Dogecoin

bullish

Value

Coin

<ul class="news-points wp-block-list">
 <li><strong>Dogecoin forms a second bull pennant, signaling a potential breakout towards $0.90.</strong></li>
 <li><strong>MVRV ratio at 45.65% indicates DOGE has room for growth before reaching overbought levels.</strong></li>
 <li><strong>Analysts note possible short-term correction, but long-term trend remains bullish.</strong></li>
</ul>
<p>Dogecoin (DOGE) is on the rise again. Analysts are now on the lookout for a second bull pennant pattern form, signaling another potential breakout. This could push the meme coin to $0.90.</p>
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<p>Analysts note that the second bull peak has emerged on the 2-hour price chart, indicating that the flag portion of the pattern may be nearing completion.</p>
<p>Historically, these patterns signal a continuation of the preceding trend, with breakouts often aligning with the prior bullish movement. Crypto analyst Trader Tardigrade predicted a potential breakout from this pattern, projecting Dogecoin’s price could rise to $0.90.</p>
<h2 class="wp-block-heading" id="h-mvrv-ratio-suggests-room-for-growth-nbsp-nbsp">MVRV Ratio Suggests Room for Growth&nbsp;&nbsp;</h2>
<p>The Market Value to Realized Value (MVRV) ratio supports a bullish outlook. According to Ali Martinez, Dogecoin’s MVRV ratio is 45.65%, below the crucial level of 78%, which has historically…</p>
<p>The post <a href="https://coinedition.com/dogecoins-second-bull-flag-key-to-massive-breakout-doge-to-0-90/" rel="noopener noreferrer nofollow">Dogecoin’s Second Bull Flag: Key to Massive Breakout? DOGE to $0.90?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Dogecoin’s Second Bull Flag: Key to Massive Breakout? DOGE to $0.90?

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