Wednesday, July 23, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Dogecoin Price Breaks Daily Candle With A Breakout Of The Bullish Pennant, Why A 200% Rally Is Possible

by SB Crypto Guru News
December 2, 2024
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0


The Dogecoin price has undergone bullish action in the last 24 hours on a continued rally from the November 26 low of $0.369. With the Dogecoin price recently trading at an intraday high of $0.4577, this translates to a 24% increase in seven days. 

Notably, this rally has seen the Dogecoin price break to the upside of a price pattern formation, which suggests that another major rally is ahead. Interestingly, technical analysis suggests that the Dogecoin price is on track to go on another 200% rally from here.

Dogecoin Price Daily Candle Closes With A Breakout

Dogecoin’s daily candle closed with a breakout above a key resistance level, which has opened it to another 200% price rally from here. Particularly, this resistance breakout occurred as a push above a bullish pennant formation on the Dogecoin price chart, which has been in play since the beginning of November.

This chart pattern was highlighted on social media platform X by crypto analyst Trader Tardigrade, who is known for his technical insights. According to him, Dogecoin’s daily candle closure marks a definitive breakout from the bullish pennant pattern that has been forming over the past month. This pattern, characterized by a period of consolidation following a strong upward move, often precedes another leg up in the asset’s price. 

#Dogecoin daily candle closes with a BREAKOUT candle of the Bullish Pennant 🔥$Doge is finally pushed above the resistance to break the pattern and starts the next surge to the target $1.3 🚀 https://t.co/ePF5JXL5WZ pic.twitter.com/TQnSz9jaRm

— Trader Tardigrade (@TATrader_Alan) December 2, 2024

For the case of the Dogecoin price, this upward move started from the beginning of November around $0.143 up until it reached above $0.43. This comes to a 200% rally in less than two weeks. Since then, the Dogecoin price has yet to undergo a strong rally, albeit a few upward moves that have also been complemented by corrections. These fluctuations have collectively shaped the bullish pennant, positioning the Dogecoin price for its next potential breakout move.

Why A 200% Rally Is Possible From Here

The breakout from the bullish pennant has raised the possibility of Dogecoin reaching new heights. With the breakout confirmed, the Dogecoin price could witness another 200% rally in early December, much like it did in early November. Projections indicate that this could see the Dogecoin price breaking above its current all-time high of $0.7316 and subsequently the $1 level. 

According to Trader Tardigrade, the price target to watch is $1.3, which is exactly 200% from the bullish pennant breakout level. Achieving this level, however, will require significant bullish momentum from Dogecoin bulls, with key resistance zones needing to be cleared along the way. The first of these key resistance zones lies at $0.457. Beyond this, the next significant challenge will be a significant break above the current 2024 high of $0.476.

At the time of writing, the Dogecoin price is trading at $0.439, and is up by 2.77% in the past 24 hours.

Dogecoin price chart from Tradingview.com
DOGE price at $0.43 | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com





Source link

Tags: Bitcoin NewsBreakoutBreaksBullishCandleCrypto NewsCrypto UpdatesDailyDogecoinLatest News on CryptopennantPriceRallySB Crypto Guru News
Previous Post

with a new all-time high at 6,032 and a gain of 5.7% for the month, the highest monthly gain this year. Investors are looking forward to November’s jobs report, Powell’s speech, US PMI data and any indication of what government policies under president Trump will look like.

Next Post

Clipper Reveals the Truth Behind the $450,000 Exploit

Related Posts

Ethereum Technical Analysis: Bullish Structure Intact—If ,600 Support Survives

Ethereum Technical Analysis: Bullish Structure Intact—If $3,600 Support Survives

by SB Crypto Guru News
July 23, 2025
0

Ethereum traded at $3,674 on July 23, 2025, with a market capitalization of $443 billion and a 24-hour trading volume...

MetaMask Launches An NFT Reward Program – Here’s More Info..

MetaMask Launches An NFT Reward Program – Here’s More Info..

by SB Crypto Guru News
July 23, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage MetaMask, the globally acknowledged cryptocurrency and non-fungible...

Illegal Crypto Network Uncovered In UK: ATMs Seized, Arrests Made

Illegal Crypto Network Uncovered In UK: ATMs Seized, Arrests Made

by SB Crypto Guru News
July 23, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A pair of arrests and the seizure...

Britain Weighs Selling .2 Billion Bitcoin Hoard to Fill Budget Gap

Britain Weighs Selling $7.2 Billion Bitcoin Hoard to Fill Budget Gap

by SB Crypto Guru News
July 23, 2025
0

The UK government is considering tapping into its massive Bitcoin reserve to help ease growing financial pressure. Chancellor Rachel Reeves...

Ethereum Price Stays Elevated—Bulls Eye Further Upside

Ethereum Price Stays Elevated—Bulls Eye Further Upside

by SB Crypto Guru News
July 23, 2025
0

Ethereum price started a fresh increase above the $3,720 zone. ETH is now showing bullish signs and might continue to...

Load More
Next Post
Clipper Reveals the Truth Behind the 0,000 Exploit

Clipper Reveals the Truth Behind the $450,000 Exploit

How Consulting Firms Can Guide Businesses Through Blockchain Implementation

How Consulting Firms Can Guide Businesses Through Blockchain Implementation

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.