An analyst has explained how Dogecoin breaking the $0.087 barrier could open the path to DOGE price levels nearly double the recent ones.

한 분석가는 Dogecoin이 어떻게 $0.087 장벽을 허물고 DOGE 가격 수준이 최근 수준보다 거의 두 배에 달하는 경로를 열 수 있는지 설명했습니다.

Dogecoin Has Three Important Lines Converging At $0.087 Right Now

In a new post on X, analyst Ali has discussed what the weekly chart of DOGE is looking like right now in terms of some important historical lines. In particular, the levels of interest here are the 100-week EMA, 200-week EMA, and 0.786 Fibonacci.

X의 새 게시물에서 분석가 Ali는 몇 가지 중요한 역사적 선의 측면에서 현재 DOGE의 주간 차트가 어떤 모습인지 논의했습니다. 특히 여기서 관심을 두는 수준은 100주 EMA, 200주 EMA, 0.786 피보나치입니다.

A “moving average” (MA) refers to an analytical tool that calculates the mean of any given quantity over a specific period of time, and as its name implies, it moves in time and changes its value as the quantity fluctuates.

This basic tool is quite useful as it smooths out the curve by removing local fluctuations, making a study of long-term trends easier to perform. In the context of the current topic, though, a normal MA isn’t of focus, but rather a modified form called the exponential moving average (EMA).

이 기본 도구는 국지적 변동을 제거하여 곡선을 매끄럽게 하고 장기 추세에 대한 연구를 더 쉽게 수행할 수 있도록 해주기 때문에 매우 유용합니다. 그러나 현재 주제의 맥락에서는 일반 MA가 아니라 지수 이동 평균(EMA)이라는 수정된 형태에 중점을 둡니다.

The EMA works like the usual MA, except it places a greater weight on the most recent readings of the quantity. What this means is that the older the reading, the less weightage it has in the metric, so the line’s changes reflect the latest price direction more strongly.

Now, here is a chart that shows the trend in the 100-week and 200-week EMAs for Dogecoin, as well as the weekly price curve of the meme coin:

이제 다음은 Dogecoin의 100주 및 200주 EMA 추세와 밈 코인의 주간 가격 곡선을 보여주는 차트입니다.

As is visible from the above graph, these two Dogecoin EMAs have approached each other recently and have converged into a narrow range around the $0.087 level.

In the past, these two EMAs of the cryptocurrency have posed resistance to the price and it appears that the weekly chart of Dogecoin has been struggling with them again, as it has been finding rejection here during the past three weeks.

과거에 암호화폐의 이 두 EMA는 가격에 대한 저항을 제기했으며 지난 3주 동안 여기에서 거부를 발견하면서 Dogecoin의 주간 차트가 다시 어려움을 겪고 있는 것으로 보입니다.

These two lines aren’t the only ones converging near $0.087, however; it would appear that the 0.786 Fibonacci level is doing the same. The Fibonacci levels listed in the chart are some ratios derived from the famous Fibonacci series.

In this series, dividing any number (except for the first few) by its succeeding number always gives a ratio of about 0.618. The square root of this number is 0.786, which is the level the analyst has marked here.

이 계열에서 임의의 숫자(처음 몇 개 제외)를 다음 숫자로 나누면 항상 약 0.618의 비율이 제공됩니다. 이 숫자의 제곱근은 0.786이며, 이는 분석가가 여기에서 표시한 수준입니다.

Dogecoin thus has a major wall at $0.087, made up of the convergence of all these historically significant lines. “Breaking past this barrier could open the gates for DOGE to nearly double its price, aiming for a target of $0.14,” explains the analyst.

DOGE Price

Dogecoin has observed a surge back above the $0.080 mark during the past day, as the below chart shows. It now remains to be seen if the coin will go on to retest this $0.087 level that might be so crucial for the coin.

Dogecoin은 아래 차트에서 볼 수 있듯이 지난 하루 동안 $0.080 이상으로 급등하는 것을 관찰했습니다. 이제 코인이 코인에 매우 중요할 수 있는 이 $0.087 수준을 다시 테스트할 것인지는 지켜봐야 합니다.