Dogecoin Rally of More Than 78% in the Last 38 Days

Dogecoin's rally of more than 78% in the last 38 days

Dogecoin’s (CRYPTO: DOGE) rally of more than 78% since mid-March appears to be setting up for further gains, according to two independent studies published on X.

Both Bluntz (@Bluntz_Capital) and TSG (@tsg0x) point to classical continuation structures that remain intact after DOGE peaked at $0.2597 on Sunday. While profit-taking has since set in, they agree that the next objective lies in the mid-$0.30s.

In twelve-hour Binance chart, we observe an almost textbook inverse head-and-shoulders that evolved in late-February and was confirmed in early May. The left shoulder was stamped out in mid-March around $0.142, the head was carved at ~$0.129 in the first week of April, and the right shoulder completed at the start of May at $0.164. A descending neckline that had capped price over the past two months intersected around $0.20; that barrier gave way last week on the heaviest twelve-hour volume cluster since February, a key confirmation that the breakout is powered by participation rather than thin-order-book volatility. Subsequent candles carried almost to $0.26 before a modest pullback to $0.217 set in. Momentum remains constructive: the RSI, which briefly tagged the oversold area on the breakout, has since cooled to the low-60s, suggesting that overbought conditions have been reset without surrendering bullish structure. The measured-move rule for an inverse head-and-shoulders—neckline to head depth of roughly eight cents—projects an initial destination in the $0.26-$0.28 region, in line with the hand-drawn arrow on Bluntz’ chart that shoots into the low-$0.30s.

Zooming into the four-hour timeframe, we see the same impulse consolidating within a descending parallel channel spanning $0.22–$0.26, a classic bull flag. On a breakout, we arrive at a precise target of $0.32928. We can also observe a time projection, with an arrow indicating the potential for the next decisive move within the coming days.

If the flag fails, invalidation arrives on a four-hour close below the lower channel boundary near $0.20; below that, a cyan demand block between roughly $0.16 and $0.21 aligns with the rising trend-line that has underpinned price action since early April, offering bulls a secondary zone to reload.