Dogecoin Price Prediction: Chart Predicts $1+ $DOGE – Analyst Says the Bull Run Could Start Any Moment.

A $1 DOGE call lights up traders – Dogecoin price prediction points to a breakout as a 2024 chart pattern reappears.

DOGE continues its downward decline on Christmas Day as the token has retreated by 1% in the past 24 hours. However, one analyst sees an explosive move ahead and shared a bullish Dogecoin price prediction of $1 if historical patterns repeat.

Dogecoin seems headed to close the year with losses exceeding 60% as the crypto market has shunned well-established meme coins and has mostly favored exotic tokens.

However, trader Alan Tardigrade spotted an interesting duplicate of a descending triangle pattern that popped up back in 2024, and that led to a spike in the price of DOGE shortly afterward.

Same as back then, the On-Balance Volume (OBV) technical indicator fell below a key area of support and then started to increase rapidly after DOGE broke the triangle.

Tardigrade predicts a potential move to $1 if this happens. This is consistent with the kind of upside potential seen in 2024, when DOGE spiked from $0.10 to $0.45 in a matter of weeks.