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

Este artículo también está disponible en español.

Crypto analyst Trader Tardigradehas highlighted a bullish pattern that has formed on the Dogecoin price chart. Based on this pattern, the analyst predicted that the Dogecoin price could reach as high as $2.15 in this market cycle.  Bull Flag Puts The Dogecoin Price Target At $2.15

In an X post, Trader Tardigrade revealed a bull flag that had formed on DOGE’s daily chart. He stated that there is a tight consolidation within the bull flag. The analyst added that a long flagpole projects the Dogecoin price target at $2.15. Interestingly, his accompanying chart showed that the rally to this target could happen before the year ends.  Related Reading XRP Price Breakout Above $10: Analyst Tells Community To Pay Attention To This Fractal 1 day ago Source: X

The Dogecoin price could be well-primed for this rally to the upside. In another X post, Trader Tardigrade stated that a possible Dogecoin scenario has come up with a double-bottomchart pattern. He added that DOGE had formed two equal lows with a resistance at the neckline, which is at around $0.46.  Source: X

Meanwhile, the crypto analyst also recently stated that the Dogecoin price has gained more buying power with a bullish crossoveron the moving average convergence/divergence (MACD). His analysis suggested that Dogecoin could break this resistance at $0.46 and rally to around $0.5 on the next leg of the DOGE bull run. 

This rally to $0.5 could just be the start of the projected rally to $2.15 based on the bull flag on the Dogecoin price chart. It is worth mentioning that Trader Tardigrade has before now provided more bullish predictions for Dogecoin in this market cycle. The analyst predicted that DOGE could reach as high as $30 in this cycle while advising market participants to start taking profits around $10.  What The Next Move Could Look Like

Crypto analyst KrissPaxprovided insights into what the next move up for the Dogecoin price could look like. He stated that following the double-bottom pattern on DOGE’s chart, a fractal from past price action shows a possible move up through Monday, followed by an upward trend until Christmas. However, the crypto analyst cautioned that there will be dips along the way.  Related Reading Bitcoin Price Dominance And Altcoin Season: What The Sudden Volatility Means For The Market 1 day ago

Meanwhile, like Trader Tardigrade, KrissPax also highlighted the bull flag that has formed on DOGE’s daily chart. He stated that this bullish pattern points to the Dogecoin price reaching $0.69 by the end of the year. This would break Dogecoin close to its current all-time high (ATH)of $0.73.  Source: X

Crypto whales look to be positioning themselves for this Dogecoin price rally. Crypto analyst Ali Martinezrevealed that these investors bought 160 million DOGE in 24 hours.  Source: X

At the time of writing, the Dogecoin price is trading at around $0.4, up over 1% in the last 24 hours, according to datafrom CoinMarketCap.  DOGE price struggling to hold $0.4 | Source: DOGEUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com