The post Crypto Pundit Says Dogecoin Price At $1 Is Only A ‘Matter Of Time’ appeared on BitcoinEthereumNews.com.

Dogecoin’s price movement remains a matter of discussion among crypto traders on social media, with a well-known analyst pointing to a major breakout pattern that could send DOGE soaring toward $1. Popular crypto analyst Lucky (@LLuciano_BTC) recently shared his bullish outlook with his 2.2 million followers on X, stating that the coveted $1 price target for Dogecoin is now only a matter of time. Bull Flag Pattern Signals Strong Momentum Although Dogecoin has shown strong bullish momentum at various points, it has yet to surpass its all-time high of $0.7316 in this cycle. However, many DOGE enthusiasts remain bullish on the meme coin, with many of them looking forward to an eventual break above $1 this bull cycle. Ironically, Dogecoin hasn’t even broken above $0.5, which is the halfway mark to reach the $1 target. Nonetheless, crypto analyst Lucky noted that it’s only a matter of time before DOGE starts to trade at $1.  Lucky’s confidence is based on a technical pattern forming on Dogecoin’s price chart. Sharing his outlook in a post, he highlighted a bull flag formation on the daily candlestick timeframe. Interestingly, this bull flag has been in formation since November 2024, making it a multi-month pattern. DOGE eyes the $1 mark as bullish momentum builds | Source: Lucky on X The pattern began with a strong rally in mid-November until it reached a multi-year high of $0.484 in early December before facing rejection. Since then, price action has shifted into the flag phase of the structure, characterized by a period of corrections and bounces off the upper and lower trendlines of the flag. The formation of a bull flag is regarded as a strong signal for further upside, especially in bullish market conditions. If the meme coin breaks out of this structure with enough volume, it…

---

Filed under: News - @ February 1, 2025 6:14 am