Dogecoin Eyes 300% Upside As Analyst Flags Major Reversal Zone

Dogecoin is back at a technical level that historically favored accumulation, with the memecoin testing long-term support as weekly momentum cools. The setup, laid out by Cryptoinsightuk’s Will Taylor, points to a potential 300% move if DOGE can once again trade the upper end of its multi-year range. Will The Dogecoin Price Explode By 300%? Taylor’s thesis is built almost entirely on structure. On the weekly DOGE/USDT chart he shared, Dogecoin was sitting near $0.09006, pressed into the lower boundary of a broad pennant formation that has contained price action for years. The same chart marked a projected move to roughly $0.27304, labeled as a 302.43% upside swing from current levels. “DOGE is technically at such an interesting level again,” Taylor wrote on X. “Weekly RSI looks compressed as downside momentum slows. We are revisiting a previous area of accumulation / support AND at the bottom of a wider range (Bull Pennant). We are also at the area of most trading volume, can often be