Dogecoin

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Crypto analyst behind the Pingu Charts channel believes that Dogecoin (DOGE) may present a buying opportunity after testing a key support level. 
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The analyst points out that Dogecoin (<a href="https://crypto.news/price/dogecoin/">DOGE</a>) 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. 
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 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. <cite>Pingu Charts</cite>
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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. 
 You might also like: <a href="https://crypto.news/xrp-to-go-up-analyst-predicts-bullish-cycle-ahead/"> XRP to go up: analyst predicts bullish cycle ahead </a> 
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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. <cite>Pingu Charts</cite>
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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. 
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 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. <cite>Pingu Charts</cite>
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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. 
 Read more: <a href="https://crypto.news/abt-token-price-spikes-over-80-in-24-hour-trading/"> ABT token price spikes over 80% in 24 hour trading </a>

Buy Dogecoin, analyst says ‘no short opportunities’

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