The price movement of Dogecoin remains a question of the discussion between Crypto dealer on social mediaWith a well-known analyst that indicates a large breakout pattern that could fly to $ 1. Popular crypto analyst Lucky (@LLUCIANO_BTC) Recently shared His optimistic prospects with its 2.2 million followers on X and explained that the coveted price goal of USD is now only a matter of time for Dogecoin.
Bull flag patterns signaled strong swing
Although Dogecoin has shown a strong Bullic impulse in different places, it has surpass It is an all-time high of $ 0.7316 in this cycle. However, many Doge enthusiasts remain optimistic in the Meme coin, and many of them are looking forward to a possible break over 1 US dollar in this bull cycle. Ironically, Dogecoin has not even broken over 0.5 US dollars, which is the half -time brand for the 1 -dollar goal. Nevertheless, the crypto analyst Lucky found that it is only a matter of time before Doge acts with 1 US dollar.
Lucky’s Trust is based on A technical pattern that forms on Dotecoins price diagram. He shared his prospects in a contribution and emphasized a bull flag formation for the daily candle current. Interestingly, this bull flag has been in formation since November 2024 and is therefore a pattern of several months.
The pattern began with a strong rally in mid-November, until it reached a multi-year high of $ 0.484 in early December before it was faced with the rejection. Since then, the price campaign has shifted into the flag phase of the structure, which is characterized by a period of corrections and bounces off the upper and lower trend lines of the flag.
The Formation of a bull flag is regarded as a strong signal for further upward trend, especially under bullish market conditions. If the meme coin breaks out of this structure with sufficient volume, it could set the stage for a continued rally on new multi-year highs. When Doge continues to build dynamics in this setup, Crypto Analyst Lucky found that the rally could be “epic” in front of us.
Can Dogecoin really reach $ 1?
Reaching the 1 -dollar goal would be a crazy milestone for Dogecoin, similar to Bitcoin for the first time in this cycle over 100,000 US dollars. At the time of the letter, the Meme coin acts at $ 0.3289 and has a market capitalization of $ 48.6 billion. If it would achieve the 1 dollar brand, this would lead to an overall market capitalization of around 147.8 billion US dollars.
Although some may feel unrealistic due to its status as a memen coin, calculations on 1 US dollar for Dogecoin mean that this is certainly possible. It only needs a Only a few stimulants for it happen. Such a stimulant is a Dotecoin ETF that could have the same thing Effect as with Bitcoin. When approved, a Dogecoin ETF could Significantly increase investment instruments and create a continued purchase pressure for the Meme coin. Another factor that could improve the rise of Dotecoin is a broader, especially if it becomes an official payment option on a large platform like X.
Dotecoin is $ 1 Just a matter of time. However, it is also possible that Doge could start consolidating this brand as soon as it is reached at some point, similar to Bitcoin’s Current behavior around 100,000 US dollars.
Selected picture of Unsplash, diagram of tradingview.com