CandleFocus Expert Says Dogecoin Second Bull Flag Structure To Take Doge to $0.90
2024-11-17
Author: Content Editor
The latest rally in Dogecoin has made it one of the top gainers, and analysts believe there is further upside potential. Trader Tardigrade has identified a second bull pennant pattern on the 2-hour price chart, with a target of $0.90. The first pennant formed following the victory of Donald Trump in the U.S. elections, and its breakout led to a massive rally. The current consolidation phase is similar to the first pattern, indicating the potential for another breakout. If this happens, Dogecoin could surge to $0.90, representing a 139% gain from its current level. The recent accumulation of 160 million tokens by Dogecoin whales could support this upward momentum.
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