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The Formation of the Bullish Flag Pushes Dogecoin Price to $2.15 in this Cycle
Cryptocurrency analyst Trader Tardigrade has highlighted a price increase pattern that has formed on the Dogecoin price chart. Based on this pattern, the analyst predicts that the Dogecoin price could reach as high as $2.15 in this market cycle. Bull Flag Sets Dogecoin's Price Target at $2.15 In the post on X, Trader Tardigrade revealed a price hike flag formed on the daily chart of DOGE. He claimed that there is a strong consolidation in the price hike flag. The analyst added that a long flagpole predicts a Dogecoin price target of $2.15. Interestingly, his accompanying chart indicates that the price hike towards this target could occur before the end of the year.
The Dogecoin price may be setting up well for this rally. In another post by X, Trader Tardigrade claimed that a Dogecoin scenario could unfold, citing a double bottom chart pattern. He added that DOGE has formed two equal lows with resistance at the neckline, around $0.46.
Meanwhile, recent cryptocurrency analysts have also claimed that Dogecoin's price has gained more buying power with the convergence/divergence of the moving average convergence/divergence (MACD). His analysis suggests that Dogecoin could break this resistance level at $0.46 and rise to around $0.5 in the next phase of the DOGE price increase. This $0,5 price increase could just be the start of an expected $2,15 price surge based on the bullish flag on the Dogecoin price chart. Notably, Trader Tardigrade has previously made several higher price predictions for Dogecoin in this market cycle. Analysts predict that DOGE could reach as high as $30 in this cycle, while advising market participants to start taking profits at $10. What might the next move look like? Cryptocurrency analyst KrissPax has provided detailed information on what the next price increase of Dogecoin could look like. He stated that after a double bottom pattern on DOGE's chart, a fractal from past price action indicates a potential price increase until Monday, followed by an upward trend until Christmas. However, this cryptocurrency analyst has warned that there will be price declines along the way. Meanwhile, like Trader Tardigrade, KrissPax also emphasizes the price increase flag that has formed on the daily chart of DOGE. He declares that this price increase pattern indicates that the price of Dogecoin will reach $0.69 by the end of the year. This will break Dogecoin's all-time high (ATH) of $0.73.
These crypto whales seem to be positioning themselves for this Dogecoin price surge. Cryptocurrency analyst Ali Martinez revealed that these investors have bought 160 million DOGE in the past 24 hours.
At the time of writing, Dogecoin is trading at around $0.4, up over 1% in the past 24 hours, according to data from CoinMarketCap. DYOR! #Write2Win #Write&Earn $DOGE {spot}(DOGEUSDT)