Dogecoin is currently forming an ascending triangle pattern. With a surge in market activity, trading volume, and liquidation volume, the mid-term target is expected to be $1.8.

The ascending triangle of Dogecoin indicates a potential breakout target of $1.8.

Derivatives trading volume has soared by 57%, reflecting strong market participation.

Grayscale's ETF application has sparked institutional interest, with the open interest amount rising to $3.73 billion.

Dogecoin momentum is strong, forming an ascending triangle, with an expected target price of $1.8.

The ascending triangle pattern of Dogecoin is a bullish pattern, suggesting that prices may rise. The current trading price is $0.2228, and this pattern indicates that once a breakout is confirmed, it may reach the target price of $1.8.

Dogecoin derivatives trading volume has reached $7.36 billion, an increase of 57.45%, indicating increased market activity. Additionally, the total liquidation amount has reached $17.22 million, with long positions facing significant pressure. These data highlight the current market activity.

The ascending triangle is a bullish chart pattern characterized by higher lows and a flat resistance level, indicating that prices may rise.

Grayscale's ETF application has increased institutional interest in Dogecoin, potentially driving demand and positively impacting price trends.

In summary, the current ascending triangle pattern of Dogecoin, coupled with increased market activity and institutional interest, creates potential for growth. As prices approach the resistance zone, traders should remain vigilant and watch for breakout opportunities.