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The bull flag pattern sets a target price of $2.15 for DOGE (DOGE), while DOGE's competitors show the potential for a 33x ROI.
Analysts expect that technical patterns and investor enthusiasm will drive the bullish scenario, and DOGE (DOGE) continues to excite cryptocurrency investors. The latest research from trader Tardigrade shows a bull flag formation on the daily chart of DOGE, setting a high target price of $2.15. While the DOGE bulls welcome this prediction, emerging challenger Rexas Finance (RXS) is taking the stage with its potential 33x ROI (Return on Investment).
Set DOGE target price at $2.15 with a Bullish Flag pattern
Trader Tardigrade recently pointed out on X that a strong bullish flag pattern is forming on the daily chart of DOGE. Research shows that DOGE has entered a significant consolidation phase within this optimistic framework. A long flagpole represents the first upward trend, indicating that the price of DOGE may rise to $2.15 by the end of the year.
This prediction is consistent with the historical trend of DOGE showing a rapid upward trend after a long period of consolidation. Trader Tardigrade sees a double bottom chart pattern on the DOGE chart, which reinforces a positive attitude. This pattern is often considered a reversal signal, with two equal lows and a neckline resistance near $0.46.