Could Dogecoin Hit $0.80 Again? Technical Setup Hints at Potential Rally

Dogecoin (DOGE) is showing signs of a potential rally, prompting some analysts to predict it could reach $0.80 by the end of the year. This prediction stems from a technical analysis where the token forms a rounding bottom pattern alongside a converging triangle, signaling a breakout. The key resistance level at $0.29 remains a critical point that should be broken for DOGE to push past $0.49 and possibly even $0.80. 2024 showed similar price action with DOGE rising from $0.18 to $0.49 after forming a similar pattern. Analysts believe this is a sign of an upcoming breakout.