Check out the latest information in Spanish.
Crypto analyst Trader Tardigrade highlighted a bullish pattern forming on Dogecoin’s price chart. Based on this pattern, analysts predicted that Dogecoin price could reach $2.15 this market cycle.
Bullflag sets Dogecoin price target at $2.15
Trader Tardigrade, in a post on X, revealed a bullish flag that had formed on the daily chart of DOGE. He said there is tight integration within Bullflag. The analyst added that Long Flagpole predicts a target price for Dogecoin of $2.15. Interestingly, his accompanying chart showed that a rise to this goal could occur by the end of the year.
Related books
Source:X
Dogecoin price may be well primed for this bull market. In another X post, trader Tardigrade said that a possible scenario for Dogecoin is a double-bottom chart pattern. He added that DOGE formed two equal lows near the neckline resistance at $0.46.
Source:X
Meanwhile, a cryptocurrency analyst also recently stated that Dogecoin price has gained more purchasing power due to a bullish crossover of the moving average convergence/divergence (MACD). His analysis suggested that Dogecoin could break through this resistance level at $0.46 and rise to around $0.5 on the next leg of the DOGE bull market.
This rise to $0.5 could be just the beginning of the predicted rise to $2.15 based on the bullish flag on the Dogecoin price chart. It is worth mentioning that Trader Tardigrade has previously provided more bullish predictions for Dogecoin in this market cycle. The analyst predicted that DOGE could reach $30 this cycle, but advised market participants to start taking profits near $10.
What will the next move be?
Crypto analyst KrissPax provided insight into what the next rally in Dogecoin price will be. He said that following the double-bottom pattern on DOGE's chart, the fractal from past price movements indicates a potential uptrend until Monday, after which the uptrend will continue until Christmas. However, cryptocurrency analysts warned that there will be a drop down the road.
Related books
Meanwhile, similar to Trader Tardigrade, KrissPax also highlighted the bullish flag that formed on the daily chart of DOGE. He said this bullish pattern indicates Dogecoin price will reach $0.69 by the end of the year. This brings Dogecoin closer to its current all-time high (ATH) of $0.73.
Source:X
Crypto whales appear to be poised for this Dogecoin price rally. Crypto analyst Ali Martinez revealed that these investors purchased 160 million DOGE in 24 hours.
Source:X
At the time of writing, Dogecoin price was trading around $0.4, up more than 1% in the past 24 hours, according to data from CoinMarketCap.
DOGE price struggles to maintain $0.4 | Source: DOGEUSDT on Tradingview.com
Featured image created by Dall.E, chart on Tradingview.com
