Dogecoin Approaches Breakout Point Amidst Pennant Tightening and Growing Volume

Dogecoin’s price is nearing the peak of a tightening pennant pattern on the 4-hour chart, as volume increases, liquidations rise, and DeFi activity picks up. The coin hovers near the $0.14 zone with recent price action suggesting a break imminent. Analysis points to strong momentum behind the upward movement after November’s consolidation period. The ongoing compression of price ranges between converging trendlines, coupled with the increasing volume and active liquidations, are indicative of sustained market activity.