Dogecoin Price Bull Flag Breakout Targets $0.295 After 22% Weekly Surge

The Dogecoin price bull flag breakout is fueling fresh optimism among traders as DOGE rallies 22% in the past week. Strong technical signals — including a golden cross on the daily chart and whale accumulation — have analysts setting targets between $0.27 and $0.295. Momentum is accelerating as trading volume and market interest continue to rise.

Bull Flag Breakout Suggests More Upside for Dogecoin Price

In the last 24 hours, Dogecoin has jumped 7.5%, trading around $0.24 with daily volume exceeding $3.45 billion. Popular crypto analyst Trader Tardigrade highlighted a bull flag breakout on the 4-hour chart, projecting a move toward $0.295.

The pattern began with an upward surge from $0.20 to $0.24, forming the flagpole, followed by a short consolidation phase. Now that DOGE has broken above the upper resistance channel, technical analysis points to further gains. Key support levels are $0.23 and $0.22, while resistance is seen at $0.25.

Analysts Eye $0.27 Short-Term DOGE Price Target

Market strategist Ali Martinez has spotted a similar bullish structure on the hourly chart. He notes that DOGE recently broke out of a falling channel after rebounding from the 0.618 Fibonacci retracement near $0.23.

$Doge/4-hour#Dogecoin Bull Flag Breakout, targeting $0.295 🔥 pic.twitter.com/QlYb5fNHS1

— Trader Tardigrade (@TATrader_Alan) August 12, 2025

According to Fibonacci extension levels, the next price zone is between $0.25 and $0.28 — with $0.27 as the primary near-term target. If the Dogecoin price bull flag breakout holds above the breakout level, traders could see further gains in the coming sessions.

Golden Cross and Whale Accumulation Boost Bullish Momentum

The daily Dogecoin chart has now confirmed a golden cross — when the 50-day simple moving average crosses above the 200-day SMA — a historically bullish event. The last time this happened in late 2023, DOGE entered a significant rally. The $0.20 zone, where the crossover occurred, now acts as strong market support.

Fresh data from Coinglass shows futures open interest rising 8% in just 24 hours to $3.5 billion. Options open interest increased 37% to $3.1 million, while options trading volume jumped 80% to $932.4 million.

Meanwhile, large investors — often called whales — have purchased more than 1 billion DOGE in recent days, worth about $200 million. These whale holdings now account for nearly half of Dogecoin’s circulating supply, signaling strong confidence in the market outlook.

With technical patterns, whale activity, and market sentiment all aligning, the Dogecoin price bull flag breakout has shifted focus away from regulatory headlines like the SEC’s DOGE ETF decision, placing traders’ attention back on active market plays.

Make money without lifting your fingers: Start using a world-class auto trading solution.

EightCap, your trusted Partner in CFDs, Cryptocurrencies and Stocks.