Dreams of seeing Dogecoin trading at $1 Still alive in the middle Its loyal investor community, even if the meme coins are still under $0.20 in effort. Despite the relatively low price at present, enthusiasm has recovered in recent days, with cryptocurrencies climbing 2.1% in the past 24 hours and a 17% increase in the past 7 days. Some analysts believe that Dogecoin may be A bigger gathering This could make the long-awaited $1 target reach the impact, Quote technical settings That’s a flashing bullish signal.
Analysts identify bull market flag patterns that could trigger breakthroughs
According to crypto trader Kamran Asghar One has been developed Classic bullfighting flag pattern on weekly candlestick time range chart. This technological formation is often seen as a continuation model, indicating the possibility of a breakthrough upward trend.
Asghar’s chart shows that in the near term, a successful breakout of the flag could trigger the $0.22 area. He expressed strong confidence in the meaning of the pattern and pointed out that it was “time to sacrifice”, and Dogecoin was preparing to “go directly to the moon.”
Looking closely at the charts shared by analysts, Doge has been consolidating in a bullish channel that began forming in 2024. Recent correction phasethe price seems to be Found strong support Around the lower boundary of the channel.
Analysts predict that the initial grouping breakout target from the bounce project is $0.44, and another 1.618 FibonAcci extension makes the long-term forecast about $1.09. Settings show that $1 trademark is more than just a dream But technical possibilities Depends on bullish momentum.
Dogecoin’s MacD bullish crossover is another green light
Add weight in bullish cases, popular Dogecoin Trader and analyst Tardigrade Highlight an important one MACD bullish on Dogecoin’s 3-day time range chart. In his post, he highlighted that Dogecoin completed its recent pullback, with the MACD crossover clearly confirming the bullish reversal. The lower time-frame structure is consistent with this momentum, laying the foundation for continuous movement.
His shared MACD chart clearly shows three historical periods Similar cross-border It led to an explosive gathering. After each crossover, Dogecoin entered a positive upward trajectory that extended for weeks. The latest crossover coincides with Meme Coin’s recent strong price action, and Tardigrade’s forecast could be over $1.30 if the momentum continues. Interestingly, the upward projection on his chart reflects patterns seen in previous major gatherings.
At the time of writing, Doge trades for $0.1862. Despite the fact that multiple bullish signals are working, the first step towards the $1 target is decisive, exceeding $0.20, and then A powerful revival The bullish momentum in the crypto market.
Featured images from Adobe Stock, charts from TradingView.com
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