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Dogecoin has entered a critical consolidation phase below $0.26 resistance after experiencing an 18% drop since its May 10th local high, according to CoinDesk Research's technical analysis data model.

Recent whale activity shows 170 million tokens worth over $40 million were shed in the past few days, potentially setting up for the next major breakout.

Dogecoin's recent price action shows a clear bull flag pattern forming after its impressive rally that began in early April.

Despite the current pullback, technical indicators suggest this could be a healthy consolidation before another leg up.

Analysts point to a potential breakout within the next 7 days that could push DOGE toward $0.35-$0.45, representing a potential 52-114% gain from current levels.

Technical Analysis Highlights

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