The post Dogecoin Flashes Multiple Bullish Flags All Pointing To $1 appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The dream of seeing Dogecoin trade at $1 remains alive among its community of loyal investors, even as the meme coin continues to struggle below the $0.20 mark. Despite the relatively low current price, positivity has returned to Dogecoin in recent days, with the cryptocurrency climbing 2.1% over the past 24 hours and registering a 17% surge in the past seven days. Some analysts believe that Dogecoin may be setting the stage for a much larger rally that could bring the long-awaited $1 target within reach, citing technical setups that are flashing bullish signals. Analyst Identifies Bull Flag Pattern That Could Spark A Breakout According to crypto trader Kamran Asghar, Dogecoin has developed a classic bull flag pattern on its weekly candlestick timeframe chart. This technical formation is typically seen as a continuation pattern, signaling the likelihood of a breakout to the upside. Asghar’s chart indicates that a successful breakout from the flag could trigger a sharp move toward the $0.22 region in the short term. He expressed strong confidence in the pattern’s implications, stating that it is “time to shine for Doge” and that Dogecoin is preparing to go “straight to the moon.” Source: Kamran Asghar on X Looking closely at the chart shared by the analyst, DOGE has been consolidating within a bullish channel that began forming in 2024. After the recent corrective phase, the price appears to have found strong support around the lower boundary of the channel. The analyst predicted a measured move from the bounce projects an initial breakout target of $0.44, and a further 1.618 Fibonacci extension brings the long-term projection to approximately $1.09. The setup suggests that the $1 mark is not just a dream but a technical possibility depending…

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Filed under: News - @ April 27, 2025 1:08 am