{"id":439018,"date":"2024-11-03T01:30:43","date_gmt":"2024-11-02T20:00:43","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=439018"},"modified":"2024-11-02T14:32:32","modified_gmt":"2024-11-02T09:02:32","slug":"dogecoins-latest-bullish-flag-pattern-can-push-doges-price-to","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoins-latest-bullish-flag-pattern-can-push-doges-price-to\/","title":{"rendered":"Dogecoin&#8217;s latest bullish flag pattern can push DOGE&#8217;s price to&#8230;"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Dogecoin\u2019s price appreciated by more than 20% in the last seven days<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">A few market indicators hinted at a correction in the near term<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Dogecoin [DOGE]<\/span><\/a><span style=\"font-weight: 400;\"> defied all odds last week with its impressive performance on the charts. That&#8217;s not all though as some signs seemed to suggest that this just might be the beginning of yet another massive bull rally. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, the latest analysis revealed a bull pattern, one which can push DOGE&#8217;s price much higher.\u00a0<\/span><\/p>\n<h2>Dogecoin awaits a major breakout<\/h2>\n<p><span style=\"font-weight: 400;\">Dogecoin\u2019s bulls clearly dominated the market last week as the memecoin\u2019s price appreciated by more than 20% in the last seven days. In the last 24 hours alone, DOGE\u2019s price surged by 4%. At press time, the world\u2019s largest memecoin was trading at $0.1622. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">AMBCrypto&#8217;s look at IntoTheBlock\u2019s data revealed that after the aforementioned hike, 5.34 million DOGE addresses were in profit. This number accounted for 84% of the total number of Dogecoin addresses.\u00a0<\/span><\/p>\n<figure id=\"attachment_439019\" aria-describedby=\"caption-attachment-439019\" style=\"width: 2350px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.00.18\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-439019 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.00.18\u202fPM.png\" alt=\"\" width=\"2350\" height=\"892\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.00.18\u202fPM.png 2350w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.00.18\u202fPM-300x114.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.00.18\u202fPM-1024x389.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.00.18\u202fPM-768x292.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.00.18\u202fPM-1536x583.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.00.18\u202fPM-2048x777.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.00.18\u202fPM-1200x455.png 1200w\" sizes=\"(max-width: 2350px) 100vw, 2350px\" \/><\/a><figcaption id=\"caption-attachment-439019\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Amidst all this, Ali, a popular crypto analyst, shared a <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/1852553884830486881?t=b42APr_lbjdvPH-qMtsVPw&amp;s=19\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> highlighting a bull pattern on Dogecoin\u2019s chart. According to the same, DOGE\u2019s price surged sharply a few days ago. Following the same, DOGE\u2019s price registered a slight correction. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, this helped in forming a bullish flag pattern. At press time, DOGE was on the right track as it seemed to be approaching the upper limit of the pattern. A breakout above this flag pattern could push DOGE to $0.209 in the coming weeks.\u00a0<\/span><\/p>\n<figure id=\"attachment_439021\" aria-describedby=\"caption-attachment-439021\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.48.56\u202fPM-1.png\"><img decoding=\"async\" class=\"wp-image-439021 size-large\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.48.56\u202fPM-1-600x1024.png\" alt=\"DOGE's bull flag pattern\" width=\"600\" height=\"1024\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.48.56\u202fPM-1-600x1024.png 600w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.48.56\u202fPM-1-176x300.png 176w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.48.56\u202fPM-1-768x1311.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-02-at-1.48.56\u202fPM-1.png 826w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><figcaption id=\"caption-attachment-439021\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Interestingly, Elon Musk also played a major role in DOGE\u2019s latest pump, something that has happened multiple times in the past. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">AMBCrypto had previously <\/span><a href=\"https:\/\/ambcrypto.com\/dogecoins-22-hike-a-product-of-musk-trump-buzz-but-is-there-more-to-come\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> how Musk&#8217;s X post included a Dogecoin image. This could have stirred up bullish sentiments, in turn pushing the memecoin\u2019s price up sharply.\u00a0<\/span><\/p>\n<h2>Will this uptrend sustain itself?<\/h2>\n<p><span style=\"font-weight: 400;\">Since DOGE\u2019s recent performance was bullish, AMBCrypto checked the memecoin\u2019s on-chain data to find out the odds of Dogecoin sustaining its rally. According to Santiment, DOGE\u2019s MVRV ratio dropped after spiking on 29 October. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Similarly, DOGE\u2019s velocity also dropped, meaning that Dogecoin was used less often in transactions within a set timeframe. Both of these metrics suggested that DOGE might see a correction while consolidating inside a bullish flag pattern.\u00a0<\/span><\/p>\n<figure id=\"attachment_439023\" aria-describedby=\"caption-attachment-439023\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Dogecoin-DOGE-13.53.53-02-Nov-2024.png\"><img decoding=\"async\" class=\"wp-image-439023 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Dogecoin-DOGE-13.53.53-02-Nov-2024.png\" alt=\"DOGE's MVRV ratio dropped\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Dogecoin-DOGE-13.53.53-02-Nov-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Dogecoin-DOGE-13.53.53-02-Nov-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Dogecoin-DOGE-13.53.53-02-Nov-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Dogecoin-DOGE-13.53.53-02-Nov-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Dogecoin-DOGE-13.53.53-02-Nov-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Dogecoin-DOGE-13.53.53-02-Nov-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/Dogecoin-DOGE-13.53.53-02-Nov-2024-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-439023\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Finally, we assessed the memecoin\u2019s daily chart to better understand whether a price correction is around the corner or if it will continue to climb.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check out the <\/span><a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Dogecoin Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">We found that Dogecoin\u2019s Money Flow Index (MFI) registered a sharp downtick, hinting at a price decline. In case of a correction, DOGE might drop to its support near its 20-day SMA, from where the bulls will have an opportunity to regain control.\u00a0<\/span><\/p>\n<figure id=\"attachment_439025\" aria-describedby=\"caption-attachment-439025\" style=\"width: 2264px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/DOGEUSD_2024-11-02_13-58-06.png\"><img decoding=\"async\" class=\"wp-image-439025 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/DOGEUSD_2024-11-02_13-58-06.png\" alt=\"\" width=\"2264\" height=\"1456\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/DOGEUSD_2024-11-02_13-58-06.png 2264w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/DOGEUSD_2024-11-02_13-58-06-300x193.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/DOGEUSD_2024-11-02_13-58-06-1024x659.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/DOGEUSD_2024-11-02_13-58-06-768x494.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/DOGEUSD_2024-11-02_13-58-06-1536x988.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/DOGEUSD_2024-11-02_13-58-06-2048x1317.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/DOGEUSD_2024-11-02_13-58-06-1200x772.png 1200w\" sizes=\"(max-width: 2264px) 100vw, 2264px\" \/><\/a><figcaption id=\"caption-attachment-439025\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin\u2019s chart is flashing signs that holders should be happy with. <\/p>\n","protected":false},"author":75,"featured_media":439026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[6387,5824,66,3,4,20],"tags":[6427,6425],"class_list":["post-439018","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dogecoin-news","category-memecoins","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto","tag-featured"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dogecoin&#039;s latest bullish flag pattern can push DOGE&#039;s price to... - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Dogecoin [DOGE] defied all odds last week with its impressive performance on the charts. 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