Dogecoin Forms Bull Pennant with $0.37 Target as Price Stabilizes

The Dogecoin (DOGE) price has stabilized above $0.22, revealing a potential continuation of the upward trend. A bullish pennant pattern is forming on the H4 chart, suggesting a move towards the target of $0.37, which aligns with historical patterns. Analysts believe this movement follows a consolidation period within a symmetrical triangle. The flagpole from May 9th provides an indicator for this potential breakout.