Dogecoin

bullish

Litecoin

Coin

<p>Crypto analyst and trader ZAYK Charts has identified a bullish pennant pattern for <a href="https://captainaltcoin.com/dogecoin-price-chart-shows-same-pattern-that-led-to-previous-bull-runs-is-20-doge-realistic/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> on the 4-hour timeframe. The analyst shared an analysis via X, suggesting DOGE could reach $0.50 upon a successful breakout from its current consolidation phase.</p>
<p>The chart analysis reveals a distinct bullish pennant structure, characterized by converging trendlines following an upward price movement. DOGE trades between a descending resistance line near $0.40 and an ascending support level around $0.38, forming a symmetrical triangle pattern.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGE</a> Bullish Pennant Formation in 4H Timeframe<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Incase of Breakout,Next Target will be $0.5<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/270d.png" alt="✍" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Dogecoin</a> <a href="https://t.co/okpywf165f" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/okpywf165f</a></p>— ZAYK Charts (@ZAYKCharts) <a href="https://twitter.com/ZAYKCharts/status/1859813602217296133?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 22, 2024</a>
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<p>The consolidation phase demonstrates steady buying pressure at lower levels, while sellers maintain control at the upper boundary. This price action creates a compression zone, setting up potential momentum for an upward breakout.</p>
<h2 class="wp-block-heading" id="strong-price-targets-and-support-levels-strong"><strong>Price Targets and Support Levels</strong></h2>
<p>ZAYK Charts’ analysis points to $0.50 as the primary target, calculated using the flagpole height measurement method. This projection represents a 30% increase from the current resistance level of $0.40.</p>
<p>The chart identifies $0.38 as a key support zone, backed by previous price action. This level serves as a foundation for <a href="https://www.newsbtc.com/analysis/doge/dogecoin-doge-shows-energy-0-40/" target="_blank" rel="noopener noreferrer nofollow">potential upward movements</a> and acts as a safety net during price corrections.</p>
<p><em>Read also: </em><a href="https://captainaltcoin.com/litecoin-ltc-price-edges-out-of-multi-year-triangle-what-could-be-next/" target="_blank" rel="noopener noreferrer nofollow"><em>Litecoin (LTC) Price Edges Out of Multi-Year Triangle—What Could Be Next?</em></a></p>
<h2 class="wp-block-heading" id="strong-market-structure-and-volume-analysis-strong"><strong>Market Structure and Volume Analysis</strong></h2>
<p>The 4-hour chart displays a clear market structure with defined trading ranges. Trading volume has decreased during the consolidation phase, which aligns with typical pennant formation characteristics.</p>
<p>The pattern suggests accumulation at current levels, with traders positioning themselves for a potential breakout. At press time, <a href="https://www.coingecko.com/en/coins/dogecoin" target="_blank" rel="noopener noreferrer nofollow">Dogecoin trades at $0.3966</a>. The <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin has risen by 2.18% in the last day and a 9.73% price increase in the past week. Moreover, the daily trading volume is $9,829,070,908 according to CoinGecko data.</p>
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<p>The post <a href="https://captainaltcoin.com/meme-coin-trader-predicts-30-dogecoin-doge-price-rise-heres-the-outlook/" rel="noopener noreferrer nofollow">Meme Coin Trader Predicts 30% Dogecoin (DOGE) Price Rise: Here’s the Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Meme Coin Trader Predicts 30% Dogecoin (DOGE) Price Rise: Here’s the Outlook

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