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">
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<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>
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<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

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