$DOGE
🚨 Dogecoin Price Prediction: DOGE Forms Bull Flag and Could Rise to $0.35 🚨
DOGE’s price action has stalled in the past week after the token reached the $0.25 area as it seems that this is a key level for market participants.
The price has dropped to its lowest point in a week already at around $0.21 as momentum indicators were already flashing sell signals.
The Relative Strength Index (RSI) had surged to overbought levels already while the MACD’s histogram had been trending lower for four days in a row.
Although the price action still favors a bullish Dogecoin price prediciton, the rally had already reached a point of exhaustion already and justifies a pullback.
However, this does not necessarily mean that the uptrend is over. DOGE has formed a bullish flag pattern that could result in a higher high if the price breaks the upper bound of this formation.
This resistance currently stands at around $0.23 and it is the key level to watch in the following days. Based on the flag’s pole size, a bullish breakout could push DOGE to $0.35, meaning a potential 52% gain in a relatively short period.
Meanwhile, the key support to watch apart from the flag’s lower bound would be the range between $0.18 and $0.19 as a bounce off this level will still maintain the asset’s bullish price structure intact.
While DOGE’s outlook may be a bit uncertain at the time, the top crypto presales of the year like Best Wallet (BEST) offer the highest upside potential as their tokens are offered at a heavily discounted price.
