Over the past week, Dogecoin has experienced significant price momentum as part of a broader positive trend in the crypto market. Key to this trend is the perspective shared by crypto analyst Ali Martinez, who predicts further growth for Dogecoin.
Martinez highlights a bull flag pattern on the Dogecoin four-hour chart. This technical indicator suggests continued upward movement once the price breaks out of a consolidation phase, making the $0.169 level crucial for Dogecoin's price trajectory.
With resistance at $0.168, a close above this point could propel Dogecoin towards $0.209, representing a potential 29% increase. Although significant, DOGE would still remain around 250% below its all-time high.
As the current price stands at $0.1603, and with recent weekly gains of nearly 20%, Dogecoin remains an attractive asset following this positive market shift.
