair bit of attention has received approval from the National Telecommunications and Information Administration (NTIA). The mission called DOGE-1 which is being funded entirely in DOGE is being launched by Elon Musk’s led SpaceX. However, there is still no definite timeline for when the launch will happen.

마지막으로 이 라인업에서 중요한 것은 상당한 주목을 받고 있는 도지코인 문 미션이 NTIA(National Telecommunications and Information Administration)로부터 승인을 받았다는 사실입니다. DOGE에서 전적으로 자금을 조달하는 DOGE-1이라는 임무는 Elon Musk가 이끄는 SpaceX에 의해 시작되고 있습니다. 그러나 언제 출시될지에 대한 명확한 일정은 아직 정해지지 않았습니다.

Can DOGE Price Cross $0.09?

With the recent rise, the Dogecoin price is currently facing some resistance along the way to $0.09. Crypto analyst Ali Martinez shared an analysis on X (formerly Twitter) which shows the roadblocks that DOGE will have to mount to clear this target.

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Currently, the most significant resistance lies at the $0.087 level which the analyst explains is “marked by the convergence of the 0.786 Fibonacci level and both the 100-week and 200-week EMAs.” This was a similar hurdle that the meme coin faced the last time it rallied.

현재 가장 중요한 저항은 $0.087 수준에 있으며 분석가는 "0.786 피보나치 수준과 100주 및 200주 EMA가 수렴되는 것으로 표시됩니다"라고 설명합니다. 이것은 밈 코인이 지난 번 랠리를 펼쳤을 때 직면했던 것과 비슷한 장애물이었습니다.

However, if the Dogecoin price were to successfully clear this level, then there isn’t much resistance ahead. As Ali explains, “Breaking past this barrier could open the gates for #DOGE to nearly double its price, aiming for a target of $0.14.”

그러나 Dogecoin 가격이 이 수준을 성공적으로 클리어한다면 앞으로 큰 저항은 없을 것입니다. Ali가 설명했듯이 "이 장벽을 뛰어넘으면 #DOGE의 가격이 거의 두 배로 상승하여 목표 $0.14를 목표로 하는 문이 열릴 수 있습니다."

DOGE’s price, currently trading at $0.0809, is still a ways away from the $0.087 resistance. But if the Bitcoin price continues to climb as expected, it won’t be long until bulls are testing the resistance.

현재 $0.0809에 거래되고 있는 DOGE의 가격은 여전히 ​​$0.087 저항선과는 거리가 멀습니다. 그러나 비트코인 ​​가격이 예상대로 계속 상승한다면 황소가 저항을 테스트할 때까지는 그리 오래 걸리지 않을 것입니다.