Crypto analyst Kevin has identified a bullish pennant formation in the 4-hour Dogecoin/USD price chart, indicating a potential significant price movement by this coming Saturday. The pennant pattern suggests a pause in the uptrend followed by a potential continuation, with converging trend lines indicating decreasing volatility and consolidation. Kevin believes a critical breakout could happen by Saturday, with an upward breakout anticipated due to bullish momentum. Key support and resistance levels are identified, with the upper resistance at $0.54 and immediate support levels at $0.33 and $0.2950. Kevin also highlights the stochastic RSI as a momentum indicator and suggests that once it resets, the next leg of the bull run could begin. The longer Dogecoin consolidates, the bigger the next price movement could be, potentially indicating the cycle's top. At the time of writing, DOGE traded at $0.39.



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