{"id":656717,"date":"2024-12-04T20:30:20","date_gmt":"2024-12-04T20:30:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=656717"},"modified":"2024-12-04T10:20:29","modified_gmt":"2024-12-04T10:20:29","slug":"dogecoin-price-bullish-pennant-2","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-price-bullish-pennant-2\/","title":{"rendered":"Dogecoin Price Continues Trading Sideways But Bullish Pennant Says Get Ready For $1.30"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Dogecoin price action in the past 48 hours has been highlighted by a consolidation below the $0.45 price level. Interestingly, technical analysis shows that this consolidation is part of a bullish pennant that has been in formation since early November. Particularly, Dogecoin is currently in the flag phase of the bullish pennant formation, which is known to be the consoldation phase before the next leg up.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Crypto analyst KrissPax, this Dogecoin price movement is creating a &#8220;great springboard for the next big Doge pump.&#8221;<\/span><\/p>\n<h2>Dogecoin\u2019s Sideways Trading Forms The Foundation For Growth<\/h2>\n<p><span style=\"font-weight: 400\">The Dogecoin price has been trading within range since it reached the $0.47 mark on November 23. This range has been highlighted by a key support level around $0.37 that prevented further declines on November 26. Crypto analyst KrissPax noted that this consolidation has held above support, which he interprets as constructive rather than negative.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-150000-by-2025\/\">Bitcoin Price Prediction: Charting The Roadmap Of BTC To $150,000 By 2025<\/a><\/div>\n<p><span style=\"font-weight: 400\">In terms of a Dogecoin price outlook, KrissPax highlighted that the consolidation has led to the formation of a bullish pennant, which is set to be broken at the upper trendline. For his price prediction, he highlighted the $1.3 level as the prime target after the breakout.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The bullish pennant typically forms after a strong upward rally followed by consolidation, with price movements resembling a triangle. A breakout from this pattern often signals the continuation of the prior trend, <\/span><a href=\"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-price-at-1-3-1-5\/\"><span style=\"font-weight: 400\">making $1.30 a plausible target<\/span><\/a><span style=\"font-weight: 400\"> if the pattern holds true.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The current Dogecoin sideways trading is holding support and making for a great springboard for the next big Doge pump. This bullish pennant targets a big move up to $1.30!<\/p>\n<p>Chart: Trader Tardigrade <a href=\"https:\/\/t.co\/cho062TLNU\" rel=\"nofollow\">pic.twitter.com\/cho062TLNU<\/a><\/p>\n<p>\u2014 KrissPax (@krisspax) <a href=\"https:\/\/twitter.com\/krisspax\/status\/01193482?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 3, 2024<\/a><\/p><\/blockquote>\n<h2>What Could Drive The Dogecoin Price To $1.3?<\/h2>\n<p><span style=\"font-weight: 400\">At the time of writing, Dogecoin is trading at $0.419, according to CoinMarketCap, reflecting an impressive surge of about 178% over the past 30 days. Should Dogecoin manage to sustain its upward trajectory and achieve a breakout toward the $1.30 target, it would represent an additional 210% increase from its current price, as well as a decisive move beyond its all-time high of $0.7316.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/cardano\/cardano-next-in-line-after-xrp\/\">Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout<\/a><\/div>\n<p><span style=\"font-weight: 400\">However, <\/span><a href=\"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-alert-why-december-5-game-changing-date\/\"><span style=\"font-weight: 400\">the path to $1.30<\/span><\/a><span style=\"font-weight: 400\"> depends on other market factors that extend beyond the bullish pennant pattern currently forming in Dogecoin\u2019s price chart. Nonetheless, current market factors suggest that the meme coin&#8217;s price is still in a good position to keep growing. A key contributor to this outlook is the recent surge in activity on the Dogecoin blockchain, particularly among large holders.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to data from blockchain analytics firm Santiment, there has been a significant whale accumulation over the past several days. According to Santiment&#8217;s data, Dogecoin whales <\/span><a href=\"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-whales-keep-buying-doge-metrics-reveal-demand-remains-strong\/\"><span style=\"font-weight: 400\">collectively acquired an additional <\/span><\/a><span style=\"font-weight: 400\">160 million $DOGE tokens within just 48 hours. This increase in demand could help sustain Dogecoin\u2019s price rally and support its <\/span><a href=\"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-ready-to-hit-1-price-struggles-to-break-above-major-resistance\/\"><span style=\"font-weight: 400\">bid to surpass previous highs.<\/span><\/a><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/ytTDCRyO\/\" alt=\"Dogecoin price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">DOGE price holding $0.42 support | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Dogecoin price action in the past 48 hours has been highlighted by a consolidation below the $0.45 price level. Interestingly, technical analysis shows that this consolidation is part of a bullish pennant that has been in formation since early November. Particularly, Dogecoin is currently in the flag phase of the bullish pennant formation, which is known to be the consoldation phase before the next leg up. According to Crypto analyst KrissPax, this Dogecoin price movement is creating a &#8220;great springboard for the next big Doge pump.&#8221; Dogecoin\u2019s Sideways Trading Forms The Foundation For Growth The Dogecoin price has been trading within range since it reached the $0.47 mark on November 23. This range has been highlighted by a key support level around $0.37 that prevented further declines on November 26. Crypto analyst KrissPax noted that this consolidation has held above support, which he interprets as constructive rather than negative. Related Reading: Bitcoin Price Prediction: Charting The Roadmap Of BTC To $150,000 By 2025 In terms of a Dogecoin price outlook, KrissPax highlighted that the consolidation has led to the formation of a bullish pennant, which is set to be broken at the upper trendline. For his price prediction, he highlighted the $1.3 level as the prime target after the breakout.\u00a0 The bullish pennant typically forms after a strong upward rally followed by consolidation, with price movements resembling a triangle. A breakout from this pattern often signals the continuation of the prior trend, making $1.30 a plausible target if the pattern holds true. The current Dogecoin sideways trading is holding support and making for a great springboard for the next big Doge pump. This bullish pennant targets a big move up to $1.30! Chart: Trader Tardigrade pic.twitter.com\/cho062TLNU \u2014 KrissPax (@krisspax) December 3, 2024 What Could Drive The Dogecoin Price To $1.3? At the time of writing, Dogecoin is trading at $0.419, according to CoinMarketCap, reflecting an impressive surge of about 178% over the past 30 days. Should Dogecoin manage to sustain its upward trajectory and achieve a breakout toward the $1.30 target, it would represent an additional 210% increase from its current price, as well as a decisive move beyond its all-time high of $0.7316. Related Reading: Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout However, the path to $1.30 depends on other market factors that extend beyond the bullish pennant pattern currently forming in Dogecoin\u2019s price chart. Nonetheless, current market factors suggest that the meme coin&#8217;s price is still in a good position to keep growing. A key contributor to this outlook is the recent surge in activity on the Dogecoin blockchain, particularly among large holders.\u00a0 According to data from blockchain analytics firm Santiment, there has been a significant whale accumulation over the past several days. According to Santiment&#8217;s data, Dogecoin whales collectively acquired an additional 160 million $DOGE tokens within just 48 hours. This increase in demand could help sustain Dogecoin\u2019s price rally and support its bid to surpass previous highs. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":629937,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[167,6664,26263,14690,1785,89174,85675,7,1803,1804,79599,79600],"class_list":["post-656717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\n<title>Dogecoin Price Continues Trading Sideways But Bullish Pennant Says Get Ready For $1.30<\/title>\n<meta name=\"description\" content=\"The Dogecoin price action in the past 48 hours has been highlighted by a consolidation below 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