Crypto analyst Kevin (@Kev_Capital_TA) has spotted a potential game-changer for Dogecoin (DOGE)! On the 4-hour DOGE/USD price chart, Kevin has identified a bullish pennant formation, suggesting a significant price movement could occur by this Saturday! 🌟
🔍 Key Insights:
1. Bullish Pennant Formation: Dogecoin is forming a more defined potential bullish pennant with multiple touch points and plenty of consolidation time.
2. Chart Analysis: The pennant is characterized by converging trend lines indicating decreasing volatility and a consolidation phase. Dogecoin is currently trading around $0.38 within this structure.
3. Breakout Potential: This pattern typically signifies a pause in a prevailing uptrend, followed by a continuation. Kevin suggests that this critical breakout could happen "by Saturday at the latest."
4. Key Levels: The upper resistance is around $0.54, while immediate support levels are at $0.33 and $0.2950.
5. Stochastic RSI: The stochastic RSI is almost reset, which might pave the way for the next significant price movement.
Stay connected with Binance for real-time updates and expert insights as we track Dogecoin's thrilling journey! 🌐📊
