- Dogecoin confirms bull flag breakout with $0.264 target as price and volume surge above resistance.
- DOGE trading at $0.2407 with 12.38% daily gain, supported by strong market cap and volume growth.
- Analysts expect a move toward $0.28–$0.30 if support holds and Bitcoin maintains an upward trajectory.
Dogecoin has successfully broken out of a Bull Flag pattern on the 4-hour timeframe, signaling a continuation of its upward move. The breakout above the descending flag channel has been supported by strong volume and bullish momentum, with the next technical price target set at $0.264.
Bull Flag Breakout Signals Trend Continuation
Dogecoin completed Bull Flag pattern and confirmed a breakout above the resistance level, according to analysis prepared by TraderTardigrade. The pattern formed after a prior uptrend, with the price consolidating within a descending channel. This phase typically signals a pause before the next move in the direction of the previous trend.
The breakout was confirmed by a strong move beyond the upper channel line, accompanied by increased volume. Price surged past the $0.21 mark, indicating renewed buying pressure. The projected target based on the flagpole height stands at $0.264, using a standard technical measurement technique.
Price action on the 4-hour chart shows consistent higher lows and continued strength above short-term moving averages. Support held above $0.2300 throughout the day, while resistance at $0.2400 was surpassed during the upward momentum.
Market Data and Analyst Outlook Point to $0.264 and Beyond
Dogecoin is currently trading at $0.2407, showing a 12.38% increase in the past 24 hours. Market capitalization has climbed to $36.15 billion, placing Dogecoin at the #8 spot in global rankings. Trading volume increased by over 65% to reach $5.79 billion, confirming higher investor participation.
According to an observation by Kev_Capital_TA, Dogecoin remains in a recovery phase and could reach the $0.28 to $0.30 area. He stated that it is “only a matter of time before Dogecoin makes its move back up to the .28–.30 level and then well beyond.”
He added that Bitcoin’s performance near $120,000 remains crucial to sustain this trend. DOGE continues show strength, maintaining momentum as long as support levels hold and volume remains steady.
