Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst KrissPax has provided a bullish outlook for the Dogecoin price, recently indicating that the foremost meme coin is still very bullish. DOGE is currently witnessing a consolidation phase, having rallied significantly between October and early November.\u00a0 Dogecoin Price Still Very Bullish Despite Recent Cool Off In a recent X post, KrissPax suggested that the Dogecoin price is still very bullish despite the recent cool-off. The crypto analyst stated that Dogecoin is trading on the 2-hour chart in a classic ascending triangle pattern. He added that the pattern looks bullish with a flat top resistance line, higher lows, and even the leverage flush that happened.\u00a0 Related Reading: Analyst Who Correctly Predicted The Ethereum Price Crash Against Bitcoin Reveals Where It\u2019s Headed Next KrissPax isn\u2019t the first to highlight an ascending triangle pattern on the DOGE chart, which provides a bullish outlook for the Dogecoin price. Crypto analyst Rekt Capital also recently drew the community\u2019s attention to this bullish pattern and suggested that Dogecoin could rally to $0.56 when it breaks out from this consolidation triangle.\u00a0 Since its parabolic rally between October and early November, the Dogecoin price has consolidated within the $0.4 range. However, crypto analysts like Master Kenobi and Kevin Capital have suggested that the meme coin\u2019s price action is expected and still in bullish territory despite this cool-off period.\u00a0 According to these analysts, the Dogecoin price consolidated for around 25 days in the last bull run after its first bull phase before it enjoyed another leg to the upside. History looks to be repeating itself, seeing as the foremost meme coin has consolidated for a similar number of days this time around.\u00a0 This consolidation period could soon end, as the Dogecoin price has cooled off for around 25 days this time around. In line with this, Master Kenobi predicts that Dogecoin could enjoy another pump in the next few days, rally to $1, and eventually reach as high as $2.9.\u00a0 DOGE\u2019s Next Leg Will Be \u201cViolent\u201d Crypto analyst Bluntz Capital has predicted that the next leg up for the Dogecoin price will be explosive. In an X post, he stated that Dogecoin would record a \u201cviolent upside move\u201d when it breaks this 3-week accumulation trend. His accompanying chart showed that the foremost meme coin would reach $0.6 on this next leg up.\u00a0 Related Reading: Bitcoin Price At $100,000: Road To More Gains Or Potential Bull Trap? Analyst Has Answers This projected rally will put the Dogecoin price close to its current all-time high (ATH) at $0.73. Crypto analyst Crow also provided a bullish outlook for Dogecoin, stating that market participants should not fade DOGE. His accompanying chart showed that the meme coin could even break its current ATH on this next leg up.\u00a0 At the time of writing, the Dogecoin price is trading $0.43, down over 4% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":631038,"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-658249","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
Dogecoin Price Analysis: Ascending Triangle On 2-Hour Chart Shows DOGE Is Still Very Bullish<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n