
Since the beginning of June, Dogecoin’s performance has been quite bearish as the largest dog-themed meme coin struggles to undergo a rally and recover the $0.20 price level.
自6月初以來,Dogecoin的表現一直很看跌,這是最大的以狗主題的模因硬幣來進行集會並恢復0.20美元的價格水平。
DOGE may be witnessing negative movements, but this period could be the calm before the storm, with several predictions about a major rally to uncharted territory emerging.
道門可能正在見證負面運動,但是這個時期可能是暴風雨前的平靜,有幾個關於向未知領域出現的重大集會的預測。
A Wild Ride For Dogecoin To A New High Ahead
Dogecoin的瘋狂騎行到新的高處
While Dogecoin is struggling to gain upward traction, this waning period could be the foundation to something big in the near future. Javon Marks, a crypto analyst and trader, has delved into the current price action, revealing that DOGE will experience a massive spike in this bull market cycle.
儘管Dogecoin正在努力獲得向上的牽引力,但這個衰落的時期可能是在不久的將來成為大事物的基礎。加密分析師兼交易員Javon Marks已深入研究當前的價格行動,表明Doge將在這個牛市市場週期中遇到巨大的激增。
The expert’s prediction is based on previous price trends that preceded a surge to a new all-time high and market top for the meme coin. After a period of prolonged consolidation within the 0 and 1 Fibonacci levels, DOGE appears to be exhibiting a similar trend, increasing its potential to undergo a major upward move this cycle to a new peak.
該專家的預測基於以前的價格趨勢,該趨勢是在新的歷史最高和市場上最高的市場趨勢之前的價格趨勢。在0和1斐波那契水平內的長時間合併一段時間之後,Doge似乎在表現出類似的趨勢,從而增加了其在此週期中大大向上移動到新峰的潛力。
Considering the reappearance of the bullish price trend, Javon Marks is confident that a similar result may unfold this cycle. This setup implies that Dogecoin has a high likelihood of witnessing a notable run, with the analyst putting his target at the $2.28 level.
考慮到看漲價格趨勢的重新出現,Javon Marks有信心,類似的結果可能會展現出這一周期。這種設置意味著Dogecoin很有可能見證了一場著名的奔跑,分析師將其目標定為2.28美元。
It is important to note that the $2.28 target is positioned at the 1.618 Fibonacci level, which DOGE has often met in each bull cycle. During the first bull cycle, the meme coin reached this point and surpassed it. The same was witnessed in the second bull cycle.
重要的是要注意,$ 2.28的目標定位在1.618斐波那契水平上,在每個公牛週期中,多奇經常達到。在第一個公牛週期中,模因硬幣達到了這一點並超過了它。在第二個公牛週期中也見證了這一點。
Given that Dogecoin has historically surpassed this level, it increases the chances of the trend repeating in this cycle. Thus, Javon Marks anticipates a continuation of the impending surge beyond the $2.28 milestone this bull cycle.
鑑於Dogecoin歷史上已經超過了這一水平,因此增加了該週期中趨勢重複的機會。因此,Javon Mark預測,即將到來的牛至2.28美元的里程碑,這將繼續進行。
Key Indicators Supporting DOGE’s Bullish Journey
支持Doge看漲之旅的主要指標
With bullish on-chain signals, technical setups, and improving market dynamics, Dogecoin is likely to rebound soon and rally strongly. João Wedson, a verified author and on-chain analyst, has outlined key indicators that signal robust fundamentals for DOGE to push higher.
隨著看漲的鏈上信號,技術設置和改善市場動態,Dogecoin很快就會反彈並強烈反彈。經過驗證的作者和鏈分析師JoãoWedson概述了關鍵指標,表明Doge強大的基本原理可以推高更高。
The first aspect to consider is the 500-day Aggregated Liquidation Level. During DOGE’s last major drop, this metric shows a huge amount of liquidity, valued at over $380 million, was caught in the $0.50 zone. “Historically, when shorts pile up, DOGE tends to accumulate and surge months later,” he added.
要考慮的第一個方面是500天的聚合清算水平。在Doge的最後一次大跌幅期間,該指標顯示了大量的流動性,價值超過3.8億美元,在0.50美元的區域中被捕。他補充說:“從歷史上看,當短褲堆積時,杜格傾向於積累並在幾個月後湧現。”
Wedson drew attention to the DOGE/BTC pair, which is now approaching critical support that is comparable to the setup before the 2021 rally, when Dogecoin attracted more interest than BTC. In addition, the Meme Index, which consists of the 16 biggest meme coins, exhibits early indications of recovery following a severe downturn.
韋德森(Wedson)提請注意Doge/BTC對,現在正在接近關鍵支持,該支持與2021 Rally之前的設置相當,當時Dogecoin吸引了比BTC更多的興趣。此外,由16個最大的模因硬幣組成的模因指數表現出嚴重衰退後恢復的早期跡象。
Lastly, Wedson has highlighted the notable growth of the overall meme coin market cap this cycle over the 2021 cycle. Despite this rise in market cap, meme coins’ Open Interest and daily volume are valued at $3.2 billion and $12 billion, respectively, which remains low compared to Bitcoin and Ethereum.
最後,韋德森(Wedson)強調了在2021年周期中整個模因硬幣市值的顯著增長。儘管市值增加了,但與比特幣和以太坊相比,模因硬幣的開放興趣和每日數量分別為32億美元和120億美元。
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