Dogecoin Price Flashes Bull Flag Hourly, Can It Reach $1?

After an hourly bullish trend, Dogecoin may surge again. It may shortly surge to the psychological $1 price level.

Hourly Dogecoin Chart Shows Bull Flag

Skidad, a crypto expert, reported that Dogecoin's hourly chart showed a bull flag on TradingView. The expert also said the Fibonacci fan is reaching support. Based on this, Skidad predicted an upside DOGE breakout.

This bull flag bodes well for Dogecoin, which is stabilizing following a 100% gain in seven days. The bullish pattern suggests the uptrend will resume soon after the leading meme currency consolidates for the next leg up.

According to the analyst's chart, Dogecoin might reach its ATH at $0.73 on its next leg up. That might lead to another rise to $1. Master Kenobi, who accurately forecasted the Dogecoin bull run, projected this price level for DOGE by December 2nd.

Crypto expert Dj Anas also projected that Dogecoin will hit $1 by year-end. Fibonacci levels support DOGE's upward trend, the expert predicted.

Dogecoin might reach $2 by December, Kevin claimed in a recent X post. The expert advised DOGE to temper the indications and prepare for the next move for two weeks. He said this is supported by history.

As Dogecoin rose to its current ATH in 2021, the analyst said it had repeated one- to three-week good consolidation periods. Dogecoin would benefit most from a consolidation period, he argues.

Dogecoin's initial retracement objective is the golden pocket level of $0.26 to $0.30, according to the expert. Kevin said a 30% to 40% pullback from the local peak is excellent in a bull market.


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