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I noticed something interesting on the 4H chart of DOGE. The price just broke out of a classic falling wedge pattern, and it looks exactly like the kind of setup we see before a significant rebound.
The thing is, the descending corner resolved upward around $0.095. The lower highs were converging toward $0.125, and the lows were contracting. When these two lines get closer, it usually explodes. This time, it moved upward with a strong impulsive candle that pushed up to $0.105. The key support now is $0.100. If it holds, we can target $0.110 and $0.125 without any problem.
On the larger timeframe, several analysts talk about an accumulation phase. Historical data shows that when DOGE accumulates around $0.08, it has generated increases of 190% and even 480% in the past. The current structure looks like that. There’s also liquidity absorption that occurred below $0.100, and the price rebounded. This is the kind of move you see before a more serious recovery.
The falling wedge pattern on the daily shows a solid base. If we break above $0.25, the next downtrend resistance could give way, and then we could really aim for $0.80. But, of course, everything depends on maintaining support at $0.100. A close below $0.095 would completely change the game.
For now, DOGE is stabilizing around $0.10. The falling wedge pattern suggests we are in an early recovery phase. The next levels to watch are $0.146 and $0.21. If those hold, it’s a good sign for the future.