Recently, a remarkable phenomenon has occurred in the cryptocurrency market: Dogecoin (DOGE) has seen a 38% increase over the past month. This astonishing surge has attracted widespread attention from the market, and several analysts have conducted in-depth discussions on its future trends.

The famous cryptocurrency analyst TradingShot pointed out in his latest market analysis that DOGE has entered a clear upward channel. He believes that this trend could trigger a strong rally, possibly driving the price of DOGE to a high of $1.5. Even more exciting, TradingShot has made the bold prediction that DOGE could achieve double-digit gains.

In an analysis article published by TradingShot on the TradingView platform, the Livermore Cylinder Theory was used to interpret the price trend of DOGE. He pointed out that since the low on October 9, 2023, DOGE has been in a bullish trumpet pattern, which suggests a significant price increase may be imminent. The analyst also emphasized that DOGE is undergoing a large-scale accumulation phase, which could pave the way for a breakthrough of the 1-dollar mark.

Another highly regarded cryptocurrency analyst and trader, Tardigrade, is also optimistic about the prospects of DOGE. By studying the price charts from July, he found that DOGE has reached the upper limit of its consolidation phase, which may signal the beginning of a new 'explosive' upward phase, with the potential to create new price highs.

Currently, the trading price of DOGE hovers around $0.23. Analysts generally believe that to achieve the expected significant increase, a collective rise in the overall encryption cryptocurrency market may be needed to provide support.

In addition to technical analysis, the recent activities of large holders (commonly referred to as 'whales') surrounding DOGE have also become a focal point of market attention. These large-scale trading behaviors may have a significant impact on the price movement of DOGE, becoming another potential factor driving its value increase.

Although experts' predictions are encouraging, investors should remain cautious and fully recognize the high-risk nature of the encryption currency market. The future trend of DOGE still has many uncertainties, and market participants should make informed investment decisions based on their own risk tolerance.