Crypto analyst KrissPax maintains a bullish outlook on Dogecoin, despite its recent consolidation phase following a strong rally in October and early November. DOGE is trading within an ascending triangle pattern on the 2-hour chart, featuring higher lows and flat top resistance, a classic setup for a bullish breakout.
📊 Bullish Patterns Confirmed
KrissPax and fellow analyst Rekt Capital highlight the ascending triangle as a strong indicator for a potential rally. Rekt Capital predicts a breakout could push DOGE to $0.56, while other analysts like Master Kenobi see potential for a pump to $1 and eventually $2.9.
💹 Consolidation Before the Next Move
DOGE has been consolidating around $0.4 for nearly 25 days, similar to the consolidation seen during its last bull run before a major rally. Analysts believe history may repeat itself, setting the stage for another significant upside move.
🔥 "Violent" Upside Ahead
Bluntz Capital predicts an explosive breakout, with DOGE potentially surging to $0.6 in its next leg up. Other bullish forecasts from analysts like Crow suggest the meme coin could surpass its all-time high of $0.73 in the near term.
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