Dogecoin Price Forms Rare Bullish High Tight Flag Pattern, What Next?

Dogecoin, which has been consolidating since November 12, has formed a rare bullish high tight flag chart pattern. This bull flag pattern is preparing Dogecoin for a big rise.

Analyst Sees Bullish Dogecoin High Tight Flag Pattern

Trader Tardigrade, famed for his excellent technical studies, noted that the Dogecoin price is building a high tight flag formation on the daily candlectick timescale, a rarity that generally heralds significant price swings. His article on social networking site X said that this trend suggests a “highly possible significant upward price movement.”

First, this high tight flag pattern suggests Dogecoin will reach $1. The expert predicts that strong price momentum, increased market euphoria, and retail investor FOMO will propel Dogecoin to $5 to $10.

Knowing the High-Tight Flag Pattern

The high tight flag is a particular bullish bull flag. Both motifs include flagpoles and flags/handles. Instead of the bull flag, a high tight flag is formed using strict criteria, making it considerably rate. This requirement requires a 100% price rise in eight weeks or less. The pricing pattern's ‘flagpole’ is this quick rise. The Dogecoin price rose 180% in nine days from November 3 to 12.

The ‘flag/handle’ is formed when the price consolidates after this spike. This consolidation lasts five to three weeks and retraces no more than 10% of the original surge.

For Dogecoin, the flag has been in play for ten days with a 10% handle depth. The pattern is complete when the price breaks above the consolidation zone, frequently leading to additional increases.

Dogecoin is now trading at $0.3926, up 1.88% in 24 hours. Running to the first price goal at $1 would yield 155%. Other price goals at $5 and $10 offer 1,170% and 2,440% returns from current prices.


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