Dogecoin Price Analysis: Ascending Triangle On 2-Hour Chart Shows DOGE Is Still Very Bullish

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	49,962,428,867	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

49,962,428,867

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00285	0.84%	0.34093	0.3409	0.34091

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00285

0.84%

0.34093

0.3409

0.34091

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.3452	0.33565	0.33779	0.3381	0.074740 - 0.484640

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.3452

0.33565

0.33779

0.3381

0.074740 - 0.484640

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	01:55:39	8.40	0.34093	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

01:55:39

8.40

0.34093

USD

Price x Volume	Volume	Base Symbol	Related Pairs
17,871,078.69	52,384,834.64	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

17,871,078.69

52,384,834.64

Dogecoin Price Analysis: Ascending Triangle On 2-Hour Chart Shows DOGE Is Still Very Bullish

06/12/2024 6:30pm

NEWSBTC

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. 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. Related Reading: Analyst Who Correctly Predicted The Ethereum Price Crash Against Bitcoin Reveals Where It’s Headed Next KrissPax isn’t 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’s attention to this bullish pattern and suggested that Dogecoin could rally to $0.56 when it breaks out from this consolidation triangle. 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’s price action is expected and still in bullish territory despite this cool-off period. 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. 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. DOGE’s Next Leg Will Be “Violent” 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 “violent upside move” 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. 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. 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. Featured image created with Dall.E, chart from Tradingview.com

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DOGEUSD Dogecoin