Dogecoin May Soon Rise Sharply: The Chart Shows This

Dogecoin has just broken out of a long term downtrend that has been holding back the price since late 2024. According to Crypto Charts (@Cryptokartha on X), this breakout could signal the beginning of a major shift. The current price of Dogecoin is around $0.20 and this breakout is occurring with strong momentum. The pattern on the chart is a bullish flag pattern, often signaling a strong price increase about to occur. This pattern forms when the price consolidates after an initial surge and then breaks out in the same direction. That is exactly what is happening with Dogecoin right now. The price of DOGE could increase by more than 130%. Crypto Charts believes that this breakout could push the price of Dogecoin to around $0.47. If that happens, the price will increase by 135% from the current breakout point. The chart clearly marks this forecast with a vertical arrow, indicating how far the price could fluctuate if this bull run continues.

Price prospects are based on the strength of the model and timing. After several months of moving sideways and creating lower highs, the price of Dogecoin is currently moving with strong conviction above the resistance level. Why This Breakthrough Could Be a Big Problem The consolidation forming this flag pattern began after Dogecoin's previous price surge at the end of 2023. Since then, the price has tightened more closely within this pattern. These types of setups can lead to explosive movements when they are eventually resolved. Now that DOGE has broken out, traders will closely monitor whether the price can hold above the old resistance level. If so, and if trading volume increases, the target of $0.47 will be more likely to be reached. The cryptocurrency chart may have detected something. Dogecoin has been quiet for a while, but this breakout could change that. The price of Dogecoin is currently showing strong technical signals, and if the upward momentum continues, this could be the beginning of another major price increase. The chart has said it all. DOGE may be preparing to rise stronger than in recent months.