Expert Analysis: $DOGE Second Bull Flag Could Propel Price to $0.90 🚀
1. Recent Rally and Bull Flag Formation:
Dogecoin ($DOGE ) has emerged as a top gainer, with analysts highlighting a second bull flag structure on the 2-hour price chart. Trader Tardigrade predicts this pattern could drive $DOGE to $0.90.
2. First Bull Pennant Overview:
Formed: November 5–7, 2024.
Initial Surge: Price rose from $0.1677 to $0.2187 after Donald Trump's U.S. election victory.
Pullback: Retraced to $0.1857 amid profit-taking.
Breakout: Consolidation phase led to a rally, peaking at $0.4389 by November 12—a 139% increase from the $0.1857 low.
3. Formation of Second Bull Pennant:
Post-Rally: After reaching $0.4389, DOGE entered another consolidation phase.
Current Action: Price is narrowing within the flag pattern, indicating potential for a continuation breakout.
Similarity: The recent flagpole mimics the previous pennant’s structure, setting the stage for another significant move.
4. Projected Target:
Expected Breakout: Trader Tardigrade anticipates a bullish breakout from the second pennant.
Target Price: If the breakout follows the first pennant’s pattern, DOGE could surge to $0.90—a 139% gain from current levels.
5. Supportive Factors:
Whale Activity: DOGE whales recently accumulated 160 million tokens within 24 hours, signaling renewed market interest.
6. Current Price:
At the time of analysis, DOGE is trading at $0.3752, consolidating within a tight range and awaiting a decisive breakout.
This technical setup, coupled with strong whale activity, points to a potentially explosive move for Dogecoin in the near term.
