Analyst Sees Dogecoin Rally to $0.27 on Bull Pennant
Cryptoinsightuk analyst Will Taylor posted a weekly chart showing Dogecoin at the lower boundary of a bull pennant formation with three converging technical signals pointing to potential 300% upside.
Key Takeaway
Taylor's 300% target relies on DOGE holding $0.09 support and climbing the pennant range to $0.27.
Cryptoinsightuk analyst Will Taylor posted a weekly DOGE/USDT chart showing the token at $0.09346, near the lower boundary of a bull pennant at $0.09006.
Taylor's thesis centers on three converging signals. The weekly RSI looks compressed as downside momentum slows, DOGE is revisiting a previous accumulation and support area, and price sits at the zone of highest trading volume—which Taylor noted can often mark a reversal area.
Taylor said if traders accumulate and play the range itself, they're looking at 300% to the upside. That puts the target at $0.27304, the upper boundary of the pennant formation. He added that the technical argument would suggest a positive breakout, and he's planning to take a few positions here, calling it a great spot buy technically.
Dogecoin launched in late 2013 as a joke cryptocurrency and spent years under $0.01 before rallying to an all-time high near $0.74 in May 2021. The token crashed over 90% by 2022-2023, then recovered roughly 400% from 2023 lows to peak around $0.40 in early 2025 before correcting to current levels.
Taylor's call focuses purely on the range play, with the $0.27 target representing the pennant's upper boundary rather than a breakout scenario.
This article was written based on reporting from NewsBTC.
