Dogecoin (DOGE) has experienced a significant rally in the past few weeks, rising by 210% from $0.13 to above $0.41. This surge was fueled by anticipation surrounding the creation of the Department of Government Efficiency spearheaded by Elon Musk and Donald Trump. Although the rally has recently plateaued, a bullish pattern called a "running continuation flag" has been identified on the DOGE/USD chart, suggesting a potential price target of $0.66, endorsed by trader Peter Brandt. This pattern indicates that despite a temporary pause, the bullish momentum is still intact. If DOGE can break out from this pattern, the next logical price target is at least $0.66. As of now, DOGE is trading at $0.41.
- Content Editor ( newsbtc.com )
- 2024-11-30
How High Can Dogecoin Go? Legendary Trader Forecasts Next Price Target