Dogecoin price analysis: The ascending triangle on the 2-hour chart shows that DOGE is still very optimistic.

Cryptocurrency analyst KrissPax has provided a bullish outlook for Dogecoin, indicating recently that the leading meme coin is still very bullish. DOGE is currently experiencing a consolidation phase, having seen significant gains from October to early November. The price of Dogecoin is still very bullish despite the recent cooling down In a recent post on X, KrissPax stated that the price of Dogecoin remains optimistic despite recent cooling. The cryptocurrency analyst declared that Dogecoin is trading on a 2-hour chart with a classic ascending triangle pattern. He further noted that this pattern appears optimistic with a flat resistance line, higher lows, and even a strong leverage spike.

KrissPax is not the first to highlight the ascending triangle pattern on the DOGE chart, which provides price increase prospects for Dogecoin. Crypto analyst Rekt Capital recently attracted community attention to this price increase pattern and believes that Dogecoin could rise to $0.56 when breaking out of this consolidation triangle. Since the parabolic price increase in mid-October and early November, the price of Dogecoin has stabilized within the range of $0.4. However, cryptocurrency analysts such as Master Kenobi and Kevin Capital believe that the price action of this meme currency is expected and still in a bullish zone despite this cooling-off period. According to these analysts, the price of Dogecoin has been consolidating for about 25 days in the last uptrend after the initial uptrend before it had another uptrend. History seems to be repeating itself, as the top meme coin has been consolidating for a similar number of days this time. This consolidation phase could end soon, as Dogecoin’s price has cooled off for about 25 days during this time. In line with this, Master Kenobi predicts that Dogecoin could enjoy another price surge in the coming days, rising to $1 and ultimately reaching as high as $2.9. The next stage of DOGE will be ‘Violence’. Cryptocurrency analyst Bluntz Capital has predicted that the next price surge of Dogecoin will explode. In a post on X, he declared that Dogecoin will experience a “violent price increase” as it breaks out of this 3-week accumulation trend. His accompanying chart shows that the top meme coin will reach $0.6 in this next price surge.

This expected price increase will bring Dogecoin close to its all-time high (ATH) of $0.73. Cryptocurrency analyst Crow also predicts a price hike for Dogecoin, stating that market participants should not sell DOGE. His accompanying chart shows that this meme currency may even break its current ATH in this next price increase.