Dogecoin's Surge: Analysts Predict $3 Target Amid Musk's Influence

Dogecoin (DOGE) has surged 200% in the past two weeks, breaking out of a bullish falling wedge pattern, according to analyst Carl Runefelt. This breakout suggests potential further gains, with a short-term price target of $0.4385, indicating an 18% rise. Despite the bullish outlook, risks of a fakeout remain, which could lead to short-term volatility. DOGE is currently testing crucial demand levels at $0.371, and its future momentum may depend on broader market trends, particularly Bitcoin and Ethereum's performance.