The trend of DOGE is quite interesting.

If we can maintain the support at these higher lows, theoretically reaching the historical high of 0.73905 is not a dream — it calculates to approximately a 311% upside potential. It sounds exaggerated, but the technicals are indeed pointing that way.

Recently, DOGE made a classic "spring action" and the price has returned to that widening wedge range. This pattern last appeared in 2024, and the outcome is well-known; it soared directly afterwards. Now, the price has just retraced to the previous support level, and the trend line on the RSI indicator has already been broken, with bullish sentiment still intact.

At times like this, it depends on whether we can hold the position. If we hold it, it means continuing to break through upwards; if we can't, then we need to reassess where the support level is. The technical analysts are focusing on this position.