DOGE Soars by 22% Following Bull Flag Breakout, Prompting a $0.295 Target

Over the past week, Dogecoin (DOGE) has experienced a 22% increase in value, with a current price of $0.24. Analysts have predicted potential prices of $0.27 and $0.295 following a bull flag breakout on the 4-hour chart. The pattern began with a rise from $0.20 to $0.24, followed by a brief period of downward consolidation.

Now, the price has broken above the upper channel, suggesting a continuation of the previous rally. Additionally, a "golden cross" has appeared on DOGE's daily chart, indicating a possible upward trend. Amidst this market activity, large wallets have acquired over 1 billion DOGE. This price increase has shifted focus back onto trading activity, as speculation of a stalled rally ahead of the SEC's DOGE ETF decision has cooled.