$DOGE Builds Momentum — Is $0.30 the Next Launch Target?

Dogecoin (DOGE), the top meme coin, is drawing renewed attention as a potentially bullish Ascending Triangle pattern forms on its daily chart. According to leading crypto analyst Trader Tardigrade, this setup hints at an imminent breakout that could send DOGE soaring toward the $0.30 mark.

The chart shows Dogecoin trading within a classic ascending triangle, where rising support meets a horizontal resistance line. This pattern is generally seen as a continuation indicator, with price often breaking upward once resistance is breached. So far, DOGE has made four key touches within the triangle—two on the uptrending support and two along the flat resistance. A fifth touch, which is currently forming, could signal the breakout phase.

Trader Tardigrade’s analysis suggests that if DOGE breaks out of this structure, a 42.5% surge could follow—taking the token from its current level of around $0.206 up to the $0.30 range. Supporting this bullish case, the four-hour (H4) chart also reveals a converging wedge formation, a sign of price compression that often precedes sharp moves. The wedge is defined by narrowing trendlines—one descending (resistance) and the other ascending (support)—with DOGE currently resting on the support boundary.

According to the analyst, this positioning puts Dogecoin at a critical inflection point. A modest retest of support could be followed by a bullish breakout, driving price beyond resistance and toward the $0.285–$0.29 zone. The technical forecast includes a large green arrow pointing to a potential breakout rally that culminates just under the $0.30 target.

With both patterns aligning and momentum building, Dogecoin bulls may be gearing up for their next big push. However, as always in crypto markets, traders should stay alert for invalidation signs and monitor volume closely for confirmation.

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