You can also read this news on COINTURK NEWS: Dogecoin’s Price Patterns: Historical Cycles Indicate Potential Rally
您也可以在 COINTURK NEWS 上閱讀此新聞:狗狗幣的價格模式:歷史週期表明潛在的反彈
Historical models, while not predicting the future, are intriguing as they have repeated many times in the past. The price patterns we have seen in previous years do not necessarily have to repeat today. However, if this happens, we might see the start of the legendary Dogecoin rally in April. So, what do historical data tell us?
歷史模型雖然不能預測未來,但很有趣,因為它們在過去已經重複了很多次。我們前幾年看到的價格模式今天不一定會重複。然而,如果這種情況發生,我們可能會在四月看到傳奇的狗狗幣反彈的開始。那麼,歷史數據告訴我們什麼呢?
Dogecoin (DOGE) Cycle Chart
狗狗幣 (DOGE) 週期圖
Does history repeat itself? In crypto, it has the potential to because many investors take positions by following these patterns, and we inevitably see periods when the chart takes such a shape. Sometimes, however, we see these historical patterns fail to work, surprising everyone.
歷史會重演嗎?在加密貨幣領域,它有潛力,因為許多投資者都遵循這些模式來建倉,我們不可避免地會看到圖表呈現這種形狀的時期。然而,有時我們會看到這些歷史模式不起作用,這讓所有人感到驚訝。
The current chart reflects the patterns followed by the DOGE price in bull markets. In fact, there is also a cyclical appearance for DOGE here. Similar to Bitcoin halving charts but different. In December 2013, Dogecoin formed a falling wedge on the weekly chart. This was followed by a 679-day consolidation period and a surprising 8,773% bull market.
目前圖表反映了牛市中 DOGE 價格所遵循的模式。事實上,這裡DOGE也有周期性的出現。與比特幣減半圖表類似但有所不同。 2013 年 12 月,狗狗幣在周線圖上形成下降楔形。接下來是長達 679 天的盤整期和令人驚訝的 8,773% 牛市。
A similar formation also occurred between January 2018 and February 2019, and we saw an astonishing rally of 23,740%.
2018 年 1 月至 2019 年 2 月期間也出現了類似的形態,我們看到了 23,740% 的驚人漲幅。
Dogecoin (DOGE) 2024 Target
狗狗幣 (DOGE) 2024 年目標
Analysts say that a formation very similar to the one mentioned in the first section occurred between May 2021 and June 2022. As far as we know from the previous ones, this suggests that the price is pregnant with a major uptrend movement.
分析師表示,2021 年 5 月至 2022 年 6 月期間出現了與第一部分提到的非常相似的形態。根據我們從先前的形態來看,這表明價格正在孕育著重大的上升趨勢。
The consolidation phase after the falling wedge has been ongoing for a while. If historical data are to give us a glimpse of the future, and if the previous formation is to repeat this year, we are on the eve of a major uptrend movement.
下降楔形之後的盤整階段已經持續了一段時間。如果歷史數據能讓我們一睹未來,如果今年要重複先前的形態,那麼我們正處於重大上升趨勢的前夕。
The targeted end date for the current consolidation is in April, and after April 2024, the DOGE price needs to start an exciting rally. This also coincides with the Bitcoin halving period. Ali Martinez wrote;
目前盤整的目標結束日期是 4 月,2024 年 4 月之後,DOGE 價格需要開始令人興奮的反彈。這也恰逢比特幣減半期。阿里·馬丁內斯寫道;
“Dogecoin’s price movement seems to reflect the patterns observed in past bull markets. If history repeats itself, we might see DOGE enter a parabolic breakout around April.”
「狗狗幣的價格走勢似乎反映了過去牛市中觀察到的模式。如果歷史重演,我們可能會看到 DOGE 在四月左右進入拋物線突破。”
But the problem is that the cryptocurrency markets now have a very different environment than previous cycles. So, it may not be as easy as before for meme coins to catch another big hype, reaching the massive volumes of the past, instead of promising, technology-producing projects. If it happens, historical patterns talk about a new peak over three dollars.
但問題是,加密貨幣市場現在的環境與先前的週期截然不同。因此,模因幣可能不像以前那麼容易再一次大肆宣傳,達到過去的巨大數量,而不是有前途的技術生產項目。如果發生這種情況,歷史規律表明將出現超過 3 美元的新高峰。
However, the issue here is that the peak target calculated proportionally with the previous ones needs to be adjusted downwards as the market value increases. Otherwise, the altcoin would need to see a market value in the tens of trillions of dollars, which is not possible. Perhaps a more reasonable target should be growth of about 10% of the previous ones, like a 10x growth. This would mean the price reaching the dream target of one dollar.
但這裡的問題是,先前按比例計算的峰值目標需要隨著市值的增加而向下調整。否則,山寨幣的市值將需要達到數十兆美元,這是不可能的。也許更合理的目標應該是之前的成長10%左右,例如10倍的成長。這將意味著價格達到一美元的夢想目標。
The post first appeared on COINTURK NEWS: Dogecoin’s Price Patterns: Historical Cycles Indicate Potential Rally
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