Bear markets have been exhausting cryptocurrency investors for nearly 2 years now, and it seems like they will never end. After struggling to surpass the $26,800 level and turning it into support, the price of BTC has once again dropped below it. The $28,300 resistance was challenging, and there are many things happening around the world that are negatively affecting risk markets. So, how is the meme coin king doing?

약세장은 현재 거의 2년 동안 암호화폐 투자자들을 지치게 해왔고 앞으로도 끝나지 않을 것 같습니다. 26,800달러 수준을 넘어서는 데 어려움을 겪고 이를 지지선으로 전환한 후 BTC 가격은 다시 한 번 그 아래로 떨어졌습니다. 28,300달러의 저항은 도전적이었고 전 세계적으로 위험 시장에 부정적인 영향을 미치는 많은 일들이 일어나고 있습니다. 그럼 밈코인왕은 잘 지내시나요?

Dogecoin (DOGE)

도지코인(DOGE)

DOGE price is currently finding buyers at $0.0577. The inflation data today was bad, and Fed members are saying that interest rates will be kept at their peak for a long time. So, Fed won’t allow cryptocurrencies to breathe until the first half of 2024. With Ukraine, Serbia, Syria, and the possibility of a conflict between Palestine and Israel, all short-term predictions and analyses seem to be futile.

On October 9th, the DOGE price lost its horizontal support level. The bulls, who had been holding $0.06 since June 10th, couldn’t resist the chaos any longer. Additionally, DOGE has been following a downward sloping resistance trendline for weeks. These two levels present us with a descending triangle formation that signals a bearish move.

10월 9일 DOGE 가격은 수평적 지지 수준을 잃었습니다. 6월 10일부터 0.06달러를 보유하고 있던 상승세는 더 이상 혼란에 저항할 수 없었습니다. 또한 DOGE는 몇 주 동안 하향 저항 추세선을 따라 왔습니다. 이 두 수준은 약세 움직임을 나타내는 하강 삼각형 형성을 보여줍니다.

The Future and Price Prediction of DOGE

DOGE의 미래와 가격 예측

Since August 17th, DOGE has been lingering at such low levels for the first time. It had dropped to $0.055 at that time as well. The RSI on the daily chart supports the bearish scenario. As we mentioned before, $0.055 and $0.05 have come into focus. The readings on the weekly chart are not different from what we have described.

If DOGE, which is trading within the descending triangle, experiences a clear breakdown, the price could drop to $0.02. This level, which we previously warned as the bottom area, has become a more likely option after recent developments.

하강 삼각형 내에서 거래되는 DOGE가 확실한 붕괴를 겪을 경우 가격은 $0.02까지 하락할 수 있습니다. 이전에 하단 영역으로 경고했던 이 수준은 최근 개발 이후 더 가능성 있는 옵션이 되었습니다.

So, is there anything good for DOGE? If we see a strong bounce from $0.057, it could rally up to $0.07. But is this possible while the Middle East conflict continues to pose a growth risk and BTC has lost its $26,800 support? Cryptocurrencies are full of surprises. However, it seems that what has happened in the past 2 years has also affected adrenaline junkie crypto millionaires who love surprises. SBF, Zhu, and most of the names triggering volatility are in prison.

The short-term outlook is negative, and it seems to continue like this until BTC makes a nice surprise.

단기 전망은 부정적이며 BTC가 깜짝 놀랄 일을 할 때까지 이대로 계속되는 것 같습니다.

계속 읽기: https://en.coin-turk.com/the-future-and-predictions-of-dogecoin-doge-in-the-current-bear-market/