<p>Crypto folks are getting excited about what’s happening with <a href="https://captainaltcoin.com/dogecoin-price-prediction-as-elon-musk-calls-himself-the-dogefather/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin’s price</a> lately. Crypto expert CEO with over 500k followers shared on X (formerly Twitter) that DOGE might shoot up to $1.00 or even higher, saying the charts look ready for a big move. Looking at how DOGE is trading, the numbers hint that we could see prices climb soon.</p>
<h2 class="wp-block-heading" id="doge-chart-analysis-bullish-chart-pattern-observed">DOGE Chart Analysis: Bullish Chart Pattern Observed</h2>
<p>The daily chart for Dogecoin demonstrates a classic technical setup, featuring a symmetrical or ascending triangle pattern. This formation consists of a horizontal resistance line near $0.488 and an ascending support trendline, with price action consolidating within this structure. Historically, such patterns indicate a likelihood of continuation in the prevailing trend upon breakout.</p>
<p>The chart reveals that <a href="https://captainaltcoin.com/memecoin-trader-predicts-violent-upside-move-in-dogecoin-doge-price-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin’s price</a> recently broke above the upper resistance level, accompanied by a strong upward move. This breakout is depicted by a vertical projection on the chart, indicating a potential target between $0.70 and $0.75. The measured move is based on the height of the triangle added to the breakout point, which aligns with the bullish sentiment highlighted in the tweet.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="709" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-316-1024x709.png" alt="" class="wp-image-594883" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-316-1024x709.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-316-300x208.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-316-767x531.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-316-1536x1064.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-316-2048x1419.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-316-217x150.png 217w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-316-100x69.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-316-505x350.png 505w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-316-788x545.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-316.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/Investments_CEO/status/1865587325465456649" target="_blank" rel="noopener noreferrer nofollow">X/CEO</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="support-and-resistance-levels">Support and Resistance Levels</h2>
<p>Key price levels have played a pivotal role in Dogecoin’s recent activity. The support zone, defined by the ascending trendline, has consistently been tested around $0.40 to $0.45, serving as a foundation for price rebounds. Meanwhile, resistance at $0.488 proved to be a critical level before the breakout, which occurred with strong upward momentum.</p>
<p>If this momentum sustains, the next significant price target remains the psychological level of $1.00, as suggested in the tweet. The breakout also indicates increased trading volume and positive sentiment, factors often associated with substantial price movements in cryptocurrencies.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/expert-makes-bold-cardano-ada-price-prediction-reveals-key-entry-zone/" target="_blank" rel="noopener noreferrer nofollow">Expert Makes Bold Cardano (ADA) Price Prediction, Reveals Key Entry Zone</a></em></strong></p>
<h2 class="wp-block-heading" id="tweet-aligns-with-chart-analysis">Tweet Aligns with Chart Analysis</h2>
<p>The tweet by CEO directly correlates with the observed price action. By declaring that the “chart is primed,” the post reinforces the bullish breakout narrative seen in the technical analysis. The author’s mention of “$1.00 &amp; beyond” suggests a belief in continued upward momentum, supported by the robust pattern identified in the chart.</p>
<p>While the chart indicates a strong bullish setup, the trajectory of <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin’s price</a> will depend on external market factors and broader sentiment. Breakouts often attract increased attention, and Dogecoin’s ability to sustain its momentum may shape its price in the near term. Analysts and traders will be monitoring key levels closely as DOGE approaches potential milestones.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/will-dogecoins-price-reach-1-soon-analyst-says-doge-chart-is-primed/" rel="noopener noreferrer nofollow">Will Dogecoin’s Price Reach $1 Soon? Analyst Says DOGE Chart Is Primed</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Will Dogecoin’s Price Reach $1 Soon? Analyst Says DOGE Chart Is Primed

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