$DOGE remains in a bullish consolidation, ready for a 50% breakout rally. Rising open interest and potential liquidation of $67 million short positions add credence to this optimistic outlook that forecasts a $0.368 target.

$DOGE is currently trading at $0.2316, forming a bullish pennant. The key resistance is near $0.25, and a breakout above it could propel DOGE toward $0.36.

Open Interest has increased by $280M, reaching $3.03B—signaling rising trader activity and bullish sentiment, with potential short liquidations worth over $62M.

If Dogecoin breaks below $0.2185 support, the bull pennant will be invalidated, possibly leading to a drop toward the S1 support at $0.17757.