Dogecoin

<p>Dogecoin, the popular meme-inspired cryptocurrency, finally looks set to emerge from its year-long price slump. DOGE appears to be carving out a bullish pennant breakout pattern on its recovery off the recent swing lows. According to crypto analyst <a href="https://twitter.com/cryptonary/status/1748665394116878607" target="_blank" rel="noreferrer noopener nofollow">Cryptonary</a>, several fundamental and technical factors are aligning to support a bull revival.</p> 
<h2 class="wp-block-heading" id="payments-integration-would-support-utility-growth">Payments Integration Would Support Utility Growth</h2> 
<p>Cryptonary cites recent money remitter license applications as a hint that DOGE may soon expand into payments and transactions. This would significantly bolster the blockchain’s real-world utility.&nbsp;</p> 
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<p>With the broader crypto sector stabilizing, DOGE may finally be positioning for its next major bull cycle.</p> 
<h2 class="wp-block-heading" id="technicals-confirm-building-upside-potential">Technicals Confirm Building Upside Potential</h2> 
<p>The analysis lines up with the latest price action and momentum indications. As noted by trader <a href="https://twitter.com/WorldOfCharts1/status/1748808665073643810" target="_blank" rel="noreferrer noopener nofollow">World of Charts</a>, DOGE recently formed a bullish pennant continuation pattern on its recovery attempt. This consolidation following a sharp move higher frequently gives way to upside breakouts.</p> 
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<p>Additional analysis by altFINS suggests DOGE staged a breakout from a separate channel downtrend on improving momentum. With DOGE reclaiming its short- and long-term uptrends, the next resistance levels sit around $0.10 and $0.11 based on prior highs and the measured target of bullish pennant breakouts.</p> 
<p>So while past optimism around DOGE ended badly after 2021’s parabolic climax, the resilient <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoin" data-wpil-keyword-link="linked" target="_blank">memecoin</a> now appears positioned for a more sustainable run. Especially if real-world usage can gain traction through payments and remittances, substantial fundamental improvements could support Dogecoin’s next momentous bull run.</p> 
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<p>The post <a href="https://captainaltcoin.com/dogecoin-shows-signs-of-emerging-from-year-long-slump-with-bullish-pennant-pattern-will-x-payments-platform-turn-out-bullish-for-doge/">Dogecoin Shows Signs of Emerging from Year-Long Slump with Bullish Pennant Pattern, Will X Payments Platform Turn Out Bullish For DOGE</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Dogecoin Shows Signs of Emerging from Year-Long Slump with Bullish Pennant Pattern, Will X Payments Platform Turn Out Bullish For DOGE

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