Dogecoin Price Targets $1.20 as Weekly Chart Shows Strong Uptrend

Dogecoin (DOGE) is trending upward, with prices exceeding the $0.24 mark and aiming for a target of $1.20. This rise is fueled by a strong bullish channel on the weekly chart, which reveals higher highs and higher lows since late 2023. A breakout above the current resistance at $0.28 could propel Dogecoin toward a significant rally, potentially reaching as high as $0.46 before hitting its $1.20 target. This upward momentum is supported by strong support from the channel structure.