Peter Smith
DOGE is hanging around $0.22366 in what looks like a textbook falling wedge pattern. One trader thinks this could lead to a massive breakout with targets hitting $0.30750.
DOGE (Dogecoin) Finds Its Footing Around $0.22
Dogecoin's currently trading at $0.22366, up a tiny +0.04% - not much to write home about, but the bigger picture looks interesting. The 4-hour Binance chart shows DOGE stuck in a falling wedge, which usually means good things are coming for bulls.
That $0.21 to $0.22 zone is where the action's happening. The trader who spotted this setup calls it a "high-conviction buy area" and isn't shy about suggesting 3-5x leverage for those feeling brave. Just remember - the market's still pretty wild out there.
DOGE Price Could Hit $0.30750 If This Works Out
Here's where it gets spicy. If DOGE breaks out of this wedge pattern, we're looking at some serious upside potential. The targets are $0.24705, $0.26500, and the big one - $0.30750. That top target would mean gains of over 37%.
The key level to watch is around $0.23 - that's where the upper wedge line sits. A strong break above there with decent volume would confirm the breakout. Until then, DOGE's just chilling in this range, giving patient traders a chance to load up.
Bottom line: falling wedges usually break higher, and if this one plays out like the textbook says, DOGE holders could be in for a nice ride.
Peter Smith
