DOGE is breaking out of a symmetrical triangle pattern with an ultimate price target hovering around $2.
Dogecoin (DOGE) price surged by more than 75% in October to reach $0.172 ahead of the month’s close, its highest level since May 2024.
The memecoin’s gains have appeared largely due to Elon Musk, who at Donald Trump’s New York campaign rally on Oct. 27, discussed his plans to save $2 trillion in taxpayers’ money through his brainchild agency, Department of Government Efficiency, which—interestingly—has the same initials as the Dogecoin ticker, DOGE.
Dogecoin is now exhibiting a technical pattern that could send its price soaring toward $1 and beyond.
