Dogecoin Consolidation Holds Bullish Potential Amid Infrastructure Milestone

The Dogecoin chart did not fulfill the flag pattern; instead, the price entered a broad consolidation phase. Initially, the price dipped to $0.2107 but was halted by a bullish hammer; subsequently, it rebounded to $0.2548 before falling again to $0.2147, where a hammer also stopped the decline. Despite the difficulty in surpassing $0.23, there is a strong bullish signal from the balance of power indicating a potential upward impulse. The target levels remain at $0.28 and then $0.30, similar to previous forecasts. In May 2025, developers from Psy, supported by Wormhole infrastructure, launched the first decentralized bridge between Dogecoin and Solana, marking a significant milestone in crypto interoperability. Additionally, the Dogecoin team raised $26,000 for a children's hospital, showcasing community engagement and social responsibility. Overall, the outlook for Dogecoin suggests cautious optimism with potential upside targets, underpinned by technical signals and recent infrastructural developments.