Crypto analyst Trader Tardigrade has highlighted a bullish pattern on Dogecoin's price chart, suggesting a potential breakout. The Heikin Ashi chart reveals a bullish pennant, with a short-term target of $0.18 from the pennant pole. October has seen Dogecoin up over 22%.
Comparing October's gains to previous months, reaching $0.18 would match February's 50% rise. The analyst Dima James predicts that Dogecoin's uptrend might extend into 2025, potentially reaching $10, based on 2021 patterns.
Trader Tardigrade also mentioned a 'Reversal box' pattern, which supports the possibility of hitting $3.7 next year. KrissPax outlined a resistance at $0.22, forecasting a new all-time high (ATH) at $3 by 2025, with current resistance at $0.14.
Currently, Dogecoin is trading around $0.138, showing slight declines recently, as reported by CoinMarketCap.
