DOGE’s $1 Target: Analyzing Potential Bullish Reversal on Weekly Chart

Dogecoin (DOGE) has seen a significant surge, breaking past the $0.145 mark and reaching an all-time high of around $0.150. While this move represents a relief rally within a broader market cooling off phase, the price chart suggests potential bullish reversal. Analyst Trader Tardigrade points to a strong Dragonfly Doji pattern on the weekly chart as a key indicator, signaling a shift from downtrend to uptrend. This pattern, characterized by a significant opening drop followed by a recovery closing near the opening price with a long lower shadow, is seen as promising bullish signals.