Dogecoin Analysts Predict Price Target of $0.32 Amid Pullback
Dogecoin (DOGE) has increased over 78% in the past 38 days. Analysts Bluntz and TSG indicate that this rally is supported by established technical patterns.
- DOGE peaked at $0.2597 recently, with a potential target in the mid-$0.30s.
- Bluntz identifies an inverse head-and-shoulders pattern confirmed in May, with significant volume during the breakout above $0.20.
- The projected price range based on this pattern is $0.26-$0.28, aligning with targets near the low-$0.30s.
- TSG notes a bull flag formation targeting $0.32928, with a critical support level at $0.20.
- If DOGE remains above $0.20, it may reach the $0.32 area.
- Current trading price for DOGE is approximately $0.228, close to key support levels.
