based on materials from the site - By CaptainAltcoin

Dogecoin has just broken through a long-term descending trend line that has held the price since the end of 2024. According to Crypto Charts (@Cryptokartha on X), this breakout could signify the beginning of a serious movement. The current price of Dogecoin is around $0.20, and the breakout is occurring with strong momentum.
The figure on the chart represents a bullish pennant, which often signals an impending sharp rise. Such a configuration forms when the price consolidates after an initial spike and then breaks out again in the same direction. It seems that this is exactly what is happening with DOGE right now.

Crypto Charts believes that this breakout could lift the price of Dogecoin to around $0.47. If this happens, it would represent a 135% increase from the current breakout point. On the chart, this projection is clearly marked by a vertical arrow indicating how far the price could go if this rise materializes.

The bullish forecast is based on the strength of the pattern and the time it has taken to form. After several months of sideways movement and lower highs, the price of Dogecoin is now confidently moving above the resistance level.

Why this breakout could be an important event
The consolidation that formed this pennant began after the previous rise of Dogecoin at the end of 2023. Since then, the price has been tightening within this pattern. Similar patterns can lead to explosive movements when they finally resolve.
Now that DOGE has broken through the resistance level, traders will closely monitor whether the price holds above the previous resistance. If this happens, and trading volume increases, the target of $0.47 becomes more likely.

Cryptographers may have stumbled upon something worthwhile. Dogecoin has been silent for a while, but this breakout could change everything. The price of Dogecoin is now showing strong technical signals, and if momentum continues, this could mark the beginning of a new significant rise. The chart speaks for itself. DOGE may be preparing for stronger growth than in recent months.

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