Dogecoin Eyes December 2024 Highs as Technical Pattern Emerges 🐕
Dogecoin, the popular meme cryptocurrency, is exhibiting a symmetrical triangle pattern, typically indicative of a potential breakout. Analysts have set breakout targets as high as $0.466. Meanwhile, large investors, known as whales, are quietly accumulating Dogecoin, amassing approximately 30 million tokens. This accumulation highlights a strong bullish sentiment among major investors.
Key support for Dogecoin has been identified at the $0.20 level. Should the cryptocurrency successfully break out of the current pattern, it could potentially reach new highs by December 2024.
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