Dogecoin (DOGE-USD), the once-joke cryptocurrency, has skyrocketed by 150% this month, sparking fresh interest from analysts. Veteran trader Peter Brandt, who boasts over four decades of market experience, recently highlighted an inverted head-and-shoulders pattern on Dogecoin’s chart. According to U.Today, this pattern suggests the coin could approach its all-time high of $0.73.
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Traders Discuss Bullish Patterns on DOGE
Brandt isn’t alone in his observations. Another trader proposed that Dogecoin might be forming an “upsloping flag,” a technical pattern linked to continuation trends. Brandt acknowledged this perspective, adding that if the flag plays out, it could push Dogecoin’s price to $0.66—a tantalizing prospect for bullish investors.
At the time of writing, Dogecoin is sitting at $0.4197.
