Dogecoin Soars 150% as Analysts Eye Bold Price Targets

Dogecoin (DOGE-USD), the once-joke cryptocurrency, has skyrocketed by 150% this month, sparking fresh interest from analysts. Veteran trader Peter Brandt, who boasts over four decades of market experience, recently highlighted an inverted head-and-shoulders pattern on Dogecoin’s chart. According to U.Today, this pattern suggests the coin could approach its all-time high of $0.73.

Traders Discuss Bullish Patterns on DOGE

Brandt isn’t alone in his observations. Another trader proposed that Dogecoin might be forming an “upsloping flag,” a technical pattern linked to continuation trends. Brandt acknowledged this perspective, adding that if the flag plays out, it could push Dogecoin’s price to $0.66—a tantalizing prospect for bullish investors.

At the time of writing, Dogecoin is sitting at $0.4197.