According to Trader Tardigrade, a new bull pennant pattern has formed on the Dogecoin (DOGE) four-hour chart, with a technical breakout target set at $0.37. This chart pattern is recognized by traders as a bullish continuation signal, suggesting increased upward momentum if DOGE breaks above the pennant resistance. Such technical formations often attract short-term and swing traders seeking momentum-based entries. The $0.37 target provides a concrete price level for risk management and potential profit-taking, making it highly relevant for active cryptocurrency traders (source: Trader Tardigrade on Twitter, May 12, 2025).

According to Trader Tardigrade, Dogecoin has experienced significant price surges of +200% and +400% as it reaches the ascending support trendline. The analysis suggests that a further +600% increase is on the horizon, aiming for a target price of 93 cents. This surge is indicative of strong market sentiment and potential further upward momentum. Traders may consider monitoring the trendline support levels and potential resistance as Dogecoin approaches the 93 cents target.