Dogecoin Price Prediction:  On November 18,  the DOGE price witnessed a pivotal reversal from the resistance line of a symmetrical triangle pattern that has significantly influenced its price trajectory for nearly two years. This shift resulted in an 18% drop in Doge value, marking a weekly low of $0.0706. Can we expect this downward trend to persist?

狗狗幣價格預測：11 月 18 日，狗狗幣價格見證了對稱三角形形態阻力線的關鍵反轉，該反轉對近兩年來的價格軌跡產生了重大影響。這一轉變導致 Doge 價值下跌 18%，跌至 0.0706 美元的周低點。我們可以預期這種下降趨勢會持續下去嗎？

Also Read: Dogecoin Whale Activity on the Rise, DOGE Price to $0.1?

另請閱讀：狗狗幣鯨魚活動上升，狗狗幣價格升至 0.1 美元？

Dogecoin Price Prediction: Triangle Pattern Govern Price Behaviour

狗狗幣價格預測：三角形模式控制價格行為

• The rising DOGE price witnessed intense supply pressure around the $0.085 mark.

DOGE 價格不斷上漲，供應壓力在 0.085 美元附近。

• The 50-day EMA slope continues to act as dynamic support

50 日均線斜率持續充當動態支撐

• The 24-hour trading volume in Dogecoin is $312 Million, indicating a 17% decrease.

狗狗幣 24 小時交易量為 3.12 億美元，下降 17%。

Source-Tradingview 

來源交易視圖

Amidst a recent uptick in the cryptocurrency market, Dogecoin price found support at the psychologically significant level of $0.07. Over the past three days, buyers have recovered 10% of lost value, bringing it to $0.0777. 

在最近加密貨幣市場的上漲中，狗狗幣價格在 0.07 美元的心理重要性水平找到了支撐。在過去的三天裡，買家已經收回了 10% 的損失價值，使其達到 0.0777 美元。

If this bullish momentum continues, we could see a further 10% increase, potentially challenging the upper trendline of the symmetrical triangle at around $0.085. Historically, each encounter with this trendline has led to a substantial drop, often retreating to the triangle’s lower trendline. 

如果這種看漲勢頭持續下去，我們可能會看到進一步 10% 的上漲，可能挑戰對稱三角形的上趨勢線約 0.085 美元。從歷史上看，每次遇到這條趨勢線都會導致大幅下跌，通常會退回到三角形的較低趨勢線。

Hence, a potential clash at this level might incite substantial selling pressure, leading to a bearish reversal to the new emerging support trendline(black). A breach below this point could signal a more pronounced correction, possibly resulting in a 25% decline from the current trading price to reach the lower boundary.

因此，該水平的潛在衝突可能會引發巨大的拋售壓力，導致新出現的支撐趨勢線（黑色）出現看跌逆轉。跌破該點可能預示著更明顯的調整，可能導致當前交易價格下跌 25%，達到下限。

Growth In the Dogecoin Addresses 

狗狗幣地址的增長

Source- Intotheblock

來源-Intotheblock

This on-chain metric serves as an indicator of the network’s actual utilization and activity of users on the blockchain. This month has seen a notable uptick in the creation of new Dogecoin addresses and active user engagement, coinciding with the token’s price recovery. This surge in activity is likely spurred by recent developments, including the announcement of physical Dogecoin and Bitcoin tokens scheduled to be sent to the moon on December 23rd.

此鏈上指標可作為區塊鏈上網路實際利用率和用戶活動的指標。本月新狗狗幣地址的創建和活躍用戶參與度顯著上升，與代幣價格回升同時發生。這種活動的激增可能是由最近的事態發展推動的，包括宣布計劃於 12 月 23 日將實體狗狗幣和比特幣代幣發送到月球。

• Exponential Moving Averages: The coin price above the crucial EMAs(20, 50,100. and 200) day EMA, suggesting that the short-term recovery is in place.

指數移動平均線：代幣價格高於關鍵的 EMA（20、50,100 和 200）日 EMA，顯示短期復甦已經到位。

• Relative Strength Index: The daily RSI around 54.69 reflects a neutral stance, however, the downward slope on the indicator, hints at a decrease in buying momentum.

相對強弱指數：日線 RSI 位於 54.69 左右，反映了中性立場，但該指標的向下傾斜表明買盤動力減弱。

The post Dogecoin Price Prediction Hints 10% Jump Ahead, But There a Twist appeared first on CoinGape.

狗狗幣價格預測暗示將上漲 10%，但有一個轉折首先出現在 CoinGape 上。