Dogecoin Price Prediction: Amid the current uncertainty in the crypto market, the DOGE price witnessed a sharp reversal from the $0.087 peak, This pullback has tumbled the memcoin’s market value by 13.2% in the last 4 days currently trading at $0.077 mark. However, is this rejection a minor retracement or a change in traders’ sentiment?
狗狗幣價格預測:在當前加密貨幣市場的不確定性中,狗狗幣價格從0.087 美元的峰值急劇逆轉,這種回調使memcoin 的市值在過去4 天裡下跌了13.2%,目前交易價格為0.077 美元。然而,這種拒絕是小幅回檔還是交易者情緒的改變?
This Dog-themed is likely to remain in news highlights and on investors’ attention as it is set to land on Earth’s moon as per the recent announcement. On December 23, 2023, Astrobotic’s Peregrine spacecraft is scheduled to transport physical Dogecoin (DOGE) and Bitcoin (BTC) to the lunar surface.
根據最近的公告,這種以狗為主題的飛機可能會繼續出現在新聞亮點和投資者的關注中,因為它即將登陸月球。 2023 年 12 月 23 日,Astrobotic 的 Peregrine 太空船計畫將實體狗狗幣 (DOGE) 和比特幣 (BTC) 運送到月球表面。
Dogecoin Price Prediction: $DOGE Reverted from 700-days Resistance
狗狗幣價格預測:$DOGE 從 700 天阻力位恢復
- A bearish reversal from the upper trendline of the triangle pattern sets the DOGE price for a 25% fall
- The current correction may find suitable support at $0.068
- The 24-hour trading volume in Dogecoin is $6.9 Million, indicating a 21% gain.
三角形形態上部趨勢線的看跌反轉導致 DOGE 價格下跌 25%
目前的修正可能會在 0.068 美元找到合適的支撐
狗狗幣 24 小時交易量為 690 萬美元,漲幅為 21%。
Source-Tradingview
來源交易視圖
The weekly time frame chart shows the Dogecoin price has been trading sideways for over one-and-a-half years under the influence of a symmetrical triangle pattern. The DOGE price has rebounded several times from the upper and lower trendline offering dynamic resistance and support.
每週時間框架圖表顯示,在對稱三角形模式的影響下,狗狗幣價格已經橫盤交易了一年半以上。 DOGE 價格已從提供動態阻力和支撐的上下趨勢線多次反彈。
On November 18, the coin price witnessed its latest reversal from the pattern’s upper trendline, which led to a sharp fall to the $0.0050689 mark. The historical data of this pattern shows every retest to the upper trendline has resulted in intensified selling pressure and a sharp fall toward the lower trend line.
11 月 18 日,代幣價格見證了該模式上方趨勢線的最新逆轉,導致價格大幅下跌至 0.0050689 美元大關。該形態的歷史數據表明,每次重新測試上趨勢線都會導致拋售壓力加劇,並急劇跌向下趨勢線。
Thus, with sustained selling, the DOGE price is poised for a 25% drop and revisits the pattern’s lower trendline around the $0.056 mark.
因此,隨著持續拋售,DOGE 價格預計將下跌 25%,並重新回到該模式的較低趨勢線 0.056 美元附近。
While this near-term projection for this memecoin seems bearish, the coin holders may witness a prolonged sideways turn until the chart pattern is intact.
雖然這種迷因幣的近期預測似乎看跌,但代幣持有者可能會見證長期的橫盤走勢,直到圖表模式完好無損。
DOGE vs SHIB Performance
DOGE 與 SHIB 性能對比
Source: Coingape| Dogecoin Vs Shiba Inu Price
來源:Coingape|狗狗幣與柴犬價格
The last three months’ price behavior indicates the leading memecoins, DOGE, and SHIB have enjoyed substantial gains during the October-November rally. However, closer inspection suggests that the current market uncertainties have more significantly impacted the Shiba Inu price, as it begins to show a pattern of lower highs, indicating the potential for a larger decline if market sentiment turns bearish.
過去三個月的價格行為表明,領先的 memecoin、DOGE 和 SHIB 在 10 月至 11 月的上漲期間獲得了大幅上漲。然而,仔細觀察發現,當前市場的不確定性對柴犬價格的影響更為顯著,因為它開始呈現出高點下移的格局,這表明如果市場情緒轉為看跌,則可能出現更大的下跌。
- Average Directional Index: The ADX slope recently turned down from a peak of 44%, suggesting a waning of bullish momentum.
- Exponential Moving Average: The 200-day EMA, positioned around the $0.069 mark, provides a strong support zone.
平均方向指數:ADX 斜率最近從 44% 的峰值下降,顯示看漲勢頭減弱。
指數移動平均線:200 日均線位於 0.069 美元附近,提供了強大的支撐區域。
The post Dogecoin Price Prediction: Why $DOGE is at Risk of 25% Fall appeared first on CoinGape.
狗狗幣價格預測:為什麼 $DOGE 面臨 25% 下跌風險會先出現在 CoinGape 上。