Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Dogecoin Flashes Multiple Bullish Flags All Pointing To $1

Share This Post

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.”

Dogecoin

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 on bullish momentum.

Dogecoin’s MACD Bullish Crossover Is Another Green Light

Adding further weight to the bullish case, popular Dogecoin trader and analyst Trader Tardigrade highlighted a significant MACD bullish crossover on Dogecoin’s 3-day timeframe chart. In his post, he highlighted that Dogecoin had completed its most recent pullback and that the MACD crossover was a clear confirmation of a bullish reversal. The lower timeframe structures are aligning with this momentum, setting the stage for a sustained move higher.

The MACD chart he shared clearly shows three historical periods where similar crossovers led to explosive price rallies. Each time, after a crossover, Dogecoin entered an aggressive upward trajectory that extended for weeks. The latest crossover coincides with the meme coin’s recent strong price action, and Tardigrade’s projects a massive move that could extend beyond $1.30 if momentum continues. Interestingly, the upward projection on his chart mirrors the patterns seen in previous major rallies.

At the time of writing, DOGE is trading at $0.1862. Although multiple bullish signals are in play, the first step toward the $1 target would be a decisive close above $0.20, followed by a resurgence of strong bullish momentum across the crypto market.

Dogecoin

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

After 10 Years, Ross Ulbricht Speaks Out: ‘Bitcoin Doesn’t Work Without Freedom’

Ross Ulbricht delivered his first live public speech on May 29 since being granted a full presidential pardon by Donald Trump earlier this year Silk Road Creator Ross Ulbricht Delivers First Live

Ozark star Julia Garner to play Caroline Ellison in Obama Netflix miniseries on FTX collapse

Netflix has green-lit an eight-episode limited series titled The Altruists, a dramatization of the eight-billion-dollar collapse of crypto exchange FTX and the downfall of its co-founder, Sam

Solana Targets $200 as TRON Prepares to Flip December’s ATH; Could Unilabs’ AI Launchpad Reshape DeFi?

The post Solana Targets $200 as TRON Prepares to Flip December’s ATH; Could Unilabs’ AI Launchpad Reshape DeFi appeared first on Coinpedia Fintech News With Bitcoin (BTC) ranging between $105,000

Solana (SOL) Price Heading to the Crucial Range—Will it Drop to $150 or Rebound to $180?

The post Solana (SOL) Price Heading to the Crucial Range—Will it Drop to $150 or Rebound to $180 appeared first on Coinpedia Fintech News The crypto markets are consolidating ahead of the $5

Top Cryptocurrencies Poised for Explosive Growth in 2025: Ripple, Ethereum, and Unilabs

The post Top Cryptocurrencies Poised for Explosive Growth in 2025: Ripple, Ethereum, and Unilabs appeared first on Coinpedia Fintech News Per reports from crypto commentators, the Ripple price might

Analyst Predicts Big Drop For Bitcoin Price As Bearish Pressures Mount After $111,000 ATH

Bitcoin is showing signs of fatigue after reaching a new all-time high of $111,814 on May 22 Since then, Bitcoin has had multiple failed attempts to break above this level, which has led to an
You have not selected any currencies to display