Dogecoin price is showing signs of potential bullish momentum, reaching a new all-time high and indicating a strong market sentiment. Technical analysis reveals an inverse head and shoulders pattern on the 15-minute chart, confirming a breakout followed by retest. This signals a possible continuation of the upward trend. 5.8% dip in price did not dampen bullishness as Dogecoin remains in a clear uptrend. Derivative data reflects mixed sentiment with longs seeing significant losses following the recent pullback. However, key support levels remain intact at $0.225. A break above resistance around $0.25 is crucial for further upside. 75% of liquidated positions were long, highlighting the severity of this event. Expert analysis suggests that if the market continues to consolidate, Dogecoin price could hit the $0.30 target and potentially even higher if Bitcoin’s price remains stable above $104,000.