Dream of seeing Dogecoin trade with $ 1 remains alive The community of this loyal investors, even if the memo coin continues to fight less than $ 0.20. Despite the relatively low current price, positivity has returned to Dogecoin in recent days, with cryptocurrency rising 2.1% over the last 24 hours and registering a 17% increase in the last seven days. Some analysts believe that Dogecoin can erect the stage a much larger rally This can bring a long -awaited 1 dollar target within reach, Quoting technical settings which blinks bullish signals.
Analyst identifies a pattern of bull flags that can create a breakthrough
Crypto trader Kamran Asghar said doogecoin has developed a A classic bull flag pattern on its weekly candlestick schedule. This technical formation is usually considered to be a continuing habit, which signals the probability of outbreak.
The Agrian diagram shows that the successful breakthrough of the flag can cause a sharp movement towards a $ 0.22 area. He expressed strong confidence in the influence of the pattern, claiming that it was time to shine for Doge and that Dogecoin is preparing to go straight to the moon.
Looking closely at the chart of analysts, Doge has consolidated the bullish channel, which began to form in 2024. After that. recent corrective stepIt seems that the price is found strong support around the lower border of the channel.
The analyst predicted that the measured moving of Bounce projects the preliminary recreational end of $ 0.44 and another $ 1.618 Fibonacci extension will bring a long -term projection to about $ 1,09. Setup suggests that 1 dollar is not just a dream But the technical option Depending on the bullish momentum.
Dogecoin Macd Bullish Crossover is another green light
By adding an additional weight to a bullish case, a popular Dogecoin trader and analyst trader Taredigrade highlighted an important MACD Bullish Crossover Dogecoin during the 3-day period. In his post, he pointed out that Dogecoin had finished his last setback and that Macd Crossover was a clear confirmation of bullish reversal. The lower structures of the period align with this impulse, setting a higher basis for permanent movement.
His shared macd diagram clearly shows three historical periods where similar crossers Five at an explosive price. Each time, after Crossover, Dogecoin stepped into an aggressive upward trajectory that extended for weeks. The latest Crossover coincides with a recent high price of memo coin, and Tardigrade projects are a huge step that can reach more than $ 1.30 if the momentum continues. Interestingly, the upward projection of his chart reflects the patterns seen in earlier major rallies.
During this writing, Doge trades for $ 0.1862. While several bullish signals are played, the first step in the 1 -dollaris goal would be a decisive closure of more than $ 0.20, followed by a Revival Bullish momentum over the cryptocurrency.
Highlighted Picture of Adobe Stock, Graph's Site TradingView.com
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