Dogecoin broke out from a descending triangle pattern, signaling potential upward momentum.
DOGE saw a 4.91% price increase, with an 80.20% surge in trading volume.
A closer look at the recent price patterns, market data indicates that DOGE has been exchanging at $0.1624 and up by 4.91% in 24 hours.
The trading consolidation pattern around the $0.15 range ended positively as DOGE’s H4 candle closed and confirmed its departure from the descending triangle pattern. This price movement indicates DOGE may experience significant market changes since it surpassed critical resistance above $0.16 level.