Analysts unanimously predict the next "violent" surge of DOGE, targeting $0.6!

Recently, he stated that this most popular meme coin still has significant potential. Although Dogecoin is currently in a consolidation phase, it experienced a strong surge from early October to early November.

KrissPax mentioned in a recent post on the X platform that despite the recent price pullback of Dogecoin, the overall trend remains very bullish. This analyst pointed out that Dogecoin is currently forming a classic ascending triangle pattern on the 2-hour chart.

He added that this pattern looks very bullish: the resistance line at the top is flat, the lows are gradually rising, and there is even a phenomenon of leveraged spikes. All of these suggest that the price may rise again.

Since the parabolic rebound from early October to early November, Dogecoin's price has been consolidating within the $0.4 range. However, analysts like Master Kenobi and Kevin Capital have indicated that despite this relatively calm period, Dogecoin's price movement remains within expectations and is still in a bullish range.

These analysts believe that during the last bull market, Dogecoin consolidated for about 25 days after the first phase of the bull market, then entered a new round of increases. History seems to be repeating itself, as Dogecoin's current consolidation period has coincidentally lasted the same 25 days.

This consolidation period may soon come to an end, especially considering that Dogecoin's price has cooled for about 25 days. Master Kenobi predicts that Dogecoin may restart its upward trend in the coming days, rebounding to $1 and potentially reaching a high of $2.9.