Dogecoin (DOGE) Price Prediction: Why $0.169 Could Be Pivotal to the Meme Coin's Future

The crypto market saw one of its most positive weeks in the last seven days, and Dogecoin was one of the major beneficiaries of this momentum shift.

.169 Could Be Pivotal to the Meme Coin's Future" >

The crypto market had a positive week, and Dogecoin was one of the major beneficiaries of this momentum shift. According to a popular crypto pundit, the meme coin is not done yet and is gearing up for another move to the upside.

Here’s Why $0.169 Could Be Pivotal To DOGE’s Future

In a recent post on X, prominent crypto analyst Ali Martinez shared an exciting outlook for the price of Dogecoin over the next couple of days. According to the market expert, the largest meme coin is looking to cross the $0.200 landmark as the month of November progresses.

This bullish projection is based on the formation of a bull flag pattern on the Dogecoin four-hour chart. The bull flag is a technical analysis pattern characterized by a period of sustained upward movement (the flagpole) followed by a brief period of price consolidation or slight downward movement (the flag).

Typically, the bull flag is a strong upward continuation pattern that could indicate the continuation of a positive run. The key is to wait for the breakout of the flag (the price consolidation) before confirming the continuation of the upward trend. This breakout from the flag often results in a move higher, usually measuring the length of the prior flag pole.

According to Martinez, this pattern seems to be playing out on the Dogecoin four-hour chart, with the trigger point lying around the $0.169 mark. The analyst noted that there is a major resistance around $0.168, and a successful close above this region could see the DOGE price rally up towards its 2024 high.

Using the length of the first flagpole, the price target for Dogecoin is placed at around $0.209, which would represent a 29% rally from the current price point. While a move to $0.209 would reflect a major leap in the meme coin’s price trajectory, DOGE would still be about 250% away from its all-time high price of $0.7316.

Dogecoin Price At A Glance

At the time of writing, the price of Dogecoin is around $0.1603, showing a slight 1.1% increase in the past day. While the meme coin seems to have slowed down in the last 24 hours, its weekly performance still ranks it among the best-performing assets in recent weeks. According to CoinGecko, the DOGE price has risen by almost 20% in the last seven days.

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