Eseandre Mordi
⬤ Dogecoin's hanging tough after some recent market heat, keeping its ground right around the $0.15 support level. The chart shows the asset saw a massive 162 million DOGE inflow, but instead of tanking lower, price is actually holding steady at support. DOGE's been trading inside a descending wedge—a technical setup that usually hints at a bullish reversal when buyers start stepping in strong.
⬤ The chart tells us buyers are slowly taking back control. Dogecoin's squeezing tighter inside the wedge, making lower highs while defending that same support line. A clean break above $0.18 would confirm the breakout, potentially opening the door to a run toward $0.21. What's interesting is that Taker Buy CVD is climbing and open interest is growing—both signs that traders are positioning for something bigger.
The analysis highlights that a clean move above the 0.1819 dollar level would mark a breakout from the pattern, opening the possibility for a push toward the 0.2150 dollar area.
⬤ The technicals back this up. RSI's sitting near 40—neutral territory but showing early strength. Price keeps testing the lower wedge boundary, and buyers keep showing up to absorb the selling. The fact that $0.15 support keeps holding shows accumulation's happening, even with mixed vibes across the broader market.
⬤ This pattern matters because a confirmed wedge breakout can flip short-term momentum and shake up sentiment across the whole memecoin space. If DOGE closes strong above resistance and holds, it signals confidence is back and could pull in more traders. Right now, the squeeze inside the wedge looks like pressure building up, and whichever way it breaks will probably set DOGE's next big move.
Eseandre Mordi
