The Formation of Price Increase Flags Pushes Dogecoin Price to $2.15 in This Cycle

Crypto analyst Trader Tardigrade has highlighted a bullish pattern formed on the Dogecoin price chart. Based on this pattern, the analyst predicts that Dogecoin price could reach as high as $2.15 in this market cycle. Bull Flag Targets Dogecoin Price at $2.15 In a post on X, Trader Tardigrade revealed a price increase flag formed on the daily chart of DOGE. He declared that there is a strong consolidation within the price increase flag. The analyst further stated that a long flagpole predicts a Dogecoin price target of $2.15. Interestingly, his accompanying chart shows that this price increase could occur before the end of the year.

The Dogecoin price may be gearing up for this rally. In another post by X, Trader Tardigrade declared that a Dogecoin scenario could unfold, pointing to a double bottom chart pattern. He further stated that DOGE has formed two equal lows with resistance at the neckline, around $0.46.

Meanwhile, recent cryptocurrency analysts have also declared that the price of Dogecoin has gained buying power with the convergence/divergence of the moving average convergence/divergence (MACD). His analysis shows that Dogecoin may break this resistance level at $0.46 and rise to around $0.5 in the next phase of the DOGE price increase. This $0.5 price increase may just be the start of an expected $2.15 price increase based on the upward trend on the Dogecoin price chart. It's worth noting that Trader Tardigrade has previously made even higher price predictions for Dogecoin in this market cycle. Analysts predict that DOGE could reach as high as $30 in this cycle, while advising market participants to start taking profits at $10. What might the next move look like Cryptocurrency analyst KrissPax has provided detailed information on what the next price increase of Dogecoin may look like. He claimed that after the double bottom pattern on DOGE's chart, a fractal from past price action indicates a potential price increase until Monday, followed by an upward trend until Christmas. However, this cryptocurrency analyst has warned that there will be price declines along the way. Meanwhile, like Trader Tardigrade, KrissPax also emphasized the bullish flag forming on DOGE's daily chart. He claimed that this bullish pattern points to Dogecoin reaching $0.69 by the end of the year. This would break Dogecoin's all-time high (ATH) of $0.73.

Crypto whales seem to be positioning themselves for this Dogecoin price spike. Cryptocurrency analyst Ali Martinez revealed that these investors bought 160 million DOGE in 24 hours. #Write2Win # At the time of writing, Dogecoin is trading at around $0.4, up more than 1% in the past 24 hours, according to data from CoinMarketCap. DYOR! Write&Earn $DOGE {spot}(DOGEUSDT)