Crypto analyst Trader Tardigrade has noted the formation of a bullish pennant in Dogecoin's price after its recent surge to a value of $0.4, indicating a potential for further price increases. This price pattern is observed typically as a precursor to bullish market movements.
The analyst suggests that this new technical formation suggests that Dogecoin might reach a new price target of $0.9. This optimistic forecast is attracting attention from traders and investors looking at the short-term potential of Dogecoin.
Related news mentions Trump's Crypto Venture joining forces with Chainlink to harness off-chain data, indicating a general trend of collaboration and technological utilization in the crypto space. These developments may affect investor sentiment positively towards Dogecoin and the broader cryptocurrency market.
