Bull Flag Formation Puts Dogecoin Price As High As $2.15 This Cycle
cryptocurrency analyst tardigrade merchant Highlighting the bullish pattern forming on the Dogecoin price chart. Based on this pattern, analysts predict that Dogecoin price could reach as high as $2.15 during this market cycle.
Bull Flag Sets Dogecoin Price Target at $2.15
in a X poststrader Tardigrade reveals a bull flag pattern forming on the DOGE daily chart. There is tight integration internally, he said. bull flag. The analyst added that Long Flagstaff expects Dogecoin to have a price target of $2.15. Interestingly, the chart he attached suggests that a rally to this target could occur before the end of the year.
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The price of Dogecoin may be ready for this rise. In another X post, Trader Tardigrade said that a possible Dogecoin scenario has been raised double bottom Chart mode. He added that DOGE has formed two identical lows with resistance at the neckline, around $0.46.
Meanwhile, cryptocurrency analysts also recently stated that the price of Dogecoin has gained more purchasing power bullish crossover Moving Average Convergence/Divergence (MACD). His analysis suggests that Dogecoin could break through the $0.46 resistance and rebound to around $0.5 during the next phase of the Doge bull run.
According to the bull flag on the Dogecoin price chart, this rally to $0.5 may be just the beginning of an expected rally to $2.15. It is worth mentioning that Trader Tardigrade has previously made more optimistic predictions for Dogecoin in this market cycle. The analyst predicted that DOGE could reach highs of $30 this cycle, while recommending that market participants start taking profits around $10.
What the next move might look like
cryptocurrency analyst Chris Parks Provides insights into where Dogecoin price may go next. He said that based on a double bottom pattern on the DOGE chart, fractals of past price action suggest a possible rally on Monday, followed by an uptrend until Christmas. However, cryptocurrency analysts warn that there will be a decline along the way.
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Meanwhile, like Trader Tardigrade, KrissPax highlighted the bull flag forming on DOGE’s daily chart. He stated that this bullish pattern suggests that Dogecoin price will reach $0.69 by the end of the year. This would bring Dogecoin closer to current levels All Time High (ATH) $0.73.
Crypto whales appear to be gearing up for a rise in Dogecoin prices. cryptocurrency analyst Ali Martinez It was revealed that these investors purchased 160 million DOGE within 24 hours.
Dogecoin price is reportedly around $0.4 at the time of writing, up more than 1% in the past 24 hours data From CoinMarketCap.
Featured image created using Dall.E, chart from Tradingview.com
