The post DOGE Price Flights From 200D EMA, Eyes $0.090 appeared first on Coinpedia Fintech News

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With the market finding a fresh breath of recovery, the meme coins are ready for a comeback in February. Amongst the rising trends, the DOGE price trend showcases a quick reversal from the 200-day EMA and picks up momentum. 

隨著市場復甦，模因幣已準備好在二月捲土重來。在上漲趨勢中，DOGE 價格走勢顯示從 200 日均線的快速反轉，並呈現出上漲勢頭。

Teasing a conclusion to the pullback phase in the daily chart, the anticipations are high around Dogecoin for a quick upside move. 

日線圖上回檔階段即將結束，人們對狗狗幣快速上漲的預期很高。

Read our DOGE price prediction NOW to find out if Dogecoin will cross the $0.10 mark in 2024. 

立即閱讀我們的 DOGE 價格預測，了解狗狗幣是否會在 2024 年突破 0.10 美元大關。

Dogecoin’s W-shaped Comeback Eyes A Breakout Run

狗狗幣W型捲土重來，可望突破

Source: Tradingview

來源：Tradingview

Following the bullish failure to sustain above the 50-day EMA, the DOGE price faces a setback in retesting the 200-day EMA. The downfall resulted in a drop to $0.077 from the peak of $0.0877, a ~12% decline in market cap. 

在看漲未能維持在 50 日均線之上之後，DOGE 價格在重新測試 200 日均線時面臨挫折。此次下跌導致股價從 0.0877 美元的峰值跌至 0.077 美元，市值下降約 12%。

Currently, the Dogecoin shows a sideways to diagonal trend, ready to lift off from the 200-day EMA. Meanwhile, last night’s jump of 3.04%, making a bullish engulfing candle with a spike in trading volume, supports the possibility of reversal. 

目前，狗狗幣呈現橫盤至對角線趨勢，準備從 200 日均線上升。與此同時，昨晚上漲 3.04%，形成一根看漲吞沒蠟燭，交易量激增，支持了逆轉的可能性。

Hampering the upside move, the dynamic resistance of the 50-day EMA keeps the growth in check and leads to higher price rejection. As a result, a consolidation range forms between the two crucial average lines. Hence, an escape from either side can change the trajectory of the DOGE price trend. 

50 日均線的動態阻力阻礙了上行走勢，抑制了成長並導致更高的價格拒絕。結果，兩條關鍵平均線之間形成了盤整區間。因此，任何一方的逃離都可以改變 DOGE 價格趨勢的軌跡。

Technical indicators:

技術指標：

MACD Indicator: The bullish crossover between the MACD (blue line) and the signal line (orange line) suggests that the recovery trend for this asset is resurfacing. Buyers will gain further momentum if the indicator slopes rise above the midline, extending the ongoing bull run.

MACD 指標：MACD（藍線）和訊號線（橘線）之間的看漲交叉顯示該資產的復甦趨勢正在重新顯現。如果該指標斜率升至中線之上，從而延續當前的牛市，買家將獲得進一步的動力。

Will DOGE Price Reach $0.10?

DOGE 價格會達到 0.10 美元嗎？

Dogecoin gives an entry signal following a bullish reversal from the dynamic support to cross the 50% Fibonacci retracement level around $0.080. However, the immediate resistance of the downsloping 50-day EMA. A breakout above this dynamic resistance can carry the DOGE price higher to $0.090, potentially reaching the $0.10 mark. 

在動態支撐位出現看漲反轉並突破約 0.080 美元的 50% 斐波那契回檔位後，狗狗幣給出了入場訊號。然而，直接阻力是向下傾斜的 50 日均線。突破該動態阻力位可能會使 DOGE 價格上漲至 0.090 美元，有可能達到 0.10 美元大關。

On a contrary note, if the consolidation breaks below the 200D EMA, the altcoin may drop to $0.075.

相反，如果盤整跌破 200 天均線，山寨幣可能會跌至 0.075 美元。