{"id":654407,"date":"2024-11-23T12:30:40","date_gmt":"2024-11-23T12:30:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=654407"},"modified":"2024-11-22T20:53:56","modified_gmt":"2024-11-22T20:53:56","slug":"dogecoin-price-clean-bull-flag","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-price-clean-bull-flag\/","title":{"rendered":"Dogecoin Price Chart Flashes Clean Bull Flag At $0.38, Here&#8217;s The Next Target"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Dogecoin price has recently exhibited a classic bull flag pattern on its price chart, a technical indicator often signaling continued upward momentum. The Dogecoin price <\/span><a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-nasty-triple-top\/\"><span style=\"font-weight: 400\">has mostly traded below $0.4 <\/span><\/a><span style=\"font-weight: 400\">in the past seven days on the back of a continued price consolidation. At the time of writing, Dogecoin is trading at $0.39, sitting firmly within the consolidation phase of this bull flag pattern.<\/span><\/p>\n<h2>KrissPax Identifies Key Target For Dogecoin Price<\/h2>\n<p><span style=\"font-weight: 400\">This development of a bull flag pattern was highlighted on the social media platform X by crypto analyst KrissPax, which relays to the current bullish sentiment surrounding the DOGE price. Particularly, this bull flag pattern was highlighted on the 2-hour candlestick chart of the Dogecoin price.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/37-upshoot-dogecoin-price\/\">Crypto Analyst Predicts 37% Upshoot For Dogecoin Price, Points Out Support Levels<\/a><\/div>\n<p><span style=\"font-weight: 400\">A bull flag pattern is characterized by a sharp price increase (the flagpole) followed by a period of consolidation in a downward-sloping channel (the flag). This formation suggests that, upon breaking above the upper trendline of the flag, the asset may resume its prior uptrend.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the case of the DOGE price, the flag pole was created by the Dogecoin price rally from November 8 until it peaked at $0.446. Since then, a consolidation has led to the creation of a flag. As KrissPax noted, a successful breakout to the upside would push the DOGE price toward $0.60. Interestingly, the analyst expects this breakout to happen by Friday.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Clean bull flag on the Dogecoin chart &#8211; target $0.60. Could we see the start of the next <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$DOGE<\/a> breakout on Friday? Meanwhile, Dogecoin still trading right in the middle of the flag at 38 cents. <a href=\"https:\/\/t.co\/kR6WSxMQI5\" rel=\"nofollow\">pic.twitter.com\/kR6WSxMQI5<\/a><\/p>\n<p>\u2014 KrissPax (@krisspax) <a href=\"https:\/\/twitter.com\/krisspax\/status\/99188500?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 22, 2024<\/a><\/p><\/blockquote>\n<h2>Market Expectations For DOGE&#8217;s Next Move<\/h2>\n<p><span style=\"font-weight: 400\">At the time of writing, Dogecoin is trading at $0.393. A <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/doge\/dogecoin-doge-shows-energy-0-40\/\"><span style=\"font-weight: 400\">move towards the $0.6 mark<\/span><\/a><span style=\"font-weight: 400\"> would translate to a price increase of about 53% from the current price. Furthermore, reaching the $0.6 price target would put the Dogecoin price at a new 2024 high and a three-year high, but still about 22% from its current all-time high of $0.7326.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-ath-cross-139000\/\">Bitcoin Price ATH Set To Cross $139,000 According To Previous Election Cycles<\/a><\/div>\n<p><span style=\"font-weight: 400\">KrissPax&#8217;s $0.6 price target plays into a bullish outlook of the DOGE price among many crypto analysts and traders. Supporting this bullish outlook, other analysts have observed similar patterns. For instance, a report from <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-flashes-bull-flag\/?utm_source=chatgpt.com\" rel=\"nofollow\"><span style=\"font-weight: 400\">Bitcoinist noted<\/span><\/a><span style=\"font-weight: 400\"> that the Dogecoin price could rally to its all-time high of $0.73, paving the way for a surge to the much-anticipated $1 level. Furthermore, other analysts have predicted that the DOGE price <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-price-rally-not-over\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">could reach $2<\/span><\/a><span style=\"font-weight: 400\"> by the end of the year at the current pace of price growth.