Crypto analyst Trader Tardigrade has revealed that the Dogecoin price is 
following a bullish signal, which could lead to a rally above the $0.15 level. 
This comes as the crypto market rebounds, with Bitcoin rallying to a new 
yearly above $97,000. Dogecoin Price Eyes Rally Above $0.15 With This Bullish 
Signal In an X post, Trader Tardigrade hinted that the Dogecoin price could 
rally above $0.15 after rebounding from the Kumo support, which was exactly 
what the bullish signal flagged. The rebound comes amid the broader crypto 
market rally, with major crypto assets also recording significant gains as 
Bitcoin rallies above $97,000, with the psychological $100,000 level now in 
sight. Related Reading: Dogecoin Rapid Accumulation Suggests Sharp Upward 
Sweep Is Coming In another X post, Trader Tardigrade revealed that the 
Dogecoin price has formed a bull flag on the weekly chart and is now targeting 
the $0.195 price level. This will bring the leading meme coin close to the 
psychological $0.2 level, with a break above it paving the way for new local 
highs. Crypto analyst Crypto Tony highlighted the $0.154 level as being 
critical for the next leg up for the Dogecoin price. His accompanying chart 
showed that reclaiming this level would spark a rally above $0.16. One factor 
that could contribute to this bullish run for the foremost meme coin is 
renewed inflows into the Dogecoin ETFs. SoSoValue data shows that these 
Dogecoin ETFs still recorded zero flows on January 14 despite the rebound in 
the Dogecoin price. However, this could change soon, as these funds notably 
saw increased demand at the start of the year, when DOGE rallied to as high as 
$0.15, making it one of the best-performing crypto assets among the top 10 
coins by market cap. What’s Next For DOGE As It Targets New Highs In an X 
post, crypto analyst Kevin Capital stated that a successful retest followed by 
a new local high will be further evidence that the corrective phase for the 
Dogecoin price has ended. This came as he noted that DOGE, like BTC and many 
other altcoins, has since come back and successfully tested its key 4-hour MAs 
after breaking out of them, attempting to end its major corrective phase. The 
analyst added that a new high would be a break of $0.157. Related Reading: 
Here’s Why The Bitcoin, Ethereum, And Dogecoin Prices Are Surging Today 
Meanwhile, crypto analyst Bitcoinsensus has suggested that the Dogecoin price 
could rally to as high as $4.5 if DOGE is repeating its macro cycle pattern. 
The analyst noted that so far this cycle, the meme coin has maintained its 
ground and has mainly been moving sideways. As such, it remains to be seen if 
this cycle can be as explosive as the last ones. At the time of writing, the 
Dogecoin price is trading at around $0.143, down in the last 24 hours, 
according to data from CoinMarketCap. Featured image from Pixabay, chart from 
Tradingview.com

Dogecoin Price Is Following This Bullish Signal With A Major Target

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