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Dogecoin Breaks Out Of Bull Pennant—What’s The Target?

NewsBTC LogoNewsBTC18h ago

Dogecoin Breaks Out Of Bull Pennant—What’s The Target? - NewsBTC

Quick Summary:

Now, here is the chart shared by the analyst that shows the Bull Pennant that the 1-hour Dogecoin price has potentially been trading inside recently: As is visible in the above graph, Dogecoin was witnessing net consolidation toward the downside inside this Bull Pennant earlier, but now, with the latest rally in the asset, its price has managed to find a break above the resistance line.

The initial rapid move is known as the ‘pole,’ and the consolidation channel as the ‘pennant.’ Related Reading: Bitcoin Sets New ATH, But This Metric Says No Overheating Yet This arrangement is similar to that seen in Flag patterns, with the main difference between the two being the fact that Flags involve parallel consolidation channels, not triangular ones.

Dogecoin Has Just Seen A Surge Beyond Bull Pennant Resistance In a new post on X, analyst Ali Martinez has talked about a pattern that has been forming in the hourly price of Dogecoin recently.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-22 @ 21:30:33 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28917522

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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