Dogecoin’s price movement remains a matter of discussion between Cryptographic merchants on social networksWith a well -known analyst that points to an important breakup pattern that could make Duda rise to $ 1. popular Crypto Analyst Lucky (@lluciano_btc) Recently shared His upward perspective with his 2.2 million followers in X, stating that the coveted target price of $ 1 for Dogecoin is now only a matter of time.
The bull flag pattern indicates a strong impulse
Although Dogecoin has shown a strong bullish impulse at several points, he has still to overcome It is a historical maximum of $ 0.7316 in this cycle. However, many Duxt enthusiasts are optimistic in memes currency, and many of them expect an eventual rest above $ 1 of this bull cycle. Ironically, Dogecoin has not even broken above $ 0.5, which is half to achieve the objective of $ 1. However, the encryption analyst Lucky pointed out that it is only a matter of time before Doge begins to operate at $ 1.
Lucky Trust is based on A technical pattern that is formed in the Dogecoin price table. Sharing his perspective in a publication, he highlighted a bull flag formation within the daily period of candlesticks. Interestingly, this bull flag has been in formation since November 2024, which makes it a pattern of several months.
The pattern began with a strong demonstration in mid -November until it reached a maximum of several years of $ 0.484 in early December before facing rejection. Since then, the price action has changed to the flag phase of the structure, characterized by a period of corrections and bounces in the upper and lower trend lines of the flag.
He Formation of a bull flag It is considered a strong signal for more rise, especially in the upward market conditions. If the meme currency explodes from this structure with sufficient volume, you could prepare the scenario for a sustained manifestation to new maximums of several years. As Dege continues to generate impulse within this configuration, the Lucky cryptography analyst said the rally ahead “could be epic.”
Can Dogecoin really reach $ 1?
Getting to the target of $ 1 would be a crazy milestone for Dogecoin, just as Bitcoin broke over $ 100,000 for the first time in this cycle. At the time of writing this item, the meme currency is quoted at $ 0.3289 and has a market capitalization of $ 48.6 billion. If the $ 1 brand reached, this would result in a total market capitalization of approximately $ 147.8 billion.
Although some may find this unrealistic due to their state as a meme coin, the calculations suggest that a price of $ 1 for Dogecoin is surely possible. You only need one Few stimulants for this happen. One of those stimulants is an ETF Dogecoin, which could have the same Effect as I did for Bitcoin. If approved, a Dogecoin ETF could Significantly increase investment tickets and create sustained purchase pressure for memes currency. Another factor that could improve Dogecoin increase is the broader utility, particularly if it becomes an official payment option on an important platform like X.
Dogecoin at $ 1 is Just a matter of time. However, it is also possible that Dege can begin to consolidate around this brand once it finally reaches it, similar to Bitcoin’s Current behavior around $ 100,000.
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