Crypto analyst behind the Pingu Charts channel believes that Dogecoin (DOGE) may present a buying opportunity after testing a key support level.

Pingu Charts 채널의 암호화폐 분석가는 Dogecoin(DOGE)이 주요 지원 수준을 테스트한 후 구매 기회를 제공할 수 있다고 믿습니다.

The analyst points out that Dogecoin (DOGE) recently found support near $0.088 after a steep sell-off. This created a V-shaped recovery, with the price bouncing sharply off the support zone.

분석가는 Dogecoin(DOGE)이 최근 급격한 매도 이후 0.088달러 근처의 지지를 찾았다고 지적합니다. 이로 인해 가격이 지지대에서 크게 벗어나는 V자형 회복이 이루어졌습니다.

You can see that Doge, of course, had a very nice V-shaped recovery. Of course, the bulls did come in after we were in extreme oversold condition.

Pingu Charts

Pingu Charts

The analyst believes the move back above DOGE’s short-term exponential moving averages (EMAs) is a positive sign. He views these EMAs as potential support levels for another move higher.

분석가는 DOGE의 단기 지수 이동 평균(EMA) 위로 되돌아가는 것이 긍정적인 신호라고 믿습니다. 그는 이러한 EMA를 또 다른 상승을 위한 잠재적인 지지 수준으로 봅니다.

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As long as we hold above these exponential moving averages, we are not looking for any sort of swing shorting positions, and dip opportunities are buying opportunities.

Pingu Charts

Pingu Charts

MeCharts has a price target of 11 cents for DOGE soon. This level aligns with resistance on the crypto asset’s chart. A decisive move above it could signal a broader breakout from the recent trading range.

MeCharts는 곧 DOGE의 가격 목표를 11센트로 설정했습니다. 이 수준은 암호화폐 차트의 저항과 일치합니다. 이 수준을 넘어서는 결정적인 움직임은 최근 거래 범위에서 더 넓은 돌파를 나타낼 수 있습니다.

If we do end up seeing that breakout formation, we are still focusing on 11 cents. I told you guys this multiple times. The fact that as long as Doge can hold above 0.088, we are not looking for any sort of swing short opportunities.

Pingu Charts

Pingu Charts

The crypto trading expert also verifies the analysis of DOGE’s daily timeframe. The cryptocurrency continues trading above its EMAs on the daily chart, with buyers defending support.

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더 읽어보기: ABT 토큰 가격이 24시간 거래에서 80% 이상 급등했습니다.