Analyst sets this condition for Dogecoin price to rally over 30%
As Dogecoin (DOGE) price confirmed a renewed uptrend after rallying over 33% last week, Ali Martinez, a popular crypto market analyst, believes this dog-themed memecoin could rally more than 30% amid its bullish flag formation. Martinez stated that Dogecoin price could rally towards $0.115, if it breaks above its bullish flag, a technical chart pattern that signals the continuation of an existing upward trend, in its 1 hour timeframe, according to an X post on August 28. With DOGE price hovering around $0.866 on Friday, this analyst expects a 32.79% upside in the near future, if the upper border of this bullish flag is broken. DOGE’s 1 hour chart. Source: TradingView Martinez previously had pointed out that Dogecoin price has established a strong support level around $0.081. This support level was backed by 30 billion DOGE traded near $0.081 as per Glassnode’s UTXO Realized Price Distribution (URPD), an on-chain metric that shows the amount of a crypto that last move...