Although Dogecoin's price is still hovering below the $0.20 mark, its loyal investor base is still hoping it can break through and reach the $1 milestone. Despite the current low price, Dogecoin's market enthusiasm is gradually rebounding, having risen 2.1% in the past 24 hours and 17% over the past week. Some analysts believe that Dogecoin may be building momentum for a larger-scale rebound, with technical indicators also signaling bullish trends, potentially achieving the long-awaited $1 target.
Analysts have found that the bullish flag pattern may trigger a breakout.
According to cryptocurrency trader Kamran Asghar's analysis, Dogecoin has formed a classic bullish flag pattern on its weekly chart. This technical pattern is typically considered a precursor to a sustained price increase, suggesting the potential for a breakout. Asghar's chart indicates that once the flag pattern is successfully broken, the price of Dogecoin could quickly rise to the $0.22 area. He is confident in this pattern and states, "Dogecoin's shining moment is about to arrive, it's ready to break out and shoot for the moon."
Through careful analysis of the chart shared by analysts, it can be seen that DOGE has been consolidating within a bullish channel since 2024. After a recent correction phase, the price seems to have found strong support near the lower boundary of the channel.
Analysts predict that based on the current rebound, if the price can maintain stable fluctuations, the initial breakout target will be $0.44, while the long-term target could reach around $1.09 according to the 1.618 Fibonacci extension level. This prediction suggests that breaking through $1 is not out of reach but is an achievable target based on technical analysis, with the key being whether the bullish momentum can be sustained.
The bullish MACD crossover for Dogecoin is another green light.
Notable Dogecoin trader and analyst Trader Tardigrade emphasizes that a significant MACD bullish crossover has appeared on the 3-day time frame chart of Dogecoin, which further strengthens the bullish outlook. In his blog post, he emphasized that Dogecoin has completed its recent pullback, and the MACD crossover clearly confirms a bullish reversal. The lower time frame structure aligns with this momentum, laying the foundation for continued upward movement.
The MACD chart he shared clearly shows three historical stages, where similar crossover points have triggered explosive price increases. After each crossover, Dogecoin entered a strong upward trend lasting several weeks. The latest crossover aligns with Dogecoin's recent strong price movement, and Tardigrade predicts that if this momentum continues, Dogecoin could experience a significant surge, with prices expected to break through $1.30. Interestingly, the upward trend on his chart closely resembles the patterns of previous major bullish markets.
As of the time of writing, Dogecoin's trading price is $0.1862. Although there are currently multiple bullish signals, to achieve the $1 target, a closing price must first stabilize above $0.20. Once this threshold is broken, the cryptocurrency market will welcome a strong bullish momentum again.
The cryptocurrency market has always been a process of survival of the fittest, where the sands of time sift the weak from the strong! If you want to avoid being eliminated, you must make changes!
Every penny you earn is a realization of your understanding of the world; every penny you lose is due to your cognitive deficiencies. The greatest fairness in this world is that when a person's wealth exceeds their understanding, there will be 100 ways for society to harvest you!
Until your understanding and wealth match. Waiting for a bull market is the most torturous thing!
But if you wait for it, you will truly understand what it means to endure hardship before enjoying the rewards. Everyone must not leave the market; the tough days are about to end, and a rampant bull market is coming!
If you've been stumbling around in the cryptocurrency market without direction! Or if you've been losing money! You can follow me.
Although Dogecoin's price is still hovering below the $0.20 mark, its loyal investor base is still hoping it can break through and reach the $1 milestone. Despite the current low price, Dogecoin's market enthusiasm is gradually rebounding, having risen 2.1% in the past 24 hours and 17% over the past week. Some analysts believe that Dogecoin may be building momentum for a larger-scale rebound, with technical indicators also signaling bullish trends, potentially achieving the long-awaited $1 target.
Analysts have found that the bullish flag pattern may trigger a breakout.
According to cryptocurrency trader Kamran Asghar's analysis, Dogecoin has formed a classic bullish flag pattern on its weekly chart. This technical pattern is typically considered a precursor to a sustained price increase, suggesting the potential for a breakout. Asghar's chart indicates that once the flag pattern is successfully broken, the price of Dogecoin could quickly rise to the $0.22 area. He is confident in this pattern and states, "Dogecoin's shining moment is about to arrive, it's ready to break out and shoot for the moon."
Through careful analysis of the chart shared by analysts, it can be seen that DOGE has been consolidating within a bullish channel since 2024. After a recent correction phase, the price seems to have found strong support near the lower boundary of the channel.
Analysts predict that based on the current rebound, if the price can maintain stable fluctuations, the initial breakout target will be $0.44, while the long-term target could reach around $1.09 according to the 1.618 Fibonacci extension level. This prediction suggests that breaking through $1 is not out of reach but is an achievable target based on technical analysis, with the key being whether the bullish momentum can be sustained.
The bullish MACD crossover for Dogecoin is another green light.
Notable Dogecoin trader and analyst Trader Tardigrade emphasizes that a significant MACD bullish crossover has appeared on the 3-day time frame chart of Dogecoin, which further strengthens the bullish outlook. In his blog post, he emphasized that Dogecoin has completed its recent pullback, and the MACD crossover clearly confirms a bullish reversal. The lower time frame structure aligns with this momentum, laying the foundation for continued upward movement.
The MACD chart he shared clearly shows three historical stages, where similar crossover points have triggered explosive price increases. After each crossover, Dogecoin entered a strong upward trend lasting several weeks. The latest crossover aligns with Dogecoin's recent strong price movement, and Tardigrade predicts that if this momentum continues, Dogecoin could experience a significant surge, with prices expected to break through $1.30. Interestingly, the upward trend on his chart closely resembles the patterns of previous major bullish markets.
As of the time of writing, Dogecoin's trading price is $0.1862. Although there are currently multiple bullish signals, to achieve the $1 target, a closing price must first stabilize above $0.20. Once this threshold is broken, the cryptocurrency market will welcome a strong bullish momentum again.
The cryptocurrency market has always been a process of survival of the fittest, where the sands of time sift the weak from the strong! If you want to avoid being eliminated, you must make changes!
Every penny you earn is a realization of your understanding of the world; every penny you lose is due to your cognitive deficiencies. The greatest fairness in this world is that when a person's wealth exceeds their understanding, there will be 100 ways for society to harvest you!
Until your understanding and wealth match. Waiting for a bull market is the most torturous thing! But if you wait for it, you will truly understand what it means to endure hardship before enjoying the rewards. Everyone must not leave the market; the tough days are about to end, and a rampant bull market is coming!
If you've been stumbling around in the cryptocurrency market without direction! Or if you've been losing money! You can follow me.
