Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst Trader Tardigrade has drawn the community\u2019s attention to a bullish pattern on the Dogecoin price chart. Based on this development, the analyst provided insights into how high the Dogecoin price could rise in the short term.\u00a0 Dogecoin Price Flashes Bullish Pennant Trader Tardigrade revealed in an X post that the Dogecoin price has reached the tip of a bullish pennant on the daily Heikin Ashi chart. With this occurrence, the analyst claimed a breakout was just around the corner. He added that an \u201ceasy target\u201d measured from the pennant pole is $0.18.\u00a0 Related Reading: Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains The analyst\u2019s accompanying chart showed that the Dogecoin price could reach this target before the month ends. DOGE has already enjoyed a massive uptrend this month as CryptoRank data shows that the foremost meme coin is up over 22% in October, a monthly performance that has only been topped this year by its price gains in February and March.\u00a0 However, a rise to $0.18 this month would match October\u2019s price gains with those recorded in February, when DOGE enjoyed a monthly return of 50%. In March, the Dogecoin price recorded a gain of 87% as it rose to a yearly high of $0.22.\u00a0 The Dogecoin price uptrend this month is expected to extend until year-end and even continue in the new year, as crypto analyst Dima James said the price recovery trend will continue into 2025. Interestingly, the analyst predicted that DOGE could rally to as high as $10 and surpass it sometime next year. He made this prediction based on the 2021 bull pattern, which he claimed the meme coin is replicating again.\u00a0 Meanwhile, Trader Tardigrade recently mentioned that the Dogecoin price had replicated a \u2018Reversal box\u2019 move from the 2021 bull run. Because of this pattern, the analyst predicted that DOGE could reach $3.7 next year.\u00a0 The Run To A New All-Time High Of $3 Crypto analyst KrissPax has provided insights into how the Dogecoin price could run to this new all-time high (ATH) of $3. Using the law of diminishing returns, the analyst mentioned that he sees a resistance at $0.22, which, if DOGE breaks above, would send its price to $0.35, another resistance level.\u00a0 Related Reading: Bitcoin Whale Numbers Return To January 2021 Bull Market Levels, Is A New ATH Coming? He claimed that a successful break above that resistance level would send the Dogecoin price to its current ATH of $0.73. Once that is done, KrissPax predicts that the foremost meme coin will run to a new ATH at around $3 in 2025. In the meantime, DOGE needs to clear the $0.14 resistance, with a successful breakout possibly leading to the rally to $0.20.\u00a0 At the time of writing, the Dogecoin price is trading at around $0.138, down in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":634624,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-649800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\n
Dogecoin Price Flashes Bullish Pennant On Daily Heikin Ashi Chart, What This Means<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n