Dogecoin (DOGE) has surged 22% over the past week, with a 7.5% increase in the last 24 hours, reaching $0.24. The rise is driven by a bull flag breakout, as identified by analyst Trader Tardigrade, who set a price target of $0.295. The pattern began with a move from $0.20 to $0.24, forming a flagpole, followed by consolidation. Support levels are at $0.23 and $0.22, with resistance at $0.25.
Analyst Ali Martinez also noted a similar setup, predicting a potential rise to $0.27 if the price holds above the breakout level. A 'golden cross' on the daily DOGE/USD chart suggests continued bullish momentum. Coinglass data indicates increased futures and options open interest, while large wallets have acquired over 1 billion DOGE, valued at $200 million, signaling strong market sentiment.
Dogecoin Jumps 22% Following Bull Flag Breakout, Eyes $0.295
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