Dogecoin Price Prediction: The cryptocurrency market is likely witnessing a pre-halving consolidation, evidenced by a narrow range formation in Bitcoin. While a majority of major altcoins follow the same trend, the leading meme cryptocurrency, Dogecoin, showcased a notable upswing hitting a 27-month high of $0.228.
狗狗幣價格預測:加密貨幣市場可能會經歷減半前的盤整,比特幣的窄幅波動就證明了這一點。雖然大多數主要山寨幣都遵循相同的趨勢,但領先的迷因加密貨幣狗狗幣卻出現了顯著的上漲,觸及 0.228 美元的 27 個月高點。
However, the market is poised for a potential uptrend in the upcoming weeks as we approach April- the scheduled month for Bitcoin halving. Will this renewed market recovery push the DOGE price to the $0.3 milestone?
然而,隨著四月(比特幣預定減半月份)的臨近,市場預計在未來幾週內出現潛在的上漲趨勢。市場的重新復甦是否會將 DOGE 價格推至 0.3 美元的里程碑?
Also Read: Dogecoin Price Gains Momentum as Whales Dive In, Is $0.3 Next Stop?
另請閱讀:隨著鯨魚的湧入,狗狗幣價格獲得動力,0.3 美元是下一站嗎?
Rounding Bottom Pattern Sets DOGE For Prolong Rally
The Dogecoin price rebounded from its last correction in March’s fourth week as buyers suitable support at the 50-day EMA. The positive turnaround uplifted the asset from $0.122 to $0.21 high, registering 86% growth.
圓底形態使 DOGE 延長反彈Dogecoin 價格| Tradingview 由於買家在 50 日均線附近獲得合適的支撐,狗狗幣價格從 3 月第四周的最後一次調整中反彈。這一積極的轉變使該資產從 0.122 美元上漲至 0.21 美元高點,增加了 86%。
The rising price has also surpassed the last swing high of $0.192, providing buyers with the next stepping stone to prolong recovery. Amid the current consolidation trend in the market, the DOGE price sees a minor pullback of 8% in 72 hours currently trading at $0.21.
上漲的價格也超過了上次波動高點 0.192 美元,為買家提供了延長復甦的下一個墊腳石。在當前市場盤整趨勢中,DOGE 價格在 72 小時內小幅回檔 8%,目前交易價格為 0.21 美元。
With a market cap of $30.2 Billion, Dogecoin holds its position as the 8th largest cryptocurrency as per Coinmarketcap.
根據 Coinmarketcap,狗狗幣的市值為 302 億美元,是第八大加密貨幣。
However, an analysis of the higher time frame chart shows parabolic growth resembling the formation of a rounding bottom pattern. The chart pattern is often considered a sign of a downtrend bottoming and an opportunity for a new bull run to emerge.
然而,對較高時間框架圖表的分析顯示拋物線成長類似於圓底模式的形成。此圖表模式通常被認為是下降趨勢觸底的跡像以及新牛市出現的機會。
Should the crypto market exhibit a bullish response to the anticipated halving, in line with historical trends and investor expectations, Dogecoin’s price is likely to align with the bullish pattern formation.
狗狗幣價格|如果加密貨幣市場對預期減半表現出看漲反應,符合歷史趨勢和投資者預期,狗狗幣的價格可能會與看漲模式的形成一致。
With sustained buying, the current rally may chase a potential target of $0.3, followed by $0.35 and $0.448.
隨著持續的買盤,當前的反彈可能會追逐 0.3 美元的潛在目標,隨後是 0.35 美元和 0.448 美元。
Also Read: Top Analyst Predicts Bitcoin To Hit $75K, But There’s A Catch
另請閱讀:頂級分析師預測比特幣將達到 7.5 萬美元,但有一個問題
Technical Indicator
- Exponential Moving Average: A sharp upswing from the fast-moving 20-day EMA indicates a high momentum rally which usually favors breakout traders.
- Average Directional Index (ADX): The ADX slope at 41% indicates the overextended rally may need some pullbacks to regain strength.
技術指標指數移動平均線:從快速移動的 20 日均線急劇上升表明強勁的反彈勢頭,通常有利於突破交易者。平均方向指數 (ADX):ADX 斜率為 41%,表明過度的反彈可能需要一些回調恢復力量。