An analyst has pointed out how Dogecoin is showing a break out of a Bull Pennant. Here’s where the target could lie, based on the pattern.
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. The pattern in question is a “Bull Pennant,” which is a type of Pennant from technical analysis (TA). A Pennant forms whenever the price of an asset witnesses consolidation between two converging trendlines following a sharp move. The initial rapid move is known as the ‘pole,’ and the consolidation channel as the ‘pennant.’
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This arrangement is similar to that seen in Flag patterns, with
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