Market veteran Raoul Pal suggests that Dogecoin (DOGE) is poised for a bullish trajectory, drawing parallels between its chart and that of XRP. He presents a chart showing three falling wedge formations, with the first and second resulting in major rallies for DOGE. Currently, DOGE has broken out of the third wedge pattern, indicating a potential continuation of the historical uptrend. Other market analysts also support the bullish case, with Trader Tardigrade highlighting the formation of a bullish pennant and predicting a target price of $1.35 for DOGE. Another analyst, CW, identifies an AB=CD harmonic pattern and sets a target price of $0.69. However, DOGE's consolidation phase and failure to maintain support at certain levels could threaten the short-term bullish outlook.



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