Dogecoin forms a bull pennant on the H4 chart with a target price of $0.37, indicating a potential continuation of the upward trend.
A historic pattern linked to a previous 30,000% surge in DOGE/BTC ratio suggests a potential impending bullish movement.
The current technical setup on Dogecoin's chart indicates a consolidation phase around the $0.22–$0.24 zone before a potential breakout towards the projected target.
Despite a recent price dip, Dogecoin's trading volume surged by 44.06% and the circulating supply remained stable at 149.24 billion DOGE.