According to market analyst "CobraVanguard," Dogecoin (DOGE) may be on the verge of a major rally. The analyst believes that DOGE could rally 34% from its current price of $0.35 to $0.47, citing two bullish patterns on the coin's chart. The first pattern is an ascending triangle that DOGE entered in early December, and the second pattern is a cup and handle formation within the ascending triangle. Last week, data suggested that the average returns of DOGE traders had turned negative, but there is optimism for a market recovery in the short to medium term.



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