Cryptocurrency analyst Trader Tardigrade has brought to the attention of the community a bullish pattern on the Dogecoin price chart. Based on these changes, the analyst provided information on how high it is Dogecoin price may boost in the tiny term.

Dogecoin price is flashing with a bullish pennant

Tardigrade dealer revealed in X’s post that Dogecoin price has reached the top of a bullish pennant on the Heikin Ashi daily chart. Due to this event, the analyst concluded that a breakout was just around the corner. He added that an “easy target” measured from the pennant pole costs $0.18.

The attached analyst chart showed that Dogecoin price could reach this target before the end of the month. DOGE has already seen a huge uptrend this month because CryptoRank Data shows that the top meme coin rose by more than 22% in October, a monthly performance that has only been exceeded this year by price increases in February and March.

However, the price boost to $0.18 this month will match October’s price increases with those recorded in February, when DOGE recorded a monthly return of 50%. In March, Dogecoin’s price surged 87%, reaching a yearly high of $0.22.

This month’s upward trend in Dogecoin’s price is expected to last until the end of the year and even continue into the up-to-date year, according to a cryptocurrency analyst – said Dima James the upward trend in prices will continue in 2025. Interestingly, the analyst predicted that DOGE could go up to $10 and exceed this amount next year. He made this prediction based on a 2021 bull pattern that he believes the meme coin is replicating again.

Meanwhile, Trader Tardigrade recently mentioned that Dogecoin price repeated “Reversal box” movement from the bull market in 2021. Due to this pattern, the analyst predicted that DOGE could reach $3.7 next year.

Road to up-to-date record high of $3

Crypto analyst KrissPax provided insight into how Dogecoin’s price could trend at this up-to-date level highest level ever (ATH) from $3. An analyst taking advantage of the law of diminishing returns mentioned that it sees resistance at $0.22 which, if DOGE breaks above, will push its price to the next resistance level of $0.35.

He claimed that a successful break above this resistance level would cause the price of Dogecoin to decline current ATH of $0.73. When this happens, KrissPax predicts that in 2025 the top meme coin will reach a up-to-date ATH at around $3. Meanwhile, DOGE needs to clear resistance at $0.14, and a successful breakout will likely lead to a rally to $0.20.

At the time of writing, Dogecoin is trading at around $0.138, down over the last 24 hours, according to data from CoinMarketCap.

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