{"id":75754,"date":"2026-03-10T20:01:41","date_gmt":"2026-03-10T20:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=75754"},"modified":"2026-03-10T20:01:41","modified_gmt":"2026-03-10T20:01:41","slug":"a-bullish-pennant-just-appeared-on-the-dogecoin-monthly-chart-heres-what-to-expect","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=75754","title":{"rendered":"A Bullish Pennant Just Appeared On The Dogecoin Monthly Chart, Here\u2019s What To Expect"},"content":{"rendered":"
\n

Most traders are watching Dogecoin on the daily or weekly chart,<\/a> reacting to intraday price action. However, the monthly candlestick chart tells a different story, one that has been developing since the 2021 cycle and is now approaching an inflection point.\u00a0<\/p>\n

Technical analysis shows a massive bullish pennant is forming on the DOGE\/USD monthly timeframe. Dogecoin is now at a lower high support in the pennant, and the technical implications are significant.<\/p>\n

Giant Pennant Has Been Forming Since The 2021 Rally<\/h2>\n

The monthly chart <\/a>shows Dogecoin\u2019s price compressing between two converging trendlines, forming what appears to be a large bullish pennant. The structure begins with the flagpole: the near-vertical surge that launched Dogecoin from below $0.01 to its all-time high of $0.73 in May 2021.\u00a0<\/p>\n

Since that peak, DOGE\u2019s price action has been forming a symmetrical triangle on the monthly chart, a series of lower highs and higher lows converging steadily toward an apex. The upper boundary slopes downward from the peak reached during the 2021 surge, creating a descending resistance line that has rejected several major rallies since then.<\/p>\n

\"Dogecoin\"<\/p>\n

The lower boundary, on the other hand, rises gradually from the base that formed once the previous rally cooled to create a higher low. The lower trendline has provided consistent support, and critically, it held last month when the price tested the $0.08 zone.<\/p>\n

As shown in the Dogecoin monthly candlestick chart below, these two lines have created a triangular formation that has continued to narrow since 2021<\/a>. Multiple turning points on the chart show price reacting precisely at these boundaries, and the structure has been respected repeatedly over time.<\/p>\n

Here\u2019s What To Expect From The Bullish Pennant<\/h2>\n

One of the most important details in the chart is the most recent interaction with <\/a>the lower trendline. Dogecoin dipped to the rising support boundary in February and bounced. That rebound occurred around the same area where Dogecoin has been trading recently, just below the $0.09 level.\u00a0<\/p>\n

At the time of writing, Dogecoin is trading at $0.094, still close to the support. <\/a>Holding this support and closing above it in March is important for the structure because a bullish pennant depends on price remaining inside the converging boundaries. If DOGE were to close the month below the lower trendline, then the bullish outlook would weaken.<\/p>\n

On the other hand, the bullish outlook depends on Dogecoin breaking above the upper end of the bullish pennant. The measured move target of a bullish pennant is calculated from the height of the flagpole, projected from the breakout point. Given the scale of Dogecoin\u2019s 2021 flagpole, even conservative projections point well above $1, with upper-range targets in the $3 to $4 territory.<\/p>\n

However, there is still much work <\/a>to do for DOGE to return to the upper trendline before a breakout. Particularly, Dogecoin needs to push above $0.32 and close consecutive months above this level.<\/p>\n

\"Dogecoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Most traders are watching Dogecoin on the daily or weekly chart, reacting to intraday price action. However, the monthly candlestick chart tells a different story, one that has been developing since the 2021 cycle and is now approaching an inflection point.\u00a0 Technical analysis shows a massive bullish pennant is forming on the DOGE\/USD monthly timeframe. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-75754","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/75754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75754"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/75754\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}