Here is my analysis and expectation about this coin.
Dogecoin price closed last week with a 17.70% gain. This marks the best weekly return since the beginning of June. At the time of writing, it has boosted monthly gains to 25.50% and nearly hit its price target of $0.291, the previously discussed June 25 high. With the high test on June 25, Dogecoin price is now at an inflection point. If the spike is a technical event due to significant price compression, DOGE should soon retrace below the 50-day SMA and aim for a new correction lower. Alternatively, let's assume this is the start of a sustainable rally. In this case, Dogecoin price could consolidate around the June 25 high of $0.291, forming a branch of the mug with handle pattern that started on June 25.
The measured movement of the bottom of the DOGE mug with handles is 44%, suggesting a price target of $0.417. As long as Dogecoin price stays above the three highs of $0.220 on July 28, $0.222 on July 30, and $0.220 on August 1 on a daily close basis, DOGE should complete its mug pattern and be ready to explore its price target. 0.417 dollars.