Dogecoin Price Flashes Bullish Pennant On Daily Heikin Ashi Chart, What This Means

Quick Summary:

DOGE has already enjoyed a massive uptrend this month as CryptoRank data shows that the foremost meme coin is up over 22% in October, a monthly performance that has only been topped this year by its price gains in February and March.  However, a rise to $0.18 this month would match October’s price gains with those recorded in February, when DOGE enjoyed a monthly return of 50%.

Based on this development, the analyst provided insights into how high the Dogecoin price could rise in the short term.  Dogecoin Price Flashes Bullish Pennant Trader Tardigrade revealed in an X post that the Dogecoin price has reached the tip of a bullish pennant on the daily Heikin Ashi chart.

He added that an "easy target” measured from the pennant pole is $0.18.  Related Reading: Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains The analyst’s accompanying chart showed that the Dogecoin price could reach this target before the month ends.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: DOGE news Crypto Crypto analyst Dogecoin price Crypto news Dogeusdt Dogecoin Doge price Doge Dogecoin news Dogeusd Analyst

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 20:30:36 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 63 lines

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Copyright Owner: © NewsBTC

News ID: 23245086

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