Bull Flag Formation Puts Dogecoin Price As High As $2.15 This Cycle

Crypto analyst Dealer Tardigrade has highlighted a bullish sample that has shaped on the Dogecoin worth chart. Based mostly on this sample, the analyst predicted that the Dogecoin worth might attain as excessive as $2.15 on this market cycle. 

Bull Flag Places The Dogecoin Value Goal At $2.15

In an X submit, Dealer Tardigrade revealed a bull flag that had shaped on DOGE’s day by day chart. He said that there’s a tight consolidation inside the bull flag. The analyst added {that a} lengthy flagpole initiatives the Dogecoin worth goal at $2.15. Apparently, his accompanying chart confirmed that the rally to this goal might occur earlier than the yr ends. 

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The Dogecoin worth may very well be well-primed for this rally to the upside. In one other X submit, Dealer Tardigrade said {that a} attainable Dogecoin state of affairs has provide you with a double-bottom chart sample. He added that DOGE had shaped two equal lows with a resistance on the neckline, which is at round $0.46. 

In the meantime, the crypto analyst additionally not too long ago said that the Dogecoin worth has gained extra shopping for energy with a bullish crossover on the transferring common convergence/divergence (MACD). His evaluation recommended that Dogecoin might break this resistance at $0.46 and rally to round $0.5 on the subsequent leg of the DOGE bull run. 

This rally to $0.5 might simply be the beginning of the projected rally to $2.15 based mostly on the bull flag on the Dogecoin worth chart. It’s value mentioning that Dealer Tardigrade has prior to now supplied extra bullish predictions for Dogecoin on this market cycle. The analyst predicted that DOGE might attain as excessive as $30 on this cycle whereas advising market individuals to begin taking income round $10. 

What The Subsequent Transfer Might Look Like

Crypto analyst KrissPax supplied insights into what the subsequent transfer up for the Dogecoin worth might seem like. He said that following the double-bottom sample on DOGE’s chart, a fractal from previous worth motion exhibits a attainable transfer up by means of Monday, adopted by an upward pattern till Christmas. Nevertheless, the crypto analyst cautioned that there will likely be dips alongside the best way. 

Associated Studying

In the meantime, like Dealer Tardigrade, KrissPax additionally highlighted the bull flag that has shaped on DOGE’s day by day chart. He said that this bullish sample factors to the Dogecoin worth reaching $0.69 by the top of the yr. This might break Dogecoin near its present all-time excessive (ATH) of $0.73. 

Crypto whales look to be positioning themselves for this Dogecoin worth rally. Crypto analyst Ali Martinez revealed that these buyers purchased 160 million DOGE in 24 hours. 

On the time of writing, the Dogecoin worth is buying and selling at round $0.4, up over 1% within the final 24 hours, in keeping with knowledge from CoinMarketCap. 

Featured picture created with Dall.E, chart from Tradingview.com