You can also read this news on COINTURK NEWS: Dogecoin’s Remarkable Surge as Crypto Market Consolidates
您还可以在 COINTURK NEWS 上阅读此新闻:随着加密货币市场整合,狗狗币显着飙升
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.
比特币(BTC)的窄幅波动证明了加密货币市场在减半之前正在经历盘整。虽然大多数主要山寨币都遵循相同的趋势,但领先的加密货币狗狗币(DOGE)却出现了显着上涨,达到 0.228 美元,为 27 个月以来的最高水平。
Bitcoin Boost for DOGE
DOGE 的比特币升值
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.
随着四月的临近,即比特币计划减半的月份,市场可能正在为未来几周的潜在上涨趋势做准备。市场复苏是否会将 DOGE 价格推至关键的 0.3 美元关口?狗狗币的价格在 3 月第四周的最后一次调整后反弹,买家在 50 日均线处找到支撑。这一积极的转变导致代币增长了 86%,从 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.
上涨的价格也超过了之前的峰值 0.192 美元,为买家提供了下一步延长复苏的机会。在当前的市场整合趋势中,DOGE 价格在 72 小时内小幅回落 8%,目前交易价格为 0.21 美元。根据 21milyon.com 网站的数据,狗狗币以 302 亿美元的市值保持第八大加密货币的地位。
DOGE Price Analysis
DOGE价格分析
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,对较高时间框架图表的分析表明抛物线增长类似于圆底的形成。狗狗币的图表模式通常可以被视为下降趋势触底的标志以及新牛市出现的机会。
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.
加密货币市场对即将到来的减半的预期看涨反应,符合历史趋势和投资者的预期,表明狗狗币的价格可能与上升趋势的形成保持一致。在当前上涨后,持续买盘可能会升至 0.3 美元的潜在目标,然后是 0.35 美元和 0.448 美元。综上所述,虽然加密货币市场正处于减半前的盘整过程,比特币窄幅震荡,但狗狗币却出现了大幅上涨,达到了 27 个月以来的最高水平。在 3 月第四周的调整之后,狗狗币的价格显示出潜在的上涨趋势,接近 0.3 美元的目标。
The post first appeared on COINTURK NEWS: Dogecoin’s Remarkable Surge as Crypto Market Consolidates
该帖子首次出现在 COINTURK 新闻上:随着加密货币市场的巩固,狗狗币的显着飙升