The post Dogecoin Price Flashes Bull Flag On The Hourly Chart, Can It Rally To $1? appeared on BitcoinEthereumNews.com.

Another DOGE rally may be imminent after the Dogecoin price flashed a bullish pattern on the hourly chart. This has raised the possibility that it could rally to the psychological $1 price level soon enough.  Dogecoin Price Flashes Bull Flag On Hourly Chart In a TradingView post, crypto analyst Skidad revealed that the Dogecoin price had flashed a bull flag on the hourly chart. The analyst also revealed that the Fibonacci fan is nearing the support zone. Based on this, Skidad remarked that there could be a possible DOGE breakout to the upside.  Source: TradingView This bull flag presents a bullish outlook for the Dogecoin price, which is currently consolidating after its parabolic rally of over 100% in the last seven days. The bullish pattern indicates that the upward trend will continue soon enough once the foremost meme coin is done consolidating for the next leg up.  The analyst’s chart showed that the Dogecoin price could rally to as high as its current all-time high (ATH) at $0.73 on this next leg up. That could pave the way for another rally to the much-anticipated $1 price level. Crypto analyst Master Kenobi, who correctly predicted the start of the Dogecoin bull run, recently predicted that DOGE could reach this price level by December 2nd.  Crypto analyst Dj Anas also recently revealed that the Dogecoin price is set to enter price discovery and predicted that the foremost meme coin will reach $1 by year-end. The analyst made this prediction based on the Fibonacci levels, which he said support such upward momentum for DOGE.  In an X post, Crypto analyst Kevin Capital noted that a Dogecoin price rally to $1 isn’t far off, considering that the meme coin has gained over 300% in the last month.  DOGE Could Hit $2 By Year-End In…

---

Filed under: News - @ November 16, 2024 8:19 am