Saad Ullah
Dogecoin just gave bulls something to smile about. The meme coin has broken out of a textbook bullish pennant on lower timeframes, and if the pattern plays out, we could see DOGE hit $0.275 sooner than expected.
Chart Breakdown: The Technical Picture
Crypto analyst Trader Tardigrade spotted this setup on the 2-hour chart, where price action has been building pressure before this latest breakout.The pattern tells a clear story. DOGE surged earlier, then spent time consolidating in a tightening triangle - classic pennant behavior. Now it's punched through the upper boundary, confirming the bullish continuation signal. Here's what matters most:
- Breakout Confirmed: DOGE cleared the pennant's upper resistance
- Price Target: Pattern points to $0.275 based on measured move calculations
- Support Base: If things go sideways, the $0.235-$0.238 zone should hold as backup support
This kind of setup usually means the previous trend is ready to resume with fresh momentum behind it.
Market Context: Meme Coins Getting Love Again
The timing isn't random. Altcoins are catching a bid as market sentiment improves, and meme coins like DOGE often lead the charge when retail money starts flowing. We've seen this movie before - when liquidity rotates into the meme sector, Dogecoin can move fast and far. If the broader crypto market stays healthy, DOGE might not stop at $0.275. The next logical target would be that psychological $0.30 level that's been resistance in the past.
The pennant breakout gives DOGE a clear runway toward $0.275, but the real question is whether market momentum can sustain this move. Technical patterns are only as good as the follow-through, and with meme coins, that often comes down to market sentiment and social media buzz. For now, the setup looks solid and the path higher seems open.
Saad Ullah