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This bullish outlook for the Dogecoin price cuts across every part of the Dogecoin ecosystem. On-chain data has shown that Dogecoin whales<\/span><a href=\"https:\/\/uniquehot.com\/dogecoin-2\/dogecoin-price-down-7-whales-continue-buy\/\"><span style=\"font-weight: 400\"> are taking advantage of the price decline<\/span><\/a><span style=\"font-weight: 400\"> to load up on their holdings. Particularly, Dogecoin whale addresses holding 10 million to 100 million DOGE tokens <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/69806344\" rel=\"nofollow\"><span style=\"font-weight: 400\">have bought <\/span><\/a><span style=\"font-weight: 400\">more than 550 million DOGE over the past week, worth around $214.5 million.<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/nzRSLHKc\/\" alt=\"Dogecoin price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">DOGE price holds $0.4 support | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Dogecoin price has recently exhibited a classic bull flag pattern on its price chart, a technical indicator often signaling continued upward momentum. The Dogecoin price has mostly traded below $0.4 in the past seven days on the back of a continued price consolidation. At the time of writing, Dogecoin is trading at $0.39, sitting firmly within the consolidation phase of this bull flag pattern. KrissPax Identifies Key Target For Dogecoin Price This development of a bull flag pattern was highlighted on the social media platform X by crypto analyst KrissPax, which relays to the current bullish sentiment surrounding the DOGE price. Particularly, this bull flag pattern was highlighted on the 2-hour candlestick chart of the Dogecoin price. Related Reading: Crypto Analyst Predicts 37% Upshoot For Dogecoin Price, Points Out Support Levels A bull flag pattern is characterized by a sharp price increase (the flagpole) followed by a period of consolidation in a downward-sloping channel (the flag). This formation suggests that, upon breaking above the upper trendline of the flag, the asset may resume its prior uptrend.\u00a0 In the case of the DOGE price, the flag pole was created by the Dogecoin price rally from November 8 until it peaked at $0.446. Since then, a consolidation has led to the creation of a flag. As KrissPax noted, a successful breakout to the upside would push the DOGE price toward $0.60. Interestingly, the analyst expects this breakout to happen by Friday. Clean bull flag on the Dogecoin chart &#8211; target $0.60. Could we see the start of the next $DOGE breakout on Friday? Meanwhile, Dogecoin still trading right in the middle of the flag at 38 cents. pic.twitter.com\/kR6WSxMQI5 \u2014 KrissPax (@krisspax) November 22, 2024 Market Expectations For DOGE&#8217;s Next Move At the time of writing, Dogecoin is trading at $0.393. A move towards the $0.6 mark would translate to a price increase of about 53% from the current price. Furthermore, reaching the $0.6 price target would put the Dogecoin price at a new 2024 high and a three-year high, but still about 22% from its current all-time high of $0.7326. Related Reading: Bitcoin Price ATH Set To Cross $139,000 According To Previous Election Cycles KrissPax&#8217;s $0.6 price target plays into a bullish outlook of the DOGE price among many crypto analysts and traders. Supporting this bullish outlook, other analysts have observed similar patterns. For instance, a report from Bitcoinist noted that the Dogecoin price could rally to its all-time high of $0.73, paving the way for a surge to the much-anticipated $1 level. Furthermore, other analysts have predicted that the DOGE price could reach $2 by the end of the year at the current pace of price growth. This bullish outlook for the Dogecoin price cuts across every part of the Dogecoin ecosystem. On-chain data has shown that Dogecoin whales are taking advantage of the price decline to load up on their holdings. Particularly, Dogecoin whale addresses holding 10 million to 100 million DOGE tokens have bought more than 550 million DOGE over the past week, worth around $214.5 million. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":635085,"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-654407","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<title>Dogecoin Price Chart Flashes Clean Bull Flag At $0.38, Here&#039;s The Next Target<\/title>\n<meta name=\"description\" content=\"The Dogecoin price has recently exhibited a classic bull flag pattern on its price chart, a 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