You can also read this news on COINTURK NEWS: Dogecoin’s Remarkable Surge as Crypto Market Consolidates
您也可以在 COINTURK NEWS 上閱讀此新聞:隨著加密貨幣市場整合,狗狗幣顯著飆升
Crypto currency market is witnessing a consolidation before the halving as proven by the narrow range formation in Bitcoin (BTC). While the majority of major altcoins are following the same trend, the leading cryptocurrency Dogecoin (DOGE) has exhibited a notable rise by reaching $0.228, its highest level in 27 months.
比特幣(BTC)的窄幅波動證明了加密貨幣市場在減半之前正在經歷盤整。雖然大多數主要山寨幣都遵循相同的趨勢,但領先的加密貨幣狗狗幣(DOGE)出現了顯著上漲,達到 0.228 美元,為 27 個月以來的最高水平。
Bitcoin Boost for DOGE
DOGE 的比特幣升值
As we approach April, the month planned for the Bitcoin halving, the market may be preparing for a potential uptrend in the coming weeks. Will the indicated market recovery push DOGE price to the pivotal $0.3 mark? Dogecoin’s price rebounded after the last correction in the fourth week of March, with buyers finding support at the 50-day EMA. The positive turnaround resulted in the token registering an 86% growth, climbing from $0.122 to $0.21.
隨著四月的臨近,即比特幣計畫減半的月份,市場可能正在為未來幾週的潛在上漲趨勢做準備。市場復甦是否會將 DOGE 價格推至關鍵的 0.3 美元關卡?狗狗幣的價格在 3 月第四周的最後一次調整後反彈,買家在 50 日均線處找到支撐。這一積極的轉變導致代幣增長了 86%,從 0.122 美元攀升至 0.21 美元。
The rising price also surpassed the previous peak of $0.192, providing buyers with the next step to extend the recovery. Amid the current market consolidation trend, DOGE price is seeing a minor 8% retreat within 72 hours, currently trading at the $0.21 level. Dogecoin maintains its position as the 8th largest cryptocurrency with a market value of $30.2 billion, according to the 21milyon.com website.
上漲的價格也超過了之前的峰值 0.192 美元,為買家提供了下一步延長復甦的機會。在當前的市場整合趨勢中,DOGE 價格在 72 小時內小幅回落 8%,目前交易價格為 0.21 美元。根據 21milyon.com 網站的數據,狗狗幣以 302 億美元的市值保持第八大加密貨幣的地位。
DOGE Price Analysis
DOGE價格分析
Furthermore, the analysis of the higher time frame chart indicates a parabolic growth resembling the formation of a rounded bottom. The chart pattern in Dogecoin can often be considered a sign of a bottom in a downtrend and an opportunity for the emergence of a new bull run.
此外,對較高時間框架圖表的分析顯示拋物線成長類似於圓底的形成。狗狗幣的圖表模式通常可以被視為下降趨勢觸底的標誌以及新牛市出現的機會。
The crypto currency market’s expected bullish response to the upcoming halving, in line with historical trends and investor expectations, suggests that Dogecoin’s price could align with the formation of an uptrend. Continuous buying could follow the current rise towards the potential target of $0.3, followed by $0.35 and $0.448. In conclusion, while the crypto currency market is in a consolidation process before the halving with Bitcoin’s narrow range formation, Dogecoin has shown a significant rise, reaching its highest level in 27 months. Dogecoin’s price is showing a potential uptrend towards a $0.3 target following the correction in the fourth week of March.
加密貨幣市場對即將到來的減半的預期看漲反應,符合歷史趨勢和投資者的預期,表明狗狗幣的價格可能與上升趨勢的形成一致。在當前上漲後,持續買盤可能會升至 0.3 美元的潛在目標,然後是 0.35 美元和 0.448 美元。綜上所述,雖然加密貨幣市場正處於減半前的盤整過程,比特幣窄幅震盪,但狗狗幣卻出現了大幅上漲,達到了 27 個月以來的最高水準。在 3 月第四週的調整之後,狗狗幣的價格顯示出潛在的上漲趨勢,接近 0.3 美元的目標。
The post first appeared on COINTURK NEWS: Dogecoin’s Remarkable Surge as Crypto Market Consolidates
該貼文首次出現在 COINTURK 新聞上:隨著加密貨幣市場的鞏固,狗狗幣的顯著飆升