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?

狗狗币价格预测：11 月 18 日，狗狗币价格见证了对称三角形形态阻力线的关键反转，该反转对近两年来的价格轨迹产生了重大影响。这一转变导致 Doge 价值下跌 18%，跌至 0.0706 美元的周低点。我们可以预期这种下降趋势会持续下去吗？

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

另请阅读：狗狗币鲸鱼活动上升，狗狗币价格升至 0.1 美元？

Dogecoin Price Prediction: Triangle Pattern Govern Price Behaviour

狗狗币价格预测：三角形模式控制价格行为

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

DOGE 价格不断上涨，供应压力在 0.085 美元附近。

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

50 日均线斜率继续充当动态支撑

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

狗狗币 24 小时交易量为 3.12 亿美元，下降 17%。

Source-Tradingview 

源交易视图

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. 

在最近加密货币市场的上涨中，狗狗币价格在 0.07 美元的心理重要水平找到了支撑。在过去的三天里，买家已经收回了 10% 的损失价值，使其达到 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. 

如果这种看涨势头持续下去，我们可能会看到进一步 10% 的上涨，可能挑战对称三角形的上趋势线 0.085 美元左右。从历史上看，每次遇到这条趋势线都会导致大幅下跌，通常会退回到三角形的较低趋势线。

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，该水平的潜在冲突可能会引发巨大的抛售压力，导致新出现的支撑趋势线（黑色）出现看跌逆转。跌破该点可能预示着更明显的调整，可能导致当前交易价格下跌 25%，达到下限。

Growth In the Dogecoin Addresses 

狗狗币地址的增长

Source- Intotheblock

来源-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.

该链上指标可作为区块链上网络实际利用率和用户活动的指标。本月新狗狗币地址的创建和活跃用户参与度显着上升，与代币价格回升同时发生。这种活动的激增可能是由最近的事态发展推动的，包括宣布计划于 12 月 23 日将实物狗狗币和比特币代币发送到月球。

• 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.

指数移动平均线：代币价格高于关键的 EMA（20、50,100 和 200）日 EMA，表明短期复苏已经到位。

• 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.

相对强弱指数：日线 RSI 位于 54.69 左右，反映了中性立场，但该指标的向下倾斜表明买盘动力减弱。

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

狗狗币价格预测暗示将上涨 10%，但有一个转折首先出现在 CoinGape 上。