After months of sideways distribution, DOGE has finally shown us some strength and has successfully broken out of the falling wedge pattern. Falling wedges are classically bullish reversal patterns.
With Elon Musk taking over Twitter, there's high hopes for the community to integrate DOGE into Twitter one way or the other. Therefore investors are piling in to get cheap DOGE before the potential melt up occurs.
Since the market conditions are still far from perfect, I'd like to keep my targets close.
If Elon Musk will actually integrate DOGE into Twitter we can expect a massive inflow of capital in a short period of time, potentially even making new all-time highs. For now, it's all just speculation.