The Dogecoin price movement remains a question of discussion among Cryptographic traders on social networksWith a well -known analyst pointing to a major escape model that could send DOGE in evolution to $ 1. Popular crypto analyst Lucky (@Lluciano_BTC) recently shared His upward prospects with his 2.2 million followers on X, declaring that the target of coveted courses at $ 1 for Dogecoin is now only a matter of time.
The pattern of the bull flag signals a strong momentum
Although Dogecoin has shown a strong bullish dynamic at various times, it has again to exceed Its summit of $ 0.73,16 in this cycle. However, many DOGE enthusiasts remain optimistic about the medal of the same, many of which are impatiently waiting for a possible break above $ 1 this bull cycle. Ironically, Dogecoin did not even break above $ 0.5, which is halfway to reach the $ 1 lens. However, Crypto Lucky’s analyst noted that it was just a matter of time before Doge started to exchange at $ 1.
Lucky Confidence is based on A technical model forming on the table of Dogecoin prices. Sharing his perspectives in a post, he highlighted a training as a bull flag on the daily candlestick period. Interestingly, this bull flag has been in training since November 2024, making it a model of several months.
The model started with a solid rally in mid-November until it reached a multi-year summit of $ 0.484 in early December before rejecting rejection. Since then, the action of the prices has moved in the phase of the structure’s flag, characterized by a correction period and bounces on the higher and lower trend lines of the flag.
THE Formation of a Bull Flag is considered a strong signal for more increases, in particular under the Haussier market conditions. If the room even leaves this structure with enough volume, it could prepare the ground for a sustained rally for new multi -year summits. While Doge continues to take momentum in this configuration, the Crypto Lucky analyst noted that the rally to come “could be epic”.
Can Dogecoin really reach $ 1?
Reaching the lens of $ 1 would be a crazy step for Dogecoin, just like the way Bitcoin exceeded $ 100,000 for the first time this cycle. At the time of writing the editorial staff, the memes play is negotiated at $ 0.3289 and has a market capitalization of $ 48.6 billion. If it were to reach the $ 1 bar, this would result in a total market capitalization of approximately $ 147.8 billion.
Although some may find this unrealistic because of its status as a meme piece, the calculations suggest that a price of $ 1 for Dogecoin is surely possible. He only needs one Few stimulants for that To arrive. One of these stimulants is a Dogecoin ETF, which could have the same Effect as he did for Bitcoin. If approved, a Dogecoin ETF could Increase the investment entries considerably and create a sustained purchase pressure for the meme part. Another factor that could improve the rise in Dogecoin is a wider utility, especially if it becomes an official payment option on a major platform like X.
Dogecoin at $ 1 is Only a matter of time. However, it is also possible that DOGE can start to consolidate around this brand once it ends up obtaining it, similar to Bitcoin Current behavior around $ 100,000.
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