Dogecoin is forming a classic contracting triangle pattern, characterized by higher lows and lower highs, indicating a potential sharp breakout in one direction. Analysts have noted decreasing volatility and declining trading volume, suggesting internal pressure is building within the pattern. Given the overall bullish market sentiment, if Dogecoin's price confirms a breakout of the triangle, it could surge toward a key resistance level. Currently, Dogecoin is trading at approximately $0.09360, down 2.95% in the past 24 hours.
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Dogecoin is forming a classic contracting triangle pattern, characterized by higher lows and lower highs, indicating a potential sharp breakout in one direction. Analysts have noted decreasing volatility and declining trading volume, suggesting internal pressure is building within the pattern. Given the overall bullish market sentiment, if Dogecoin's price confirms a breakout of the triangle, it could surge toward a key resistance level. Currently, Dogecoin is trading at approximately $0.09360, down 2.95% in the past 24 hours.