Источник
Bitcoinist.com


Заголовок
Dogecoin’s Rally At Risk? Past Cycle Trends Points To A Potential Rejection


Дата
20241113


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принимавшие участие в анализе данного текста, а таким    - идентифицированные,
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Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin s Rally At Risk? Past Cycle Trends Points To A Potential Rejection Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin s Rally At Risk? Past Cycle Trends Points To A Potential Rejection by Godspower Owie 1 hour ago in Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin 0 A robust market optimism has triggered a bullish run for Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin as the dog-themed meme coin attracts notable price gains over many major cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта assets with an over 50% daily profit. While the coin has surged significantly over the past few days, a crypto analyst has predicted that the renewed upward strength may be poised for a rejection. Historical Trends Reoccuring For Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin In an important update for Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin investors and traders, Master Kenobi, a market expert and trader has warned of a potential rejection of Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin s recent price rally in the short term. The analyst s forecast is based on trends from the previous cycle, whereby DOGE encountered strong resistance after a similar upside movement. Related Reading: Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Completes Critical Textbook Golden Cross, Here’s What The Short-Term Holds Furthermore, his perspective suggests that without persistent bullish support, there is a possibility that the meme coin might witness the same price hurdles as the last cycle s rally , which could result in a brief correction or price consolidation. Master Kenobi believes a rejection in DOGE s upswing is probable as he anticipates a final major resistance at $0.33 before retesting its all-time high and the trend line at $0.40. It is worth noting that the decline is likely to be followed by a consolidation phase of roughly 1 to 2 weeks, as seen in the last bull cycle. This scenario would align perfectly with what we observed during the same period in the previous cycle, he added. DOGE set for a rejection based on past cycle | Source: Master Kenobi on X According to the market expert, the 91-day rectangle currently depicts an almost identical price trend to the past cycle . Due to this, Kenobi believes that history may be repeating itself, creating similar conditions for a breakout as indicated by the comparative pattern of initial rejection accompanied by a consolidation phase. Even though DOGE s past cycle performance indicates a pullback, the expert also highlighted that the likelihood of a continued upward trend is fueled by this fractal-like likeness, especially if crucial support levels remain firm after the impending rejection phase. Thus far, traders and investors are closely observing Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin s upbeat momentum for a possible correction in order to adjust their positions in light of consistent rising demand for the second-largest meme coin . The Next Few Weeks May Be Bumpy For DOGE Master Kenobi s insightful analysis aligns with crypto expert, Kevin s forecast, who has also pointed out a probable price correction for DOGE in the upcoming weeks after examining Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin s weekly golden cross formation. Related Reading: Analyst Reveals Why Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Could Reach $10 As Infamous Inverse Head And Shoulders Pattern Returns According to Kevin, the last time the meme coin formed a weekly golden cross, it experienced a surge of about 200% in the same week. However, in the next 3 weeks that followed, DOGE consolidated and saw a 50% correction. Fast forward to 4 years later, the meme coin is displaying the same cross and pump trend once more. Considering the development, Kevin believes that at this range it is logical that DOGE might witness a decent size correction or simply consolidate for a short time. DOGE trading at $0.39 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com

============= Итог:
3,5990 ; Экономика#Финансы#Платежные средства#Платежные системы интернета
	#Криптовалюта#Dogecoin