Dogecoin Is Surging Early Thursday—Will A Move To $0.31 Come Sooner Than You Think?

Dogecoin (CRYPTO: DOGE) maintained healthy momentum Thursday morning, following Bitcoin’s (CRYPTO: BTC) record-breaking rally, which bolstered the entire cryptocurrency market.

What happened: The dog-themed token sailed to an intraday high of $0.2433 late Wednesday night before experiencing a minor pullback. DOGE’s trading volume popped 55% to over $3 billion, making it one of the most traded cryptocurrencies in the last 24 hours.

Widely followed cryptocurrency analyst and trader Ali Martinez spotted DOGE’s breakout from a bull pennant formation, suggesting a price target of $0.31.

A bullish pennant is a continuation chart pattern, indicating resumption of an uptrend after a pause or …

Full story available on Benzinga.com