Dogecoin Price To Reach $0.9 As Bullish Pennant Forms
- Linda HamiltonOriginal
- 2024-11-17 16:00:16615browse
Crypto analyst Trader Tardigrade has revealed that the Dogecoin price has formed a new bullish pennant after the surge to $0.4.
.9 As Bullish Pennant Forms" >
Dogecoin (CRYPTO: DOGE) bulls may have something else to look forward to following the recent surge in the meme coin’s price. Several analysts are now predicting where the meme coin could head next.
What Happened: Dogecoin had recently rallied to a high of $0.4, but further gains were capped. However, crypto analyst Trader Tardigrade revealed the next stop for DOGE could be $0.9.
The analyst highlighted how Dogecoin had formed a bull pennant on the daily chart following the recent breakout. The previous pennant saw DOGE rally from $0.2 to $0.3, while this current one aims to send the meme coin to $0.9.
"Bull pennant on the daily. Next stop: $0.9. Charting the pennant tips gives us the target. Previous pennant took us from $0.2 to $0.3. Now another bull pennant to $0.9. Get ready for another leg up once DOGE is done consolidating."
BULL PENNANT ON THE DAILY.
NEXT STOP: $0.9
Charting the pennant tips gives us the target.
Previous pennant took us from $0.2 to $0.3.
Now another bull pennant to $0.9.
Get ready for another leg up once DOGE is done consolidating.
— Trader Tardigrade X (@tardigrade_io) December 12, 2023
Trader Tardigrade had also recently revealed that Dogecoin broke out of a bull pennant on the monthly chart. The analyst predicted that the breakout could cause DOGE to rally to $15 sometime in 2025, which could mark the Dogecoin peak in this bull run.
He also recently raised the possibility of a DOGE price rally to as high as $30 if it mirrors the 2021 bull run.
DOGE Price Action: At the time of writing on Monday, Dogecoin was trading at $0.38, up 3.24% over the last 24 hours.
Over the last seven days, DOGE was trading lower by 6.3%.
The total trading volume in Dogecoin was $235 million, as per data from CoinMarketCap.
The above is the detailed content of Dogecoin Price To Reach $0.9 As Bullish Pennant Forms. For more information, please follow other related articles on the PHP Chinese website!