Spike

Dogecoin

<p>KrissPax sees a bull flag pattern forming in Dogecoin’s price action, suggesting potential for upside movement. The analyst draws out a clear flagpole formation followed by a consolidation phase, indicating temporary price stability before an anticipated breakout.</p>
<p>The cryptocurrency currently displays a textbook <a href="https://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx" target="_blank" rel="noopener noreferrer nofollow">bull flag pattern</a> with the initial sharp upward movement forming the flagpole. During the subsequent consolidation phase, DOGE has been trading in a rectangular channel with a slight upward tilt, accompanied by decreasing volume—a characteristic typical of this pattern.</p>
<h2 class="wp-block-heading" id="price-target-and-key-levels">Price Target and Key Levels</h2>
<p>Based on traditional technical analysis methods, <a href="https://x.com/krisspax/status/1867549169390420297?s=46" target="_blank" rel="noopener noreferrer nofollow">KrissPax projects</a> a price target of $0.69, calculated by extending the flagpole’s height from the breakout point. This ia a 70% spike from current level around $0.4. The 50-day Simple Moving Average maintains its position above the 200-day SMA, reinforcing the overall bullish trend.</p>
<p>For this bullish scenario to materialize, DOGE needs to breach the flag’s upper resistance with substantial volume.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/ripple-xrp-and-bitcoin-btc-could-be-about-to-affect-the-price-of-silver-heres-how/" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP) and Bitcoin (BTC) Could Be About to Affect the Price of Silver: Here’s How</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="594" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-614-1024x594.png" alt="" class="wp-image-599022" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-614-1024x594.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-614-300x174.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-614-767x445.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-614-1536x891.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-614-2048x1188.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-614-259x150.png 259w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-614-100x58.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-614-603x350.png 603w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-614-788x457.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-614.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Broader market conditions, particularly Bitcoin’s performance, will play a crucial role in validating this setup. Currently, the price action suggests strong buying pressure, though traders should remain vigilant of potential pullbacks to the breakout level.</p>
<p>Achieving the $0.69 target requires sustained momentum and favorable market conditions through year-end.</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>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/this-dogecoin-chart-pattern-shows-doge-price-could-see-70-spike-before-year-end/" rel="noopener noreferrer nofollow">This Dogecoin Chart Pattern Shows DOGE Price Could See 70% Spike Before Year End</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Dogecoin Chart Pattern Shows DOGE Price Could See 70% Spike Before Year End

Table of Contents

CaptainAltcoin

Other articles published on Dec 13, 2024

ZKsync targets 10K TPS and sub-zero fees by 2025 roadmap goals

99,999,980 XRP at Go: What's Going On?

DWF Labs Partners with The Abu Dhabi Blockchain Centre to Propel Web3 Innovation in MENA Region

SparkDEX Eternal Launches as Flare’s First Perpetual DEX

Invest $400 in These 5 Altcoins Today for a Shot at a $1.6 Million Portfolio – Gift Yourself an E...

MEXC Vietnam Unveils MShow: Bridging Communities and Driving Market Expansion

Join our free newsletter for daily crypto updates!