Dogecoin’s Breakout Potential: A 170% Upside on the Horizon?

Dogecoin is exhibiting a bullish breakout pattern, with higher lows maintaining its upward momentum since early 2023. The current price around $0.23 reflects consolidation before a potential surge in value. Analysts anticipate a target of $0.6533, representing a 170% upside from current levels if the breakout occurs. This target is backed by historical support zones and extension measurements based on past impulse waves.