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Dogecoin Builds Bullish Pennant at $0.2429 After 12.7% Weekly Gain, Holding $0.2372 Support and Facing $0.2475 Resistance

Dogecoin Builds Bullish Pennant at $0.2429 After 12.7% Weekly Gain, Holding $0.2372 Support and Facing $0.2475 Resistance

CryptonewslandCryptonewsland2025/09/10 19:15
By:by Vee Peninah
  • Dogecoin is priced at $0.2429 after gaining 12.7% in the past seven days.
  • The two-hour chart shows a bullish pennant, with support at $0.2372 and resistance at $0.2475.
  • DOGE gained 2.0% against Bitcoin, trading at 0.052147 BTC during the week.

Dogecoin (DOGE) is in a contracting consolidation period on the lower-timeframe chart after a sudden increase in price movement. The cryptocurrency has been trading at $0.2429 after improving 12.7% in the last seven days. This action has taken the market nearer to a specified range as it has been supported at $0.2372 with resistance being seen at $0.2475. 

The bullish pennant pattern indicated by the chart structure indicates that the trading activities are compressed after the good progress. Notably, such a consolidation underscores how the asset is recovering the ground following the recent surge.

Price Behavior on the Two-Hour Chart

On the two-hour line chart, Dogecoin shows a clear formation of converging trendlines. The pattern developed after a steep surge that carried the token into its current range. Each price fluctuation inside the structure has produced lower highs and higher lows, which is characteristic of contracting consolidation. 

$Doge /2-hour #Dogecoin LTF line chart indicates contracting consolidation after an impulsive uptrend, forming a Bullish Pennant pattern 🔥 pic.twitter.com/efnSLL5GTc

— Trader Tardigrade (@TATrader_Alan) September 10, 2025

This controlled price action has kept DOGE balanced between the $0.2372 support floor and the $0.2475 resistance cap. Notably, this setup has unfolded as the weekly gains extended, supporting the structure on shorter timeframes.

Market Performance and Support Levels

The seven-day performance indicates the continuous positive growth where DOGE has increased 12.7% in value compared to the U.S. dollar. Meanwhile, the token also has gained 2.0% against bitcoin, trading at 0.052147 BTC.

Nevertheless, the market has not broken its limits of consolidation in spite of these increases . The support at the level of $0.2372 has been strong in the recent sessions and $0.2475 is the immediate ceiling. This weekly strength and narrow trading ranges stress the current position of equilibrium.

Technical Context and Trading Range

The pennant structure now represents a critical short-term formation for traders monitoring Dogecoin’s price action. Compression inside this pattern has created a narrow corridor, with each move reinforcing the converging lines. 

The 24-hour trading range has consistently fit within this boundary, offering a clear technical context. Moreover, the balance between support and resistance underscores the importance of maintaining stability. With weekly gains intact, the short-term chart reflects a controlled phase that remains defined by contracting consolidation.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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