Dogecoin’s price movement remains a matter of discussion among crypto dealers on social mediawith a well-known analyst pointing to a large breakout pattern that can send Dogge soaring against $ 1. Popular crypto analyst Lucky (@lluciano_BTC) Recently split His Haussearted vision with his 2.2 million followers on X, where he says that the coveted price for $ 1 for Dogecoin is now just a matter of time.
Bull Flag Patterns strongly signal momentum
Although Dogecoin has shown strongly hausseartat momentum at different points, it has Yet to surpass Its highest time of $ 0.7316 in this cycle. But many Dogge enthusiasts remain Hausse on the Meme coin, with many of those looking forward to a possible break over $ 1 this bull bike. Ironically, Dogecoin has not even broken over $ 0.5, which is the halfway mark to reach the $ 1 goal. Still, crypto analyst Lucky noted that it is only a matter of time before Dogge starts shopping at $ 1.
Tour Trust is based on A technical pattern formed on Dogecoin’s price chart. He shared his vision in a post and emphasized a bull flag formation on the time frame Daily Candlestick. Interestingly, this bull flag has been in formation since November 2024, making it a several month pattern.
The pattern started with a strong rally in mid -November until it reached a multi -year height of $ 0.484 in early December before he rejected. Since then, the price action has been moved into the flag phase in the structure, characterized by a period of corrections and bounces from the upper and lower trend lines in the flag.
The formation of a bull flag Considered as a strong signal for further upwards, especially in hausse -like market conditions. If the MEME coin breaks out of this structure with enough volume, it can set the stage for a long-lasting rally to new multi-year heights. When Doge continues to build momentum within this installation, Crypto analyst Lucky noted that rally forward “may be epic.”
Can Dogecoin really reach $ 1?
Reaching the $ 1 goal would be a crazy milestone for Dogecoin, just like how Bitcoin broke over $ 100,000 for the first time this bike. At the time of writing, the MEME coin is traded at $ 0.3289 and has a market value of $ 48.6 billion. If it was to reach the $ 1 mark, this would translate to a total market value of approximately $ 147.8 billion.
Although some may think this is unrealistic because of its status as a meme coin, calculations indicate that a $ 1 price is certainly possible. It just needs one Get stimulants for this to happen. Such a stimulant is a Dogecoin ETF, which may have the same Effect as it did for bitcoin. If approved, a Dogecoin ETF could Increase investment inflow significantly and create a long -lasting purchase pressure for the MEME coin. Another factor that can improve Dogecoin’s rise is broader usability, especially if it becomes an official payment option on a large platform such as X.
Dogecoin to $ 1 is Just a matter of time. However, it is also possible that Dogge can start consolidating around this brand when it eventually achieves it, similar to Bitcoin’s Current behavior about $ 100,000.
Image from Unsplash, chart from tradingview.com
