Dogecoin (DOGE) Price Prediction: Will the Meme-Based Cryptocurrency Continue its Upward Trajectory?

Dogecoin (DOGE) has emerged as a standout performer in the cryptocurrency market, boasting an impressive rally over the past 34 days.

Dogecoin (CRYPTO: DOGE) has had an impressive run over the past 34 days, surging by 210% and rising from $0.13 to over $0.41.

This surge was partly driven by the buzz surrounding the establishment of the Department of Government Efficiency (DOGE), a project reportedly championed by Dogecoin advocate Elon Musk under the incoming U.S. President Donald Trump.

However, despite this remarkable ascent, DOGE's momentum has stabilized somewhat, with prices exhibiting sideways movement over the past 16 days.

But a closer look at the daily DOGE/USD chart reveals a bullish technical formation that could signal further price gains.

Crypto analysts have identified a "running continuation flag" on the DOGE/USD chart. This pattern typically indicates a strong uptrend followed by a period of consolidation before the resumption of bullish momentum.

In Dogecoin's case, the pattern materialized after an initial surge from below $0.19 to over $0.39, forming the "pole" of the flag. The subsequent consolidation, between $0.34 and $0.48, has created the flag's "body."

To forecast DOGE's next move, analysts use the flag's pole length—approximately $0.20 in this scenario—to predict a potential price target.

By applying this measurement to a breakout point around $0.50, Dogecoin could rise to $0.70.

However, prominent crypto trader @Kultigin83 offers a more conservative projection of $0.66, highlighting the pattern's reliability for bullish continuation.

If DOGE breaks above the upper boundary of the flag, achieving at least $0.66 seems plausible.

This would solidify Dogecoin's position as a top-performing cryptocurrency, continuing its upward trajectory amidst a backdrop of increasing adoption and speculative interest.

The next few weeks will be critical for Dogecoin. Should it successfully maintain its momentum and achieve a breakout, the $0.66 target would not only validate the pattern but also reinforce bullish sentiment in the broader crypto market.