Dogecoin's Cycle Peak Projected $8-10 By Top Trader Amid Pullback, But Here's Why You Should Be Careful
Dogecoin's Cycle Peak Projected $8-10 By Top Trader Amid Pullback, But Here's Why You Should Be Careful
"DOGE has just left the oversold zone and is now heading to the overbought zone, which is projected linearly at around $8 to $10," the analyst stated. "I consider this is the top of this cycle."Dogecoin (CRYPTO: DOGE) has taken a sharp U-turn this week amid the broader cryptocurrency market's decline, but that hasn't deterred optimists.
狗狗币（CRYPTO: DOGE）在本周经历了急剧的反转，尽管整个数字货币市场出现下滑，但这并没有打击乐观者。
What happened: The dog-themed meme coin has descended as much as 19% this week from the 7-day peak of $0.48. The downturn has been precipitated by Bitcoin's (CRYPTO: BTC) flash crash on Monday.
发生了什么：这款以狗为主题的表情币本周从7天前的峰值$0.48下跌了最多19%。下跌是由于比特币（CRYPTO: BTC）周一的闪电崩盘所导致的。
Widely followed cryptocurrency analyst Trader Tardigrade observed that DOGE was oscillating between the oversold and overbought zones on the macro chart and that the cycle top was still a long way away.
广受关注的数字货币分析师Trader Tardigrade观察到DOGE在宏观图上在超卖区和超买区之间波动，周期顶部仍然相距很远。
"DOGE has just left the oversold zone and is now heading to the overbought zone, which is projected linearly at around $8 to $10," the analyst stated. "I consider this is the top of this cycle."
“DOGE刚刚离开超卖区，现在正朝向超买区，这个区间线性预测约在$8到$10之间，”分析师表示。“我认为这是这个周期的顶部。”
Trader Tardigrade projected that after the top, DOGE could fall to the support zone of $0.8 to $1.8, which could be an entry point for the next cycle.
Trader Tardigrade预测，在顶部之后，DOGE可能会跌至$0.8到$1.8的压力位，这可能是下一个周期的入场点。
#Dogecoin has been bouncing between the Oversold and Overbought Zones on macro chart $Doge has just left the oversold zone and is now heading to the overbought zone, which is projected linearly at around $8 to $10.
— Trader Tardigrade (@TATrader_Alan) December 9, 2024
I consider this is the top of this cycle.
The next floor price... pic.twitter.com/LiOIuZaX63
#狗狗币在宏观图表上在超卖区和超买区之间反弹，$Doge刚刚离开超卖区，现在正朝向超买区，这个区间线性预测约在$8到$10之间。
— Trader Tardigrade (@TATrader_Alan) 2024年12月9日
我认为这是这个周期的顶部。
下一个地板价格… pic.twitter.com/LiOIuZaX63
Another technical analyst with a sizable X following Charting Guy projected that the DOGE's choppy movement would end in the next 10 days and the next breakout would propel it to all-time highs.
另一位拥有大量X粉丝的技术分析师Charting Guy预测，狗狗币的波动将于接下来的10天内结束，下一次突破将推动其达到历史新高。
"IMO, we are in the final moments to accumulate alts at decent prices; don't let the blood scare you, get greedy," the trader said.
这位交易者说：“在我看来，我们正处于以合理价格收集其他货币的最后时刻；不要让血腥吓到你，贪婪一点。”
$DOGE last cycle fractal update
— Charting Guy (@ChartingGuy) December 10, 2024
consolidation/chop should be over within 10 days or so if we continue to follow this
next move should take us to ATH
imo, we are in the final moments to accumulate alts at decent prices, don't let the blood scare you, get greedy pic.twitter.com/hkqDydCVGB
$DOGE上一个周期的分形更新
— Charting Guy (@ChartingGuy) 2024年12月10日
如果我们继续这样做，那么整合/波动将在大约10天内结束
下一次动作为我们带来历史新高
在我看来，我们正处于以合理价格收集其他货币的最后时刻，不要让血腥吓到你，贪婪一点 pic.twitter.com/hkqDydCVGB
See Also: Ark Invest's Cathie Wood Hails Bitcoin's $100K Climb As A 'Big Deal,' Labels Apex Crypto As Gold Substitute And Emerging Reserve Currency
另请参见：ARK的Cathie Wood称赞比特币的$10万攀升是一个'大事件'，并将这一顶级数字货币标记为黄金的替代品和新兴的储备货币。
Why It Matters: This bullish remark contradicted signals from some well-known technical indicators of the cryptocurrency.
这条看好的评论与一些著名的数字货币技术因子的信号相矛盾。
The Moving Average Convergence Divergence indicator flashed a "Sell" signal as of this writing, per data from TradingView.
据TradingView的数据，移动平均收敛发散（MACD）因子在撰写时闪烁了"卖出"信号。
The MACD compares two exponential moving averages of an asset's price to show the trend's momentum.
MACD比较资产价格的两个指数移动平均，以显示趋势的动能。
Similarly, the Momentum indicator, which compares the current price with the previous price from several periods ago, indicated a bearish sentiment.
同样，动量因子通过将当前价格与几期前的前期价格进行比较，显示了看淡的情绪。
In the last 24 hours, the balance of long-term DOGE holders declined by 0.88%, according to IntoTheBlock, suggesting that they were selling aggressively.
根据IntoTheBlock的数据，在过去的24小时内，长期持有狗狗币（DOGE）的余额下降了0.88%，这表明他们在积极卖出。
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.3901, down 3.38% in the last 24 hours, according to data from Benzinga Pro.
价格走势：根据Benzinga Pro的数据，在撰写时，狗狗币的交易价格为0.3901美元，在过去24小时内下跌了3.38%。
Image via Shutterstock
图片来自Shutterstock
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