DOGE Price Prediction: Maintaining the $1 Target
From a technical perspective, the DOGE/USD daily chart shows a typical bullish flag pattern.
The bullish flag consists of two rally segments, with a brief consolidation period in between.
Initially, the price experiences a rapid increase, forming the flagpole part, which is usually driven by strong buying pressure, leaving sellers unable to react in time.
The subsequent pullback phase forms the 'flag', with its upper and lower boundaries moving parallel, causing the price to fluctuate within a narrow range, showing slightly lower highs and lows.
This pullback process is typically due to profit-taking in the market, leading to a slowdown in the upward momentum, but the price does not break below key support.
Based on this pattern, DOGE's price is expected to resume its upward trend and may break above the current level in the coming weeks, targeting $1.
