According to Trader Tardigrade, Dogecoin ($DOGE) has formed a channel pullback pattern, which historically precedes significant price movements in the cryptocurrency market. Technical analysis from the tweet highlights that breakout scenarios from such channels often lead to increased trading volume and heightened volatility for Dogecoin. Traders should closely monitor resistance and support levels within the channel, as a confirmed breakout could trigger a rapid price surge. Channel pullbacks are known to attract both short-term traders and long-term investors, impacting liquidity and volatility across the crypto sector (Source: Trader Tardigrade on Twitter, May 20, 2025).