Will DOGE see a big surge? Analysts predict that the price could exceed $2.15.
Cryptocurrency analyst Trader Tardigrade recently noted that DOGE (#DOGE#) could be forming a strong bullish pattern, and the DOGE price is expected to surpass $2.15 in the next market cycle.
Bullish Market Pattern: $2.15 is the next target
Tardigrade noted in his post that a bull flag pattern has formed on DOGE’s daily chart, with the price trading closely within the flag. Based on this pattern, he predicted that DOGE’s price target will be $2.15, and he believes that this breakout could happen sometime before the end of the year.
Double Bottom Pattern and Upward Momentum
In addition to the bull flag, Tardigrad also noted that DOGE could be forming a double bottom pattern. Two equal lows have already been formed, with the main resistance at $0.46. If DOGE breaks through this price, it could trigger a fresh upside momentum. He also noted that a positive MACD crossover will provide DOGE with more buying momentum, and it is expected to surpass $0.46 and surpass $0.5 during the bull market bounce.
$2.15 The Way to the Start
Tardigrade suggests that breaking the $0.5 barrier could be just the first step towards the $2.15 target. In his initial predictions, he pointed to the possibility of DOGE rising to $30 during future market cycles, and advised investors to look to take profits when the price is close to $10.
KrissPax Opinion: Short-Term Upside and Potential Downside
Crypto analyst KrissPax is also bullish on DOGE’s future, noting that DOGE could see a rally before Christmas, especially with support from the double bottom pattern and bull market flag. However, he also warns that the price could see a temporary dip.
DOGE is currently priced at around $0.4 and is generally expected by analysts to perform well in the future, with expectations of surpassing $0.69 before the end of the year and possibly even breaking the all-time high of $0.73. With the rising market sentiment and massive crowds entering, DOGE could see a new bullish cycle.
