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Dogecoin Forms Bull Pennant With $0.37 Target as Price Stabilizes Above $0.22

  • 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.

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