Dogecoin price nears bullish triangle breakout, can it recover to its February highs?
Dogecoin price is close to confirming a bullish breakout from a symmetrical triangle pattern amid a surge in demand on the derivatives market.
Dogecoin (
$DOGE ) price shot up 17% to a weekly high of $0.103 on Thursday morning Asian time before settling at $0.096 at press time.
Dogecoin’s rally was supported by investor fears cooling off after reports surfaced that Iran has secretly been negotiating a deal with the U.S. to de-escalate the ongoing conflict between the two nations.
A look at its futures market