Technical Breakout Alert: DOGE Eyes $0.34 After Bullish Chart Formation

• Dogecoin has formed a textbook inverse head and shoulders pattern, signaling a potential bullish reversal.
• The neckline at $0.17 has been broken and is now being retested — a common technical setup before a continuation move.
• If the $0.17 support holds, DOGE could target $0.34, representing a potential 100% upside.
• Technical indicators and rising market interest support the bullish case for its next breakout.

Dogecoin (DOGE) is moving in an upward direction and experiencing a surge in its price with the overall market and showing an Inverse Head and Shoulders pattern, which often predicts a bullish reversal for both long and short term. Both traders and investors are closely watching this coin to get a maximum recovery if a successful breakout occurs.

DOGE is currently trading at $0.1823 with a 24-hour trading volume of $799.55M and a market cap of $27.27B. The DOGE price over the last 24 hours is up by 1.59%, and over the last week its price has been hit by market volatility and is down by 4.98%, showing high potential for the next major rally.