Dogecoin Breaks Out of Bull Pennant
- Dogecoin has broken above a Bull Pennant resistance line.
- The Bull Pennant is a continuation pattern from technical analysis.
- A breakout target for Dogecoin is estimated at $0.31, based on the pattern’s pole length.
- Dogecoin’s price could increase by nearly 30% if it reaches this target.
- Currently, Dogecoin is trading around $0.239, up approximately 6% in the past week.
Recently, Dogecoin has surpassed a Bull Pennant resistance line, suggesting a potential price target of $0.31, which represents a possible increase of about 30% from its current level of $0.239.
Source (2.6)https://www.newsbtc.com/news/dogecoin/dogecoin-breaks-bull-pennant-whats-the-target/?rand=52377
