Dogecoin (DOGE)
Dogecoin, the biggest meme coin, is another popular crypto coin to hold. It has a big fanbase, including Elon Musk, who is now leading the Department of Government Efficiency (DOGE).
Dogecoin has constantly remained above the 50-week and 200-week moving averages. Also, it recently flipped the important resistance level at $0.2265, its highest swing on March 25. This was a notable level since it was the upper side of the double-top pattern. It was also the higher side of the cup and handle pattern.
DOGE is now slowly forming a bullish pennant pattern, which is made up of a long vertical line and a symmetrical triangle. In most periods, this pattern usually leads to a strong bullish breakout. If this happens, Dogecoin may jump and retest its all-time high at $0.7363, up by 75% above the current level.
