DOGE’s price has surged by over 22% in the past week, fueled by a bullish breakout that analysts believe could propel it to a target price of $0.295. This significant climb is driven by factors like expansion in DeFi applications and increasing interest from institutional investors. Technical analysis suggests this surge is part of a bull flag pattern on the 4-hour chart. The price has broken above the upper channel, indicating a continuation of the rally. A key support level around $0.20, which was previously acting as resistance, now serves as a crucial area for market stability. Analyst Ali Martinez believes a near-term target of $0.27 is attainable based on an hourly chart analysis. 1 Billion DOGE were bought by whales in recent trading sessions, further contributing to this rally. The open interest of Dogecoin futures, options, and volume have all spiked significantly as the price movement captures market attention.