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.
狗狗幣（數字貨幣：DOGE）在本週大幅回落，儘管整個數字貨幣市場正在下跌，但這一點也沒有動搖樂觀者的信心。
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.
發生了什麼：這枚以狗爲主題的迷因幣本週從7天的高點$0.48下跌了近19%。此次下降是由於比特幣（數字貨幣：BTC）在週一的閃電崩盤所引發的。
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.
被廣泛關注的數字貨幣分析師Trader Tardigrade觀察到，狗狗幣在宏觀圖表的超賣和超買區域之間波動，週期高點仍然相距甚遠。
"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."
分析師表示：「狗狗幣剛剛離開超賣區，現在正朝着超買區前進，預計將在$8到$10之間線性增長。」 「我認爲這是這個週期的頂點。」
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預測，在達到頂點後，狗狗幣可能會跌至$0.8到$1.8的支撐區，這可能是下一個週期的入場點。
#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
#狗狗幣在宏觀圖表中在超賣和超買區之間波動，狗狗幣剛剛離開超賣區，現在正朝着超買區前進，預計將在$8到$10之間線性增長。
— Trader Tardigrade (@TATrader_Alan) 2024年12月9日
我認爲這是這個週期的頂點。
下一個底價... 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.
另一位在Twitter上有不少粉絲的技術分析師Charting Guy預測，狗狗幣的震盪走勢將在接下來的10天內結束，下一次突破將使其達到歷史新高。
"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.
「在我看來，我們正處於積累其他幣種的最後時刻，價格很不錯；不要被血腥嚇倒，要貪婪，」這位交易者說。
$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上一個週期的分形更新
— Charting Guy (@ChartingGuy) 2024年12月10日
如果我們繼續遵循這個，整理/震盪應該在大約10天內結束
下一次的移動應該會帶我們達到歷史新高
在我看來，我們正處於積累其他幣種的最後時刻，價格很不錯，不要被血腥嚇倒，要貪婪 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
另請參見：ARK的Cathie Wood稱讚比特幣的$10萬攀升是一個'大事件'，並將這一頂級數字貨幣標記爲黃金的替代品和新興的儲備貨幣。
Why It Matters: This bullish remark contradicted signals from some well-known technical indicators of the cryptocurrency.
這個看好的評論與一些知名的數字貨幣技術因子發出的信號相矛盾。
The Moving Average Convergence Divergence indicator flashed a "Sell" signal as of this writing, per data from TradingView.
根據TradingView的數據，移動平均收斂擴散指標在撰寫時發出了「賣出」信號。
The MACD compares two exponential moving averages of an asset's price to show the trend's momentum.
MACD比較了資產價格的兩個指數移動平均線，以顯示趨勢的動能。
Similarly, the Momentum indicator, which compares the current price with the previous price from several periods ago, indicated a bearish sentiment.
同樣，動量指標將當前價格與若干時間前的前一價格進行比較，顯示出看淡的情緒。
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.
在過去的24小時內，根據IntoTheBlock的數據，長期狗狗幣持有者的餘額下降了0.88%，這表明他們在積極賣出。
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.
價格動態：在撰寫時，狗狗幣的交易價格爲$0.3901，過去24小時內下跌了3.38%，根據Benzinga Pro的數據。
Image via Shutterstock
圖片來自Shutterstock
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