Dogecoin has been on the radar of many top crypto analysts over the last few weeks because its indicators have been flashing bullish for the longest time. The meme coin has also not performed at the same level as some other altcoins, hence the widespread belief that it will see a delayed but explosive move. One of the analysts who envision a big blowout for the meme coin is Alan Santana who took to TradingView to share his bullish sentiment for the DOGE price.

Mapping Out The 6-Month Timeframe For Dogecoin

Dogecoin의 6개월 기간 계획

In the analysis that was posted on TradingView, crypto analyst Alan Santana put the Dogecoin price breakout on a six-month timeframe. According to Santana, this is a likely timeframe that the meme coin’s price will see the much-anticipated recovery. But what’s even more interesting is the price target that the analyst has set out for the altcoin.

There are three targets mapped out over this timeframe with each one higher than the last. The first target here is a 70% move up from its current price level that could bring the meme coin above $0.1 finally and as high as $0.136 for a start.

이 기간 동안 세 가지 목표가 계획되어 있으며 각 목표는 이전 목표보다 높습니다. 여기서 첫 번째 목표는 현재 가격 수준에서 70% 상승하여 밈 코인을 최종적으로 $0.1 이상으로, 처음에는 $0.136까지 올릴 수 있는 것입니다.

The next target from this 70% move lies just above $0.15. Hitting this target would mean DOGE’s price moves 94% from its present value, and this target is one that other analysts have expected Dogecoin to hit soon.

The last of the three targets is the mark above $0.18. This target is a 133% increase but is not exactly out of reach given that its previous all-time high is at $0.7. The analyst points toward the altcoin having a long-term higher low as the reason this is possible, saying “A higher high is possible.” Santana also opined that even this higher high “is still lower than the Nov. 2022 peak.”

Other technicals that point to a possible Dogecoin breakout is the Exponential Moving Average (EMA). Santana revealed that the price of DOGE is still trading safely above both its EMA200 and its EMA300, and with volume accumulating at this time, it is still early for Dogecoin.

Dogecoin 돌파 가능성을 가리키는 다른 기술은 지수 이동 평균(EMA)입니다. Santana는 DOGE의 가격이 여전히 EMA200과 EMA300보다 안전하게 거래되고 있으며 현재 볼륨이 누적되어 Dogecoin의 경우 아직 이르다고 밝혔습니다.

“While it is hard to see lower targets, the market underperforming… It is easy to see much, much higher and the market over-performing, blowing away all of our conservative expectations… It can happen,” the crypto analyst stated.

"더 낮은 목표를 보기는 어렵지만 시장은 저조한 성과를 보이고 있습니다... 훨씬 더 높고 시장이 초과 성과를 내는 것은 쉽게 볼 수 있으며 보수적인 기대를 모두 날려버리고 있습니다... 그런 일이 일어날 수 있습니다"라고 암호화폐 분석가는 말했습니다.

When Will DOGE Breakout?

In a follow-up post, the analyst analyzed the Dogecoin daily chart in a bid to determine if it was finally time for a correction in the DOGE price. The outcome of this was that the analyst did not believe that the DOGE price would begin to retrace, but there is always the possibility. Since the follow-up was posted, the DOGE price has since fallen from above $0.08 to $0.0769, suggesting a small retracement.

However, the analyst points out that the RSI remains strong, but has not been overbought, a good sign for the meme coin. Since the coin is also trading above the descending trend line, it maintains its bullish outlook.

그러나 분석가는 RSI가 여전히 강세를 유지하고 있지만 과매수 상태는 아니며 이는 밈 코인에 대한 좋은 신호라고 지적합니다. 해당 코인 역시 하락 추세선 위에서 거래되고 있기 때문에 강세 전망을 유지합니다.