Dogecoin Pullback May Be Short-Lived—Here’s The Next Price Target 🐶
Dogecoin's impressive rally of over 78% in recent weeks is seen as more than just a temporary surge. According to chartists Bluntz and TSG, classical continuation structures remain intact, which supports further bullish momentum. Both analysts view the next price objective in the mid-$0.30s, following a recent peak at $0.2597.
Bluntz highlights a twelve-hour Binance chart that depicts an inverse head-and-shoulders pattern confirmed in early May. This suggests a potential continuation towards the $0.30s, with substantial market participation signaled by volume data. Meanwhile, TSG focuses on a four-hour chart, noting a bull flag pattern.
A breakout could push prices to around $0.32928, yet the critical support point seems to be $0.20, which aligns with the midline of a descending trend channel that has influenced prices since December last year. If Dogecoin maintains levels above $0.20, analysts agree that a move to the $0.32 range is likely.
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