Price Prediction for Dogecoin: A March Towards $0.35 Looks Likely

Elon Musk’s favorite coin, Dogecoin, was boosted by a well-received tweet on Thursday, drawing fresh positive Dogecoin price predictions to the game.

Musk was replying to a tweet in which someone slammed people who don’t run Dogecoin nodes, to which the Dogecoin-loving Musk replied with a “100.” Dogecoin increased by 2.11 percent on the day as a result of the tweet. This comes on top of the 2.87 percent gain observed on Wednesday.

The gains come as cryptos have recently taken on a bullish tone. There has been a lot of interest in Dogecoin-themed tokens, so it only seems sense that Dogecoin will join the bullish party.

Dogecoin Price Prediction

On the daily chart, there is a bullish flag visible. The top boundary of the flag consolidation area is being challenged by Thursday’s upward move. The pattern is completed when this flag is broken, and the door to the 0.3015 price level as the completion point is opened. This move must break through the 0.2643 resistance level (26 August low and 10 September high). The next barrier objective for an extension of the uptrend is 0.3496.

A price rejection at the top edge of the flag, on the other hand, pushes the price action towards the 0.2195 support. If this support level is broken, the price will drop to 0.1961, with 0.1634 as an additional downside target. This circumstance renders the pattern useless.