Bull Flag Puts The Dogecoin Price Target At $2.15

Crypto analyst Trader Tardigrade has highlighted a bullish pattern that has formed on the Dogecoin price chart. Based on this pattern, the analyst predicted that the Dogecoin price could reach as high as $2.15 in this market cycle.

Crypto analyst Trader Tardigrade has highlighted a bullish pattern that has formed on the Dogecoin price chart. Based on this pattern, the analyst predicted that the Dogecoin price could reach as high as $2.15 in this market cycle.

Bullish technical formations and a possible double-bottom on DOGE’s price chart have put the altcoin on the radar of many crypto analysts. Trader Tardigrade’s analysis suggests that DOGE could rally to $0.5 in the near term and $2.15 later on.

Crypto analyst Trader Tardigrade has predicted that the Dogecoin price could reach as high as $2.15 in this market cycle. The analyst highlighted a bull flag that has formed on DOGE’s daily chart, showing a tight consolidation within the bull flag.

According to the trader, a long flagpole projects the Dogecoin price target at $2.15, and the rally to this target could happen before the year ends.

In another post, the analyst pointed out a possible Dogecoin scenario with a double-bottom chart pattern.

According to him, DOGE has formed two equal lows with a resistance at the neckline, which is at around $0.46.

The crypto analyst also recently stated that the Dogecoin price has gained more buying power with a bullish crossover on the moving average convergence/divergence (MACD).

His analysis suggests that Dogecoin could break this resistance and rally to around $0.5 in the next leg of the DOGE bull run.

This rally to $0.5 could just be the start of the projected rally to $2.15 based on the bull flag on the Dogecoin price chart.

It is also worth noting that Trader Tardigrade has previously provided more bullish predictions for Dogecoin in this market cycle.

The analyst predicted that DOGE could reach as high as $30 in this cycle while advising market participants to start taking profits around $10.

Crypto analyst KrissPax has provided further insights into what the next move up for the Dogecoin price could look like.

According to him, following the double-bottom on DOGE’s chart, a fractal from past price action shows a possible move up through Monday, followed by an upward trend until Christmas.

However, the crypto analyst warned that there will be dips along the way.

Like Trader Tardigrade, KrissPax also highlighted the bull flag that has formed on DOGE’s daily chart.

This bullish pattern, according to him, points to the Dogecoin price reaching $0.69 by the end of the year.

Breaking through this level would bring Dogecoin close to its current all-time high (ATH) of $0.73.

Meanwhile, crypto whales appear to be positioning themselves for this Dogecoin price rally.

As reported by crypto analyst Ali Martinez, these investors bought 160 million DOGE in 24 hours.

At the time of writing, the Dogecoin price is trading at around $0.4, up over 1% in the last 24 hours, according to data from CoinMarketCap.