Dogecoin ‘Terlihat Sangat Impulsif’ – Rasio DOGE/BTC Mengungkap Akumulasi yang Kuat

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To start off the new year, Dogecoin experienced a staggering 29% surge in local demand, grabbing the attention of investors and indicating resilience within the crypto market.

As the leader of the meme coin market, Dogecoin is currently testing critical resistance near the $0.40 level, which could determine its next move.

Recently, the well-known analyst Bluntz shared an in-depth analysis indicating that Dogecoin is currently in a strategic accumulation phase.

Bluntz, a popular analyst, recently discussed in detail how Dogecoin is experiencing a strategic accumulation stage.

According to Bluntz, this phase serves as the foundation for the upcoming aggressive surge in the next cycle, which potentially offers significant benefits for DOGE.

Accumulation phases like this often serve as a sign of impending explosive growth, particularly for assets backed by strong communities such as Dogecoin.

Soon, Doge will decide its fate as it attempts to breach the resistance level at $0.40. If successful, this could trigger a strong bullish rally, further solidifying its status as a market favorite.

Conversely, failing to break through this zone can cause short-term consolidation, delaying the anticipated price surge.

Dogecoin Menyiapkan Rally

Dogecoin has shown strong bullish price action since early November, defying market volatility and drawing investor attention. Despite a brief correction, the price of DOGE has recovered, suggesting potential for further growth in the future.

Presently, Bluntz is sharing a technical analysis on platform X (social media), which indicates an accumulation phase in the DOGE/BTC ratio.

According to this, the ratio is “still in the accumulation phase,” indicating that Dogecoin is preparing for a significant rally during this cycle.

With a confident air, he stated that it’s highly unlikely for Dogecoin to fail during this current bull run, reflecting his optimistic view towards this popular meme coin.

Although the prospects of Dogecoin look promising, there’s still risk involved. Volatility is a key characteristic of the cryptocurrency market, and Dogecoin is not an exception to this rule.

Beyond that, the broader global economic landscape also introduces uncertainty, with rising interest rates, inflation, and global economic pressure affecting investor sentiment. These factors can cause sharp price fluctuations for Dogecoin (DOGE).

For long-term investors, the accumulation phase of Dogecoin at present might offer an opportunity to enter the market before a potential breakout occurs.

However, careful approaches and risk management remain crucial, particularly given the unpredictable nature of the cryptocurrency market and global economic dynamics.

It’s important to be cautious and manage risks well, especially considering how volatile the crypto market can be and the constantly changing global economy.

If Dogecoin manages to break through its resistance level, this could validate the bullish thesis by Bluntz and strengthen its position as one of the top performers during this cycle.

Harga dalam Konsolidasi

Currently, Dogecoin is being traded at around $0.38 after encountering resistance at the $0.40 level. This level temporarily halted the upward momentum of DOGE, placing its price in a consolidation phase.

A sideways trading phase like this isn’t uncommon and can last for several days or even a week when the market is gathering strength for its next movement.

Such a side-to-side trading period isn’t rare and can persist for a few days or even a week as the market gathers momentum to make its next move.

Despite the dip, optimism remains high among investors and analysts. The level of $0.43 currently appears as a critical resistance for DOGE.

Even though there’s been a drop in price, both investors and experts remain hopeful. The price point of $0.43 is acting as a significant barrier for Dogecoin (DOGE).

If you manage to achieve a clean breakout on this level, the renewed bullish momentum could push Dogecoin to its highest levels in recent years or even create a new all-time high.

As a researcher, I am confident that this achievement will undoubtedly attract the attention of real estate investors and institutions alike, potentially fueling its ongoing upward movement.

However, the path forward isn’t without challenges. The broader sentiment of the market and wider crypto trends will play a significant role in determining if Dogecoin has the strength to move higher.

If the consolidation phase is accompanied by an increase in trading volume and strong buying support, a breakout scenario becomes increasingly likely.

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2025-01-06 04:17